Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged
GOLD ANALYSIS & TALKING POINTS Gold prices bounced in early Friday trade Action looks corrective after heavy falls, doesn’t seem backed by a specific event US PCE inflation numbers will be the next big indicator Recommended by David Cottle Get Your Free Gold Forecast Gold Prices managed a little bounce in Friday’s European trade but
Share: USD/JPY has broken above the 149 level. Economists at MUFG Bank analyze Yen’s outlook. Opposition to currency weakness remains firm We continue to see a high chance of intervention but only after a break above the 150 level when there is a higher chance of stops fuelling volatility and ‘disorderly’ price action
© Reuters. The US dollar’s dominance is being threatened by an increasing shift towards yuan-based transactions between Russia and China, as per a recent academic paper co-authored by EBRD’s Chief Economist Javorcik. This development is primarily due to the aftermath of Western sanctions that have driven a commerce surge between the two nations. According to
Mon: German Ifo (Sep), US National Activity Index (Aug), German State CPIs (Sep) Tue: Swedish PPI (Aug), US Consumer Confidence (Sep), New Home Sales (Aug) Richmond Fed (Sep) Wed: Spanish Parliament PM Vote re. Feijoo (TBC), CNB Policy Announcement, BoJ Minutes (Jul); German GfK (Oct), Swedish Consumer Confidence (Sep), EZ M3 (Aug), US Durable Goods
© Reuters. Arthur Hayes, the former CEO of BitMex, has recently conducted an analysis on the potential capital flight from China, following the (CNY) depreciating nearly 15% against the U.S. dollar (USD) this year. The depreciation has ignited speculation about China’s investment strategies in the face of economic instability. Hayes’ analysis was informed by insights
Share: USD/CAD struggles to gain any meaningful traction and oscillates in a range on Monday. Bullish Oil prices underpin the Loonie and act as a headwind amid a modest USD slide. The downside seems limited as traders seem reluctant ahead of the FOMC policy meeting. The USD/CAD pair kicks off the new week
© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Elizabeth Howcroft LONDON – The U.S. dollar was just below a six-month high in early European trading on Friday, having strengthened overnight following U.S. economic data, while the yuan got a boost from better-than-expected Chinese
© Reuters. Investing.com– Most Asian currencies rose on Friday as more stimulus measures and positive economic readings from China helped boost risk appetite, while the dollar traded near six-month highs. China announced another cut to its reserve requirements for local banks, unlocking more liquidity to support a slowing economic recovery. and data also read higher
From China so far today: Buried in amongst that lot (the reference rate post) is the news of another rate cut from the Bank: PBOC sets 14 day RR rate at 1.95% vs. 2.15% previously we haven’t had a 14-dayer in many months Still on the way from China is the economic data for August:
