Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, net revenue grew 19%, boosted
Month: December 2020
USD/JPY hits fresh lows, even as Wall Street away from lows. US 10-year yield falls to 0.87%, lowest since December 1. The USD/JPY dropped further and bottomed at 103.82, reaching the lowest level in a week. As of writing it trades at 103.90/95, down 20 pips for the week. The Japanese currency is among the top
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EUR/GBP trades to its highest levels since 23 September The pair is posting fresh highs in over two months as the pound slides on the session on the back of more Brexit angst and jitters in trading this week. Cable is posting fresh lows for the week, nearing 1.3200 and EUR/GBP is seen gaining towards
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Cottonseed oil cake prices on Friday declined by Rs 4 to Rs 2,048 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. On the National Commodity and
Accelerating rally in iron ore prices pushes Australian broadly higher today, on the back of steadily firm risk sentiment. The Aussie is currently the strongest one for the week, followed by New Zealand Dollar, while Canadian is not far away, with help from oil prices. Sterling remains the worst one, on the “strong possibility” of
American homeowners are $1 trillion richer as the pandemic-driven housing boom pads their pockets. As prices rise, home equity multiplies. In the past year, homeowners with mortgages, representing about 63% of all properties, have seen their equity increase by 10.8%, according to CoreLogic. That equates to a collective $1 trillion in gained equity, or an
USD/CHF wavers around the lowest since January 2015. Nearly overbought RSI conditions suggest pullback inside bearish chart pattern. May 2014 low can lure the bears during further downside. Following its drop to the fresh multi-month low of 0.8851, USD/CHF seesaws near 0.8855, down 0.15% intraday, ahead of Friday’s European session. In doing so, the quote
Trendline support at 0.8849 stalls the fall The USDCHF fell to another new low going back to January 2015 today, cracking below the low from yesterday at 0.88704 in the process. The low price extended to 0.88513. That low, however, found dip buyers ahead of a lower trend line on the hourly chart at 0.8849,
US monthly budget deficit for November 2020 US monthly budget deficit for November 2020 came in at $-145.5 billion vs. an estimate of $-198.5 billion November 2019 deficit came in at $-209 billion US fiscal 2021 year-to-date deficit -429 billion vs. 343 billion in fiscal 2020 budget outlays came in at $365 billion vs. $434
Massachusetts-based insurance firm MassMutual just announced that it has purchased $100 million in Bitcoin for its general investment account. According to a report from The Wall Street Journal, the company purchased the coins — purportedly 5,470 Bitcoin (BTC) given the current price of $18,279 — through New York-based fund management company NYDIG. MassMutual also reportedly
Oil surged above $50 a barrel on Thursday for the first time since early March as hopes of a faster demand recovery after the release of COVID-19 vaccines offset a huge rise in U.S. crude inventories that showed there was still ample supply available. Britain began vaccinations this week and they could start as soon
Dollar falls broadly in early US session after much worse than expected jobless claims data, confirming the impact of the current wave of coronavirus pandemic. Yen is not far behind for now as second weakest. But Sterling is also facing some selling pressure on Brexit impasse. Commodity currencies are currently the strongest ones, as led
The pace of weekly jobless claims jumped last week after filings caught up with a decline due in part to the Thanksgiving holiday. First-time claims for unemployment insurance totaled 853,000, an increase from the upwardly revised 716,000 total a week before, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been expecting 730,000.
AUD/USD continues to push higher during American trading hours. Renewed hopes for a US stimulus deal is boosting market sentiment. US Dollar Index stays in negative territory below 91.00. The AUD/USD pair extended its daily rally during the American trading hours and touched its highest level since June 2018 at 0.7528. As of writing, the
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