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Currencies: The U.S. dollar is getting crushed — thank the Fed

The U.S. dollar fell sharply versus major rivals Thursday, after the Federal Reserve's reassurance that it won't be soon tapering its bond purchases gave bears a green light to sell the currency......»»

Category: topSource: marketwatchDec 17th, 2020

Its leash lengthened, China"s yuan flirts with trade war role

China, having let the yuan cross the once sacred red line of 7 per dollar, will allow its currency to fall further and may even risk U.S. anger by using it as a bargaining chip in already thorny trade talks, market participants believe......»»

Category: topSource: reutersSep 26th, 2019

The Battle Line

FEEDIt’s rather amazing how much power the line at about 2915 has. You can almost see the bulls and bears getting shoved from one side to the other, and each time for reasons wholly unexpected and swiftly realized......»»

Category: blogSource: slopeofhopeAug 13th, 2019

3 Reasons Bitcoin Is Turning Into A Global Safe-Haven For Investors

Authored by Horus Hughes via CoinTelegraph.com, China’s recent currency devaluation seems in line with similar policies taki.....»»

Category: blogSource: zerohedgeAug 8th, 2019

Futures Movers: Oil bears ease off the selling as stock markets gain on China trade, currency developments

Oil prices, which plunged into a bear market this week, put up a modest recovery in Thursday action, tracking mild gains for global stock markets as upbeat news emerged from China......»»

Category: topSource: marketwatchAug 8th, 2019

Treasury Department declares China a currency manipulator

The U.S. Treasury Department designated China as a currency manipulator on Monday afternoon, after the yuan's value against the dollar fell below a "line in the sand" and intensified trade tensions.....»»

Category: topSource: marketwatchAug 5th, 2019

XPO Posts Lower Second-Quarter Revenue, Scales Back Top-Line For Year

XPO Logistics, Inc. (NYSE: XPO) reported Thursday a year-over-year decline in second-quarter revenue, and scaled back its top-line forecast for the year due to the impact of lower truckload brokerage rates and unfavorable currency .....»»

Category: earningsSource: benzingaAug 1st, 2019

XPO Posts Lower Second-Quarter Revenue, Scales Back Top-Line For Year

XPO Logistics, Inc. (NYSE: XPO) reported Thursday a year-over-year decline in second-quarter revenue, and scaled back its top-line forecast for the year due to the impact of lower truckload brokerage rates and unfavorable currency swings. read more.....»»

Category: blogSource: benzingaAug 1st, 2019

Market Extra: Why 7 is the ‘line in the sand’ everyone’s watching when it comes China’s yuan

It’s all about China’s currency and what many investors and economists have dubbed a “line in the sand” or a “magic number” at seven yuan-per-dollar......»»

Category: topSource: marketwatchJun 18th, 2019

Will People Trust Facebook Enough to Use Its New Digital Currency?

Facebook on Tuesday announced a new digital wallet and digital currency to put in that wallet. Will consumers fall in line?.....»»

Category: blogSource: 247wallstJun 18th, 2019

EUR/USD: Bears Set To Take Over

EUR/USD  has dropped a tad below 1.1200 in the wake of the EU elections. Mainstream parties lost ground, but the votes went to both centrist and populist parties alike. The four-hour chart portrays a positive outlook for the currency pair. read more.....»»

Category: blogSource: benzingaJun 13th, 2019

Currencies: British pound extends skid as Brexit plan unravels, intensifying calls for May’s ouster

The British pound adds to its losses against major rivals on Thursday, with some bears raising the remote possibility that U.K. Prime Minister Theresa May’s Brexit struggles could drag Britain’s currency to parity with the buck......»»

Category: topSource: marketwatchMay 23rd, 2019

Why a Weaker Yuan Risks Inflaming the U.S.-China Trade War

China’s management of its currency, the yuan, is under fresh scrutiny after recent weakening brought it back into focus in the U.S.-China trade war. The yuan slid closer to 7 to the dollar, a line it hasn’t crossed in more than 10 years, just as .....»»

Category: topSource: washpostMay 20th, 2019

EUR/USD: Bears Are In Full Control

EUR/USD remains depressed as the US and China draw further apart. Tension towards the European elections also weigh. The technical outlook is bearish for the currency pair. read more.....»»

Category: blogSource: benzingaMay 20th, 2019

Will Passenger Revenues Boost Azul"s (AZUL) Q1 Earnings?

Strong demand for air travel might aid Azul's (AZUL) top line in first-quarter 2019. However, unfavorable foreign currency movements may hurt results. .....»»

Category: worldSource: nytMay 6th, 2019

Factors Likely to Shape Colgate"s (CL) Q1 Earnings Outcome

Colgate's (CL) growth efforts make us confident that it will likely retain the robust bottom-line surprise trend. However, soft margins and adverse currency m.....»»

Category: smallbizSource: nytApr 22nd, 2019

Bulls And Bears Of The Week: Abbott Labs, Chevron, CVS, United And More

Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included a leading airline and a pharmaceutical giant. And bearish calls included cruise line operators and two retailers. read more.....»»

Category: blogSource: benzingaApr 20th, 2019

Bulls & Bears Of The Week: Carnival, Comcast, Mosaic, Nokia, Tesla And More

Benzinga has examined prospects for many investor favorite stocks over the past week. Bullish calls included a leading cruise line operator and a refreshed media outfit. And bearish calls included leaders in media and electric vehicles. read more.....»»

Category: blogSource: benzingaMar 30th, 2019

What You Need to Know About IBM"s First Quarter

Big Blue rode currency exchange tailwinds to strong sales, though the very same effects also undermined the bottom line via higher operating expenses. The tax man also made a splashy appearance again......»»

Category: topSource: foxnewsApr 18th, 2018

Argentina seeking credit line from IMF

President Mauricio Macri says Argentina has begun talks with the International Monetary Fund about a credit line following sharp devaluation of its currency......»»

Category: topSource: foxnewsMay 8th, 2018