Stocks making the biggest moves premarket: Lowe’s, Target, Krispy Kreme and others
Check out the companies making headlines before the bell: Lowe’s (LOW ) – The home improvement retailer reported an adjusted quarterly profit of $4.25 per share, beating the consensus estimate of $4.01. Revenue beat forecasts, and the same-store sales decline...
EURJPY Testing Critical Support, Neutral Outlook Under Threat
EURJPY is testing its March low of 128.28, slipping just below it on Tuesday and earlier today. The pair has now retraced the entire upleg between March and June, and although the long-term uptrend that’s been in progress since May...
RBNZ Left OCR Unchanged Amidst Latest Lockdown. Hawkishness Maintained
To everyone’s surprise, the RBNZ left the OCR unchanged at 0.25% in August. The decision was made in light of the renewed New Zealand’s lockdown after a report of one coronavirus case. Policymakers, however, maintained a hawkish stance, suggesting that...
Elliott Wave View: Oil (CL) Has Scope To Extend Lower
Short-term Elliott wave view in Oil (CL) suggests that cycle from July 6 peak is unfolding as a double three Elliott Wave structure. Down from July 6 high, wave (W) ended at 65.01 and rally to 74.30 ended wave (X)....
Kiwi Jitters after RBNZ Stands Pat, Euro Weakening
Commodity currencies recover mildly in Asian session but remain the worst performing ones for the week. Markets seemed to have priced in RBNZ standing pat well already. New Zealand Dollar recovered very quickly after initial spike following the announcement. On...
Dow futures fall slightly after 30-stock average snaps 5-day winning streak
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 9, 2021. Andrew Kelly | Reuters Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day...
Homebuilder sentiment falls to lowest level in over a year as buyers face sticker shock
The price of lumber has fallen sharply in the last few months, but apparently that has not been enough to take the pressure off homebuilders. Sentiment among single-family homebuilders dropped 5 points to 75 in August on the National Association...
OPEC+ Shuns US Request, Gold Eyes $1,800
Oil under pressure even as OPEC+ shuns US request Oil prices coming under further pressure on Tuesday after rebounding off its lows once more at the start of the week. This came after OPEC+ sources claimed the group sees no...
US: Retail Sales Decline in July as Consumers Shift from Goods to Services
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Retail sales drop worse-than-expected 1.1% in July as rising Covid fears hit consumers
Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up. Retail sales for the month fell 1.1%, worse than the Dow...