Latest Market News
Shares of Skechers USA Inc. SKX, -1.86% rallied nearly 8% in the extended session Thursday after the footwear retailer reported fourth-quarter earnings and sales above Wall Street expectations, saying its bet on comfortable styles paid off. Skechers said it earned $402 million, or $2.56 a share, in the quarter, compared with $53.3 million, or 34 […]
USDCHF, “US Dollar vs Swiss Franc” In the H4 chart, after breaking the 200-day Moving Average, USDCHF is trading below it, thus indicating a possible descending tendency. In this case, the price is expected to test 6/8, break it, and continue falling to reach the support at 5/8. However, this scenario may be cancelled if […]
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the asset has formed a Long-Legged Doji reversal pattern close to the resistance level. At the moment, EURUSD is reversing and may form a new correctional impulse. In this case, the downside target may be at 1.1260. However, an alternative scenario implies […]
Factory orders in the United States fell in December, while shipments increased. In December, new orders for American-made goods declined somewhat more than predicted, but manufacturing is still supported by businesses refilling stockpiles. Factory orders fell 0.4 % in December, according to the Commerce Department. Orders increased 1.8 % instead of 1.6 % as previously […]
Oil and gas prices rise with Shell profits in the fourth quarter of 2021 Recorded $6.4 billion Oil and gas prices supported Shell in achieving record profits during the fourth quarter of last year, exceeding analyst expectations, recording $6.4 billion, an increase of 55% from the third quarter of 2021. Shell’s adjusted profit beat the […]
Dollar reversed gains made in the first half of Thursday session with the DXY shedding nearly half a percentage point after EU and UK central banks signaled that they would be catching up with the Fed in terms of policy tightening. The Bank of England raised the rate to 0.5%, however, the fact that 4 […]