Top News and Analysis

Chart alert: Microsoft (MSFT) bearish Head & Shoulders pattern emerges ahead of earnings

Microsoft's fiscal Q4 2026 earnings will be closely watched as investors assess whether the software giant can convert record AI infrastructure spending into stronger Azure growth, Copilot monetisation, and free cash flow. With Microsoft's Capex-to-Revenue ratio reaching a record high among the Magnificent 7 and technical indicators turning increasingly bearish, traders will focus on whether management's guidance can justify its elevated AI investment strategy.

29-07-2026 06:59 GMT by Kelvin Wong

Chart alert: Intel (INTC) bearish momentum intact below 120.35 as earnings loom

Intel reports its Q2 2026 earnings with investors closely watching whether its AI-driven turnaround can justify its 172% year-to-date rally. Beyond headline EPS and revenue, traders will focus on Data Centre and AI growth, capital expenditure, free cash flow, and management guidance. With technical indicators weakening and AI spending coming under greater scrutiny following Alphabet's earnings, Intel faces a critical test of both fundamentals and market sentiment.

23-07-2026 09:11 GMT by Kelvin Wong

Chart alert: Nasdaq 100 at risk of triggering a multi-week corrective decline leg

The Nasdaq 100 is showing signs of increasing technical and fundamental weakness as AI infrastructure stocks lose momentum and semiconductor volatility accelerates. Leveraged unwinding in memory-chip leaders, concerns over rising capital expenditure, and delayed AI monetisation are weighing on valuations. Discover why the 28,200 support level is a critical technical trigger and how semiconductor weakness could drive a broader multi-week correction in US technology stocks.

17-07-2026 10:24 GMT by Kelvin Wong

Chart alert: Bullish exhaustion signals sighted in Goldman Sachs (GS) ahead of earnings

Goldman Sachs heads into its Q2 2026 earnings after outperforming the S&P 500 and financial sector by a wide margin, raising the bar for another positive surprise. Investors will focus on investment banking fees, trading revenue, and management's outlook for capital markets activity. With US CPI, Fed Chair Kevin Warsh's testimony, and renewed Middle East tensions also driving sentiment, bearish technical signals suggest the stock may be approaching a mean-reversion phase.

14-07-2026 08:43 GMT by Kelvin Wong

Chart alert: SpaceX (SPCX) Nasdaq-100 inclusion flashes a historical “sell-the-news” warning

SpaceX's fast-tracked inclusion into the Nasdaq-100 is expected to unleash around US$4.3 billion of passive buying from index-tracking funds, but history suggests investors should be wary of a potential "sell-the-news" reversal. Explore why previous Nasdaq-100 additions such as Palantir and Strategy experienced sharp post-inclusion corrections, how SpaceX's elevated AI-driven valuation increases downside risks, and the key technical levels traders should monitor.

07-07-2026 08:58 GMT by Kelvin Wong

The US labour market is losing momentum – as is the USD

The June U.S. jobs report points to a clear slowdown in the labor market, with weaker nonfarm payrolls growth, lower labor force participation, and easing wage pressure. While layoffs remain limited, the data reduce pressure on the Fed to tighten policy further and have weighed on the U.S. dollar.

02-07-2026 16:19 GMT by Krzysztof Kamiński

Chart alert: USD/JPY plummeted 0.5% on suspected deliberate intervention, key levels to watch ahead of NFP

USD/JPY tumbled sharply after a sudden bout of yen strength raised suspicions of stealth intervention by Japanese authorities ahead of the closely watched US non-farm payrolls report. While widening US-Japan yield spreads continue to favour a stronger dollar, record speculative short positions in the yen increase the risk of further intervention-driven volatility. Traders are now watching the critical 160.90 support level and the US jobs report for the next major directional catalyst.

02-07-2026 08:26 GMT by Kelvin Wong

Chart alert: S&P 500 risks bull trap as stronger US dollar threatens Q2 rally

The S&P 500 finished Q2 2026 with its strongest quarterly performance since 2020 after a late surge driven by institutional window dressing and easing US-Iran tensions. However, the rally now faces a critical test as the US Dollar Index breaks to a 13-month high following the June FOMC meeting. Investors are closely watching Fed Chair Kevin Warsh's speech and this week's US jobs report, with further dollar strength potentially triggering a short-term bearish reversal in US equities.

01-07-2026 09:35 GMT by Kelvin Wong

Chart alert: USD/JPY bullish break above 161.95 signals further yen weakness

USD/JPY has broken decisively above the critical 161.95 resistance level, signalling a continuation of its medium-term bullish trend despite repeated verbal intervention from Japanese officials. A widening US-Japan yield differential, expectations of further Federal Reserve tightening, Japan's expansive fiscal stimulus, and persistent foreign capital inflows into Japanese equities continue to weaken the yen. Traders now watch whether authorities move beyond rhetoric to direct FX intervention.

30-06-2026 07:18 GMT by Kelvin Wong

US PCE inflation remains sticky in May as consumer spending accelerates; EURUSD reacts

May PCE inflation remained sticky at 4.1% headline and 3.4% core, underscoring persistent price pressures and supporting the Federal Reserve’s "higher for longer" policy outlook. Following the release, EURUSD has staged a technical breakout above its descending channel, with bullish momentum building. Explore our latest market analysis for insights into the economic drivers and key technical levels impacting the pair.

