MarketPulse

Key takeaways Sterling stays firm: GBP/USD remains in a short-term uptrend above 1.3479 after breaking above its medium-term descending trendline post-NFP.US CPI is the key catalyst: A hotter-than-expected core CPI could revive Fed-hike bets and pressure GBP/USD, while softer inflation may extend sterling’s rally.1.3479 is pivotal support: Holding above it k...

Markets continue to price in the possibility of another Fed rate hike.Kevin Warsh has so far placed greater emphasis on price stability than investors initially expected.De-escalation between the US and Iran could reduce energy prices and inflationary pressures.The euro area could benefit more from lower energy prices because of its dependence on energy imports.A downwar...

Key takeaways USD/JPY rebound stalls: The 3-day rebound is losing momentum at the key 158.55 inflexion level, with technical signals pointing to bearish reversal risk.UST-JGB yield gap narrows: The 2-year yield spread has fallen to 2.64%, which could support renewed yen strength if the narrowing continues.NFP is the key catalyst: A break below 157.95 could e...

Key takeaways Microsoft’s Q4 FY2026 earnings will test whether its massive AI investment cycle is translating into meaningful financial returns, with investors focused on Azure growth, Copilot monetisation, free cash flow, and forward guidance rather than headline EPS or revenue.Capital expenditure remains the biggest swing factor, as Microsoft’s Capex-to-Revenue r...

Key takeaways Intel heads into its Q2 2026 earnings with expectations running high, following a remarkable 172% year-to-date rally, as investors look for confirmation that its AI-driven turnaround can justify its sharp valuation rerating.Data Centre and AI revenue, alongside capital expenditure and cash flow, will be the key earnings drivers, with the market...