Outlook

High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before…

By Fergal Smith TORONTO (Reuters) - A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central…

Written by Amanda Cooper LONDON (Reuters) - The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm…

Written by Tim Heffer and Lisa Barrington DUBAI (Reuters) - Global airlines on Monday raised their 2024 profit forecasts and projected industry-wide revenues of just under $1 trillion as the number of passengers on flights rose to a record…

Upcoming events:Monday: China Caixin Manufacturing PMI, Swiss Manufacturing PMI, Canadian Manufacturing PMI, US ISM Manufacturing PMI.Tuesday: Swiss Consumer Price Index, US job opportunities.Wednesday: Average monetary income in Japan,…

Ulta Beauty, Inc. (NASDAQ:) reported a 3.5% increase in net sales reaching $2.7 billion in the first quarter of 2024, with comparable sales growing by 1.6%. Despite a challenging environment, the company showed resilience with an operating…

(Updated - May 29, 2024 at 9:59 AM EST) Dick's Sporting Goods (NYSE:) stock jumped more than 15% on Wednesday after the company reported a strong first quarter with earnings and revenue topping analysts' expectations, prompting…

As we head into the second half of 2024, investors are keenly looking to currency movements for indications of how the forex market will shape up over the next few months. In this context, JP Morgan issued its forecasts for the US dollar.…

The U.S. housing market is now tilted in favor of buyers, who are resisting the higher home prices demanded by sellers, according to Robert Rifkin, co-founder and CEO of Compass. Tell CNBC on Wednesday 30% of inventory on the market has…

Written by Saqib Iqbal Ahmed NEW YORK (Reuters) - The dollar fell against most major currencies on Friday as traders took profits after recent gains, but the US currency remained well positioned to rise further, supported by strong US…