Author: FX
Share: USD/CAD fades bounce off one-week low after snapping two-day downtrend, sidelined of late. WTI crude oil dropped the most in four weeks amid mixed sentiment. Mixed US data, month-end consolidation and cautious mood before US Senate’s voting on debt ceiling deal prod US Dollar bulls. Canada Q1 GDP, US employment and activity clues should be eyed on calendar. USD/CAD retreats to 1.3600 during early Wednesday’s Asian session, fading the previous day’s rebound from 1.3567 and easing from 1.3613, as it braces for the key growth numbers from Canada. Also challenging the Loonie pair could be the anxiety…
koto_feja Sportsman’s Warehouse Holdings (NASDAQ:SPWH) reported same-store sales decreased 17.8% in Q1. The net sales decrease was primarily due to lower sales demand from weather-related headwinds in the Western United States leading to decreased outdoor participation, consumer inflationary pressures and recession concerns, partially offset by the opening of 11 new stores since April 30, 2022 Gross profit came in at 29.9% of sales vs. 32.0% of sales a year ago. The decrease as a percentage of sales was primarily driven by changes in product mix and reduced product margins in our ammunition category. Adjusted EBITDA was -$5.6M vs. $12.9M year…
CRUDE OIL FORECAST:Oil plummets, sinking more than 4% to its lowest level since early MayConcerns about the energy market outlook, coupled with OPEC+’s internal strife, weigh on pricesThis article looks at key WTI technical levels to watch in the coming days Recommended by Diego Colman Get Your Free Oil Forecast Most Read: USD/CAD Price Forecast – Acceptance Above 1.3650 Needed for Bullish ContinuationCrude oil prices (WTI futures) plunged on Tuesday, falling more than 4% to $69.65 per barrel, undermined by heightened uncertainty over demand prospects amid increasing global headwinds, including slowing growth, rising rates and OPEC+ infighting.While the removal of…
© Reuters. FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, arrives at the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli By Luc Cohen NEW YORK (Reuters) – U.S. prosecutors on Monday said they opposed a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers to plug losses at his hedge fund. Bankman-Fried, the 31-year-old founder of FTX Trading, has pleaded not guilty in Manhattan federal court to 13 counts of fraud,…
No doubt you know how a secure password looks like – capital and lowercase letters, numbers and special characters. If you’ve been unaware of this rule, then share your email and current password in comments below – we will help you to think of a stronger password. Disclaimer: of course, this is a joke and please, please, please do not leave a comment with your personal info. But cybersecurity is a conspicuous topic nowadays, and cybersecurity companies are on horseback. One of them is CrowdStrike Holdings, which has already experienced a 40% growth since the beginning of the year. And…
Share: Oil price has weakened as investors start to fear the deal to extend the debt ceiling may be derailed by Congress. Mixed messages from OPEC+ members further confuse the market – next meeting is June 4. Odds still favor a rate hike from the Fed at their next meeting, putting downward pressure on Oil. Oil price slides lower on Tuesday as investors question whether the debt-ceiling deal will get voted into law. At least two rebel Republicans and one Democrat have voiced their disapproval and may vote against the deal. If the US defaults on its obligations,…
USD/CAD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter MOST READ: Gold Price Forecast: 100-Day MA Provides Support as Gold Eyes RecoveryThe Loonie has put in some gains against the Greenback this morning helped by US dollar weakness. The loonie looks like it could be vulnerable to further losses as hawkish re-pricing of the Fed rate hike probabilities for June threaten to keep the US dollar supported.WTIs STRUGGLE, OPEC MEETING AND LOOK AHEADWTI continues to struggle holding onto gains which has also…
Michael Vi/iStock Editorial via Getty Images Cloud software provider MongoDB (NASDAQ:MDB) is slated to report first-quarter results on Thursday after the close of trading and the quarterly figures could put Wall Street’s estimates to “shame,” according to investment firm Monness, Crespi, Hardt. Analyst Brian White, who rates MongoDB (MDB) shares neutral, is expecting the company to earn 47 cents per share on $372M in revenue, well above the consensus estimate of 19 cents and $347.04M. “We believe Street estimates defy logic, presenting the opportunity for MongoDB to handily trounce analyst projections,” White wrote in an investor note. White added that…
© Reuters. Florida Governor Ron DeSantis pauses as he speaks during the Florida Family Policy Council Annual Dinner Gala, in Orlando, Florida, U.S., May 20, 2023. REUTERS/Marco Bello By James Oliphant DES MOINES, Iowa (Reuters) – Florida Governor Ron DeSantis, following his presidential campaign debut online, will dive into old-school retail politicking in key early voting states this week, his first chance to connect with voters since announcing his bid for the 2024 Republican nomination. DeSantis will campaign in Iowa for two days and then move on to New Hampshire and South Carolina on a tour that will be closely…
Novak endured a bit of a fiasco last week as seen here, but the latest headline above shouldn’t be anything too noteworthy. In any case, this does tee up a reminder to the upcoming OPEC+ meeting on 4 June. That will be a weekend risk for oil traders, so just a bit of a heads up. Source link