August 12, 2026 10:27 am
Key Moments BofA maintained its Buy rating on Intel Corporation (INTC) while lowering its price objective to $145 from $160, implying roughly 48% upside from the $97.71 close. The $20 billion equity offering, equal to 210.5 million shares at $95, was multiple times oversubscribed despite an expected 4-5% dilution to existing shareholders. BofA projects Intel’s […]
Read moreAugust 12, 2026 10:05 am
Key Moments Norges Bank kept its key policy rate at 4.25% in June while projecting the year-end rate at just over 4.5%. Recent mixed July inflation figures and persistently strong price pressures point to an unchanged rate decision tomorrow. A possible hike is viewed as more likely in September, when updated forecasts will be available […]
Read moreAugust 12, 2026 9:27 am
Key Moments Benchmark Dutch front-month futures rose 3.3% to 60 euros per megawatt-hour, hovering near their highest level since July 24. EU gas storage sites stood at 59.12% of capacity, a historically low level for August that is raising concerns about winter preparedness. The European gas market remained in backwardation, reducing incentives for utilities to […]
Read moreAugust 12, 2026 9:14 am
Key Moments Copper is trading at $6.6673, confined between 20-period SMA resistance at $6.6493 and SuperTrend support at $6.5825. Price remains 5% above the 200-SMA at $6.3583, while a bearish MACD crossover and lower highs from the $6.8665 peak weigh on the short-term outlook. Key decision zone is the $6.58-$6.75 band, with invalidation levels at […]
Read moreAugust 12, 2026 9:07 am
Key Moments Coherent shares advanced 5.7% in pre-market trading to $347.37 after a strong report from peer Lumentum Holdings. Wall Street is projecting Coherent’s fiscal Q4 revenue at approximately $1.98 billion and non-GAAP EPS of $1.43, about 93% higher year-over-year. Analyst optimism, a proposed FCC ban on Chinese optical transceivers, and Nvidia’s $2 billion investment […]
Read moreAugust 12, 2026 8:54 am
Key Moments Lumentum stock rose 8.7% in pre-market trading to $892 after reporting fiscal Q4 2026 results that beat analyst expectations across all major metrics. Revenue reached $1.01 billion, up 109% year-over-year, while non-GAAP gross margin surpassed 50% for the first time at 50.4%. Management projected Q1 FY2027 revenue of $1.225 billion to $1.275 billion, […]
Read moreAugust 12, 2026 8:24 am
Key Moments GBP/JPY trades near a two-week high around 215.35-215.40 during the first half of Wednesday’s European session, extending its rebound from last week’s early-March lows. The Yen gives back much of its recent recovery as Japan’s still-low borrowing costs keep carry trades attractive despite a Bank of Japan rate hike to the highest level […]
Read moreAugust 12, 2026 7:51 am
Key Moments EUR/JPY has been trading with limited movement around 183.90 for a second straight day during Asian hours on Wednesday. The pair is hovering between the nine-day EMA at 183.46 and the 50-day EMA at 184.54, reflecting a mildly bearish but still supported tone. The 14-day RSI stands at 48.21, indicating neutral momentum with […]
Read moreAugust 12, 2026 6:51 am
Key Moments AUD/USD trades near 0.7060 in Asian hours after giving back prior-day gains as the US Dollar firms ahead of key inflation data. Market-implied probability of a 25-basis-point Fed hike in September slips to nearly 48%, down from 52% the previous day. Australian policy outlook diverges among major banks, with some flagging energy-driven inflation […]
Read moreAugust 12, 2026 5:59 am
Key Moments The People’s Bank of China set the USD/CNY central parity rate at 6.7882 for Wednesday’s session. The new fixing compared with the prior day’s reference rate of 6.7900. The 6.7882 fixing was set against a Reuters estimate of 6.7430. Latest USD/CNY Central Parity Setting On Wednesday, the People’s Bank of China (PBoC) set […]
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