Author: FX
Zillow stock surges after getting double-upgrade at BofA to Buy Source link
US Dollar Talking Points:The US Dollar started the year with a subtle show of strength but that was soundly rebuked on Friday after the release of PMI numbers.The big US driver for this week is CPI which is set to be released on Thursday. Markets are looking for a move down to 6.5% for headline CPI and 5.7% for Core CPI, from prior reads of 7.1% and 6%, respectively.Last month’s inflation came out well-below expectations, but still triggered a strong sell-off in stocks that continued through the FOMC rate decision taking place a day later.The analysis contained in article relies…
© Reuters. FILE PHOTO: A Lululemon store in the CF Toronto Eaton Centre shopping mall in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio By Granth Vanaik (Reuters) -Lululemon Athletica Inc said on Monday it expects holiday-quarter gross margins to decline as the apparel maker grapples with increased costs amid a drop in consumer spending due to stubbornly high inflation. The yoga pant maker’s shares fell about 10% to $296.40 in premarket trading. A sharp rise in inventory levels has forced several retailers to offer discounts and mark down prices to clear excess stock, a move that has dented margins…
<ul><li>Prior was -1.4% (revised to -5.3%)</li><li>Residential +13.7% vs -10.3% prior</li><li>Nonresidential +14.9% vs +5.5% prior</li></ul><p>The value of building permits in November rose 14.1% to $11.0 billion after two months of declines.</p> This article was written by Adam Button at www.forexlive.com. Source link
GBP/USD retests mid-1.21s. Economists at Scotiabank expect the pair to extend its advance toward the mid/upper 1.22s. Dip under 1.2080/75 to open up a retest of 1.1950/00 “A strong close on the session Friday (bullish outside range) and a close back above the 200-day MA (1.2014) are clearly GBP positive from a technical point of view.” “Spot is struggling a little to extend through the mid-1.21s, which may be an early warning that gains may not stick but the basic set-up for the Pound is positive and favours near-term gains to the mid/upper 1.22s at least.” “Support is 1.2075/80; weakness…
Demo trading is part of the process of becoming a consistently profitable forex trader. It’s there to help us become the traders we want to be without risking a dime. It’s there to help practice proper discipline and strict risk management rules. Most importantly, demo trading helps provide the needed experience in different market environments for each trader to find his trading niche. But how do you know when you’re ready to let go of the training wheels and start trading with real money? Here’s a nice little trading experience checklist, where your answer to each question MUST be an unequivocal, resounding,…
“The fourth quarter of 2022 was another record quarter for Akoya, demonstrating our continued business momentum and commercial execution. In 2022, we delivered strong financial performance and saw growing adoption of our spatial biology platforms across the discovery, translational, and clinical markets,” said Brian McKelligon, Chief Executive Officer. Source link
GBP/USD – Prices, Charts, and AnalysisUS ISM data suggest the US economy is contracting.GBP/USD rallies but Sterling is not the driver of the move. Recommended by Nick Cawley Download our brand new Q1 GBP guide Economic activity in the services sector contracted in December for the first time since May 2020, according to the Institute for Supply Management, suggesting that recessionary pressures are building in the US. The report, released last Friday, showed the headline figure fall to 49.6 from a prior 56.5, while business activity fell by 10 points to 54.7. The numbers suggest the US economy is heading…
<ul><li>Prior 6.5%</li></ul><p style="" class="text-align-justify">Euro area unemployment keeps steady in November, suggesting that labour market conditions are still fairly solid despite rising risks of a recession.</p> This article was written by Justin Low at www.forexlive.com. Source link
CME Group’s flash data for crude oil futures markets noted traders extended the uptrend in their open interest positions and added around 13.2K contra Source link