MRVL targets $400: Elliott Wave III expansion signals powerful upside move

Marvell Technology, Inc., (MRVL) provides data infrastructure semiconductor solutions & spanning data center core to network edge in the US & internationally. It comes under Technology – Semiconductors & trades as “MRVL” at Nasdaq.

British Pound recovers as Japanese Yen struggles to capitalize on Bank of Japan's hawkish rate hike

GBP/JPY rebounds after a short-lived pullback on Wednesday as traders digest the Bank of Japan's decision to raise interest rates. At the time of writing, the cross is trading around 215.10, recovering from an intraday low of 214.53.

BoJ: Hawkish hike supports Yen outlook – BNY

BNY’s Bob Savage notes that the Bank of Japan delivered a hawkish 25bp rate hike to 1.0% and will continue scaling back its JGB purchase program. The BoJ signaled confidence in underlying inflation despite slowing headline CPI.

US Dollar: Limited downside as Fed caution persists – OCBC

OCBC’s Sim Moh Siong argues that recent risk-on moves following the US‑Iran understanding have only produced a modest pullback in US yields and the Dollar. He highlights AI-driven US growth, Fed event risk and Oil dynamics as supporting USD resilience.

SpaceX stock hits $200 in Tuesday premarket as company acquires Anysphere for $60 billion

SpaceX (SPCX) stock added another 4% in Tuesday's premarket to reach the $200 level on its third day of trading. Fervor for Elon Musk's rocket-cum-AI company has been strong since SpaceX went public last Thursday and began trading on Friday.

Gold Price Analysis: Pullback Accelerates Amid Fed Repricing, Retail Liquidation

Gold price analysis suggests the probability of further downside as the stronger dollar weighs on the precious metal. The new Fed Chair nomination has triggered a wave of deeper retracement in gold after a strong rally. Gold’s structural support remains intact as central banks still buy, while US-Iran tension also maintains a safe-haven demand. Gold...

The post Gold Price Analysis: Pullback Accelerates Amid Fed Repricing, Retail Liquidation appeared first on Forex Crunch.

AUD/USD Forecast: RBA Decision vs Hawkish Fed Risks Cap Near-Term Upside

The AUD/USD forecast edges to the downside despite a hotter inflation print as the yields fell sharply, suggesting only a single RBA hike in the near term. Trump’s nomination of Kevin Warsh as the next Fed Chair lifts the US dollar, as markets view the decision as less dovish. COT positioning suggests reduced AUD longs,...

The post AUD/USD Forecast: RBA Decision vs Hawkish Fed Risks Cap Near-Term Upside appeared first on Forex Crunch.

EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP

The EUR/USD weekly forecast points to a corrective downside despite the pair ending the week with net gains, as the US dollar recovered slightly. Upbeat US PPI and the Fed’s hold in its recent meeting lent room to the falling dollar. The markets will closely watch the ECB rate decision and US employment data for...

The post EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP appeared first on Forex Crunch.

GBP/USD Weekly Forecast: Firm USD Risks Break of 1.37, Eyes on BoE, NFP

The GBP/USD weekly forecast remains slightly subdued as the markets pared partial weekly gains amid dollar recovery and profit-taking. Fed’s data dependency and resilient UK economy continue to balance the GBP/USD. Market participants eye the US NFP and the BoE interest rate decision to gauge further directional bias. The GBP/USD price closed its second consecutive...

The post GBP/USD Weekly Forecast: Firm USD Risks Break of 1.37, Eyes on BoE, NFP appeared first on Forex Crunch.

Gold Outlook: Strong Selling Amid Firm Dollar Ahead of US PPI

The gold outlook remains slightly deteriorated after a 4% plunge in a single session amid profit-taking. The structural demand for gold stays intact, with institutional targets set at $6,200 by mid-2026. Gold’s path could be bumpy depending on US macroeconomic data releases. Gold has been experiencing increased volatility after breaking the $5,500 barrier. The metal...

The post Gold Outlook: Strong Selling Amid Firm Dollar Ahead of US PPI appeared first on Forex Crunch.