March 12, 2026 6:52 am
Key Moments The People’s Bank of China (PBOC) set Thursday’s USD/CNY central parity rate at 6.8959. The new fixing compared with the previous session’s reference rate of 6.8917. The latest fixing contrasted with a Reuters estimate of 6.8853 for the session. Updated Central Parity Rate for USD/CNY The People’s Bank of China (PBOC) established the […]
Read moreMarch 11, 2026 1:18 pm
Key Moments Nebius Group N.V. (NASDAQ:NBIS) climbed 10% on Wednesday morning following NVIDIA’s $2 billion investment announcement. The strategic partnership targets hyperscale AI cloud infrastructure, with Nebius planning to deploy more than 5 gigawatts of capacity by the end of 2030. NVIDIA’s move comes amid ongoing scrutiny of its circular financing practices involving investments in […]
Read moreMarch 11, 2026 11:51 am
Key Moments Nike Inc. (NYSE:NKE) shares rose 2% after Barclays upgraded the stock to Overweight from Equalweight. Barclays increased its price target on Nike to $73 from $64, citing operational progress and early financial inflections. The bank believes investor pessimism has peaked even as Nike continues to work through regional reset risks. Barclays Turns More […]
Read moreMarch 11, 2026 10:42 am
Key Moments GBP/USD climbed to 1.3450 on Wednesday, supported by expectations of easing tensions in the Middle East and softer oil prices. Geopolitical risks tied to the United States, Israel and Iran, along with weak UK data and political uncertainty, continue to limit sterling’s upside. Technical signals on H4 and H1 charts point to key […]
Read moreMarch 11, 2026 10:09 am
Key Moments Commerzbank’s Antje Praefcke expects Swedish inflation to remain below the Riksbank’s target, limiting the scope for immediate policy easing. She anticipates the central bank will keep a close eye on upside inflation risks from the recent energy price shock and downside risks to economic growth. Praefcke views March as too soon for the […]
Read moreMarch 11, 2026 9:21 am
Key Moments Stellantis priced a multi-tranche hybrid bond offering totaling 5 billion euros equivalent, executed on Tuesday. The issuance follows 22.2 billion euros in impairments tied to a pullback in the automaker’s electric-vehicle strategy. The transaction is expected to settle on March 16 and is intended to support Stellantis’ capital structure and liquidity. Hybrid Bond […]
Read moreMarch 11, 2026 8:42 am
Key Moments AUD/USD trades near 0.7170 in Wednesday’s Asian and early European sessions, close to a near three-year high. Markets assign nearly a 75% probability to a 25 bps RBA rate hike to 4.1% next week amid renewed inflation concerns. Technical structure remains bullish above the 100-day EMA, with key support at 0.7120 and resistance […]
Read moreMarch 11, 2026 8:29 am
Key Moments Bitcoin traded 0.5% lower at $69,583.5 by 01:55 ET (05:55 GMT), briefly moving below the $70,000 mark. Market sentiment remained tied to the escalating U.S.-Israeli conflict with Iran and its impact on energy markets and global inflation. Altcoins, including Ethereum, XRP, Solana, Cardano, Polygon, and Dogecoin, traded subdued with mostly modest declines. Bitcoin […]
Read moreMarch 11, 2026 7:49 am
Key Moments Citi Research reiterates high-conviction calls on four semiconductor names tied to AI infrastructure and analog “self-help” themes heading into mid-2026. Broadcom and NVIDIA are Citi’s preferred AI infrastructure plays, with implied upside of 40% and 52%, respectively, based on stated price targets. Texas Instruments and Monolithic Power Systems are cited as top analog […]
Read moreMarch 11, 2026 7:17 am
Key Moments EUR/USD trades near 1.1630 in Asian dealings while remaining locked in a descending channel. The pair stays below its nine- and 50-day EMAs, with the 14-day RSI at 38 signaling ongoing bearish pressure. Support is highlighted at 1.1468 and 1.1391, while resistance levels are clustered around the nine-day EMA at 1.1656 and the […]
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