Seagate is due to report earnings after the closing bell Tuesday, with options pricing suggesting traders see its stock swinging as much as 12% in either direction by the end of the week.
The stock has slipped off its highs in recent weeks amid a broader pullback in the AI trade.
Seagate is slated to report earnings after the closing bell Tuesday, and traders are anticipating a big move from the hard drive maker's stock following the results.
Based on recent options pricing, traders expect Seagate (STX) shares could swing as much as 12% in either direction by the end of the week. A move of that size from the stock's level midday trading Monday could see the shares rebound above $900, where they were earlier this month, or drag them down to around $720.
The shares have tripled in value since the start of the year, though they've slipped roughly 30% from their highs last month amid a broader pullback in the AI trade in recent weeks.

#shares #tuesday #closing

Cotton futures are trading with 70 to 86 points higher at Monday's midday. Crude oil is down $6.63 per barrel, with the US dollar index up 0.018.
Friday afternoon's Commitment of Traders report showed managed money spec funds in cotton futures and options adding another 3,525 contracts to their net long in the week ending on Tuesday to 53,209 contracts.
What Do Monday Morning's Markets Bring to Mind?
Everyone Loves November Soybeans Right Now. History Doesn't!
Abundant Supplies Slam Cocoa Prices

#crude #commitment

US tech stocks regained their footing on Tuesday as a sell-off in chip stocks underscored concerns about AI circular financing deals, countering a drop in oil prices and earnings optimism.
The Nasdaq Composite (^IXIC) bounced back from earlier losses to hover near the flat line. The S&P 500 (^GSPC) rose nearly 0.4%, while the Dow Jones Industrial Average (^DJI) climbed 1.2% as investors weighed the latest quarterly results.
Stocks generally moved higher as the earnings deluge continued. Boeing (BA), Ford (F), PayPal (PYPL), and Coca-Cola (KO) all rose after reporting results, with Coca-Cola stock on track for its best day since 2009. Investors will be watching SK Hynix's results due around 8 p.m. ET for insight into the memory trade as AI worries swirl.
That helped offset souring sentiment in the chip sector amid reports that Nvidia (NVDA) is exploring a $250 billion funding backstop for OpenAI (OPAI.PVT), further intertwining the two companies and heightening worries about circular financing. Tech traders also grew nervous that Chinese competition is narrowing the AI gap with US companies, undermining prospects for a payoff.
Oil prices, meanwhile, continued to retreat after the US and Iran halted active fighting and President Trump said the two sides were in diplomatic talks. "There's a good chance that something could happen, and if it does, good," Trump said aboard Air Force One on Monday. "If it doesn't, we go back to doing what we were doing."

#circular

The Federal Reserve kicks off its two-day policy meeting on Tuesday, culminating with an interest rate decision at 2:00 p.m. ET on Wednesday. The Fed's next move — to hold or hike — remains a close call.
Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in Iran and AI bottlenecks could prompt officials to opt for a surprise hike. Bond traders placed 68.5% odds that the Fed will hold rates steady and 31.5% odds that it will hike, according to the CME Group's FedWatch on Tuesday morning.
The Fed's decision is opaque not only due to the balance of economic forces; it's also by design. As new Fed Chairman Kevin Warsh reforms the institution, he's looking to bring the Fed back to an era of less communication with markets on the path of policy.
Warsh has repeatedly said he wants a "good family fight" at Federal Open Market Committee (FOMC) meetings. He's likely to get that, as officials remain divided on whether to hike interest rates this year.
Bloomberg report:

#interest #federal #markets #hold

As the Dow Jones Industrial Average and other stock indexes traded higher during Tuesday's session, Chevron (CVX), ASML (ASML), ATI (ATI) and Snowflake (SNOW) were among the names to watch.
With the S&P 500 and Nasdaq composite down in recent sessions, traders who use Investor's Business Daily's IBD Methodology should be focusing on defense, while identifying top-performing growth stocks for when the market trend shifts.
Dow Jones energy giant Chevron is approaching a double-bottom entry at 198.87 amid sharp gains in recent weeks, according to IBD MarketSurge chart **** ysis. Shares reversed from early gains to fall more than 1% midday Tuesday, threatening to add to Monday's steep drop.
Oil prices extended Monday's losses, down another 4% in midday trading Tuesday. On Monday, crude prices plunged 7.5% to $82.61 a barrel amid optimism for renewed U.S.-Iran talks.
Chevron stock backstory: Chevron earnings are set for Friday morning, with **** ysts looking for earnings of $5.55 a share and revenue of $63.3 billion.

