Articles by: Michael Fisher

Gold Holds Near Weekly Peak Ahead of US Jobs Data

Key Moments XAU/USD slips modestly but stays above $4,450 and close to its recent weekly high ahead of the U.S. Nonfarm Payrolls release. Read more

AUD/JPY Climbs but Faces Resistance Below 100-Day Average

Key Moments AUD/JPY trades near 112.80 in early European dealing on Friday while remaining below its 100-day simple moving average. Market expectations for a Bank of Japan rate hike have strengthened after recent comments from BoJ board member Hajime Takata. Key technical levels include resistance around 113.20-113.40 and support starting near 111.80, with prior lows […] Read more

Euro Holds Firm Against Dollar Ahead of US Jobs Report

Key Moments EUR/USD trades around 1.1630 during the Asian session, supported by a weaker US Dollar following comments from Fed Governor Christopher Waller. Fed’s Waller signaled he is “finally seeing some signs of disinflation,” while keeping the door open to a potential rate hike if inflation data surprises to the upside. Market participants await the […] Read more

Canadian Dollar Holds Firm Ahead of US, Canada Jobs Data

Key Moments USD/CAD is consolidating below 1.3800 near a nearly two-week low after a sharp pullback from the 1.3940 area. Higher crude prices and the Bank of Canada’s hawkish tone are supporting the Canadian Dollar against a broadly weaker USD. Market participants are focused on US Nonfarm Payrolls and Canadian employment data to refine expectations […] Read more

PBoC Nudges Yuan Fix Stronger as Daily Rate Edges Lower

Key Moments The People’s Bank of China set Friday’s USD/CNY central parity at 6.7787 The new fixing compared with the prior session’s reference rate of 6.7807 Friday’s official fix diverged from a 6.7098 USD/CNY estimate reported by Reuters Daily USD/CNY Fixing Update On Friday, the People’s Bank of China (PBoC) set the central USD/CNY reference […] Read more

Uber Cuts Workforce as Robotaxis Reshape Ride-Hailing

Key Moments Uber Technologies plans to cut about 3,300 jobs, or 10% of its workforce, in its largest restructuring since the COVID-19 pandemic. The company aims to simplify its organizational structure, reduce management layers, and sharply limit fully remote roles to about 1% of staff. Uber is preparing for intensifying robotaxi competition by committing more […] Read more

Blackstone Credit Fund Limits Redemptions Amid Withdrawals

Key Moments Blackstone Private Credit Fund (BCRED) received redemption requests for about 10% of its shares in the third quarter but will repurchase only 5%, in line with its standard cap. BCRED reported a backlog of unfulfilled repurchase requests, with a significant portion of prior-quarter tenders resubmitted in the latest offer. The fund highlighted solid […] Read more

Copper Holds Near $6.58 as Traders Await Breakout Signal

Key Moments Copper is trading around $6.58 on the 5-hour chart, hovering at key support while capped by short-term moving averages. A move above $6.62 or below $6.50 is highlighted as the next potential trigger for a directional trend. The $6.55–$6.62 band is identified as a “no-trade zone” due to elevated whipsaw risk and muted […] Read more

META Tokenized Shares Face Overbought Signals Below $618

Key Moments META tokenized shares are trading at $599.48, stretched above key short-term and medium-term moving averages while flashing overbought momentum signals. Q2 2026 revenue of $60.8 billion exceeded expectations, but a 13.81% EPS shortfall to $6.18 led to a 9.16% negative price reaction as costs surged 55% year-over-year. Analysts maintain a “Strong Buy” stance […] Read more

Datadog Rallies as Snowflake Boosts Enterprise AI Demand

Key Moments Datadog (NASDAQ:DDOG) climbed 5.7% in pre-market trading after Snowflake (NYSE:SNOW) posted a strong second-quarter earnings beat. Snowflake reported $1.55 billion in Q2 revenue with 35% year-over-year growth, alongside a roughly 22% surge in its share price in extended trading. Datadog’s recent roughly 22% one-month slide, tied to reduced usage from a major AI […] Read more