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The major trendline keeping PENGU afloat
Pudgy Penguins (PENGU) has had a difficult year, and there’s no way around that. From its highs less than a month ago, the cryptocurrency is now down more than 44%, a sharp pullback that has caught the attention of traders across the board. This move did not happen in isolation.
United States RealClearMarkets/TIPP Economic Optimism (MoM) registered at 48.8 above expectations (47.9) in February
United States RealClearMarkets/TIPP Economic Optimism (MoM) registered at 48.8 above expectations (47.9) in February
Fed’s Barkin: Current US government shutdown will only cause a few days of delay
Federal Reserve (Fed) President of the Bank of Richmond Thomas Barkin said on Tuesday that he is still concerned about risks to employment and inflation data, and that he hopes the current United States (US) government shutdown will only cause a few days of delay in data.
DraftKings approaches critical dual support structure
DraftKings (DKNG) is trading around $28 after another leg down from its recent peak near $49, and the sports betting giant is now staring at a support structure that's been battle-tested multiple times over the past two-plus years.
China’s AI Tigers are on the prowl as MiniMax doubles value in a roaring debut
Wall Street, beware. China’s so-called ‘AI tigers’ are scrambling to IPO in Hong Kong, and given the scale of their early trading pops, sentiment is exceptionally strong towards these competitive artificial intelligence players.
CAD: Trading near fair value – Scotiabank
The CAD is holding in a tight range in the upper 1.36s, trading close to its fair value, as noted by Scotiabank's Analyst Team. The report indicates that recent swings in markets have prompted a rebound in the fair value estimate for the CAD, which now stands at 1.3679.
WTI Price Forecast: Bullish 21-day and 50-day SMA crossover keeps upside bias intact
West Texas Intermediate (WTI) Crude Oil stages a technical rebound on Tuesday, as buyers step in ahead of the $60 psychological level. At the time of writing, WTI is trading around $62.45 per barrel, up about 0.70% on the day after reversing its earlier intraday losses.
GBP: Spreads richen across curve – TD Securities
TD Securities Senior European & UK Rates Strategist Pooja Kumra reports that GBP spreads are continuing to richen across the curve, particularly in the belly, with 5-year spreads increasing by nearly 10bps since the start of the year.
United States Redbook Index (YoY): 6.7% (January 30) vs previous 7.1%
United States Redbook Index (YoY): 6.7% (January 30) vs previous 7.1%
USD: Positive outlook amid strong data – Deutsche Bank
Deutsche Bank's Macro Strategy report highlights a positive outlook for the Dollar following strong economic data. The report notes that the ISM manufacturing index unexpectedly surged, contributing to rising optimism for 2026.
JPY: Political pressure weighs on currency – Commerzbank
The Japanese Yen has come under renewed pressure, with USD/JPY trading at 155.50. The lack of concrete follow-up to verbal interventions and political statements regarding a weak currency have contributed to this weakness.
Dow Jones futures rise on strong earnings from tech firms
Dow Jones futures rose 0.12% to around 49,580 in the European session on Tuesday, while S&P 500 and Nasdaq 100 futures climbed 0.27% and 0.57% to near 7,020 and 26,000, respectively. Investors now look ahead to a busy earnings slate later in the day, including results from AMD, Pfizer, and Chipotle.
Gold adds to strong intraday gains; eyes $4,950 as Fed rate cut bets undermine USD
Gold (XAU/USD) rallies back closer to the $4,950 level during the first half of the European session on Tuesday amid some follow-through short-covering after two days of heavy liquidation.
GBPUSD: Modest gains as BoE meeting approaches – Scotiabank
The GBP is showing modest gains against the USD, outperforming G10 peers as markets prepare for the upcoming BoE meeting. Recent UK data has reduced expectations for easing, with a 25bps cut now priced in by June, note Shaun Osborne and Eric Theoret from Scotiabank.
S&P 500 (SPX) approaches completion of Elliott Wave diagonal pattern [Video]
The S&P 500 (SPX) continues to advance as it works toward completing a diagonal Elliott Wave structure that began at the November 21, 2025 low. From that level, wave ((i)) pushed higher and ended at 6986.33. The market then entered wave ((ii)), which unfolded as a clear zigzag.
Crude Oil: Price forecasts raised amid geopolitical tensions – Rabobank
Rabobank's RaboResearch Team has raised its 2026 Brent forecasts to $64/bbl from $58.25/bbl due to geopolitical tensions. WTI is now expected to average $59.80/bbl, up from $54.60/bbl.
EUR/USD ticks up amid strong US economic data, easing tensions
The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday, trading at 1.1815 at the time of writing after bottoming at 1.1776 the previous day.
Pound Sterling trades mixed as focus shifts to BoE policy announcement
The Pound Sterling (GBP) shows a mixed performance against its major currency peers on Tuesday as traders shift their focus to the Bank of England’s (BoE) monetary policy announcement on Thursday.
Silver Price Forecasts: XAG/USD rises beyond $87.00 after a two-day selloff
Silver (XAG/USD) shows moderate gains on Tuesday, trading at $87.05 at the time of writing. The white metal found some footing after plummeting more than 30% in the previous two trading days, hitting one-month lows right below the $72.00 line.
USD/INR dives over 1% on US-India trade deal euphoria
The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Tuesday, following the confirmation of a long-awaited trade deal between the United States (US) and India the previous day. The USD/INR pair opens with a gap down to near 90.35, the lowest level seen in almost three weeks.
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