#chevron #asml #gains

US tech stocks sank before the bell on Tuesday as a sell-off in Korean memory makers underscored concerns about AI circular financing deals, overshadowing a drop in oil prices and earnings optimism.
Contracts on the Nasdaq-100 (NQ=F) fell 0.9%, signaling further losses for the tech-heavy index, while those on the S&P 500 (ES=F) dropped 0.2%. But Dow Jones Industrial Average futures (YM=F) edged into the green, up 0.1%.
South Korea's Kospi (^KS11) stock benchmark tumbled over 10% on Tuesday as investors dumped shares in top memory chipmakers SK Hynix (SKHY, 000660.KS) and Samsung Electronics (005930.KS), which sank more than 14% and 13%, respectively.
Sentiment on the AI trade has soured amid reports that Nvidia (NVDA) is exploring a $250 billion funding backstop for OpenAI (OPAI.PVT), further intertwining the two companies and heightening worries about circular financing. Tech traders also grew nervous that Chinese competition is narrowing the AI gap with US companies, undermining prospects for a payoff.
Oil prices, meanwhile, continued to retreat after the US and Iran halted active fighting and President Trump said the two sides were in diplomatic talks. "There's a good chance that something could happen, and if it does, good," Trump said aboard Air Force One on Monday. "If it doesn't, we go back to doing what we were doing."

#sank #circular #financing #further

London looks set to open in the red on Friday, with tech selling and oil topping $100 a barrel combining to darken the mood heading into the weekend.
Futures traders have the FTSE 100 called 40 points lower, building on Thursday's 77-point decline to 10,639. The blue-chip index faces pressure from two directions: a sharp Wall Street sell-off driven by disappointing Big Tech earnings, and fresh geopolitical anxiety in the Middle East pushing oil prices to triple figures for the first time in months.
US stocks fell heavily overnight, with the Nasdaq leading the way down 2.2% as investors took a dim view of quarterly results from Alphabet and Tesla. The S&P 500 dropped 1.2%, its worst session of the month, while the Dow shed 1%.
The problem wasn't the earnings themselves, according to Swissquote's Ipek Ozkardeskaya; it was the spending. "Earnings themselves were not the problem; spending and evaporating free cash flow were," she said. "Both Alphabet and Tesla stood by their capital investment plans, while Alphabet raised its capex outlook by $15 billion to $205 billion. Meanwhile, free cash flow at both Alphabet and Tesla turned negative in the second quarter."
Ozkardeskaya warned that Big Tech, once defined by being capital-light and cash-heavy, is becoming the opposite: increasingly reliant on equity and debt issuance to finance AI ambitions at a time when interest rate expectations are moving higher.

#tesla #ozkardeskaya

The European Central Bank is expected to leave rates unchanged at its meeting concluding today, choosing patience over prediction and preserving maximum room for manoeuvre ahead of a big decision by September.
Neither traders nor ******* ysts believe the ECB will deliver a second consecutive hike today after last month's increase. That means the deposit rate is seen remaining at 2.25%, a level officials have described as being "appropriate" as they evaluate implications of a re-escalation in the US-Iran conflict.
In an economists' panel for Bloomberg I sat on, most economists left open the chance of a second quarter-point rise in rates by September, when policymakers will have new quarterly projections.
A ceasefire following the June ECB meeting along with weaker-than-anticipated inflation that month had bolstered hopes that the worst of the crisis may have passed. However – fresh hostilities recently, placing Brent oil back around USD 100 a barrel, have revived expectations for more tightening ahead.
Traders currently wager that an initial June move will be followed up by another in September and a final one by the end of this year. The ECB's projections last month were based on ******* umptions for a total of three hikes this cycle.

