Author: FX
The earnings bar is high and Wall Street thinks it gets cleared anyway — a look at the week ahead !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Deutsche Bank has a simple message for anyone trying to trade currencies on headlines this year: stop. A war in the Middle East, a leadership change at the Fed, wild swings in tech valuations — and none of it has mattered as much as one thing. The bank’s analysis shows yield has been the dominant driver of 2026 currency moves.Deutsche Bank’s George Saravelos explains it by saying that when growth holds up, volatility stays contained and yield differentials get paid. ” It is the impressive resilience of global growth, which is allowing carry to prevail and, as we argued a…
The Baker Hughes Rig count for the current week showed:Total U.S. rigs: 580 up +1Oil rigs: 445 UnchangedGas rigs: 126 up +1The price of crude oil is currently trading at $71.20 down $0.88 or -1.21% on the day. The low price for the day reach $70.77. The high price was at $73.16. The 100 hour moving average is currently at $71.70 and represents close resistance. On the downside, getting through the 200 hour moving average at $70.32 would tilt the technical bias more to the downside. As it is right now, the technical bias is more neutral with the price…
SK Hynix made an impressive NASDAQ debut following its successful American Depositary Receipt (ADR) offering at $150. The shares opened at $170 and are currently trading near $174, up roughly $24 on the session.The enthusiasm is easy to understand. SK Hynix is a critical supplier of the high-bandwidth memory (HBM) chips that power Nvidia’s AI processors. Simply put, SK Hynix provides the fuel that helps Nvidia’s AI engine run. With investors embracing SK Hynix’s growth story, Nvidia is benefiting as well. Nvidia shares are currently up more than $7, or 3.48%, to around $209.75.From a technical perspective, today’s rally is…
Crude oil is trading lower and back below its 100 hour moving average at $71.65 !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
The latest geopolitical headlines once again reminded traders just how headline-driven markets can be. Following President Trump’s declaration that the “Ceasefire is OVER!”, the initial reaction was textbook risk-off: the U.S. dollar moved higher, stocks turned lower, oil prices rallied, and Treasury yields edged higher. However, true to the recent roller-coaster price action, many of those moves have already begun to reverse. It’s a familiar pattern—markets react first to the headline, then reassess as the dust settles.EURUSD:The EURUSD initially fell back below its converged 100- and 200-hour moving averages, currently at 1.14257 and 1.14200, with the decline reaching 1.1411 before…
Royal Bank of Canada (RBC) economist Nathan Janzen notes that Canadian labour markets showed further signs of stabilisation in June, following a stronger improvement in May. Employment rose modestly, while per-worker conditions improved and the unemployment rate edged down to 6.5%. Janzen highlights softer population growth, firmer economic data and lower U.S. tariff rates as supporting factors, and expects further unemployment declines later in 2026.Labour data supports gradual recovery view”Canadian labour markets showed further signs of steadying in June after a larger improvement in May.””The employment increase itself in June (+18k) left the measure still down 6k on net for…
Inside the U.S. race for drone delivery dominance Source link
EUR/USD stays rangebound as US-Iran tensions ease and traders await the US CPI report !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Gold is testing a major Fibonacci floor as bulls and bears battle for control of the metal’s current broader trend. Source link