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Copper Rebounds as Investors Step In and Dollar Eases

February 9, 2026 8:01 am
Key Moments Shanghai Futures Exchange copper gained 1.78% to 101,780 yuan ($14,679.24) a metric ton as of 0308 GMT. London Metal Exchange three-month copper traded at $13,046.50 a ton, up 0.40% and holding above $13,000. SHFE copper inventories rose to 248,911 tons on Friday, the highest level since March 2025. Dip-Buying Supports Copper After Sharp […] Read more

Crypto Majors Drift After Sharp Weekly Sell-Off

February 9, 2026 7:15 am
Key Moments Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) stabilized on Monday after last week’s declines of nearly 9%, 8%, and 10%, respectively. BTC is trading near $70,700, ETH is hovering around $2,149, and XRP is fluctuating close to $1.44, with key resistance and support levels capping upside potential. Technical indicators across BTC, ETH, and […] Read more

Australian Dollar Strengthens Amid RBA Tightening Outlook

February 6, 2026 3:23 pm
Key Moments AUD/USD trades near 0.6995, rising 0.73% on Friday as demand for the Australian Dollar recovers. Comments from RBA Governor Michele Bullock bolster expectations of another rate hike, potentially as early as May. The US Dollar Index slips to 97.68, pressured by softer labor data and rising Fed rate-cut expectations. RBA Signals Support Australian […] Read more

Micron Drops as Nvidia HBM4 Report Shows Zero Share

February 6, 2026 2:53 pm
Key Moments Micron Technology (NASDAQ:MU) slipped 0.5% in pre-market trading after surrendering an earlier 4% gain. Semianalysis now forecasts Micron will receive no HBM4 orders from Nvidia (NASDAQ:NVDA), assigning all supply to SK Hynix and Samsung. Amazon’s (NASDAQ:AMZN) $200 billion 2026 capex outlook initially supported Micron shares by signaling stronger future demand for memory chips. […] Read more

UBS Sees Upside for GBP/CHF as Support for Swiss Franc Eases

February 6, 2026 1:09 pm
Key Moments UBS expects recent safe-haven strength in the Swiss franc to reverse in the coming months, benefiting GBP/CHF. The bank notes that a prior budget-related risk premium on the British pound has been removed from market pricing. A yield differential of more than 3.5% in favor of the British pound underpins UBS’s constructive view […] Read more

Euro Declines; Technicals Signal Further Downside

February 6, 2026 9:14 am
Key Moments EUR/USD traded near 1.1800 after setting a fresh two-week low at 1.1765, with bearish technical signals still in place. German Industrial Production fell 1.9% in December against expectations for a 0.3% decline, adding to Euro weakness. The ECB held its deposit rate at 2% and signaled a steady policy stance, while soft U.S. […] Read more

Amazon Shares Slip as Aggressive AI Spending Drives Capex

February 6, 2026 7:55 am
Key Moments Amazon projected a capital expenditure increase of more than 50% this year, triggering an 11.5% drop in its shares in after-hours trading. The company plans to deploy $200 billion into AI-related initiatives in 2026, a level analysts said will exceed its operating cash flow. Amazon forecast first-quarter operating income of $16.5 billion to […] Read more

BTC, ETH and XRP Mark Multi-Month Troughs

February 6, 2026 7:00 am
Key Moments Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) dropped back to multi-month lows, wiping out all gains made since the November 2024 US election. BTC slid to $60,000, ETH to $1,747 and XRP to $1.11 on Friday, with all three posting double-digit weekly losses. Technical indicators such as RSI and MACD pointed to persistent […] Read more

Wall Street Falls Early as Tech Selloff Deepens

February 5, 2026 3:06 pm
Key Moments Major U.S. equity benchmarks opened sharply lower. The S&P 500 fell 1%, the NASDAQ Composite dropped 1.3%, and the Dow Jones Industrial Average slipped 0.6%. Technology stocks remained under heavy pressure after steep post-earnings declines in Alphabet (NASDAQ: GOOGL) and Qualcomm (NASDAQ: QCOM). Concerns around AI-related spending and valuations added to the weakness. […] Read more

USD/CAD Stuck Below 1.3700 as Bears Take Control

February 5, 2026 2:30 pm
Key Moments USD/CAD trades near 1.3690 in early European dealings, holding below the 100-day EMA and maintaining a bearish tone. Market expectations for slower Federal Reserve rate cuts and the prospect of Kevin Warsh succeeding Jerome Powell in May 2026 underpin the US Dollar. Key technical levels include resistance at 1.3750 and the 100-day EMA […] Read more