#september

Commodity traders are having the rug pulled out from under one of their biggest paydays yet as refiners start bypassing oil and traders and buying Venezuelan crude directly, according to Reuters. Refiners and major oil-producing firms are rapidly gaining market share in Venezuelan crude by locking in direct supply contracts with state-run Petróleos de Venezuela, S.A. (PDVSA), bypassing the global middlemen and commodity trading houses such as Trafigura and Vitol that previously dominated the ***** e.
Six months after traders reopened Venezuela's oil market, Phillips 66 (NYSE:PSX) and India's Reliance Industries have already signed direct supply agreements, with Valero (NYSE:VLO) and Thailand's Tipco expected to follow.
Previously, Vitol and Trafigura enjoyed first-mover advantage, managing to become dominant in Venezuelan crude marketing because of their exclusive U.S. government licenses, pre-existing logistical infrastructure and historical ties to PDVSA. Following major political shifts in Venezuela in January, the U.S. administration brokered a deal to manage and sell the country's oil. The U.S. Department of the Treasury issued special, long-term licenses specifically to Vitol and Trafigura until June 2027, effectively giving the traders a temporary monopoly. The pair collectively moved more than 100 million barrels of crude over a six-month period while other global firms remained legally locked out.
Their unmatched logistics also gave them a clear upper hand. After all, global trading houses have the fleet capacity and global reach to quickly deploy tankers and reroute large volumes of crude. They could absorb massive storage and shipping costs in a difficult market, using floating storage facilities in places like Malaysia to break up bulk shipments. When the ongoing war in Iran disrupted Middle Eastern supply chains, Vitol and Trafigura quickly diverted heavy Venezuelan grades like Merey 16 to major Asian refining hubs in India, South Korea, and Malaysia at narrower discounts.
Related: Equinor CEO: Europe May Miss Winter Gas Storage Goal

#venezuelan #crude #storage

Big-box retailer Walmart (WMT) has been one of the more disappointing tickers in the market and for arguably obvious reasons. With a spiraling Iran conflict that could potentially worsen, WMT stock faces serious technical pressure. As headwinds in both the energy and consumer markets apply stress to the retail industry, WMT has been on the wrong side of equity transactions.
In the trailing month, Walmart stock has declined by nearly 6%, bringing its year-to-date performance to 1% below parity. Subsequently, the Barchart Technical Opinion indicator rates the ticker as a 72% Strong Sell, with traders seemingly concerned about signs of consumer fatigue that are not adequately balanced out by the trade-down effect.
Bloom Energy Stock Is Very Risky, But This Speculative Trade on BE Is Tantalizing Here
CRWD Short Strangle Could Net $1,045 in a Few Weeks
Unusual Put Options Volume in Fox Corp After FOXA Stock Rebounds After Roku Deal Reaction

#walmart #trade #Consumer

This article was originally published on ETFTrends.com.
Robinhood Markets (HOOD) reports second-quarter results on Wednesday, July 29. That could be an ideal time for active traders to consider single-stock ETFs such as the Direxion Daily HOOD Bull 2X ETF (HODU).
Ahead of the report, traders considering this leveraged ETF should examine some of the catalysts that could move Robinhood shares. It should also be noted that HODU attempts to deliver 200% of the daily returns of the financial services stock. That is to say, this is a short-term ETF, not one that should be treated as a buy-and-hold fund.
Heading into Robinhood earnings, Wall Street is bullish on the financial services stock. On Monday, Needham reiterated a "buy" rating on the stock, while boosting its price target to $123 from $97. Citing strength across various business lines, including cryptocurrency, equities, options and prediction markets, Needham boosted its 2026 and 2027 revenue estimates on Robinhood. It noted that the brokerage firm's core retail customer remains heavily engaged with the platform.
In recent months, prediction markets have increasingly become a focal point in the Robinhood investment thesis. It's an issue for traders considering HODU to stay abreast of as well.

#hodu

Nvidia (NVDA) CEO Jensen Huang's signed leather jacket sold for $960,000 Friday, the same day semiconductor stocks fell into a bear market. The contrast captures an AI boom with a cultural appeal that remains intact even as traders brace for much larger swings in its most important stocks.
Fear has surged in chip stocks while remaining remarkably contained across the broader market. The Cboe SMH Volatility Index uses options prices to estimate expected movement over the next 30 days in the VanEck Semiconductor ETF (SMH). The Cboe Volatility Index (^VIX) measures the same basic thing for the S&P 500.
Subtracting one from the other shows how much extra turbulence traders expect from chip stocks. That gap recently reached nearly 47 volatility points and remains close to 45.
That is a striking departure from the broad market panic after the "Liberation Day" tariffs were announced in April 2025. When the VIX surged over 50, the chip volatility premium was less than half its current size.
Back then, fear was everywhere. Today, it is concentrated in chips.

