Forex Analysis

TSMC holds a dominant position in AI chip manufacturing. Elliott Wave analysis points to a $700 price target within the Grand Super Cycle.

The PBOC sets its daily USD/CNY midpoint at 0115 GMT, a key signal for Asian FX markets. The yuan trades within a 2% band around this rate.

Japan's producer inflation surged 7.4% year-on-year in June, beating forecasts. Energy costs, AI demand, and a weak Yen drove the acceleration.

Eurozone retail sales matched expectations with a 0.2% monthly gain in May. Food, drinks and tobacco led growth while automotive fuel dragged.

The CFTC fined offshore firms Netrios and Red Acre a combined $2.5 million for facilitating unregistered off-exchange trades for US retail clients.

EURGBP completed a corrective wave structure and reversed lower from a predefined Blue Box zone, validating the Elliott Wave forecast.

Cboe Global Markets has launched Cboe Predicts, listing binary options on the Mini-S&P 500 as regulated securities, now live on Interactive Brokers.

Kalshi has processed $5.5B in crypto perpetual futures volume. The platform is moving beyond prediction markets into broader derivatives trading.

Deutsche Bank expects the Fed's first meeting under Chair Kevin Warsh to hold rates but remove the easing bias and drop signals of a 2026 cut.

The U.S. dollar is modestly higher but stuck in neutral territory technically. Key levels continue to cap directional momentum across major pairs.

CRWD may have completed wave (I) and is now correcting toward the 616–511 support zone before a potential wave (III) advance.