October 13, 2026 10:07 am
Key Moments Western Digital shares were down 3.6% in pre-market trading at $372.95 after UBS cut its price target to $470 from $525 while maintaining a Neutral rating. Toshiba’s plan to nearly double HDD capacity for AI data centers and rising AI financing costs have intensified worries about supply, pricing, and data center spending. Western […]
Read moreOctober 13, 2026 9:50 am
Key Moments EUR/GBP trades around 0.8450 after rebounding from a 16-month low at 0.8444, following a nearly 2% slide in just over two weeks. Political and fiscal uncertainty in France and Oil prices holding above $100 continue to pressure the Euro. German HICP inflation data for September confirmed a monthly increase to 0.6% and an […]
Read moreOctober 13, 2026 9:33 am
Key Moments ICE Brent settled 1.8% higher, just below $107/bbl, marking its strongest close since mid-September. Middle East tensions, including Houthi attacks on Saudi Arabia and risks to Persian Gulf flows, are overshadowing the Russia-Ukraine energy ceasefire. Hurricane-related outages in the Gulf of Mexico have shut in almost 605k b/d of oil output, close to […]
Read moreOctober 13, 2026 8:55 am
Key Moments Visa received approval from the People’s Bank of China to start preparing a domestic bank card clearing institution. The company has up to one year to complete preparatory work before applying to formally launch its China clearing business. China’s bank cards processed 4.6 trillion transactions worth 963.60 trillion yuan ($143.92 trillion) in 2025, […]
Read moreOctober 13, 2026 8:43 am
Key Moments Broadcom CEO Hock Tan said capital will be the primary bottleneck for the company as AI development advances. Tan noted that Broadcom is moving past wafer and memory shortages, shifting the main challenge from supply to funding. He cautioned that some AI-related investments resemble “casino gambling” due to investors’ limited understanding and extreme […]
Read moreOctober 13, 2026 7:42 am
Key Moments WTI trades near $91.75, down over 0.70%, after ending a three-day advance to a two-week high. Escalating tensions involving Yemen’s Houthi group, Saudi Arabia, Iran, Russia, and Ukraine help maintain a geopolitical risk premium. Prices hold above the 200-day SMA at $82.75 and the 38.2% Fibonacci level at $91.27, preserving an overall bullish […]
Read moreOctober 13, 2026 6:46 am
Key Moments EUR/JPY traded around 176.90 during Asian hours on Tuesday, marking a second consecutive session of losses within a descending channel. The 14-day RSI stood at 32.75, indicating ongoing downside pressure while hovering just above oversold territory. Immediate support was identified near 176.00, with deeper downside levels at 175.70 and 169.72 if selling accelerates. […]
Read moreOctober 13, 2026 6:33 am
Key Moments Gold (XAU/USD) rebounds toward $4,200 during the Asian session after an earlier slide to $4,150, supported by a modest pullback in the US Dollar. Federal Reserve communications and elevated Fed sentiment indicators reinforce expectations for further tightening, helping keep the USD supported and gold gains constrained. Market participants are watching upcoming US CPI […]
Read moreOctober 13, 2026 6:12 am
Key Moments USD/CAD trades near 1.4270 in Asian dealings, just below last week’s highest level since April 2025. A firm US Dollar, underpinned by a hawkish Federal Reserve, higher US yields, and Middle East tensions, keeps downside in the pair limited. Traders are focused on upcoming US CPI, PPI, and a speech by Fed Chair […]
Read moreOctober 13, 2026 6:00 am
Key Moments The People’s Bank of China set Tuesday’s USD/CNY central parity at 6.7298. The new fixing compares with the previous session’s rate of 6.7313. Reuters had estimated the fixing at 6.6981, differing from the official level. New Central Parity Rate for USD/CNY The People’s Bank of China (PBoC) set the central USD/CNY reference rate […]
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