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Chart alert: Nasdaq 100 faces pullback risk as semiconductor rally shows signs of exhaustion
Nasdaq 100 surged to a fresh all-time high of 29,390 as semiconductor and AI-related stocks continued to fuel the rally. However, growing signs of bullish exhaustion in the semiconductor sector, particularly within the SOXX ETF, are raising the risk of a short-term corrective pullback. Bearish RSI divergence, stretched price action above the 20-day moving average, and elevated volatility conditions suggest the Nasdaq 100 may face a minor mean reversion decline below the 29,505/615 resistance.
13-05-2026 05:34 GMT by Kelvin Wong
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Asia open: US inflation reaccelerates to 3.8%, and chip stocks falter
US inflation surged to 3.8% in April, the highest level in three years, wiping out Federal Reserve rate cut expectations and pushing Treasury yields and the US dollar higher. Meanwhile, semiconductor stocks sharply reversed after a massive six-week rally, dragging the Nasdaq 100 lower. USD/JPY climbed toward the key 157.90 intervention risk level as traders monitored possible Japanese authorities’ action amid rising market volatility and fading US-Iran peace hopes.
13-05-2026 02:01 GMT by Kelvin Wong
Gold (XAU/USD) rises slow and steady – In-depth Gold technical analysis
Gold (XAU/USD) update: Gold (XAU/USD) remains remarkably resilient, consolidating within a wide $4,500 to $4,900 range despite a hot US CPI print and a surging Dollar. As the metals complex digests China’s 45-month high inflation and pivots toward the high-stakes Trump-Xi summit, explore our in-depth technical analysis for Gold’s next major move.
12-05-2026 20:16 GMT by Elior Manier
Chart alert: WTI crude is poised for a potential volatility bullish breakout above $102.54/bbl
WTI crude oil is approaching a potential bullish volatility breakout above the key $102.54 resistance level as fading US-Iran peace prospects and prolonged Strait of Hormuz disruptions continue to tighten global energy supplies. Oil remains one of 2026’s top-performing asset classes, with WTI futures up 42% since late February. Technical indicators including bullish candlestick formations, suggest further upside risks towards 108 before 116/119.
12-05-2026 11:29 GMT by Kelvin Wong

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Asia open: US inflation reaccelerates to 3.8%, and chip stocks falter
US inflation surged to 3.8% in April, the highest level in three years, wiping out Federal Reserve rate cut expectations and pushing Treasury yields and the US dollar higher. Meanwhile, semiconductor stocks sharply reversed after a massive six-week rally, dragging the Nasdaq 100 lower. USD/JPY climbed toward the key 157.90 intervention risk level as traders monitored possible Japanese authorities’ action amid rising market volatility and fading US-Iran peace hopes.
13-05-2026 02:01 GMT by Kelvin Wong
Gold_Bars_Stack
Gold (XAU/USD) rises slow and steady – In-depth Gold technical analysis
Gold (XAU/USD) update: Gold (XAU/USD) remains remarkably resilient, consolidating within a wide $4,500 to $4,900 range despite a hot US CPI print and a surging Dollar. As the metals complex digests China’s 45-month high inflation and pivots toward the high-stakes Trump-Xi summit, explore our in-depth technical analysis for Gold’s next major move.
12-05-2026 20:16 GMT by Elior Manier
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