In this article SG Follow your favorite stocksCREATE FREE ACCOUNT People dine outside a Sweetgreen in Manhattan. Jeenah Moon | The Washington Post | Getty Images Sweetgreen shares surged 35% on Friday after the company topped Wall Street’s revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG
USD/JPY climbs after worse-than-expected US consumer sentiment data. Recession fears reignited as Americans became less optimistic about the economy. A jump in US inflation expectations underpins US yields and the Greenback. The USD/JPY advanced steadily during the North American session, following a worse-than-expected University of Michigan (UoM) poll that showed that American consumers are becoming
In the kickstart video for April 10, I take a look at three of the major currency pairs from a technical perspective – the EURUSD, USDJPY and GBPUSD. In this report, I also take a quick look at the USDCAD after it’s stronger than expected April jobs report which showed a gain of 90.4K –
The Canadian labour market data beat expectations across the board with the market now seeing basically a 50/50 chance of a rate cut in June. Is this a major change though? Not at all. The gamechanger will likely be the CPI report due on May 21st when we will know if the BoC will indeed
Akshaya Tritiya, which is on May 10, has always seen fervent gold purchases stemming from the belief that investments made on this day would never diminish, thus bringing everlasting prosperity. Over the past three to four months, gold prices have shown significant volatility, experiencing roller coaster-like movements. The precious metal has surged approximately 20%, hitting
Canadian Dollar surges in early US session after much stronger than expected job data that blew past market expectations. The Loonie is taking over Sterling’s position as the best performer of the day, with the latter lifted slightly by strong UK GDP data. At the same time, Dollar is also strengthening slightly against others, but
Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in London, on May 9, 2024. The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images Semiconductor Manufacturing International Corporation on Friday warned of intense competition in the chip
EUR/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe. The key resistance level will emerge in the 1.0790–1.0800 zone; the first downside target is located at 1.0724. The EUR/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The downtick
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The price of 10 grams of gold is off by nearly Rs 3000 or 4% from its lifetime highs and gold lovers now have an opportunity to buy the yellow metal on the auspicious occasion of Akshaya Tritiya which will be celebrated on May 10, Friday. An investment now could earn between 7% and 19%
Yen continues to underperform as the worst for the week at this point, even in face of Japan’s verbal interventions. As Yen breached 155 mark against Dollar again, Japanese Finance Minister Shunichi Suzuki reiterated his concerns over the detrimental impacts of a weakening Yen and promised a “thorough response” in the forex markets. Despite these
Jobseekers during a Construction Career Fair at Cape Fear Community College in Wilmington, North Carolina, US, Wednesday, March 15, 2023. Allison Joyce | Bloomberg | Getty Images Initial filings for unemployment benefits have hit their highest level since late August 2023, a potential sign that an otherwise robust labor market is changing. Jobless claims totaled
We always say we love companies that are serial repurchasers of their stocks. That’s because as outstanding share counts go down, investors don’t have to do anything to get baked-in returns and own larger and larger pieces of the companies. Apple ‘s latest $110 billion stock buyback authorization is the granddaddy of them all —
Canadian Dollar propped up by broad-market, risk-on sentiment. Canada has a resilient financial system, says BoC Macklem. Canadian labor numbers slated to print on Friday. The Canadian Dollar (CAD) found some bids on Thursday after investors’ risk-appetite stepped up, bolstering markets out of safe-havens like the US Dollar (USD). The Greenback is broadly softer on
Crude oil has been on a steady downtrend since the end of the retaliations between Iran and Israel that eventually marked the top in the geopolitical risk premium. The selloff continued as we got some noise from the cease-fire negotiations between Israel and Hamas. More recently, we started to get news about speculations that OPEC+
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not