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RBNZ’s hawkish surprise saw the Kiwi dollar trade higher through all three sessions yesterday. It also appears to have spurned some profit taking on an (arguably) over-stretched Canadian dollar.
-3.25% - Elders Ltd (ELD.AX) Forex: USD thrown overboard again The dollar was thrown overboard again with the revival of a risk-on appetite, sending the US dollar index (DXY) back near this week’s lows. A break beneath 89.68 assumes bearish trend continuation and marks 90.29 as a new lower high. EUR/USD rallied back above 1.2220 but failed to retest it highs. Whilst momentum is pointing higher, we are monitoring its potential to form a bearish wedge reversal pattern. Early days though. The Canadian dollar was stronger on comments from BOC (Bank of Canada) Governor Tiff Macklem...
Adore Beauty Group Ltd(ASX: ABY) share price on Monday. At one stage, the online beauty retailer’s shares were down as much as 9% to a record low of $3.34. When the Adore Beauty share price hit that level, it meant it was down a disappointing 50% from its October IPO listing price of $6.75. Why is the Adore Beauty share price under pressure? As well as being caught up in an ecommerce selloff along with the likes of Redbubble Ltd(ASX: RBL), a disappointing trading update last week has weighed heavily on the Adore Beauty share price. That update revealed that Adore Beauty achieved revenue of...
Adore Beauty (ASX:ABY) share price plunges 10% on quarterly update Adore Beauty (ASX:ABY) share price plunges 10% on quarterly update The Adore Beauty Group Ltd (ASX: ABY) share price is plummeting today after the company released its quarterly update. Here’s the lowdown. Kerry Sun is a site writer at The Motley Fool Australia. He holds a Bachelor of Commerce, majoring in Finance and Economics. Kerry started his investing and trading journey back in 2014, riding the highs of A2 Milk and lows of Slater and Gordon. Kerry takes a 'techno-fundamental' view on stocks, understanding the importa...
ASX 200 tech shares under pressure after Nasdaq selloff Kerry Sun | May 5, 2021 11:00am | More on: Image source: Getty Images The Nasdaq found itself in deep waters on Tuesday as steep declines in mega cap shares pushed the index as much as 3% lower. Bouncing off intraday lows, the index managed to close 1.88% down for the day. However, the negative sentiment has carried over to ASX 200 tech shares today. Why ASX 200 tech shares are coming under pressure High profile United States tech companies including Another US-listed tech stock to note is Affirm Holdings Inc(...