We’re Hiring, Part-time heroes wanted, sign at entrance to Target Store, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images The unemployment rate among Black Americans jumped in March, according to data released Friday by the Department of Labor. Black unemployment rose to 6.4% last month, up from 5.6% in February. That’s
Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021. Vcg | Visual China Group | Getty Images Apple iPhone manufacturer Foxconn on Friday posted a dip of 9.6% in revenue for the first quarter of 2024, compared to the same period last year. The company, which trades as Hon Hai Precision
USD/CAD may find an immediate resistance area around the weekly high of 1.3588 and psychological level of 1.3600. A break above March’s high of 1.3614 could lead the pair to meet the major barrier of 1.3650. The immediate support appears at 1.3550, followed by the 50-day EMA at 1.3522. USD/CAD extends its gains for the
Japan’s Nikkei 225 is trading down -2.42% on the day and that is on pace for its worst declining day since December 20, 2022. Declines come on the back of selling in the US stocks yesterday. After earlier gains in the day on Thursday, the S&Pm, Dow and NASDAQ indices all retreated by over -1.23%
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
Gold and silver prices took a breather on Friday after hitting lifetime highs in the previous session as investors looked to book profits in bullion ahead of the US jobs data later today. On MCX prices fell taking cues from trends in the international market. Moreover, an uptick in the dollar index (DXY) also acted
Japanese Yen rebounded broadly in Asian session today, shot up by comments from BoJ Governor Kazuo Ueda regarding the conditions for future interest rate hikes. Ueda’s discussion, while not immediately setting the stage for rate increases, could be taken as a sign to prepare the markets for such a possibility. Importantly, he underscored that an
A person works on a Bowlus recreational vehicle at Bowlus’ factory in Oxnard, California, Feb. 23, 2024. Timothy Aeppel | Reuters The March nonfarm payrolls count likely will indicate hiring continuing at a solid pace, though some weakening foundations of the labor market could take greater focus when the Labor Department releases its key report
Mexican Peso is slightly up versus the US Dollar on cautious trading as Consumer Confidence deteriorates. Decrease in Mexico’s Consumer Confidence and Manufacturing PMI slowdown highlight challenges amid Banxico’s rate adjustments. Remittances remain a key support for the Peso, overshadowing near-shoring gains amid broader economic considerations. The Mexican Peso prints minuscule gains against the US
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Goldman Sachs provides insights into the upcoming US jobs report for March, forecasting a 215k increase in payrolls and a decrease in the unemployment rate to 3.8%. This outlook surpasses the consensus expectation of a 200k rise in payrolls. The forecast attributes the anticipated job growth to factors such as heightened immigration levels, positive trends
Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and geopolitical tensions. Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT (1615 GMT). U.S. West Texas Intermediate (WTI) futures for May fell by 57 cents, or 0.7% to $84.86 a barrel.
Swiss Franc faced broad selling pressure in European session, driven by CPI lower than CPI data. Inflation in Switzerland slowed to its lowest since September 2021 at 1.0%, and remained within the SNB’s target range for the tenth consecutive month. This development sparked speculation among market participants about the possibility of further monetary easing by
A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday. The monthly rise
Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Images ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenues. The firm
Here is what you need to know on Thursday, April 4: The US Dollar (USD) came under renewed selling pressure on Wednesday and the USD Index closed the second consecutive day in negative territory. S&P Global will release revisions to Services PMI data for Germany, the Eurozone and the UK on Thursday. Later in the
Crude oil futures are settling at $85.43. That is up $0.28 or 0.33%. The high price for the day reached $86.20. The low price was at $84.85. The weekly inventory data showed that crude oil stocks showed a build of 3.210 million barrels. The expectations was for a draw of -1.511 million barrels. Gasoline stocks
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