Oil prices extended gains on Friday and were on course for a second weekly gain, supported by geopolitical tensions in the Middle East, concerns over tightening supply and expectations about demand growth as economies improve. Brent crude was up 26 cents, or 0.3%, to $90.91 a barrel by 1252 GMT. U.S. West Texas Intermediate crude
admin
In this article LW Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s crew member prepares french fries in Miami, Florida. Getty Images It’s a timeless question at fast-food counters: Do you want fries with that? Responders continue answering affirmatively at a higher-than-average rate, a top potato supplier indicated. It underscores the resilience of consumer spending,
Canadian Dollar drops for second consecutive day amid higher US Dollar. Strong US employment data boosts US Treasury yields, US Dollar. In Canada, strong Ivey PMI data eases downside pressure on Canadian Dollar after disappointing labour figures. The Canadian Dollar (CAD) has regained some ground during Friday’s US trading session. The loonie tumbled on a
EURJPY is looking to test a key target New The EURJPY is following the USDJPY entry into the lower in trading today continuing the decline started in the late US session. Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into
Markets: Gold up $33 to $2323 WTI crude oil up 14-cents to $86.73 US 10-year yields up 8.1 bps to 4.39% S&P 500 up 57 points to 5204 USD leads, CAD lags As we wind down the day, the FX changes are small but that doesn’t tell the whole story. The US dollar jumped 40-50
Gold prices climbed on Friday to hit a fresh record high, as multiple factors including U.S. interest rate cut bets, speculative buying and central bank purchases kept bullion’s record rally active despite strong U.S. job growth in March. Spot gold gained 1.3% to $2,320.04 per ounce, as of 10:57 a.m. EDT (1456 GMT), after hitting
Dollar rises broadly in early US session in response to surprisingly strong non-farm payroll data. Dollar’s ascent is notably pronounced the Canadian Dollar, which simultaneously grapples with its own disappointing employment figures. But against others, the overall strength of the greenback remains somewhat contained for now. The picture could shift dramatically as the NFP report
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
US Nonfarm Payrolls are seen rising by 200K in March after February’s 275K increase. The United States Bureau of Labor Statistics will publish the labor market report at 12:30 GMT. US employment data could impact the Fed rate cut expectations and the US Dollar dynamics. The United States (US) Bureau of Labor Statistics (BLS) will
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
Canadian Dollar remains positive although recent comments by Fed members have given some support to the USD. US Jobless Claims have increased above expectations, adding negative pressure to the US Dollar. The USD/CAD is gathering bearish traction and approaches an important support area at 1.3460. The Canadian Dollar (CAD) is trading higher for the second
📉 AMD’s stock technical analysis: Is a 34% correction looming? 📉 Stay Ahead of the Curve: For the savvy traders and investors looking to keep a pulse on Advanced Micro Devices (AMD), catch the most important news summaries each trading day. Stay informed on key valuation metrics, recent insider trading, and updated analyst recommendations for
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