Initial filings for unemployment insurance ticked higher last week but remained generally low in a tight labor market. Jobless claims for the week ended March 25 totaled 198,000, up 7,000 from the previous period and a bit higher than the 195,000 estimate, the Labor Department reported Thursday. Though the number was slightly higher than expectations,
Month: March 2023
In this article EVGO Follow your favorite stocksCREATE FREE ACCOUNT U.S. Secretary of Transportation Pete Buttigieg looks at an EVgo charging station during an electric vehicles event outside of the Department of Transportation October 20, 2021 in Washington, DC. Drew Angerer | Getty Images EV charging network operator EVgo on Thursday reported fourth-quarter revenue that
Share: GBP/USD was last up 0.65% at 1.2391 having traveled between a low of 1.2293 and 1.2392 putting the pair on track for its biggest monthly gain since November, as concerns among investors over the banking sector dwi9ndled and dented the safe haven US Dollar. Read More… Further losses in the greenback allow GBP/USD to pick up extra pace and reach
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Gold prices inched lower on Thursday as the U.S. dollar firmed, while easing concerns about the global banking system slowed safe-haven flows into bullion. FUNDAMENTALSSpot gold was down 0.2% at $1,960.68 per ounce, as of 0103 GMT. U.S. gold futures fell 0.3% to $1,962.10. The dollar index was 0.1% higher, making bullion less affordable for
Euro is on the rise today, pulling Sterling and Swiss Franc along with it. Slightly higher-than-expected German inflation data is sparking speculation of a potential upside surprise in Eurozone CPI tomorrow. This development, coupled with recent hawkish rhetoric from ECB officials, suggests further tightening are on the horizon, provided banking troubles don’t resurface. Dollar and
On the daily chart below for XTIUSD, we can see that after breaking out of the 3 month-long range, the sellers piled in aggressively dragging the price to the $64 price zone. This is where we got a bounce. The current rally may be due to the easing in fears around the banking sector and
European indices are keeping gains near 1% while S&P 500 futures are up 16 points, or 0.4%, and that is helping with the overall mood in markets so far. In turn, the dollar is the laggard but the losses aren’t really too overwhelming. EUR/USD is up 0.2% to 1.0860 levels but is in the hunt
In this article PL Follow your favorite stocksCREATE FREE ACCOUNT The New York Stock Exchange welcomes Planet (NYSE: PL), on Wed. Dec. 8th, in celebration of its listing. To honor the occasion, Will Marshall, Co-Founder & CEO, and Robert Schingler Jr., Co-Founder & Chief Strategy Officer, joined by Stacey Cunningham, NYSE President, ring The Opening
Share: Silver gains strong positive traction on Thursday and touched its highest level since early February. The technical setup favours bullish traders and supports prospects for a further appreciating move. A convincing break below the $22.00 mark is needed to negate the near-term constructive outlook. Silver catches fresh bids on Thursday, following the previous day’s
Hollywood star Matt Damon has finally opened up on why he appeared in cryptocurrency exchange Crypto.com’s infamous “Fortune Favors the Brave” advertisement, which was once the subject of relentless mockery. Speaking to the Associated Press on March 27 at the premiere of his new film, Damon appeared somewhat abashed as he explained his reason for
Oil steadied in early Asian trade on Thursday as a surprise draw in U.S. crude oil stockpiles that supported prices was offset by a smaller-than-expected cut to Russian supplies and stronger dollar. Brent crude futures were unchanged at $78.28 a barrel at 0020 GMT. West Texas Intermediate U.S. crude fell 6 cents, or 0.1%, to
In the quiet Asian session, Canadian Dollar continues to outperform, while positive risk sentiment is providing a slight boost to Australian Dollar, though not New Zealand Dollar. Euro is drawing support from hawkish remarks by ECB officials but lacks strong follow-through buying. Yen, Swiss Franc, and Dollar remain the weaker currencies this week, reflecting overall
On the daily chart below, we can see that after the big and fast rally caused by the Silicon Valley Bank collapse and the fall in real yields, gold has entered a consolidation near the previous top. We can also notice that the price is diverging with the MACD, which is generally a signal of
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In this article WBA Follow your favorite stocksCREATE FREE ACCOUNT A man walks near a Walgreens pharmacy on March 09, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Walgreens Boots Alliance on Tuesday said its quarterly profit declined more than 20%, driven by sharply lower Covid vaccine volumes and test
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