The USD/JPY cross is trading around 161.75, hovering near its highest levels in 13 months after repeated attempts to push through the 161.90 area met resistance during Wednesday’s session. The intraday structure reflects a controlled consolidation rather than a trend reversal, with price still operating inside a medium-term bullish channel. This article offers a detailed...
Category: Business
Ethereum Foundation Slashes Staff by 20% as ETH Struggles to Find Its Footing
While Bitcoin grabbed most of the headlines this week, a quieter but arguably more telling story played out inside Ethereum’s own backyard. The Ethereum Foundation announced a major restructuring, cutting 20% of its staff and slashing its budget by roughly 40%, a clear sign of how much pressure the prolonged crypto bear market has put...
Bitcoin’s Selloff Hits a Wall as Micron’s Earnings Beat Steady Crypto
Bitcoin spent much of Wednesday falling toward a two-week low before receiving a late boost from an unexpected source: a memory-chip earnings report. According to Findtech Group‘s digital assets team, the selloff initially reflected broad risk-off sentiment that spread across nearly every major cryptocurrency, putting pressure on both Bitcoin and the wider digital asset market....
Oracle’s 21,000 Job Cuts Show AI Is Now a Line Item, Not Just a Strategy
Oracle has provided one of the clearest examples yet of how artificial intelligence is reshaping corporate workforces. In its annual regulatory filing submitted on June 22, 2026, the company disclosed that AI adoption played a direct role in the elimination of approximately 21,000 jobs, representing nearly 13% of its global workforce over the past fiscal...
USD/CHF Under Pressure As 0.8040 Becomes Critical Support Zone
The USD/CHF pair is extending its corrective phase, trading around 0.8085, down roughly 0.2% during Friday’s European session. This pullback follows a recent climb to a 10-month high at 0.8140, recorded earlier in the week, marking a short-term exhaustion in bullish momentum. The broader market tone has shifted toward risk aversion, providing strong underlying support...
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...
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...
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...
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...
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...