News

Published: July 12, 2022 at 9:34 a.m. ET Spanish banks fell sharply on Tuesday after the Spanish government reportedly announced a temporary tax on financial institutions and power companies to help individuals cope with high inflation and power bills. Shares of Bano de Sabadell and CaixaBank each fell over 8%, while BBVA and Banco Santander […]

Walmart Inc. WMT, +0.04% said Tuesday it is purchasing 4,500 all-electric delivery vehicles from Canoo Inc. GOEV, -8.14% for use in last-mile delivery. The news sent shares of Canoo up 67% in premarket trade. Walmart is also purchasing an option for up to 10,000 more units, as part of its goal of zero-emissions by 2040. […]

EURUSD, “Euro vs US Dollar” EURUSD continues falling inside the bearish channel. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 1.0095 and then resume moving downwards to reach 0.9745. Another signal in favour of a further downtrend will be […]

USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Harami reversal pattern close to the support level, USDCAD may reverse in the form of another ascending impulse. In this case, the upside target may be the resistance area at 1.3125. Later, the market may break this level […]

Dollar General Corp. said Tuesday its Chief Executive Todd Vasos is planning to retire on November 1. The board has approved the promotion of Chief Operating Officer Jeffery Owen as his replacement. Vasos will remain in a senior advisory rule starting Nov. 1 and continuing through April 1 of 2023. Owen has been COO since […]

Metals Heading Lower as USD Rallies The metals complex is looking vulnerable to a further drop lower this week as both gold and silver start the week under offer. Resurgent strength in USD on the back Friday’s bumper jobs report reflects the re-sharpened focus on hawkish Fed expectations. With traders now widely anticipating a further […]