26-06-2026 00:15 GMT by Moheb Hanna

Asia open: Micron earnings beat sparks global semiconductor rally, USD remains firm

Global technology stocks rebounded after Micron Technology delivered blockbuster FY Q3 earnings and record guidance, reinforcing confidence that AI infrastructure spending remains exceptionally resilient. Strong demand for HBM reignited semiconductor shares across Asia, while crude oil extended losses as the reopening of the Strait of Hormuz continued to unwind the geopolitical risk premium. Investors are now turning their focus to the US Core PCE inflation as the next major market catalyst.

25-06-2026 03:50 GMT by Kelvin Wong

Micron Technology (MU) forecast: Bearish momentum signals are emerging

Micron Technology heads into its FYQ3 earnings release after an extraordinary 268% year-to-date rally, making it one of the best-performing AI infrastructure stocks of 2026. Investors are closely watching demand for high-bandwidth memory, DRAM and NAND pricing, margin expansion, and forward guidance to gauge the sustainability of the AI spending boom. While fundamentals remain strong, technical indicators suggest the stock may be vulnerable to profit-taking.

24-06-2026 11:22 GMT by Kelvin Wong

Asia open: Tech selloff deepens as US Dollar strength pressures global markets

Global markets turned defensive as a broad technology selloff hit Wall Street and Asia-Pacific semiconductor stocks. The Nasdaq 100 plunged 3.3% while the US Dollar Index extended its breakout above 101.00, supported by rising Treasury yields and persistent higher-for-longer rate expectations. Meanwhile, oil prices continued to slide as Iranian export waivers and normalised Strait of Hormuz shipping flows accelerated the unwinding of the geopolitical risk premium.

24-06-2026 04:40 GMT by Kelvin Wong

Asia open: US stock futures and Asia Pacific equities wobbled on a firmer US dollar

Global markets entered a more cautious phase as a stronger US dollar and rising Treasury yields offset positive sentiment from easing Middle East tensions. Oil prices continued to decline following the US-Iran 60-day peace roadmap and temporary authorisation of Iranian crude exports. AI-related capital expenditure remained a bright spot, with Micron and Anthropic unveiling a major strategic partnership that lifted semiconductor stocks and reinforced the long-term AI infrastructure investments.

23-06-2026 04:08 GMT by Kelvin Wong

Asia open: Markets whipsawed as fresh geopolitical friction jolts Switzerland peace talks

Global markets started the week cautiously as fresh geopolitical friction disrupted US-Iran peace negotiations in Switzerland. Although the Strait of Hormuz remains open and crude oil exports continue to flow normally, investors remain wary of potential setbacks to a permanent agreement. The US dollar extended its strength on the back of the Federal Reserve's hawkish policy stance, while Asian currencies faced renewed pressure and equity performance diverged across the region.

22-06-2026 04:25 GMT by Kelvin Wong

A hawkish Fed and a dovish SNB are driving gains in USDCHF

USDCHF extended its upward move, gaining 1.3% this week and more than 3.3% since the start of the month. The pair was supported by a stronger US dollar after hawkish signals from the Fed, while the Swiss franc weakened as the SNB kept rates at 0% and signaled readiness to intervene in the FX market.

19-06-2026 18:02 GMT by Krzysztof Kamiński

Asia open: US stock futures retreated ahead of Juneteenth holiday, US dollar remains firm

Global markets are adjusting to a new post-conflict reality as the Strait of Hormuz officially reopens following the US-Iran peace agreement. Oil prices have plunged to multi-month lows, removing much of the geopolitical inflation premium that dominated markets earlier this year. Meanwhile, the US dollar remains firmly supported by the Federal Reserve’s hawkish stance under Chair Kevin Warsh, while equities balance improving risk sentiment against higher-for-longer interest rates.

19-06-2026 05:06 GMT by Kelvin Wong

Asia open: Wall Street slumps as Kevin Warsh delivers hawkish hold, GBP/USD’s plunge hits support ahead of BoE

Global markets reacted sharply after the Federal Reserve delivered a hawkish hold at its June 2026 FOMC meeting. New Fed Chair Kevin Warsh kept interest rates unchanged but surprised investors by removing traditional forward guidance and signalling a stronger data-dependent policy framework. The shift triggered a selloff in US equities, boosted the US dollar, pressured gold prices, and reinforced expectations that the Fed could still raise interest rates before the end of 2026.

18-06-2026 04:39 GMT by Kelvin Wong

FOMC trading playbook: How a hawkish Fed could impact Nasdaq 100, Gold, EUR/USD and AUD/USD

The June 2026 FOMC meeting could become one of the most important policy events of the year. While markets expect the Federal Reserve to keep interest rates unchanged, traders are focused on the dot plot, updated economic projections, and new Fed Chair Kevin Warsh’s first press conference. With futures now pricing a 77% chance of a rate hike by December, a hawkish shift could strengthen the US dollar and pressure gold, the Nasdaq 100, EUR/USD, and AUD/USD.

17-06-2026 06:59 GMT by Kelvin Wong

Asia open: S&P 500 rally pauses before Fed, Nikkei 225 eyeing 70,000, crude oil plunges to 3-month low

Global markets paused ahead of the Federal Reserve’s June policy decision as investors await the debut of Fed Chair Kevin Warsh. The S&P 500 retreated while the Nasdaq 100 fell nearly 2% amid semiconductor weakness. Meanwhile, crude oil plunged to a three-month low as a US-Iran peace agreement and the reopening of the Strait of Hormuz moved closer to reality. The Dow Jones hit a record high as investors rotated from technology stocks into financials and industrials.

17-06-2026 02:07 GMT by Kelvin Wong