May 4, 2026 2:28 pm
Key Moments Eli Lilly and Company (NYSE:LLY) declined 3% while Novo Nordisk (NYSE:NVO) gained 2% after an analyst highlighted an FDA liver failure case involving Eli Lilly’s oral GLP-1 drug Foundayo. The liver failure case, involving a 56-year-old male, was recorded in the FDA Adverse Event Reporting System, with the report filed on April 30 […]
Read moreMay 4, 2026 1:05 pm
Key Moments HSBC downgraded Advanced Micro Devices (AMD) to Hold from Buy while nudging its price target up to $340 from $335. The bank cut its 2026 AI GPU revenue forecast for AMD to $14.6 billion from $18.5 billion, below the $15.2 billion Wall Street consensus. Capacity constraints at TSMC’s 3-nanometer node are expected to […]
Read moreMay 4, 2026 9:31 am
Key Moments BNY’s Bob Savage notes that Norges Bank’s tightening bias, supported by domestic and energy strength, is seen as largely reflected in current NOK pricing. Soft Swedish inflation data and subdued growth expectations are viewed as reducing the likelihood of any Riksbank rate hikes this year. Savage expects the NOK-SEK divergence to become more […]
Read moreMay 4, 2026 8:32 am
Key Moments EUR/GBP recovery from 0.8620 has stalled beneath the 0.8640 resistance zone, leaving the 0.8611 year-to-date low exposed. The British Pound is outperforming the Euro amid subdued risk appetite and heightened attention on developments in the Strait of Hormuz. Technical signals on the 4-hour chart remain bearish, with support targets at 0.8611 and 0.8596 […]
Read moreMay 4, 2026 7:43 am
Key Moments EUR/JPY traded around 183.90 during Asian hours on Monday after trimming earlier losses. Bearish momentum persisted, with the 14-day RSI at 38.75 and spot remaining below the 50-day and nine-day EMAs. Key downside levels were identified at 181.87 and 180.81, while resistance sat around the 50-day EMA at 184.98 and nine-day EMA at […]
Read moreMay 4, 2026 7:18 am
Key Moments EUR/USD stays above the 1.1700 handle after intraday selling erases much of an early-week bullish gap. The pair trades over the 200-period SMA on the 4-hour chart, with RSI near 53 and MACD slightly positive, signaling a still-constructive bias. Critical resistance is seen at 1.1750 and 1.1847, while key support levels are clustered […]
Read moreMay 4, 2026 6:40 am
Key Moments AUD/USD is consolidating above 0.7200, close to its strongest level since June 2022, after recent strong gains. Expectations of a hawkish Reserve Bank of Australia support the Australian Dollar, while US-Iran tensions lend strength to the US Dollar and limit further upside. Technical indicators, including RSI near 62 and a positive MACD histogram, […]
Read moreMay 4, 2026 6:13 am
Key Moments NZD/USD trades back above 0.5900, with buyers eyeing a break of the 0.5920-0.5925 resistance area. Heightened US-Iran tensions and firmer Federal Reserve rate expectations lend support to the US Dollar. Upcoming New Zealand labor data and the US Nonfarm Payrolls report are expected to guide the pair’s next big move. NZD/USD Holds Firm […]
Read moreApril 30, 2026 11:02 am
Key Moments Brent crude for June delivery jumped 3.3 per cent to $121.90 after briefly trading above $126 per barrel. The U.S. dollar retreated to 160.02 Japanese yen after touching its strongest level in nearly two years earlier in the day. European equities were mixed and most major Asian indexes declined as the Iran war […]
Read moreApril 30, 2026 9:47 am
Key Moments The Malaysian rubber market ended lower as regional rubber futures traded weaker. Sentiment was pressured by the United States Federal Reserve’s hawkish policy outlook and caution on inflation risks. Losses were partially limited by firmer crude oil prices, with Brent crude up 2.75 per cent to US$121.3 per barrel at the time of […]
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