Micron Technology shares moved lower in early Thursday trading after the AI-memory-chip maker issued a tepid profit forecast, which offset a solid fiscal-third-quarter report and challenged the market consensus on near-term demand. Micron (MU) has Read more…
The USD/JPY pair soared to 160.34 on Thursday, reaching levels not seen since 1986, as market participants increasingly anticipate potential interventions from Japanese authorities. Despite repeated verbal assurances, the Japanese government has not taken concrete Read more…
In an event today, RBA Deputy Governor Andrew Hauser emphasized the need for comprehensive analysis before making policy decisions, stating, “it would be a bad mistake to set policy on the basis of one number Read more…
ECB Governing Council member Peter Kazimir suggested today that “we could expect one more interest-rate cut this year.” He underscored his continued concern over the “significant risk of rising inflation,” driven primarily by wage growth. Read more…
BTCUSD drops to its lowest level since May 2 Despite initial rebound, price remains under selling pressure Momentum indicators hover near oversold territory BTCUSD (Bitcoin) has been experiencing a vast selloff since the beginning of June, temporarily Read more…
WTI crude oil fails to rally above 81.90 RSI and MACD remain above mid-levels WTI crude oil has been on the sidelines for the most part of the week as the 81.90 level seems to Read more…
Nikkei 225 broke above a 4-week range configuration Market breadth on the TOPIX has improved steadily as more of its component stocks have traded above their respective 200-day moving averages in the past three weeks. Read more…
Near-term action remains in bearish mode and cracks first pivot at $28.65 (June 13 low), with pressure on nearby other key supports at $28.49 and $28.25 (Fibo 38.2% retracement of $26.00/$32.51/daily cloud base, respectively). Sustained Read more…
On the Daily chart, XAUUSD navigates within a head-and-shoulders pattern and rebounds from a crucial 2290 support zone. Further scenarios unfold: If the price fails to surpass the support zone, it will likely lead to Read more…
Check back for updates throughout the trading day U.S. equity futures edged lower Thursday, with Micron Technology weighing heavily on tech shares, as investors treaded cautiously into the final trading days of the second quarter Read more…