#stocks #semiconductor #same

By Caroline Valetkevitch and Ankur Banerjee
NEW YORK/SINGAPORE, July 21 (Reuters) - Major stock indexes rose on Tuesday with the Nasdaq and chipmaker shares surging, while oil prices climbed to a five-week high amid rising tensions in the Iran conflict.
The **** anese yen ‌weakened 0.41% against the greenback to 163.14 per dollar, breaching the 163 mark for the first time since December 1986 as ‌traders braced for possible intervention in the currency by the **** anese government.
Two oil tankers carrying Saudi crude to Asia reversed course in the Red Sea after threats from Yemen's Iran-aligned Houthis.
Brent futures rose $1.79, or 2.0%, to settle at $91.01 a barrel, while U.S. West Texas Intermediate crude gained $1.68, or 2.0%, to settle at $84.91. It was the highest close for Brent since June 10 and for WTI since June 11.

#caroline

Space Exploration Technologies Corp (SPCX) -- or ******* eX -- is now what Wall Street calls a "broken IPO," meaning a stock trading below its IPO price. The company was valued at $135 in the largest IPO in history. The stock's first trade on June 12 was $150, and it closed just above $200 on that day. Since then, however, it has fallen back to Earth and even investors who got in at the IPO price are now at a loss.
The IPO price is a psychological benchmark that traders anchor to as a fair valuation. Falling below this level can cause the belief that the stock was overhyped causing selling pressure and a reluctance to purchase the stock until it settles. Additionally, institutions who got in at the IPO price are now in a losing position and may look to sell shares on any rally back toward that level.
This week I'll look at other broken IPOs and see if we can determine the chance of further losses compared to overtaking that important IPO price.
We've been tracking the major IPOs for some time now. Our list is by no means a comprehensive list and consists mainly of more popular IPOs. Survivorship bias is also prevalent in the list since it includes only stocks currently trading. Despite that caveat, I think this is an insightful study.
Using the list of IPOs, I identified instances in which a stock closed at least 25% above its IPO price and then, at some point within the next six months, closed below its IPO price. The table below summarizes the stock returns after a signal was generated. The second table shows what returns would have been achieved by purchasing the S&P 500 Index instead.

#ipos #list #since

Bond traders and Federal Reserve Chairman Kevin Warsh are in agreement on a crucial point: The central bank's fight against inflation still seems far from over. The Labor Department report that US consumer prices in June saw the first monthly drop since 2020 was met with relief in financial markets, where investors last week rapidly unwound bets that the central bank might start raising interest rates later this month. Rob Sockin, Chief Economist at PGIM, discusses his base case of three rate hikes in 2026.

#bond #labor #june

XRP (CRYPTO: $XRP) has formed a bullish chart pattern known as a "triangle breakout."
The XRP token is up 4% in the last 24 hours and trading at $1.14 U.S. as investors and traders chase a potential big move higher in the cryptocurrency.
Analysts say that XRP could vault as high as $1.35 U.S. following the formation of the triangle breakout pattern.
More From Cryptoprowl:
Hyperliquid HIP-3 Volume Nears 50% as Onchain Stock Trading Accelerates

#trading #triangle #breakout #Crypto

The Nasdaq 100 has shown itself to be a resilient index in the early part of Tuesday trading, as we have bounced from that crucial 28,500 level. This is a market that I think continues to be very noisy, but it looks like it is trying to defend the overall consolidation area. The 30,000 level above has been an area of significant resistance, and now it looks like we are just trying to reenter that area that we had spent so much time in over the last several months. It is earnings season, so that will have its influence as well.
The Dow Jones 30 rallied initially during the trading session on Tuesday, but it looks like it is just going to struggle to hang onto those gains from what we have seen so far. That being said, it is still in a strong uptrend and has been for quite some time, so it is a bit sluggish, but I would not necessarily look at this and think most traders would see a trend change.
This is a market that is more likely than not going to continue to pay attention to interest rates around the world, and this is a market that also has been at a nice 45-degree angle to the upside as far as the trajectory of the trend is concerned. The 50-day EMA is at 51,416 and rising, and has acted a bit like a trend line, so it looks like it is still supported.
The S&P 500 is bouncing from a trend line of the ascending triangle that it has been trying to form. So, with that being said, the market looks very much like a market that is coiling up, and if it is going to continue to see this coil action, one would anticipate that perhaps it is a market that will eventually resolve.
As it is in an ascending triangle, a lot of traders may be looking for a bit of upward pressure. We will just have to wait and see. But the 7,500 level continues to be a little bit of short-term resistance. Breaking above there would lead to more confidence for me, at least, that this market could rally. To the downside, the 50-day EMA offering support, I think, is something worth watching.

