Author: FX
Blue Planet Studio/iStock via Getty Images Smartsheet (NYSE:SMAR) shares jumped more than 11% on Friday after the enterprise software company reported second-quarter results and issued guidance that showed signs of stabilization. For the period ending July 31, the Bellevue, Washington-based company earned an adjusted 16 cents per share as revenue rose 26.2% year-over-year to $235.59M. Calculated billings grew 18% year-over-year to $243.1M, while the company ended the period with a 36% increase in customers who spend $100,000 or more, at 1,665. CEO Mark Mader said the company’s scalability is helping to drive strong demand. “We remain focused on delivering innovation…
CANADIAN DOLLAR FORECAST:USD/CAD slides in response to robust employment survey results from CanadaCanadian employers added 39,900 jobs last month versus 15,000 expected, signaling economic resilienceIn the upcoming week, the spotlight will be on the August U.S. inflation report Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Gold Price Outlook Hinges on Key US Inflation Data, XAU/USD on Breakdown WatchThe loonie saw a modest uptick against the U.S. dollar on Friday, boosted by strong employment growth in Canada. In late morning in New York, USD/CAD…
Why Smartsheet (SMAR) Stock Is Up Today What Happened: Shares of project management software maker Smartsheet (NYSE:) jumped 6.07% in the morning session after the company reported impressive “beat and raise” second quarter results. Key topline metrics, including revenue and billings, came in ahead of Wall Street’s expectations. Similarly, operating income, EPS, and free cash flow also beat expectations. Looking ahead, guidance came in strong, with the company raising the revenue and non-GAAP operating income projections for the full year, and both metrics exceeding Consensus estimates. During the quarter, Smartsheet announced new generative AI features that will help businesses automate…
EUR/USD ANALYSISEUR struggles to capitalize on recent Fed speak.US CPI and ECB rate decision the key risk events for next week.Falling wedge breakout could bring some hope for euro bulls. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro is back on the defensive this Friday after relatively dovish Fed comments yesterday overshadowed the euro area GDP miss that highlighting growth concerns within the region. These concerns were supplemented by Citi Bank revising growth forecast down to 0.4% vs 0.8% previously, The German DIW Institute added to the bearish outlook, cutting German GDP projections to -0.4%…
If you browse through online communities and forums, you’ll notice that majority of trade discussions revolve around entering trades. But while it’s very important to know how and when to enter a trade, it’s equally crucial to know when to exit. Most people have a detailed plan and set rules on how to enter the market, but newbie traders often overlook the importance of having an exit strategy. In today’s edition of Pipsychology, I’ll be sharing a few tips on how to develop your exit strategy. “Begin with the end in mind.” Even before you enter a trade, you should…
Headlines:Markets:NZD leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.2%US 10-year yields down 1 bps to 4.252%Gold up 0.2% to $1,923.44WTI crude up 0.7% to $87.48Bitcoin down 0.6% to $25,840It was a quieter session as traders are not left with much to work with towards the end of the week.There wasn’t any major data in Europe and so, there was only the risk mood and bond market musings to really trigger any broader moves. We saw yields just holding slightly lower after yesterday’s bid, so that didn’t provide much of an impact with the dollar keeping…
Bitcoin (BTC), Ethereum (ETH) Prices, Charts, and Analysis:Talk of an imminent BlackRock Bitcoin ETF turns markets higher.BTC and ETH remain in multi-week ranges.The Bitcoin rumor mill was back in full flow yesterday after various tweets and stories suggested that the BlackRock spot Bitcoin ETF had already been agreed and would be announced shortly. Due to BlackRock’s market heft and reach, the announcement in mid-June that the fund manager had submitted a proposal for a BTC ETF caused the market to push sharply higher. Since then the price of Bitcoin has moved lower, erasing all BlackRock gains, as markets realized that…
Share: Pound Sterling finds an intermediate support, but the downside seems favored amid global uncertainty. BoE Dhingra warned that further tightening could hurt the UK economy. Investors shift focus to the July Employment data, which will be released on Tuesday. The Pound Sterling (GBP) discovered intermediate support as investors started digesting the potential risks of global economic turmoil due to restrictive monetary policy by Western central bankers. The GBP/USD pair finds an intermediate cushion, but the broader bias remains bearish as investors expect that policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) may…
Article by IG Senior Market Analyst Axel RudolphFTSE100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 recovery underwayThe FTSE 100 is recovering from this week’s low at 7,369 amid rising oil and commodity prices and as the governor of the Bank of England (BoE), Andrew Bailey cast doubt on the need for further rate hikes. The breached July-to-September downtrend line, because of inverse polarity a support line – now at 7,366 – offered support this week with an attempt to reach the 55-day simple moving average (SMA) at 7,474 currently underway. Above it lurks the July-to-September resistance line at 7,493…
With Canada expected to print slightly lower labor market numbers, you can bet that I have my eye on CAD pairs today. Specifically, I’m looking at GBP/CAD’s potential reversal pattern. Are you seeing the same pattern on the 15-minute chart? Before moving on, ICYMI, yesterday’s watchlist checked out NZD/USD’s short-term range ahead of U.S. initial jobless claims release. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Final read for Euro Area Q2 2023 GDP: 0.1% q/q (0.3%…