• REFILE-Lilly’s acute migraine drug succeeds in late-stage study

    Aug 4 (Reuters) – Eli Lilly and Co said on Fridayits acute migraine drug, lasmiditan, induced a statisticallysignificant improvement in pain relief against a placebo in alate-stage study.
    The post REFILE-Lilly’s acute migraine drug succeeds in late-stage study appeared first on RocketNews | Top News Stories From Around the Globe.
  • Yen's Only Hope May Be Currency Intervention. Forecast as of 28.07.2026

    Yen's Only Hope May Be Currency Intervention. Forecast as of 28.07.2026
    USD/JPY bears have little reason to count on the Fed. Instead of attracting capital, Japan risks facing capital outflows, while the BoJ's reluctance to act continues to weigh heavily on the yen. Is there a way out? Let's examine the latest developments and develop a trading strategy.Major Takeaways The Fed's decisions may not affect USDJPY. The Bank of Japan has to remain cautious. The GPIF has no intention of helping the government. Consider selling the USDJPY pair if it drops below 163.35.Week
  • UPS beats earnings expectations, raises full-year guidance

    UPS beats earnings expectations, raises full-year guidance
    United Parcel Service reported second-quarter results that exceeded Wall Street projections and prompted the company to elevate its full-year outlook. The parcel delivery firm posted net income of $604 million, or 71 cents per share, for the quarter ending June 30, representing a decline from the prior-year period’s $1.28 billion, or $1.51 per share. On an adjusted basis excluding one-time items, the company recorded profit of $1.5 billion, or $1.76 per share.
    Following the stronger-than-
  • The bond market’s danger zone is becoming the new normal: Chart of the Day

    The bond market’s danger zone is becoming the new normal: Chart of the Day
    Treasury yields have remained elevated, with the 30-year yield finishing above the 5% threshold for 14 consecutive trading days through Friday—the longest such period since July 2007. This milestone reflects a broader pattern, as the yield has closed above 5% a total of 29 times in the current calendar year, already exceeding the annual frequency recorded since 2007. Previously, such moves above 5% had represented temporary incursions into what Wall Street considers a danger zone, but the
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  • Morning Bid: Chip rout snowballs

    Morning Bid: Chip rout snowballs
    Global semiconductor markets experienced a significant selloff that accelerated overnight, with multiple factors contributing to investor concerns across the sector. Nvidia shares dropped sharply following reports of circular financing arrangements with OpenAI, while shares of South Korean chipmakers SK Hynix and Samsung Electronics declined ahead of their earnings reports. Seoul’s KOSPI index fell nearly 11% on Tuesday, marking its largest daily loss in nearly five months.
    The broader ch
  • Mercedes gets shares boost on stable second quarter despite China woes

    Mercedes gets shares boost on stable second quarter despite China woes
    Mercedes-Benz experienced a share price increase on Tuesday following the release of its second-quarter financial results. The company’s shares climbed as much as 5.9% immediately after the announcement, though gains moderated to 2.9% by late morning trading. The positive market reaction came as the German automaker demonstrated resilience amid broader sector challenges affecting the European automotive industry.
    Operating profit for the second quarter rose 22% to €1.5 billion despit
  • Fitch warns AI market correction emerging as major global credit risk

    Fitch warns AI market correction emerging as major global credit risk
    Ratings agency Fitch identified an artificial intelligence market correction as an emerging major global credit risk in its third-quarter outlook, joining other international watchdogs expressing concern about the trajectory of technology valuations and capital spending in the sector.
    Fitch noted that artificial intelligence investment has become deeply interwoven with economic growth and capital markets, particularly in the United States, creating significant exposure to potential major sellof
  • Dollar hovers near four-week peak as markets mull Fed hike odds

    Dollar hovers near four-week peak as markets mull Fed hike odds
    The U.S. dollar remained relatively stable near its highest level in four weeks on the trading day, hovering around 101.50 on the dollar index, which tracks the greenback against a basket of major currencies. The euro edged up to $1.1370, while the dollar held at 163.745 against the yen and sterling climbed to $1.330.
    Market participants focused heavily on expectations surrounding a potential Federal Reserve interest rate decision scheduled for the following day. The repricing of Fed expectatio
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  • A ‘Super El Niño’ is expected to squeeze commodities even further this year

