Asia FX falls as Trump tariffs boost dollar, Chinese inflation disappoints

EURUSD technicals The EURUSD is extending its upside run, pushing through a critical swing area between 1.1663 and 1.1691—a zone defined by price action between April and October 2021. The break above this range has taken the pair to a session high of 1.1744, marking the highest level since September 2021. If buyers are to…

ActionForex ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was…

Yesterday, after the close of the main trading session, Nvidia released its second-quarter earnings report: → Earnings per share: actual = $0.67, expected = $0.647;→ Revenue: $30.04 billion, expected = $28.737 billion;→ The company also announced a $50 billion share buyback. However, despite the strong results, Nvidia’s share price declined. While the closing price yesterday…

The VanEck Semiconductor ETF (SMH) gives investors access to 25 major U.S.-listed semiconductor companies. The fund includes NVIDIA, Taiwan Semiconductor, Broadcom, Texas Instruments, QUALCOMM, ASML Holding, Applied Materials, Lam Research, Micron Technology, and AMD. Analysts view SMH as a strong investment in a sector driving advancements in AI, cloud computing, and high-performance computing. While volatile,…

Affirm announced it has strengthened its multi-year partnership with J.P. Morgan Payments, bringing its pay-over-time solutions to U.S. merchants using J.P. Morgan’s Commerce Platform. The expanded agreement, announced Tuesday, is expected to enable businesses using J.P. Morgan Payments’ network to integrate Affirm’s flexible financing options at checkout.  The company explained that it will allow consumers…