Day: May 10, 2022
Some stabilization in risk demand after yesterday’s sell-off is helping currencies correlated with economic growth expectations (high-beta currencies) to regain some of what they lost yesterday. Against this backdrop, the dollar’s rally is being thwarted, but any correction lower could be met with strong support as the Fed has taken a major lead in the […]
CIBCFX FlowsEarly birds paid $YEN up to 130.575, no headlines, one Japanese friend said to me he saw US banks hitting the offers. I believe the move could be due to the positive start in the US equity futures. Things turned sour, e-minis pared gains and $YEN reversed back. Demand for the Tokyo fix cushioned […]
????Peloton Plummets!????Peloton stock is set to open -26% after reporting a deeper than expected loss in its latest earnings report. The company also cut revenue guidance and CEO Barry McCarthy warned that they are “thinly capitalized.” The stock has had a difficult year so far, with the price in January falling below its IPO price […]
Shares of RealReal Inc. REAL, -4.34% jumped more than 9% in the extended session Tuesday after the e-commerce retailer of secondhand luxury goods reported quarterly sales that topped expectations, reiterated its guidance for the year, and said it could benefit from inflation hitting new luxury goods. RealReal said it lost $57 million, or 61 cents […]
Shares of Allbirds Inc. BIRD, -8.32% fell fell more than 16% in the extended session Tuesday after the footwear and apparel maker reported wider first-quarter losses and dialed back its 2022 outlook on what it called a “tumult” disrupting its international business. Allbirds said it lost $21.9 million, or 15 cents a share, in the […]
Washington, D.C. — The Commodity Futures Trading Commission today announced that it has filed a civil enforcement action in the U.S. District Court for the Eastern District of California against Eshaq M. Nawabi of either Salida or Manteca, California and his companies Nawabi Enterprise and Hyperion Consulting Inc. The complaint charges the defendants with fraud […]
Investors are urgently sending Bitcoin into exchanges in order to either de-risk their portfolio or to protect margin positions with more collateral, according to Glassnode’s latest report. 5188 Total views 47 Total shares The number of transactions on the Bitcoin (BTC) network has spiked over the past week, with blockchain analysis firm Glassnode suggesting that […]
Gold futures finished lower Tuesday, as the U.S. dollar’s surge to its highest in two decades took a bite out of prices for the yellow metal. Gold for June delivery GC00, -0.84% [s:GCM22] shed $17.60, or 0.9%, settling at $1,841 an ounce on Comex, a day after the most-active contract booked its lowest settlement value […]
BP is planning to acquire a stake in one of the world’s largest green hydrogen projects from wind and solar energy, in Western Australia. BP plans to acquire a stake of about 30% of the Asian hub of renewable energy with a capacity of 26 gigawatts, The Australian newspaper reported. The project proposes about 14 […]
Gold prices rose during trading on Tuesday, with the dollar retreating from its highest levels in two decades, prompting investors to choose bullion priced in the US currency. This comes at a time when investors are waiting for key US data for clues regarding the Federal Reserve’s stance on raising interest rates. Gold prices ended […]