    A ‘Super El Niño’ is expected to squeeze commodities even further this year
    Scientists are forecasting a particularly intense El Niño weather pattern to emerge this year, according to analysis from major financial institutions. The climate phenomenon, characterized by unusually warm Pacific Ocean waters, is expected to shift global weather patterns and bring extreme conditions including severe droughts, monsoons, flooding, and heat waves to various regions worldwide.
    Bank of America strategists noted that of the 20 El Niño events recorded over the past 75
  • Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.07.2026

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.07.2026
    Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: The price continues to decline in the fifth part of an impulse. Consider short positions with a Take Profit at 57,662.26. XRPUSD: The price is declining in the final impulse wave of the zigzag pattern. Consider short positions with a Take Profit at 0.951. ETHUSD: The price is moving lower in a bearish impulse wave. Short positions can be considered w
  • Short-Term Analysis for Oil, Gold, and EURUSD for 28.07.2026

    Short-Term Analysis for Oil, Gold, and EURUSD for 28.07.2026
    Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Yesterday, gold tested the resistance B of 4,128–4,113.Major Takeaways USCrude: Oil has declined to the Target Zone of 80.53–79.36. XAUUSD: Gold is testing the 4,044 level EURUSD: The euro continues to trade within a short-term downtrend.Oil Pri
  • The Dollar Is Ready for a Fed Surprise. Forecast as of 28.07.2026

    The Dollar Is Ready for a Fed Surprise. Forecast as of 28.07.2026
    De-escalation is underway in the Middle East, but the market is not yet pricing in a complete end to the conflict. Combined with growing uncertainty over the Fed's upcoming rate decision, this is supporting the US dollar. Let's discuss this topic and make a trading plan for EUR/USD. Major Takeaways The probability of a Fed rate hike in July is increasing. Investors are not rushing back to the TACO trade. The market is buying the US dollar on speculation. A break below 1.137 will be a signal
  • Intel Corp Shows Strong Q2 Results and Free Cash Flow – Shorting INTC Puts is Still the Best Play

    Intel Corp Shows Strong Q2 Results and Free Cash Flow – Shorting INTC Puts is Still the Best Play
    Intel Corporation reported second-quarter results on July 23 that surpassed analyst expectations across multiple metrics. Revenue increased 25.4% year-over-year and came in 11.6% above consensus forecasts, with particularly strong performance in foundry production and data center products driven by artificial intelligence-related demand.
    Earnings on a non-GAAP basis rose over 100% to $0.42 per share, exceeding the $0.20 analyst expectation. After accounting for a one-time payment related to acq
  • What Are Perpetual Futures Contracts (Perps)?

    What Are Perpetual Futures Contracts (Perps)?
    Imagine a futures contract that never expires. Instead of closing on a fixed expiration date, you can keep your position open for as long as you choose, whether it is a day, a week, a month, or even longer. That is exactly how perpetual futures contracts work.This financial instrument originated in the cryptocurrency market and quickly gained popularity. Commonly known as "perps," they are now offered by many centralized exchanges, including those that support traditional financial markets. They
  • VW H1 operating profit falls 11.6% on US ID.4 exit, China slump

    VW H1 operating profit falls 11.6% on US ID.4 exit, China slump
    Volkswagen Group reported first-half operating profit of €5.93bn, representing an 11.6% decline from the prior year, as the automotive manufacturer navigated what it characterized as a demanding operating environment. Sales revenue for the period decreased marginally by 0.2% to €158.10bn, while operating return on sales contracted to 3.8% from 4.2% in the comparable period.
    The company attributed the €0.8bn profit decline primarily to approximately €0.5bn in costs associated
  • Oil prices tumble as U.S.-Iran tensions show signs of easing

