Salesforce stock rose on Q1 earnings and a robust full-year outlook – Photo: Shutterstock A major sales software company’s stock rose as it upped its profit forecast and reported quarterly earnings that beat estimates – to the relief of battered US tech investors. Saleforce (CRM) stock rose by as much as 9% in pre-market trading on … Read more
A friend sent me a tweet recently that said the world is a museum of passion projects. Everything that is beautiful or useful to other humans first started as an idea in the mind of someone who then pushed for it to become reality. Today, innovative technologies in financial services emerge to make processes easier, … Read more
AUDUSD confined between technical levels on top and bottom The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in … Read more
EUR & GBP Both Performing Steadily Market Awaits US ISM Manufacturing PMIs Stock Futures Rise to Start New Month The Euro forex market is managing to hold firm against the Dollar though the USD strength as the safe haven of choice in the current market is likely to remain. The greenback has been boosted this … Read more
At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the day’s trade /Representative image | The rupee recovered from its record low to close 21 paise higher at 77.50 against the American currency on Wednesday as dollar sales by some banks … Read more
BANK OF CANADA KEY POINTS: Bank of Canada increases the target for the overnight rate by 50 basis points to 1.50%, meeting market expectations The central banks indicates that interest rates will have to rise further and that the bank is prepared to act more forcefully if needed to slow inflation USD/CAD trims some daily … Read more
The U.S. dollar rose against the euro on Wednesday, helped by upbeat U.S. economic data, and as the common currency remained under pressure following the hottest euro zone inflation on record that raised worries about the region’s growth outlook. The dollar was about 0.6% higher against the euro, extending Tuesday’s gains, after data on … Read more
I still prefer to sell EUR/USD from every bullish level and the most notable current highs are 1.0785, 1.0830 and 1.0900 respectively. Despite the successive statements by the monetary policy officials of the European Central Bank and the record European inflation figures that support the hints of these statements, the price of EUR/USD was exposed … Read more
Inflow of remittance dropped by 15.95 per cent or $3.64 billion in the July-May period of the current fiscal year 2021-2022 amid a widening gap in exchange rates in the formal channel and the kerb market. In the 11 months of FY22, the inflow dropped to $19.19 billion from $22.84 billion in the same period … Read more
Innovation in Nigeria: Viral Bot provides Nigerians with real-time currency rates for major fiat and crypto currencies. A friend sent me a tweet recently that said the world is a museum of passion projects. Everything that is beautiful or useful to other humans first started as an idea in the mind of someone who then … Read more