TL;DR: The Dollar rally has lost momentum rather than direction. DXY stalled at 102.232 as Fed urgency faded, long-end Treasury yields met buyer demand at two-decade highs, and France was left shouldering more of the Dollar’s remaining support. Absent a sizeable US CPI surprise, the Dollar looks poised for consolidation, with scope to drift lower…
Oracle Corporation (NYSE: ORCL) fell 5.5% (closing around $135.69) following reports surrounding OpenAI’s financial metrics. Written by: Olumide Adesina • Saturday, October 10, 2026 • 2 min read • Last updated: Saturday, October 10, 2026 Add an article to your Reading List Register now to be able to add articles to your reading list. ”…
USD/CAD’s rally continued last week but stalled after hitting 1.4290 fibonacci resistance. Initial bias stays neutral this week first. Further rise is expected as long as 1.4200 support holds. Firm break of 1.4292 will target 100% projection of 1.3480 to 1.4247 from 1.3730 at 1.4497. Nevertheless, considering bearish divergence condition in 4H MACD, break of…
AUD/USD stayed in consolidations above 0.6903 last week and outlook is unchanged. Initial bias stays neutral this week first. While stronger recovery cannot be ruled out, further decline is expected as long as 0.7038 resistance holds. Below 0.6903 will target 0.6864 support or further to 100% projection 0f 0.7277 to 0.6864 from 0.7237 at 0.6824….
Verbal interventions by the ECB and promises from Donald Trump have put the brakes on the greenback. Falling Treasury yields and oil prices have pushed the USD index down from its recent highs. The US dollar retreated from recent highs against a backdrop of falling Treasury yields and oil prices. The return of funds to…
FTSE 100: ⬆️ Buy – FTSE 100 reversed from support zone – Likely to rise to resistance level 10600.00 FTSE 100 index recently reversed up from the support zone between the key support level 10400.00 (which has been reversing the price from June), support trendline of the daily down channel from the end of July,…
Bitcoin: ⬆️ Buy – Bitcoin reversed from key support level 82000.00 – Likely to rise to resistance level 87185.00 Bitcoin cryptocurrency recently reversed up from the support zone between the pivotal support level 82000.00 (former resistance from May and the start of September) and the 50% Fibonacci correction of the upward impulse (5) from the…
US CPI and retail sales will shape Fed hike expectations. France’s fiscal crisis adds pressure on the euro and ECB. Australian jobs figures and UK data to test RBA and BoE hike bets. IMF-World Bank meetings and Q3 bank earnings may enhance volatility. Dollar Flexes Muscles Despite October Hike Fading The US dollar held relatively…
Canada’s labor market weakened sharply in September, with employment falling 68.3K, far worse than expectations for a 6.2K increase and following August’s roughly 42K decline. The drop marked a second consecutive monthly contraction, with losses split between full-time employment at 35.4K and part-time employment at 32.9K. The employment rate fell 0.2 percentage points to 60.6%,…
USDJPY edged higher on Friday but remains within 158.50/156.50 range that extends into seventh consecutive day. Range top is reinforced by 200DMA, and 50% retracement of 163.94/152.88 descend, with the base of falling daily cloud in the zone adding pressure on near-term action. On the other hand, the pair is on track for the fourth…