Canadian Dollar is firming slightly up in early US session, bolstered by stronger-than-expected Canadian job growth data. Despite the weakness in oil prices following disappointment over OPEC’s production cut decisions, Loonie is displaying resilience. However, in the weekly performance chart, while Canadian Dollar is outshining Australian Dollar, it still lags behind the New Zealand Dollar
Month: December 2023
Elon Musk made some of his boldest claims yet concerning the future of artificial intelligence (AI) during an interview with CNBC’s Andrew Ross Sorkin. During a wide-ranging interview, Musk responded to questions concerning recent lawsuits levied against some of the billionaire’s competitors in the AI space related to alleged copyright infringement. Related: Elon Musk launches
Share: Unemployment Rate increases to 3.8% in Canada in November, the highest since January 2022. Canadian economy adds 24,900 jobs, surpassing expectations of 15,000. Canadian Dollar rises modestly after the report, USD/CAD holds near two-month lows. The Unemployment Rate in Canada rose from 5.7% in October to 5.8% in November, as expected, Statistics Canada reported
Tesla Inc. (TSLA) remains a highly watched stock in the market, with its daily price movements offering significant insights for investors. Equipped with an updated chart featuring detailed price labels, this analysis will integrate these specific price points to offer a refined perspective for both swing traders and long-term holders considering their positions in TSLA.
Prior +15.0K Unemployment rate 5.8% vs. 5.8% expected — highest since January 2022 Prior unemployment 5.7%. Full-time employment +59.6K vs -3.3K last month part-time employment -34.7K vs. +20.8k last month. Participation rate 65.6% vs 65.6% last month. Average hourly wages permanent employees 5.0% vs 5.0% y/ last month This is another good jobs report and
Gold made minor recovery after initial jitters which saw yellow metal slipping in the red in the opening trade on Friday. MCX February gold futures were trading at Rs 62,670, up by Rs 30 or 0.05% from the Thursday closing price. Meanwhile, the March Silver futures were trading at Rs 77,618 per kg, higher by
The competition between Dollar and Euro for the title of the week’s weakest performer remains intense. Current talking point is particularly on ECB, where economists are increasingly predicting an early rate cut following this week’s pivotal inflation data. Goldman Sachs, aligning with this growing consensus, has updated its forecast today, now anticipating ECB to initiate
President Donald Trump praises departing economic adviser Gary Cohn (L) during a Cabinet meeting at the White House, Washington, March 8, 2018. Kevin Lamarque | Reuters The U.S. economy is “back to normal” for the first time in two decades, but the market is getting ahead of the likely pace of interest rate cuts, according
Bitcoin (BTC) returned to $38,000 on Dec. 1 after the November monthly close became its best since April 2022. BTC/USD 1-hour chart. Source: TradingView Bitcoin bears fail to spark monthly close sell-off Data from Cointelegraph Markets Pro and TradingView tracked impressive overnight BTC price performance,which held key support. The close came in at just over
Share: Reserve Bank of New Zealand (RBNZ) Deputy Governor Christian Hawkesby said on Friday, “high and sticky core inflation leaves little room for error.” Additional comments Need to take seriously that some inflation expectation measures have ticked up. New Zealand needs a period of very subdued spending. Vast majority of borrowers able to services their debt at
EURUSD falls to technical barometer near 38.2% retracement The EURUSD pair recently hit a new session low, testing a critical swing area and the 38.2% Fibonacci retracement level, ranging between 1.0878 and 1.0887. The pair’s low touched 1.08829, influenced partly by the Eurozone CPI coming in weaker than expected, which favored the downside. Technically significant,
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OPEC+ members agreed to make 1 million barrels a day of additional oil-supply cuts to go alongside Saudi Arabia’s much-anticipated extension of its voluntary reduction of the same size. Members have agreed to this in principle and it now goes to a vote at the meeting, delegates said, asking not the be named because the
Dollar is staging a broad-based rebound today, driven in part by the selloff in Euro. However, a more significant factor behind Dollar’s recovery appears to be the exhaustion of selling momentum as the month draws to a close. This rebound continues after both headline and core PCE inflation data in US matched expectations, indicating that
Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday. The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on
In this article ULTA Follow your favorite stocksCREATE FREE ACCOUNT Shoppers arrive at an Ulta Beauty store in Las Vegas, Nevada, US, on Monday, May 22, 2023. Ulta Beauty Inc. is scheduled to release earnings figures on May 25. Bridget Bennett | Bloomberg | Getty Images Shares of Ulta Beauty rose in after-hours trading on