Author: FX

Sandisk crushed Q2 expectations and delivered a blockbuster Q3 guide that resets near-term earnings and revenue assumptions.Summary:Sandisk delivered a major beat on both earnings and revenue versus consensus.Guidance for Q3 was the big shock: management sees a step-change higher on both EPS and sales.The outlook implies strong pricing and/or mix, plus meaningful operating leverage.Such a large guide-up typically forces analysts to rebase near-term estimates and margin assumptions.Market focus now shifts to sustainability: supply discipline, demand durability, and competitive dynamics.Sandisk posted a standout second-quarter FY2026 result, smashing expectations on both profitability and top-line performance, and then raising the bar again with…

Microsoft’s (MSFT) post-earnings cratering on Thursday sent other indices into pullback mode despite the narrow nature of its weakness. Although it lost a more serene 4% afterhours on Wednesday following its resounding earnings beat, the Redmond, Washington-based Microsoft sank a solid 12% during the afternoon of Thursday’s regular session.Analysts blamed nerves surrounding the company’s heavy capex ramp up, which is set to rise by two-thirds in 2026 as the company spends lavishly on building more data centers equipped with the latest AI chips. Additionally, some blamed the company’s proximity to OpenAI, which is dealing with uncertainty in regard to its…

Is OpenAI suddenly toxic?The market is sensing that ChatGPT is going to lose the generative AI race because they can’t keep up with the spending of Google and others. Plus they don’t have the data and integration of their megacap competitors.Microsoft posted a 24% rise in y/y earnings today but shares are down 11.5%. That makes today the 9th worst day ever for Microsoft stock by by far the largest single-day drop in market cap.In fact, this is the second-largest single day market cap destruction after the Jan 28, 2025 decline in NVDA. Here is the chart of the worst…

The Canadian Dollar (CAD) extends its gains against the US Dollar (USD) on Thursday, with USD/CAD sliding to its lowest level since October 2024, as the Loonie draws support from rising Oil prices and a steady Bank of Canada (BoC) monetary policy outlook. At the time of writing, the pair is trading near 1.3500, down nearly 0.40% on the day.Rising crude prices tend to support the Canadian Dollar, as Canada is one of the world’s largest Oil exporters. Oil prices surged sharply after Washington issued fresh warnings of potential military action against Iran over its nuclear programme, reviving concerns about…

There is unusual potential for a new shock, a new disruption due to Trump policiesGeopolitical risks are elevated and attacks on the Fed’s independence is another key riskThere is no easy way to manage this uncertaintyA Fed that is not delivering predictability is not going to be good for anybodyUnpredictability of US policy has dented dollar as the global safe assetUSD/CAD exchange rate has not been a big preoccupation for us in recent yearsBut if USD/CAD exchange rate changes a lot, that will affect our projectionsAnd we will have to take that into accountWe are feeling like there are more…

Gold prices surged to an all-time high above $5,500/oz, driven by US dollar weakness and expectations of further monetary easing from the Federal Reserve. The precious metal extended its rally, marking significant gains in recent sessions, notes UOB Global Economics & Markets Research.Gold prices hit record highs”Gold surged to an all-time high above $5,500/oz, extending a breakneck rally fueled by US dollar weakness and expectations the next Fed Chair will pursue further monetary easing.””Bullion surged as much as 3.2% in early trading on Thu, building on a 4.6% gain in the previous session, to see its biggest one-day gain since…

The Golden Line MT4 Indicator plots dynamic price levels derived from Fibonacci ratios and moving average calculations. At its core, it identifies the golden ratio (1.618 and its inverse 0.618) applied to recent price swings, then smooths these levels using a weighted moving average. The result? Support and resistance zones that shift as market conditions change. The indicator displays two primary lines on your chart—an upper golden line and a lower golden line. When price trades between these boundaries, the market is considered range-bound. Breaks above or below these lines signal potential trend continuation or reversal, depending on additional confirmation…

Reports that Trump and Schumer are approaching a possible deal to avert shut downXi and Starmer signal thaw as China and UK seek steadier bilateral tiesChina property shares jump on report of easing “three red lines” rulesGoldman Sachs and Deutsche Bank forecast Reserve Bank of Australia on hold next weekReuters poll: RBI seen holding rates at 5.25% as focus shifts to liquidity and rupeeMUFG, CBA see February RBA rate hike as inflation lifts and AUD finds supportBanks lift gold forecasts as $6,000/oz targets emerge after record rallyPBOC sets USD/ CNY mid-point today at 6.9771 (vs. estimate at 6.9521)ICYMI – Tesla…

CAD/CHF just bounced from a major support zone! Will the area continue to drive away Loonie sellers? Or will the 4th time be the charm for the bears? CAD/CHF 4-hour Forex Chart Faster with TradingView The Canadian dollar picked up some pips on Wednesday after the Bank of Canada kept policy unchanged, as expected. That support faded soon after, though, as traders appeared to price in signals that the March meeting is still live for a possible rate cut. Meanwhile, the Swiss franc gave up a pip or two against majors like the U.S. dollar as greenback demand firmed following…

EUR/CAD is testing a confluence of technical levels on its 4-hour time frame, and these candlestick patterns appear to be hinting at a bounce. How high can it go if the uptrend resumes? Take a look at these inflection points! EUR/CAD 4-hour Forex –  Chart Faster with TradingView Geopolitical headlines have caused quite a ruckus on oil prices lately, sparking huge price swings for oil-related Loonie pairs. EUR/CAD, in particular, has surged above the 1.6200 major psychological ceiling earlier this month on fading Venezuela-related oil supply concerns. The pair has since turned upon hitting resistance at R2 (1.6350) on Trump’s…