Share: Economists at Rabobank analyze GBP outlook against USD and EUR. Potential for further downside risks to Cable In view of downside risks to global growth, we expect the USD to remain well supported in the coming months as subdued levels of risk appetite underpin safe-haven assets. This suggests potential for further downside
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
The mood is improving as New York trade ramps up. S&P 500 futures are now 11 points higher to 4617. The positive momentum is seeping into commodity currencies, which are broadly higher to start the week. AUD/USD is particularly strong, up 63 pips to 0.6713. It still has some work to do to retrace the