#trying

This article was originally published on ETFTrends.com.
In another one of this week's tests of investor sentiment around artificial intelligence (AI) – and a tentpole one at that -- Google's parent company, Alphabet (NASDAQ: GOOGL), reports second-quarter results after the close of U.S. markets on Wednesday, July 22.
This report could be an opportune time for short-term traders to consider Alphabet single-stock ETFs, such as the Direxion Daily GOOGL Bull 2X Shares (GGLL) and the Direxion Daily GOOGL Bear 1X Shares (GGLS). When preparing for Alphabet's earnings with these funds, traders should note that GGLL attempts to deliver 200% of the daily returns of the internet stock, while the bearish GGLS seeks intraday performances corresponding with the inverse returns of Alphabet.
Although shares of Alphabet are up 12% year to date, they have slipped 3% over the past month — perhaps signaling a near-term burden of proof for the company as it heads into its earnings report. If that's accurate, either GGLL or GGLS could be worth considering.
"Look for Google Cloud growth in both quarterly numbers and contracted future revenue (or backlog)," noted Malik Khan of Morningstar. "We think investors want certainty that the $460 billion backlog will convert to sales over the next two years, and also want to know what that trajectory will look like. Non-backlog factors, such as consumption-based spending and new commitments, will be important for understanding the health of the cloud business."

#daily #cloud

Futures traded higher Tuesday after all four major indices fell Monday, with Iran's foreign ministry signaling openness to further discussions.
ADBE was slashed to Underweight at a $240 target, while Morgan Stanley crashed CRM's price target to $185 from $287 in steep downgrades.
Morgan Stanley ****** umed MSFT with Overweight at a $600 target and nearly doubled FTNT's price target to $133 from $80.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Futures are trading higher on Tuesday as traders anxiously await more positive earnings reports after a lower day on Wall Street, as chip stocks rebounded somewhat, and Iran, after 9 straight nights of U.S. attacks, had its foreign ministry indicate that discussions could be pursued further. That is a good idea, given that the Iranian government had also told citizens to limit their electricity use. When the smoke cleared on Monday, all four of the major indices closed lower. The Nasdaq closed at 25,508, down 0.05%, while the Dow Jones Industrial Average closed the session at 51,839, down 0.59%. The S&P 500 closed at 7,443, down 0.19%, while the small-cap Russell 2000 was the biggest loser, last seen at 2,942, down 0.67%. With earnings season now in full swing, all eyes will not only be on earnings but also on forward guidance. Any ambiguity in either could spell trouble for the reporting company.

#morgan #stanley

With Tesla earnings scheduled for tomorrow, July 22, a veteran chart ****** yst says TSLA stock is set to fall, and the options market just backed him with a roughly $550 million bet against it.
Carter Worth is an American financial expert, famously known as "Chart Master" on CNBC. Worth's projection on Tesla stock is backed by market data. Money flow has turned negative and traders are hedging, even as Wall Street keeps raising its price targets.
Most retail investors might not know Carter Worth, but Wall Street does. He is a 35-year market veteran and founder of Worth Charting, a regular CNBC guest and co-host of Options Action.
This week, Worth told CNBC that Tesla's chart points to a decline ahead.
The options market agrees, as traders placed a roughly $550 million bet against Tesla into the print, and implied volatility sits in the 78th percentile of its past year. It is a sign the market is braced for a large move.

