Author: FX
CarMax came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 16.95%. A quarter ago, it was expected that this used car dealership chain would post earnings of $0.64 per share when it actually produced earnings of $0.64, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. CarMax, which belongs to the Zacks Automotive – Retail and Wholesale…
The Euro slips modestly against the British Pound on Friday, despite a weak UK retail sales print.UK retail sales drop 2.7% in May, the sharpest monthly fall since December 2023.EUR/GBP trades near 0.8530, pulling back slightly from recent two-month highs.The Euro (EUR) edges lower against the British Pound (GBP) on Friday, unable to capitalize on disappointing UK retail sales data released earlier in the day. However, the British Pound remains resilient, still drawing support from the Bank of England’s(BoE) decision to keep its key interest rate unchanged on Thursday, which has helped anchor expectations for a cautious policy path ahead.The…
The role of European powers is now more prominent, as Tehran is unwilling to engage with US amid Israeli attacks.Zero enrichment will undoubtedly be rejected, ‘especially now, under Israel’s strikes’.We need to hear E3’s initiative on the nuclear issue. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
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GBP/USD has pulled back up after breaking a trend support earlier this week. Are we looking at an opportunity to jump on a longer-term reversal? We’re taking a closer look at the 4-hour time frame! GBP/USD 4-hour Forex Chart by TradingView In case you missed it, the British pound slipped after the Bank of England (BOE) held rates steady in a 6 to 3 vote, with three members backing a cut. That was seen as a dovish lean, but Governor Bailey’s steady tone helped the pound bounce off its lows. At the same time, talk of possible U.S. involvement in…
The Indian Rupee bounces back to near 86.60 against the US Dollar as the Oil price rally hits a pause.The US stated that it will decide whether to attack Iran directly in the next two weeks.This week, the Fed left interest rates steady and warned of upside inflation risks.The Indian Rupee (INR) snaps a three-day losing streak on Friday, trades higher to near 86.60 against the US Dollar (USD) during the European session. The USD/INR pair corrects after posting a fresh two-month high around 86.93 on Thursday as the Indian Rupee gains, while the Oil price struggles to extend its…
Markets started off steady but turned shaky as central bank decisions and Middle East tensions shook risk appetite. Stocks tumbled, oil spiked, gold wobbled near its lows, and the dollar danced between safe-haven demand and rate hike speculations. Here are headlines you may have missed in the last trading sessions! Headlines: WSJ: Trump privately approved attack plans for Iran but has withheld final order New Zealand GDP for Q1 2025: 0.8% q/q (0.7% forecast, 0.5% previous) Australia employment change for May: -2.5k (15.0k forecast; 89.0k previous); unemployment rate held at 4.1% vs. 4.1% forecast/previous Australian funds cut US Treasury holdings…
Japan's core inflation hits 2-year high, keeps rate-hike bets alive Source link
The Bank of England (BOE) held its Bank Rate unchanged at 4.25% in June, as widely expected. However, the vote split revealed more dovishness than anticipated, with three of nine Monetary Policy Committee (MPC) members voting for an immediate 25 basis point cut to 4.0%. Governor Andrew Bailey maintained that “interest rates remain on a gradual downward path” but emphasized the world is “highly unpredictable,” citing escalating Middle East tensions and rising oil prices as key concerns. The central bank expects inflation to remain around 3.5% for the remainder of 2025 before falling back toward the 2% target next year.…
The Complex Pairs MT4 Indicator helps traders track the movement of several related currency pairs on one chart. This feature is especially useful for those who trade pairs like EUR/USD and GBP/USD or USD/JPY and EUR/JPY, where price movements are often connected. Instead of opening multiple windows, users can now spot connections and price behavior differences from a single view. Spot Divergences and Confirm Signals This indicator is not just about showing extra lines on a chart—it helps traders confirm entries and exits. By comparing how two or more pairs are moving, it becomes easier to catch early signs of…