    Oil prices tumble as U.S.-Iran tensions show signs of easing
    Crude oil futures experienced a significant decline on Monday as market participants reassessed geopolitical risk premiums following indications that U.S.-Iran tensions may be subsiding. Brent crude futures dropped 6% to $90.93 per barrel, while U.S. West Texas Intermediate crude futures fell 6.1% to $83.83 per barrel. The decline reversed much of the previous week’s gains, when conflicts expanding into the Red Sea had pushed Brent close to the $100-per-barrel level.
    Market sentiment shif
  • Gold edges higher as softer dollar offsets easing geopolitical tensions

    Gold edges higher as softer dollar offsets easing geopolitical tensions
    Gold prices moved higher on Monday as weakness in the U.S. dollar supported the precious metal. Spot gold climbed 1.1% to $4,096.36 an ounce, while August U.S. Gold Futures advanced 0.68% to $4,098.60 an ounce by early trading. The metal had posted gains of nearly 1% at the end of the prior week despite volatile conditions.
    The U.S. Dollar Index declined 0.3% on Monday, making gold more accessible to investors using other currencies and underpinning demand. Energy markets also contributed to se
  • Five market themes investors will be watching this week

    Five market themes investors will be watching this week
    Financial markets were preparing for one of the busiest weeks of the year, with multiple events poised to influence sentiment across global asset classes. Central bank decisions, major technology company earnings reports, key U.S. economic data releases, and developments in the Middle East were all anticipated to shape trading activity.
    The Federal Reserve was scheduled to announce its monetary policy decision on Wednesday following a two-day meeting, with investors monitoring how policymakers
  • Eli Lilly says it will file for approval of next-generation obesity drug in 2027 as it clears two more trials

    Eli Lilly says it will file for approval of next-generation obesity drug in 2027 as it clears two more trials
    Eli Lilly stated on Thursday that it intends to file for regulatory approval of retatrutide, its next-generation obesity treatment, during the first quarter of 2027. The company had previously indicated it might submit an application as early as that year, but determined it requires additional time to compile and verify manufacturing and quality-control data required by regulatory authorities before proceeding with the filing.
    The pharmaceutical company reported positive results from two separa
  • What Is Liquidation in Crypto Trading?

    What Is Liquidation in Crypto Trading?
    Imagine a trader who opens a Bitcoin trade with 1:10 leverage after reading market analyses and listening to yet another "guru." If the market moves just 10% against the position, the trader's margin is wiped out, and the exchange automatically closes the trade.This process is called liquidation: the exchange closes the trader's leveraged position and uses margin to cover borrowed funds. Such events are common. In May 2021 alone, approximately $8 billion worth of crypto positions were liquidated
  • EuroStoxx 50: The Third Attempt Finally Proved Successful!

    EuroStoxx 50: The Third Attempt Finally Proved Successful!
    The de-escalation of the conflict in the Middle East, optimistic earnings prospects for European companies, lower exposure to Big Tech, and other factors continue to fuel the EuroStoxx 50 rally. Let's discuss this topic and outline a trading plan.Major Takeaways De-escalation has lifted the EuroStoxx 50. The risk of further ECB rate hikes is receding. Corporate earnings forecasts in Europe are being revised upward. Long positions in the EuroStoxx 50 targeting 6,600 and 6,800 remain relevant.Fund
  • Short-Term Analysis for Oil, Gold, and EURUSD for 27.07.2026

    Short-Term Analysis for Oil, Gold, and EURUSD for 27.07.2026
    Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.Short-term forecast for oil, gold, and euro-dollar today. Amid news concerning Iran, oil prices opened below the key support level today.Major Takeaways USCrude: Oil is in a downward correction. XAUUSD: Gold has hit the first downside target near 4,044. EUR
  • Middle East De-escalation Keeps Euro Afloat. Forecast as of 27.07.2026