#carter #wall

Dodgers vs Phillies prediction for Wednesday: Trade MLB on Polymarket originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Get ready for a blockbuster National League showdown as the Los Angeles Dodgers are in the City of Brotherly Love to take on the Philadelphia Phillies. First pitch is scheduled for 6:40 PM ET at Citizens Bank Park, with live coverage available for fans on NBCS-PH and SportsNet LA. Follow along for a Dodgers vs Phillies prediction for Wednesday to trade on all the action using Polymarket.
After registering a new account with the Polymarket promo code TSNEWS hereand making an initial deposit of at least $20, users will automatically unlock a $50 sign-up bonus.
The Dodgers enter this prime matchup boasting a stellar 64-38 record, cementing themselves as one of the elite squads in the league with a .627 winning percentage. Meanwhile, the hometown Phillies are putting together a strong campaign of their own, entering the game at 56-46 and eager to defend their home turf against the West Coast powerhouse.
Fans and prediction market traders will not want to miss the star-studded talent taking the field. Los Angeles brings a roster featuring Shohei Ohtani, Mookie Betts, and Freddie Freeman. Philadelphia counters with immense firepower of their own led by Bryce Harper and Trea Turner. On the mound, the Phillies are slated to hand the ball to veteran pitcher Aaron Nola, while the Dodgers are scheduled to counter with Eric Lauer in what promises to be a thrilling contest from the first inning to the last.

#Phillies #wednesday #sporting #angeles

By Chuck Mikolajczak
NEW YORK, July 22 (Reuters) - The dollar dipped from a one-week high on Wednesday after four straight daily advances, while the yen recovered slightly from its weakest level in nearly four decades as traders gauged the likelihood of intervention from Tokyo and the chances of faster rate hikes by ‌the Bank of ******* an.
The dollar has been rising in recent days as increased tensions in the U.S.-Iran war have caused a reversal in oil prices and ‌again fanned inflation fears.
Oil prices touched their highest in almost six weeks, with U.S. crude last up 3.28% to $87.11 a barrel and Brent at $94.34 per barrel, up 3.66%, as concerns about supply disruptions increased.
Four more tankers changed course in the Red Sea on Wednesday after Iran-aligned Houthis in Yemen threatened the southern route out, while U.S. Secretary of State Marco Rubio said Iran was not serious about peace talks.

#Iran #four #barrel #mikolajczak

Big Tech earnings season kicks off Wednesday with Google (GOOG, GOOGL) and Tesla (TSLA) set to report after the bell. Intel (INTC) will follow on Thursday.
While Tesla saw solid quarterly delivers, ****** ysts will be on the lookout for how much the company is spending on its Robotaxi, Optimus humanoid robot, and AI initiatives, which is expected to send free cash flow nose diving.
Intel's stock has been riding the AI data center growth story to new highs, though it's since come off those highs as traders rotated out of the semiconductor sector. But it could get another boost if the company announces any new customers for its foundry business.
Google stock has also benefited handsomely from the AI boom, though growth has moderated over the past few months. Investors will be looking for more information about the company's spending plans as it continues to address computing capacity constraints.
On Thursday, AMD (AMD) will host its Advancing AI event in San Francisco, where it's expected to announce updates to its product lines across its data center unit.

#tesla #spending #data #Growth

The US dollar has rallied a bit during the early part of the trading session against the Canadian dollar, right here at the 50-day EMA, making a nice technical bounce. For those who are Fibonacci retracement type traders, this is just above the 38.2% Fibonacci retracement level and the 1.40 level. If this holds, this is thought of by technical **** ysts quite often as a very bullish sign because the retrace was somewhat shallow.
Keep in mind that there are external factors out there, such as oil, that come into the picture, but as things stand right now looks like technical traders are trying to defend the 50-day EMA.
The US dollar initially fell against the Swiss franc, only to turn around and show signs of life again. The market is in the midst of a consolidation, and surprisingly, with all of the chaos over the weekend, we have not seen massive moves in the market. Generally speaking, that typically lends itself to quiet trading action, and that is exactly what we have seen here in what has been an uptrend for a while.
The US dollar has gone back and forth against the Mexican peso. We continue to see the 17.50 level offer a bit of a magnet for price, and as long as that is the case, I think you have got a scenario where traders are probably just waiting for the next catalyst.
The interest rate differential does favor the Mexican peso, and as a general rule, the better America does, the better the peso does because Mexico is the number one exporter into the United States globally.

