Author: FX

Foot Locker (NYSE:FL) swung to a loss in the second quarter and said it was closing stores in Asia and Europe, overshadowing better-than-expected sales and driving shares more than 8% lower in premarket trading. The company also issued lackluster sales guidance for FY24. In the second quarter, the sportswear retailer reported an adjusted loss of $4M, or $(0.05) per share, beating expectations by 2 cents. This compares to a profit of $4M, or $0.04 per share in the same quarter last year. Total sales improved by 1.9% year-over-year to $1.9B, $10M above expectations. Led by strong comparable store sales in…

Israeli, US, Egyptian, and Qatari negotiators were meeting in Doha on Wednesday for “technical/working level” Gaza ceasefire talks – source with knowledge of the meeting to Reuters. This article was written by Arno V Venter at www.forexlive.com. Source link

FX option expiries for Aug 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1100 836m 1.1120 602m 1.1140 415m 1.1150 2.1b 1.1170 828m 1.1175 1b 1.1200 1.5b                 GBP/USD: GBP amounts      USD/JPY: USD amounts                      143.75 500m 145.25 1.6b 145.50 2.2b USD/CHF: USD amounts      AUD/USD: AUD amounts USD/CAD: USD amounts        EUR/GBP: EUR amounts         Source link

USD/JPY has been trading lower since mid-August when the pair turned lower from the 149.50 levels. Is the pair ready to reverse its downtrend? We’re looking at a potential reversal ahead of the release of Uncle Sam’s second GDP reading! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

chachamal The Asia-Pacific equity markets were in red on Wednesday as investors cautiously awaited Nvidia’s earnings report, a key event for the AI sector. Markets also reacted to data showing Australia’s monthly CPI indicator came in hotter than expected in July. The Japan (NKY:IND) -0.02%. The Nikkei 225 Index fell on Wednesday, and the Japanese yen traded around 144 per dollar, hovering near its strongest levels in three weeks. Moreover, Bank of Japan Deputy Governor Ryozo Himino said the central bank will adjust the degree of monetary accommodation if the outlook for economic activity and prices are realized. China (SHCOMP)…

(Reuters) -Ukrainian drones set oil tanks on fire at an depot in Russia’s Rostov region, Russian Telegram channels reported on Wednesday. Russia’s air defence units destroyed four drones over the Rostov region overnight, the Russian defence ministry and Rostov’s governor, Vasily Golubev, said on the Telegram messaging app, but made no mention of an attack on an oil depot. The Baza Telegram channel, which is close to Russia’s security services, said that three tanks were burning at an oil depot in the Kamensky district of the Rostov region after two drones fell on the area. Videos posted on Russian social…

I’m seeing a steady uptrend on the hourly chart of AUD/USD, but it looks like the pair is stalling at its August highs. Could it go for a pullback or a break higher? Here’s what I’m expecting for the U.S. preliminary GDP report and the inflection points I’m watching This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

Data from the Australian Bureau of Statistics (ABS) showed that inflation in Australia rose by 3.5% y/y in July, slower than June’s 3.8% increase AND the lowest since March but higher than the 3.4% uptick that the markets had expected. One reason for the decline may be that the expanded Commonwealth Energy Bill Relief Fund rebate and the introduction of State government rebates took effect in July, effectively lowering household electricity costs. However, excluding volatile items like fuel, fruit and vegetables, and holiday travel, CPI still slowed down from 4.0% to 3.7% from a year ago in July. Reserve Bank…

Who’s ready for the first round of revisions on the U.S. Q2 2024 GDP? Any significant upgrades or downgrades could still impact Fed policy outlook, potentially causing big swings in the markets. Better read up on what analysts are expecting for the event and how the dollar could react. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

No data? No problem! With not a lot of top-tier data releases on tap, traders turned to yesterday’s market themes and priced in their biases for the awaited reports scheduled later this week. How did your favorite assets trade anyway? Headlines: BOJ core CPI slowed down from 2.1% y/y to 1.8% y/y (2.1% expected) in July German GfK consumer climate worsened from -18.6 to -22.0 (-18.3 expected) in August; Income and economic expectations showed noticeable losses and the willingness to buy also fell Germany final GDP for Q2 2024 confirmed at 0.1% as expected U.K. CBI realized sales fell for…