Starbucks is continuing to reshape its store footprint as part of a sweeping turnaround effort to reverse declining customer traffic and slowing sales growth. The coffee giant has made significant changes across its business in Read more…
The US Dollar remains strong, driven by safe-haven flows from ongoing geopolitical conflicts and rising inflationary concerns. Expectations for US rate cuts have fallen sharply from 66 basis points (bps) to around 30 bps due Read more…
Canada’s trade deficit widened substantially in January, up to $3.6 billion from $1.3 billion in December. Exports in January slipped 4.7% month-on-month (m/m), more than reversing last month’s gain. Exports of motor vehicles and parts Read more…
Harmony Gold had good news for shareholders this week. They doubled the dividend. Investors responded by dumping the stock. Shares of the South African miner fell on the New York Stock Exchange after the company Read more…
Daily Pivots: (S1) 1.1590; (P) 1.1628; (R1) 1.1650; More…. Intraday bias in EUR/USD stays neutral for the moment. On the downside, firm break of 1.1506 will resume the fall from 1.2081 and target 38.2% retracement Read more…
Daily Pivots: (S1) 1.3392; (P) 1.3438; (R1) 1.3463; More… Intraday bias in GBP/USD remains neutral at this point. Further decline is expected with 1.3574 resistance intact. On the downside, below 1.3252 will extend the decline Read more…
Daily Pivots: (S1) 0.7775; (P) 0.7792; (R1) 0.7820; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of 0.7603 Read more…
Daily Pivots: (S1) 158.23; (P) 158.60; (R1) 159.34; More… Intraday bias in USD/JPY remains on the upside as rise from 152.07 is still in progress. Firm break of 159.44 will target 161.94 high next. On Read more…
Global markets have entered a fragile calmness as investors await the next major catalyst. With only second-tier data scheduled and Fed officials in their pre-meeting blackout period, the usual policy signals that guide markets are Read more…
Bill Ackman is making waves yet again, marking another run at the public markets. However, there is a difference. This time around, Ackman is giving investors something much more exciting. Ackman’s Pershing Square filed documents Read more…