#traders #peso #fibonacci

Solana's SOL token is forming a cup-and-handle pattern on its daily chart, raising the possibility of a rally toward $105–$106. However, weak memecoin activity and the recent BONK governance attack could slow the breakout.
SOL was trading near $76.75 on July 20 after spending more than a week consolidating below the $80–$81 resistance zone. The consolidation appears to be forming the "handle" portion of a cup-and-handle pattern.
The setup forms when price undergoes a rounded recovery, creating the cup, before entering a smaller downward-sloping consolidation called the handle. Traders typically consider the pattern confirmed once the price closes above the neckline resistance.
Solana's cup began forming after its late-May decline from around $82. SOL then fell toward $59 in June before recovering to approximately $81 in early July.
The $80–$81 neckline overlaps with SOL's 100-day exponential moving average (100-day EMA, purple) near $80.45. A decisive daily close above this confluence, preferably alongside higher trading volume, would confirm the bullish breakout.

#july #breakout #near #resistance

SpaceX launched last month with a record-setting IPO of $135 per share. At one point during its third day of trading, the company briefly surpassed (1) Amazon and Microsoft in market capitalization to become the fourth-largest publicly traded company.
That is the case no longer, as traders are busy scrubbing a swath of the rocket maker's stock price.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

SpaceX launched last month with a record-setting IPO of $135 per share. At one point during its third day of trading, the company briefly surpassed (1) Amazon and Microsoft in market capitalization to become the fourth-largest publicly traded company.
That is the case no longer, as traders are busy scrubbing a swath of the rocket maker's stock price.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going

By Harry Robertson and Laura Matthews
LONDON/NEW YORK, July 17 (Reuters) - The dollar was flat on Friday, on track for a weekly decline as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve.
Iran and the ‌United States exchanged intensifying fire in a week-long escalation that has largely unravelled last month's truce, spurring safe-haven bids for the dollar ‌and pushing oil prices to near one-month highs.
Meanwhile, U.S. consumer sentiment climbed to a five-month high in July, although traders said the respite may prove temporary with renewed conflict in the Middle East driving up gasoline prices.
"The tech-led global equity market plunge and ongoing disruption to Strait of Hormuz traffic have triggered a flight to safety," said Elias Haddad, global head of markets strategy at Brown Brothers Harriman. "USD recovered some of this week's losses, and global bond yields edged a bit lower."

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors.
Hawks looking for evidence a rate hike is urgently needed haven't found it yet.
Consumer prices jumped 3.5% in June, the Bureau of Labor Statistics reported Tuesday morning. That's higher than the Fed's preferred 2% inflation rate, but lower than the 4.2% May rate as well as ***** ysts' expectations for the data. One month of Consumer Price Index figures isn't enough for the central bank to toss the idea of a rate hike out the window, but it's enough to at least give its Federal Open Market Committee an inkling that there's no rush to increase the benchmark federal funds rate at its meeting later this month.
CME's FedWatch tool placed the likelihood of a hike at the July 29 meeting at just 16.6% as of midday Tuesday. Traders put the chances of the Fed holding rates steady at 83.4%.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.

Chinese refiners largely stopped competing for Middle Eastern crude during the Iran conflict, leaving more Gulf cargoes available to Europe, India, and the rest of Asia just as traders prepared for a supply shock.
The International Energy Agency (IEA) estimates China drew 41 million barrels from crude inventories during June, one of the largest monthly stock draws on record. Refiners met domestic demand from storage instead of replacing those barrels through imports, allowing Beijing to ride out the sharp jump in Middle Eastern crude prices caused by the conflict.
That inventory was accumulated well before the conflict. The U.S. Energy Information Administration estimates China spent much of 2025 buying roughly 900,000 barrels per day for strategic and commercial storage whenever prices softened.
Independent "teapot" refiners cut operating rates as weak refining margins, slowing fuel demand and higher crude prices squeezed profitability. Reuters reported that several refiners shifted purchases toward discounted Gulf grades and delayed Iranian cargoes, leaving millions of barrels floating offshore without immediate buyers.
Kpler estimated in late May that Chinese seaborne crude imports had fallen to 6.78 million barrels per day, the lowest level in nearly a decade, down from 8.5 million bpd in April and well below the 2025 average of 10.66 million bpd. Refinery intake, however, declined far less sharply, indicating that refiners were meeting the difference by drawing inventories.