May 11, 2026 8:41 am
Key Moments GBP/JPY climbs from its 100-day Simple Moving Average and closes a modest weekly bearish gap, but remains just below the mid-213.00s. The British Pound is supported by reduced political uncertainty and the Bank of England’s indication that further rate hikes may be warranted if inflation stays elevated. Lingering fears of additional Japanese FX […]
Read moreMay 11, 2026 8:10 am
Key Moments Brent and U.S. crude oil prices rose more than 4% in early trading following fresh geopolitical developments involving Iran. Japan’s Nikkei 225 slipped 0.4% to 62,486.84 after touching an intraday record above 63,300, while South Korea’s Kospi jumped 4.1% to 7,804.71. Technology and artificial-intelligence-related stocks have driven gains of more than 10% in […]
Read moreMay 11, 2026 7:11 am
Key Moments GBP/USD traded below 1.3600 despite a modest intraday rebound, as renewed demand for the US Dollar limited upside. Geopolitical tensions involving Iran and firmer expectations of a hawkish Federal Reserve underpinned USD strength. Technical signals stayed mixed, with GBP/USD holding above the 100-period EMA at 1.3538 while momentum indicators remained inconclusive. GBP/USD Struggles […]
Read moreMay 11, 2026 6:38 am
Key Moments EUR/JPY has been rising for a third straight session, trading around 184.80 during Asian hours on Monday. The pair is squeezed between the nine-day EMA at 184.75 and the 50-day EMA at 184.86, signaling a neutral, indecisive setup. The 14-day RSI near 47 shows momentum has eased toward neutral, neither clearly overbought nor […]
Read moreMay 8, 2026 2:24 pm
Key Moments: Foundayo reached 7,335 U.S. prescriptions in its fourth week after launch Lilly reported that over 20,000 patients have been treated and more than 8,000 prescribers have participated so far Analysts expect weekly prescriptions to climb to 22,000 for consensus second-quarter sales of $160 million Slower Start Compared to Competitor In its fourth week […]
Read moreMay 8, 2026 1:30 pm
Key Moments Southeastern Asset Management, holding about 4% of Mattel’s common stock, urged CEO Ynon Kreiz to consider a go-private transaction or a sale. The investor suggested a potential combination with Hasbro, citing long-running on-and-off discussions between the two toy makers and material synergy potential. Mattel recently reported a larger adjusted operating loss of $70 […]
Read moreMay 8, 2026 1:16 pm
Key Moments Apple Inc. (NASDAQ:AAPL) gained 0.80% after Wedbush raised its price target from $350 to $400. Wedbush projected that about 20% of the global population will use AI via an Apple device in the coming years. The firm forecast an additional $15 billion in annual services revenue for Apple tied to AI services and […]
Read moreMay 8, 2026 12:47 pm
Key Moments Copper prices on the LME have climbed nearly 5% this week, clearly outpacing other industrial metals. Chilean copper ore output dropped 9% year-on-year in March despite rebounding from a 9-year low in February. Mine-supply risks in Chile and Indonesia could challenge the International Copper Study Group’s 1.6% mine production growth forecast for this […]
Read moreMay 8, 2026 10:28 am
Key Moments UK local election results show substantial losses for the ruling Labour Party, with some party members already urging Prime Minister Starmer to step down. ING’s Francesco Pesole highlights that GBP weakness began before early results, amid softer risk sentiment and potential politics-related positioning. With no political risk premium priced into EUR/GBP before the […]
Read moreMay 8, 2026 10:21 am
Key Moments GBP/JPY trades back above 213.00 on Friday. The cross is set to end the week close to where it started. Early UK local election results show Labour has lost control of eight councils. Reform UK has gained more than 350 local seats under partial counts. Japanese officials signal no limit on potential Yen-support […]
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