June 17, 2026 5:49 am
Key Moments USD/CAD paused a four-day advance and traded near 1.3990 during Asian hours on Wednesday as the US Dollar came under pressure. Growing expectations of a US-Iran peace agreement have reduced risk aversion, weighing on the Greenback while also pushing oil prices lower. Falling crude prices are limiting Canadian Dollar upside, given Canada’s role […]
Read moreJune 16, 2026 2:28 pm
Key Moments Microsoft (NASDAQGS:MSFT) is trading at $394.59 on the 4-hour chart, remaining in a bearish downtrend below major resistance zones. Key support sits at $382.28, with primary resistance clustered in the $407–$412 band that includes the 4-hour SuperTrend and key Fibonacci and Bollinger levels. Bearish setups currently have higher conviction than bullish trades, with […]
Read moreJune 16, 2026 1:55 pm
Key Moments Yum Brands agreed to sell Pizza Hut for a total consideration of $2.7 billion amid prolonged demand weakness and intense fast-food competition. Yum China will acquire the Mainland China Pizza Hut operations for $1.2 billion, while LongRange Capital will purchase the remaining business for $1.5 billion. Pizza Hut represented about 12% of Yum […]
Read moreJune 16, 2026 1:22 pm
Key Moments Soybean futures were trading 9 to 11 cents lower early Tuesday after closing Monday with gains of 2 1/2 to 5 3/4 cents. NASS reported 95% of the U.S. soybean crop planted by 6/7, with 66% rated good to excellent and the Brugler500 index at 368. May NOPA crush came in at 208.785 […]
Read moreJune 16, 2026 1:01 pm
Key Moments USD/PHP is assessed as bearish but oversold following a sharp gap lower driven by softer yields and oil prices. Bangko Sentral ng Pilipinas faces elevated inflation at 6.8% alongside slower growth, with consensus leaning toward a 25bp hike while a 50bp move remains possible. Technical levels highlight support at 60.10 and resistance at […]
Read moreJune 16, 2026 11:14 am
Key Moments Nvidia completed a $25 billion (€21.5bn) bond sale, its first investment-grade issuance since 2021, after demand exceeded $85 billion (€73.2bn). Robust credit conditions following a US-Iran framework announcement helped Nvidia secure relatively low-cost, long-term funding while preserving its AA credit rating. Tech majors, including Nvidia, Meta, Oracle, Amazon and Alphabet, have raised substantial […]
Read moreJune 16, 2026 10:41 am
Key Moments Wells Fargo increased its 2026 year-end S&P 500 target to 7,950. The brokerage cited stronger corporate earnings as a key driver of its higher projection. A preliminary U.S.-Iran deal was also highlighted as a supportive factor in the outlook. Revised 2026 S&P 500 Target Wells Fargo has raised its year-end S&P 500 target […]
Read moreJune 16, 2026 9:01 am
Key Moments Bank of America upgraded ExxonMobil to Buy from Neutral and reaffirmed its $154 price target. At about $141 per share, BofA estimates ExxonMobil is now discounting a long-term Brent price of $65 per barrel. Roughly 20% of ExxonMobil’s Middle East production, largely shut in, could add about $3.3 billion in annualized free cash […]
Read moreJune 16, 2026 7:13 am
Key Moments AUD/JPY trades near 113.20 in Tuesday’s Asian session as the cross loses momentum. Bank of Japan raises its short-term policy rate by 25 bps to 1.0%, the highest level since 1995. Reserve Bank of Australia is expected to leave the Official Cash Rate unchanged at 4.35% at its June meeting. Cross Pair Moves […]
Read moreJune 16, 2026 7:00 am
Key Moments Bitcoin (BTC) trades above $65,000 as the Bank of Japan lifts its policy rate to 1%, the highest level since 1995. Uniswap (UNI) and LayerZero (ZRO) dip on Tuesday but have outperformed the wider crypto market over the past 24 hours amid improving retail sentiment. Roughly $488 million in crypto derivatives positions are […]
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