    Middle East De-escalation Keeps Euro Afloat. Forecast as of 27.07.2026
    The odds seemed stacked against the euro. The ECB did little to support the EUR/USD pair, while the conflict in the Middle East and fresh US tariffs boosted demand for the US dollar. But as tensions began to ease, the narrative quickly shifted. Let's examine the key drivers and develop a trading plan.Major Takeaways The de-escalation of the US-Iran conflict has saved the euro. White House tariffs lose their impact. The return of the TACO trade is weighing on the US dollar. Consider holding long
  • Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.07.2026

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 27.07.2026
    Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: The price may decline in the fifth part of an impulse. Consider short positions with a Take Profit at a low of 57,662.26. XRPUSD: The price is expected to decline in the final impulse wave of the zigzag pattern. Consider short positions with a Take Profit at 0.951. ETHUSD: The price may fall within a bearish impulse wave. Short positions can be consi
  • Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs

    Southwest Airlines’ third-quarter forecast falls short as fuel bill climbs
    Southwest Airlines announced a 9.4% increase in second-quarter net income compared with the previous year, reaching $233 million or 47 cents per share. The airline’s revenue climbed 16.4% to $8.4 billion during the period. However, the Dallas-based carrier’s forward guidance disappointed market participants, forecasting third-quarter adjusted earnings of 50 cents to 75 cents per share, below the 82 cents that analysts had projected.
    The airline anticipates third-quarter sales will r
  • Oil Market’s Glut Narrative Just Blew Up

    Oil Market’s Glut Narrative Just Blew Up
    The oil market’s anticipated oversupply narrative reversed sharply following escalating geopolitical tensions that disrupted critical supply routes. Brent crude climbed above $100 per barrel this week after Houthi forces struck Saudi tankers in the Bab el-Mandeb Strait, a key chokepoint through which Saudi Arabia has been routing exports due to Iranian blockade activity at the Strait of Hormuz. The attacks prompted tanker operators to redirect vessels toward longer, more expensive alterna
  • Mobileye Stock Is Down Despite Strong Results as Its Founder Steps Down. View the CEO Switch as a Reset, Not a Red Flag.

    Mobileye Stock Is Down Despite Strong Results as Its Founder Steps Down. View the CEO Switch as a Reset, Not a Red Flag.
    Mobileye Global reported strong second-quarter results on July 23, 2026, posting revenue of $508 million and adjusted earnings per share of $0.19, both surpassing analyst expectations. The company also raised its full-year revenue guidance to a $2 billion midpoint from $1.98 billion previously. Adjusted operating income reached $155 million compared to a forecast of $42.74 million, while operating margin improved to 30.5%.
    Despite the solid quarterly performance, the stock experienced a sharp d
  • After 80 stores close, 63-year-old chain gives Chapter 11 warning

    After 80 stores close, 63-year-old chain gives Chapter 11 warning
    Leslie’s Pool Supply is confronting significant financial difficulties that have prompted the company to explore restructuring options including a potential Chapter 11 bankruptcy filing, according to reporting from Bloomberg. The pool supply retailer, which has operated for 63 years, closed approximately 80 underperforming locations during the first quarter as part of a broader cost-reduction and operational restructuring initiative. The company also shut down one distribution center in I
  • Why CoreWeave Stock Fell 30% in Just 1 Month

    Why CoreWeave Stock Fell 30% in Just 1 Month
    CoreWeave, a neocloud provider, experienced a significant stock decline that raised questions about the sustainability of its business model and market position. The company had recently reported strong revenue growth, with first-quarter 2026 revenue reaching $2.1 billion, more than double the prior year, and a revenue backlog of approximately $100 billion. Despite these impressive figures, the company remained unprofitable under generally accepted accounting principles, though it reported posi
  • Rising inflation turns July Fed meeting into rate-hike showdown

    Rising inflation turns July Fed meeting into rate-hike showdown
    The Federal Reserve’s upcoming policy meeting on July 28-29 has shifted from an expected routine hold on interest rates to a closely contested decision, with economists and traders now viewing the outcome as highly uncertain. Several economic developments have altered the landscape since earlier projections suggested the central bank would maintain its benchmark Federal Funds Rate in the 3.5% to 3.75% range.
    Geopolitical escalation in the Middle East has caused energy prices to rise again

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