SpaceX (SPCX) shares fell sharply for a second consecutive session on June 23, 2026, declining around 8% after reports emerged that the company was proposing a $20 billion bond sale just days after its IPO closed on June 12. The stock, which peaked at $225.64 on June 17, has now entered bear market territory from...
Author: Noah (Noah )
Silver Climbs Above 66.00 as Key Resistance Caps Upside in Bearish Trend
Silver (XAG/USD) trades higher in early Monday European activity, reaching approximately $66.35, extending a corrective intraday rebound after recent downside pressure. Despite the upward movement, the broader market structure remains clearly bearish on a multi-session and daily basis, with price still operating well below key dynamic resistance zones. Readers looking for additional insights can find...
Indian Rupee Stays Supported as US-Iran Negotiations Show Progress
The Indian Rupee (INR) continues to trade with a firm bias against the US Dollar (USD) in early Monday sessions, with the USD/INR pair stabilizing near 94.25, close to its multi-week low at 94.03. The move reflects a convergence of declining crude oil prices, shifting geopolitical risk premiums, and evolving expectations around global interest rate...
FedEx’s Clean Break: What the Q4 Results Say About Logistics and the Broader Economy
FedEx (FDX) reported fourth-quarter fiscal 2026 results on June 23, 2026, and the numbers delivered a cleaner story than the equity market’s chaotic session gave them credit for. Revenue rose to $25.0 billion, adjusted operating income came in at $2.09 billion, and capital spending as a percentage of revenue fell to 4.0%, the lowest annual...
British Pound Edges Higher Near 1.3200 Ahead of Burnham’s Picks
The British Pound (GBP) advanced against the US Dollar (USD) during Friday’s early European session, with the GBP/USD pair climbing toward the 1.3200 mark. The currency pair extended modest gains as investors reacted to evolving political developments in the United Kingdom while also reassessing the outlook for US monetary policy following the latest Personal Consumption...
Pressure Before the Print: Micron’s June 24 Earnings and the AI Memory Reckoning
Micron Technology heads into its fiscal Q3 2026 earnings release on June 24 carrying a bruise it did not have at the start of the week. A broad semiconductor rout on June 23 sent shares down sharply to close at $1,074.60, erasing more than eleven percent in a single session before the company’s biggest earnings...
Canadian Dollar Gains Ground as US PCE Inflation Data Softens Rate Hike Bets
The USD/CAD exchange rate declined toward 1.4190 during Friday’s early European session, reflecting a shift in short-term rate differentials and positioning adjustments across USD macro portfolios. In this article, the brokers at Fonndure provide a comprehensive analysis of this topic. The move extends a near-term corrective phase in the pair following rejection from the 1.4260–1.4280...
Kiwi Dollar Stuck Near 0.5650 as Bearish Outlook Weighs on NZD/USD
The NZD/USD pair continues to trade under a well-defined bearish structure, extending its decline that began on 17 June and holding near 0.5650 in recent Asian trading sessions. Throughout this article, the brokers at Fonndure examine this topic from multiple perspectives. Price action remains locked inside a descending channel on the daily timeframe, characterized by...
Tech Rout Deepens: What Tuesday’s Nasdaq Selloff Is Actually Telling Investors
The Nasdaq Composite fell 2.21% on June 23, 2026, and the S&P 500 dropped 1.44%, marking the second consecutive session of broad technology declines heading into June 24. South Korean chip stocks triggered the selloff before US markets even opened, with the KOSPI falling nearly double digits and pulling semiconductor names lower across Asian, European,...
Japanese Yen Recovers From Lows After Holding 162.00 Support
The NZD/USD pair is sustaining a modest recovery above the 0.5600 handle, supported by a broad-based US Dollar (USD) correction and reduced expectations of aggressive Federal Reserve (Fed) tightening. The brokers at Fonndure break down this topic in detail, offering valuable insights throughout the article. Price action remains confined within a tight consolidation structure, reflecting...