October 12, 2026 12:34 pm
Key Moments Western Digital Corporation (WDC) declined 31.81% over the past three months, with the chart still showing technical damage despite solid business momentum. Consensus for the September quarter calls for $4.14B in revenue and EPS of $4.07, ahead of the scheduled October 22, 2026 after-hours earnings release. FinQL’s Fair Value model indicated 27.2% upside […]
Read moreOctober 12, 2026 12:22 pm
Key Moments Micron Technology Inc (MU) trades at $1,005.58 in premarket, down 2.28% from the prior close of $1,029.00 as of October 12, 2026 at 8:11 AM EDT. Technical indicators show a strong weekly uptrend alongside oversold daily readings, pointing to short-term weakness within a longer-term advance. Recent quarterly results surpassed EPS and revenue estimates, […]
Read moreOctober 12, 2026 11:40 am
Key Moments World Steel Association now expects global steel demand to decline 0.1% in 2026, versus its earlier projection of 0.3% growth. Forecasts have been downgraded across key regions, including China, the European Union, Britain, and the Gulf. India is projected to remain the fastest-growing major steel market, with demand seen rising 7.9% in 2026 […]
Read moreOctober 12, 2026 11:14 am
Key Moments ICE Brent fell more than 2% at one point even as Middle East tensions escalated, including a deadly Houthi attack in Riyadh. A US-Russia agreement allows Russia to ship 300kt of diesel immediately, 500kt in November, and 1mt in December, with temporary US sanctions relief. ING sees limited upside for long Brent positions […]
Read moreOctober 12, 2026 6:21 am
Key Moments NZD/USD trades around 0.5610, marking a second straight subdued session amid heightened Middle East tensions and higher oil prices. US Dollar softness follows a drop in the University of Michigan Consumer Sentiment Index to 46.3 in October from 48.1 in September, below the 47.6 consensus. Fed rate expectations remain cautious, with CME FedWatch […]
Read moreOctober 12, 2026 6:06 am
Key Moments XAU/USD trades near $4,215 in early Monday Asian hours, supported by a softer U.S. Dollar and strong ETF demand.
Read moreOctober 12, 2026 5:41 am
Key Moments GBP/USD traded in the mid-1.3200s during Monday’s Asian session, extending gains for a third straight day within a three-week range. A pullback in U.S. bond yields from multi-year highs weighed on the U.S. Dollar, while comments on fiscal discipline from UK Chancellor John Healey supported the Pound. Traders are focused on upcoming UK […]
Read moreOctober 9, 2026 2:04 pm
Key Moments The Norwegian Krone (NOK) is trading softer against most major currencies amid a modest decline in crude oil prices. September CPI data show headline inflation at 3.4% year-on-year and underlying inflation at 3.0% year-on-year, with the latter exceeding Norges Bank’s projection. Markets are pricing roughly 50% odds of another 25 basis point Norges […]
Read moreOctober 9, 2026 10:03 am
Key Moments UBS forecasts the global copper deficit increasing from 219,000 metric tons in 2026 to 379,000 metric tons in 2027. The bank anticipates copper prices could reach $15,500 per metric ton in 2027. UBS reiterates its preference for long copper positions and views short-term price weakness as a buying opportunity. UBS Outlook on Copper […]
Read moreOctober 9, 2026 9:29 am
Key Moments Citi argued a Starbucks (NASDAQ:SBUX) acquisition of Chipotle (NYSE:CMG) could be strategically compelling, even as investors remained skeptical about its likelihood. The firm reiterated its Buy rating on Chipotle and set a price target of $45, compared with a share price of $30.77 as of Tuesday. Citi highlighted both potential strategic advantages – […]
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