Latest Market News
Dropbox Inc.’s. stock DBX, -4.91% rose 3% in extended trading Thursday after the software company reported fiscal first-quarter revenue that exceeded Wall Street analysts’ forecasts. Dropbox reported net income of $79.7 million, or 21 cents a share, compared with net income of $47.6 million, or 12 cents a share, in the year-ago quarter. Adjusted earnings […]
USDCAD, “US Dollar vs Canadian Dollar” As we can see in the H4 chart, after forming a Hammer reversal pattern close to the support level, USDCAD is reversing in the form of a new ascending impulse. In this case, the upside target may be at 1.2870. However, an alternative scenario implies that the asset may […]
EURUSD stopped falling; the asset is recovering after the US Fed’s May meeting. The major currency pair reached stability after the Fed’s meeting. the current quote for the instrument is 1.0598. The US Fed’s meeting, which was highly anticipated, was over yesterday and the results were rather neutral. The regulator raised the benchmark interest rate […]
Reuniting New Brunswickers with their unclaimed property is one step closer with the provincial government’s proclamation on January 1 of the Unclaimed Property Act. Under the Act, holders of unclaimed property – like businesses, associations and government organizations – are now required to review their books to search for monetary property that belongs to someone […]
The Fed preferred moderate pace of tightening at the last meeting which contributed to the “sell the facts” market response to the meeting outcome. The Fed hiked interest rate by 50 bp and acknowledged that it will deliver more this year. Given persistence of some pro-inflationary factors (commodity and food inflation, supply disruptions, labor market […]
GBPNZD Bear Flag on Watch Price action in GBPNZD is looking interesting here. The pair has been moving in a well-defined, corrective bull channel over the last month or so. Given the heavy decline leading into this current corrective period, an eventual downside break of the channel and a continuation of the prior bearish trend, […]