July 6, 2026 11:01 am
Key Moments EUR/JPY traded around 185.30 during Monday’s European session, extending gains for a second consecutive day. Eurozone Retail Sales increased 1.6% year-over-year in May, matching consensus and improving from a 1.0% prior reading. German Factory Orders rose 1.9% in May and 6.2% year-over-year, while persistent Yen weakness helped sustain EUR/JPY upside. Euro Holds Firm […]
Read moreJuly 6, 2026 10:40 am
Key Moments GBP/JPY extends gains for a second session, trading in the mid-216.00s and approaching its late-April multi-year high. A roughly 275 bps policy rate differential between the BoE at 3.75% and the BoJ at 1% continues to underpin carry trades against the JPY. Market focus remains on Japan’s elevated debt levels, large-scale investment plans, […]
Read moreJuly 6, 2026 9:03 am
Key Moments Needham named Carvana (CVNA) its top idea and Conviction List pick within transportation technology. Analysts highlighted a mismatch between Carvana’s operational progress and a valuation near 20 times fiscal year 2027 estimates. Recent developments in reconditioning operations and internal software are seen as key drivers of efficiency and growth potential. Needham Elevates Carvana […]
Read moreJuly 6, 2026 6:06 am
Key Moments Gold (XAU/USD) retreats from above $4,200 after a three-day advance, as safe-haven demand lifts the US Dollar amid Strait of Hormuz tensions. Reduced expectations for further Federal Reserve rate hikes and ongoing central bank purchases help cushion downside in the Gold price. Technical signals on the 4-hour chart continue to favor buyers, with […]
Read moreJuly 3, 2026 1:52 pm
Key Moments Spot gold climbed 1.1% to $4,170.99 an ounce, putting it on course for its first weekly advance in five weeks. Weaker-than-expected U.S. nonfarm payrolls data eased expectations of a Federal Reserve rate hike and pressured the U.S. dollar. OCBC cut its gold and silver price forecasts this week, even as analysts turned “cautiously […]
Read moreJuly 3, 2026 1:08 pm
Key Moments LME aluminum three-month price moved down toward $3,000/t as the earlier geopolitical risk premium was unwound. Emirates Global Aluminium reported that about 7% of production pots at the Al Taweelah smelter have been restarted. The restart progress supported expectations that Gulf-related supply disruptions are temporary and that lost output will return over time. […]
Read moreJuly 3, 2026 9:34 am
Key Moments WTI briefly climbed toward $69.25 before attracting new selling interest and slipping back toward the mid-$68.00s. Prices remain below the 200-day Simple Moving Average and the 61.8% Fibonacci retracement of the December 2025-March 2026 advance, preserving a bearish near-term structure. The Relative Strength Index hovers around 29 in oversold territory, while the MACD […]
Read moreJuly 3, 2026 8:59 am
Key Moments Asian-listed suppliers to Apple (NASDAQ:AAPL) rose after a report indicated higher production plans for upcoming iPhone models. Apple reportedly asked partners to gear up for about 10 million foldable iPhones this year, above an earlier 7 million to 8 million unit projection. Chipmakers Samsung Electronics (KS:005930) and SK Hynix Inc (KS:000660) rallied 7% […]
Read moreJuly 3, 2026 7:38 am
Key Moments USD/INR trades near 95.26 as the Rupee opens slightly stronger amid broad U.S. Dollar weakness following June Nonfarm Payrolls data. U.S. NFP came in at 57K versus a consensus of 110K, while the Unemployment Rate slipped to 4.2%, prompting a reassessment of hawkish Fed bets. MCX crude oil for July 20 expiry has […]
Read moreJuly 3, 2026 6:23 am
Key Moments NZD/USD traded around 0.5705 in Asian hours on Friday, holding firm above the 0.5700 level. China’s June Services PMI eased to 54.1 from 54.4 in May but still signaled the third-strongest expansion in nearly three years. ASB Bank now expects the RBNZ to keep the OCR unchanged in July and deliver 25-basis-point hikes […]
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