In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT Budrul Chukrut | Lightrocket | Getty Images Yum Brands on Tuesday reported quarterly earnings and revenue that missed Wall Street’s expectation as same-store sales at KFC and Pizza Hut slid more than expected. Here’s what the company reported compared with what Wall Street was expecting, based on
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In this article SMCI Follow your favorite stocksCREATE FREE ACCOUNT Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.  Annabelle Chih | Bloomberg | Getty Images Super Micro, the embattled server maker that’s late in
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EUR/USD has experienced a deeper pullback after confirming a double top, BBH’s FX analysts note. Potential supports are located at June low of 1.0665 and 1.0600 “EUR/USD has dipped below the 200-DMA (1.0870) and the trend line drawn since October 2023 denoting prevalence of downward momentum.” “The decline is a bit stretched but signals of
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Republican clean sweep makes it significantly easier to implement full policy agenda, ABN AMRO’s economists note. Parity for EUR/USD can be on the cards “Risks very firmly tilted to the downside for US and global economic growth and to the upside for US inflation. While Fed policy could be tighter than our current base line,
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Former president Donald Trump has been elected as the new president of the United States, according to the Associated Press. Trump has secured more than 270 electoral votes after winning in key swing states such as Pennsylvania and Wisconsin. Trump’s victory favors the so-called Trump trades, with the US Dollar and Bitcoin soaring. Former US president Donald
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EUR/USD is hit badly with Trump’s victory in the US presidential election. The Fed is expected to cut interest rates again on Thursday but by a lower size of 25 bps. The Euro underperforms across the board as concerns over Eurozone economic growth have deepened. EUR/USD slightly recovers to 1.0750 after nosediving to near 1.0700
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The US Dollar (USD) traded higher, as vote count skews in favour of Trump at time of writing. DXY was last at 104.92, OCBC’ FX analysts Frances Cheung and Christopher Wong note. Trump outcome may see a play-up of US-China trade tensions “The 7 swings states of Georgia, North Carolina, Pennsylvania, Michigan, Wisconsin, Arizona and
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USD/CHF holds onto intraday gains near 0.8750 on US Trump’s victory. Market participants are expected to face higher import tariffs in Trump’s administration. The Swiss Franc pair rallies after breaking above 38.2% Fibo retracement at 0.8700. The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session. The Swiss Franc pair surges to a fresh
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The Mexican Peso plunges several percentage points against its major pairs after Donald Trump secures 267 electoral votes, three away from victory.  Trump’s threats of whacking huge tariffs on Mexican imports is wreaking havoc with the Peso.  USD/MXN closes an open chart gap and extends its established uptrend within a rising channel.   The Mexican Peso
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