July 7, 2026 9:58 am
Key Moments USD/CAD has broken out of a prolonged consolidation phase and advanced toward 1.4250, with 1.4130 emerging as critical support. Short CAD positions have risen to 43.5% of open interest, the most bearish level since mid December 2025, indicating notably stretched sentiment. BoC’s 2Q business outlook survey reports a Gulf war-driven spike in inflation […]
Read moreJuly 7, 2026 9:28 am
Key Moments Fiserv shares rose 6.3% in pre-market trading after reports said the company may sell its STAR Network to major U.S. banks. JPMorgan Chase, Bank of America, Wells Fargo, and PNC Financial Services Group have reportedly joined early talks to acquire the asset. FISV climbed from a previous close of $51.78 to $55.02 in […]
Read moreJuly 7, 2026 8:51 am
Key Moments ADA is trading around $0.18, sitting above short-term EMAs near $0.17 but facing heavy resistance at $0.19 where the upper Bollinger Band and SMA 50 converge. Derivatives open interest has climbed 10.33% to nearly $94 million, with both retail and top traders heavily skewed long, while spot volume remains thin at $26.8 million. […]
Read moreJuly 7, 2026 7:31 am
Key Moments NZD/USD trades around 0.5700 in Asian hours on Tuesday, marking a second consecutive daily decline. Reports of missile attacks on commercial vessels in the Strait of Hormuz underpin US Dollar strength. ING expects the RBNZ to deliver a 25-basis-point “insurance” hike to 2.50% on Wednesday, but sees limited follow-through for NZD. NZD/USD Under […]
Read moreJuly 7, 2026 7:06 am
Key Moments Silver (XAG/USD) declines 1.35% to trade near $61.00 in Tuesday’s Asian session, extending its recent correction. Buying interest in oil reemerges after reports that Iran fired at least two missiles at commercial vessels in the Strait of Hormuz. FOMC minutes from the June meeting, where rates were held at 3.50%-3.75%, are set to […]
Read moreJuly 7, 2026 6:24 am
Key Moments GBP/USD advances for a ninth straight session, trading near 1.3390 during Asian hours on Tuesday. Traders scale back expectations for Fed rate hikes after softer US jobs data and easing inflation pressures. Markets now see only a 70% probability of a single BoE hike this year, down from expectations of two moves just […]
Read moreJuly 7, 2026 5:43 am
Key Moments The People’s Bank of China set the USD/CNY central parity rate at 6.8054 for Tuesday’s session. The new fixing compared with the previous day’s level of 6.8066. The latest setting differed from a Reuters estimate of 6.7838. Updated Central Parity Rate for USD/CNY The People’s Bank of China (PBOC) set the USD/CNY central […]
Read moreJuly 6, 2026 2:14 pm
Key Moments Wolfe Research reduced its Microsoft (NASDAQ:MSFT) price target to $525 from $570 while reiterating an Outperform rating. Fiscal 2027 capital expenditure forecast was raised to $270 billion from $230 billion, driving Wolfe’s FY27 free cash flow estimate to negative $17.4 billion. FY27 gross margin and EPS projections were cut, but Wolfe continues to […]
Read moreJuly 6, 2026 1:56 pm
Key Moments USD/CAD trades around 1.4215, with price action consolidating and the Canadian Dollar maintaining a soft tone. Non-renewal of the USMCA is seen extending trade uncertainty for Canadian and Mexican exporters, potentially influencing the BoC’s Q2 Business Outlook Survey. C$ is still viewed as fundamentally undervalued, but the gap versus an equilibrium estimate of […]
Read moreJuly 6, 2026 1:25 pm
Key Moments Broadcom Inc. (NASDAQ: AVGO) stock advanced 4% on Monday following news of an expanded chip supply agreement with Apple Inc. (NASDAQ: AAPL). The companies formalized new multi-year arrangements that extend their custom ASIC silicon collaboration out to 2031. Broadcom is reinforcing its Apple relationship while simultaneously building its artificial intelligence chip business with […]
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