Amazon’s Holiday-Quarter Forecast Disappoints as Labor, Supply Issues Mount

(Reuters) -Amazon.com Inc on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as heavy spending to maintain delivery operations diminishes the company’s windfall from online shopping.

About Post Author

anycurrency

anycurrency@outlook.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

FXEN NEWS

Tyson Foods (TSN) Q1 earnings miss estimates 2 February 2026

Tyson Foods (TSN) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $1.14 per share a year ago. These figures are adjusted for non-recurring items.

Unity Software (U) plunges toward triple-layer support structure 2 February 2026

Unity Software (U) closed Friday at $29.10 after experiencing one of the most brutal declines I've seen in the gaming engine space. From highs above $50 just weeks ago, U has shed nearly half its value in a relentless downtrend that shows little sign of exhaustion.

Brent: Oil prices surge amid geopolitical tensions – Deutsche Bank 2 February 2026

Deutsche Bank's report by Henry Allen, Macro Strategist and Jim Reid, Global Head of Macro and Thematic Research, highlights a significant increase in Brent Crude Oil prices, which rose by 16.2% in January 2026, closing at $70.69/bbl.

Gold rebounds after sharp correction, US ISM Manufacturing PMI awaited 2 February 2026

Gold (XAU/USD) stabilises on Monday with dip-buying interest emerging after a sharp correction from last week’s surge to fresh all-time highs near $5,600. At the time of writing, XAU/USD trades around $4,705, recovering after an intraday slide of nearly 10% to over three-week lows near $4,402.

EUR/GBP holds steady as traders stay sidelined ahead of BoE and ECB meetings 2 February 2026

The Euro (EUR) remains range-bound against the British Pound (GBP) at the start of the week, as traders stay on the sidelines and avoid large directional bets ahead of this week’s interest-rate decisions from the Bank of England (BoE) and the European Central Bank (ECB).

JPY: 2026 could be year of Yen – HSBC 2 February 2026

The HSBC report discusses the recent strengthening of the Yen against the US Dollar, which follows a surge in Japanese long-dated bond yields.

GBP: Rally paused ahead of BOE – DBS 2 February 2026

DBS Bank's Group Research report, authored by Philip Wee, highlights that GBP/USD is expected to maintain a dovish bias within a specified range as the market awaits the Bank of England's upcoming meeting.

Pound Sterling Price News and Forecast: GBP targets further gains as BoE, NFP loom 2 February 2026

The Pound Sterling (GBP) accelerated its bullish momentum against the US Dollar (USD), with GBP/USD recording its highest level in four years near 1.3870 before experiencing a late pullback.

WTI Oil tumbles as easing Middle East tensions, steady OPEC+ output weigh 2 February 2026

West Texas Intermediate (WTI) US Oil trades around $61.90 on Monday at the time of writing, down 5.50% on the day. WTI prices remain under pressure as markets react to signs of easing tensions between the United States (US) and Iran, which could alter supply expectations in the global energy market.

HUF: Growth shortfall weighs on prospects – Commerzbank 2 February 2026

Commerzbank's report by Tatha Ghose, analyzes the Hungarian Forint's (HUF) performance amid economic challenges. Despite a recent recovery following a dovish central bank stance, disappointing GDP growth figures raise concerns about the currency's future.

Singapore Manufacturing PMI unchanged at 50.3 in January 2 February 2026

Singapore Manufacturing PMI unchanged at 50.3 in January

Brazil S&P Global Manufacturing PMI fell from previous 47.6 to 47 in January 2 February 2026

Brazil S&P Global Manufacturing PMI fell from previous 47.6 to 47 in January

AUD: Anticipated RBA hike looms – BNY 2 February 2026

Bob Savage, Head of Markets Macro Strategy at BNY, notes the Australian Dollar's potential as the Reserve Bank of Australia (RBA) is expected to hike rates this week due to rising inflation.

EUR/USD treads water awaiting US manufacturing activity data 2 February 2026

The Euro (EUR) has turned negative against the US Dollar (USD) on Monday, and is trading at 1.1845 at the time of writing, despite rather positive data from the Eurozone.

Gold Price Forecast: XAU/USD bounces towards $4,800, remains bearish on the day 2 February 2026

Gold (XAU/USD) is trimming some losses on Monday after the sharp bearish correction witnessed on Friday and Monday’s Asian session. The precious metal has returned to levels near $4,800, trading at $4,766 at the time of writing, but still about 15% below Thursday's highs above $5,600.

USD/JPY: Bank of Japan cautious on hiking – BBH 2 February 2026

According to Brown Brothers Harriman (BBH) analysts, USD/JPY has retraced about 50% of last week’s decline and is trading just under 155.00. The Bank of Japan's recent policy meeting reinforced a cautious hiking bias, with a base case for another rate hike expected at the April 28 meeting.

South Africa Total New Vehicle Sales: 50073 (January) vs 48983 2 February 2026

South Africa Total New Vehicle Sales: 50073 (January) vs 48983

CZK: Critical week for Czech Koruna – ING 2 February 2026

This week is critical for the Koruna as central banks in the CEE region prepare for important announcements. Frantisek Taborsky from ING expects mixed signals from PMIs and inflation data that could influence monetary policy.

AUD/USD: Uptrend faces potential pause – Societe Generale 2 February 2026

AUD/USD broke out of a large base last month, triggering an acceleration in the uptrend.

Gold: $6,000 target remains intact – Deutsche Bank 2 February 2026

Deutsche Bank Research Analyst Michael Hsueh reiterates its bullish outlook on Gold, maintaining a target price of $6,000 per ounce. The report emphasizes that recent price corrections do not indicate a fundamental shift in investor sentiment.

Breaking News

A border inside the UK brings Northern Ireland closer to the republic December 31, 2020 at 05:09PM

A beloved Canadian soy sauce runs out December 31, 2020 at 05:09PM

Britain’s relationship with the EU will look like Switzerland’s December 31, 2020 at 05:09PM

What to expect in 2021 according to prediction markets December 31, 2020 at 05:09PM

Russia menaces Alexei Navalny after he exposed its agents’ ineptitude December 31, 2020 at 05:09PM

The next big thing in retail comes with Chinese characteristics December 31, 2020 at 05:09PM

Jobless Cambodians are catching rats to feed Vietnamese city dwellers December 31, 2020 at 05:09PM

Why Chinese tipplers like Chilean wine December 31, 2020 at 05:09PM

Pakistan has fenced itself off from Afghanistan December 31, 2020 at 05:09PM

Congress injects a further $900bn of stimulus into the American economy December 31, 2020 at 05:09PM

Amazon’s Holiday-Quarter Forecast Disappoints as Labor, Supply Issues Mount

About Post Author

anycurrency

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Nasdaq Hits Record High with Apple, Amazon Results on Deck

Delta Variant, Shortages Severely Restrict U.S. Economic Growth in Third Quarter

Featured widget

Crude Oil Over Crypto

Breaking News

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

ADVERTISEMENT

Related Post

Featured widget