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Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them
benzinga14d ago

Micron And The Memory Trade Look Bulletproof: This Analyst Says A 5% Yield Cracks Them

The most important chart on Wall Street right now isn’t Nvidia Corp. (NASDAQ: NVDA ) or Micron Technology Inc. (NASDAQ: MU ). It’s the yield on the two-year Treasury note . According to John Roque, technical analyst at 22V Research, the front end of the Treasury curve has become “Public Enemy No. 1” for risk assets after breaking above its March and May highs, setting up what he believes could be a move toward 5%. Chart: 2-Year Treasury Yields Soared After Bottoming In March Why Friday’s Chip Selloff Didn’t Come Out Of Nowhere While last Friday’s sharp correction appeared sudden – the Nasdaq 100 dropped 4.8% while the iShares Semiconductor ETF (NYSE: SOXX ) sunk over 10% – Roque indicates the warning signs had been flashing for weeks. Many of the market’s biggest winners had reached historically extreme levels relative to their long term trends. By early June, Sandisk Corp. (NASDAQ: SNDK ) was trading nearly 250% above its 200 day moving average, Marvell Technology Inc. (NASDAQ: MRVL ) more than 220% above, Micron over 200% above, and Dell Technologies Inc. (NASDAQ: DELL ) roughly 195% above. Rackspace Technology Inc. (NASDAQ: RXT ) represented perhaps the most extreme example, surging almost ... Full story available on Benzinga.com

#CRYPTO
Circle Mints 250 Million USDC, Adding Significant Liquidity to Stablecoin Market
bitcoinworld14d ago

Circle Mints 250 Million USDC, Adding Significant Liquidity to Stablecoin Market

BitcoinWorld Circle Mints 250 Million USDC, Adding Significant Liquidity to Stablecoin Market Blockchain tracking service Whale Alert reported the minting of 250 million USD Coin (USDC) at the USDC Treasury on [Date of event]. The transaction represents a significant addition to the circulating supply of the second-largest stablecoin by market capitalization, sparking discussion among market participants about the potential implications for liquidity and trading activity. Context of [...] This post Circle Mints 250 Million USDC, Adding Significant Liquidity to Stablecoin Market first appeared on BitcoinWorld .

#CRYPTO
Sam Bankman-Fried asks Trump for a pardon
headtopics14d ago

Sam Bankman-Fried asks Trump for a pardon

Sam Bankman-Fried, the former crypto billionaire who orchestrated one of the largest financial frauds in history, officially asked President Donald Trump for a pardon, according to the Justice Department’s website.

#CRYPTO
Chinese Yuan Appreciation Trend Outweighs Yield Gap, Says Commerzbank
bitcoinworld14d ago

Chinese Yuan Appreciation Trend Outweighs Yield Gap, Says Commerzbank

BitcoinWorld Chinese Yuan Appreciation Trend Outweighs Yield Gap, Says Commerzbank Commerzbank analysts have issued a new assessment on the Chinese yuan (CNY), suggesting that the currency’s current appreciation trend is now a stronger market force than the traditional yield gap that often drives capital flows. The observation comes amid ongoing shifts in global monetary policy and China’s managed exchange rate regime. Yuan Strength Defies Yield [...] This post Chinese Yuan Appreciation Trend Outweighs Yield Gap, Says Commerzbank first appeared on BitcoinWorld .

#FOREX
Australian Dollar Gains Ground as RBA Hawkish Stance Supports Recovery; US Jobs Data and China GDP in Focus
bitcoinworld14d ago

Australian Dollar Gains Ground as RBA Hawkish Stance Supports Recovery; US Jobs Data and China GDP in Focus

BitcoinWorld Australian Dollar Gains Ground as RBA Hawkish Stance Supports Recovery; US Jobs Data and China GDP in Focus The Australian Dollar (AUD) extended its recovery against the US Dollar (USD) on Tuesday, supported by the Reserve Bank of Australia’s (RBA) hawkish policy stance, as traders turned their attention to upcoming key economic data from the United States and China. The currency pair AUD/USD traded higher, reflecting renewed confidence in the Australian economy despite [...] This post Australian Dollar Gains Ground as RBA Hawkish Stance Supports Recovery; US Jobs Data and China GDP in Focus first appeared on BitcoinWorld .

#FOREX
Japanese Yen Remains Under Pressure Despite Weaker US Dollar: Market Analysis
bitcoinworld14d ago

Japanese Yen Remains Under Pressure Despite Weaker US Dollar: Market Analysis

BitcoinWorld Japanese Yen Remains Under Pressure Despite Weaker US Dollar: Market Analysis The Japanese Yen continues to struggle to find meaningful buying momentum, even as the US Dollar softens against a basket of major currencies. This divergence has caught the attention of forex traders and analysts, who are closely watching the USD/JPY pair for signs of a potential shift in trend. Why the Yen Isn’t Rallying on [...] This post Japanese Yen Remains Under Pressure Despite Weaker US Dollar: Market Analysis first appeared on BitcoinWorld .

#FOREX
Norges Bank’s Hawkish Stance Bolsters Norwegian Krone Crosses, BBH Analysts Say
bitcoinworld14d ago

Norges Bank’s Hawkish Stance Bolsters Norwegian Krone Crosses, BBH Analysts Say

BitcoinWorld Norges Bank’s Hawkish Stance Bolsters Norwegian Krone Crosses, BBH Analysts Say Analysts at Brown Brothers Harriman (BBH) have highlighted that the Norwegian krone (NOK) is finding support against a range of currency crosses, driven by the central bank’s increasingly assertive policy stance. According to Elias Haddad, a strategist at BBH, the upcoming May Consumer Price Index (CPI) report for Norway could be a decisive factor, potentially [...] This post Norges Bank’s Hawkish Stance Bolsters Norwegian Krone Crosses, BBH Analysts Say first appeared on BitcoinWorld .

#FOREX
Euro Edges Higher as Markets Brace for ECB Decision
bitcoinworld14d ago

Euro Edges Higher as Markets Brace for ECB Decision

BitcoinWorld Euro Edges Higher as Markets Brace for ECB Decision The euro strengthened slightly against major peers on Wednesday as currency markets turned their attention to the European Central Bank’s upcoming monetary policy decision. Traders are weighing expectations for a potential rate adjustment against the broader inflation and growth outlook in the eurozone. ECB Decision in Focus The European Central Bank is widely expected to [...] This post Euro Edges Higher as Markets Brace for ECB Decision first appeared on BitcoinWorld .

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British Pound Edges Higher as Iran-Israel Tensions Ease, Geopolitical Risk Premium Fades
bitcoinworld14d ago

British Pound Edges Higher as Iran-Israel Tensions Ease, Geopolitical Risk Premium Fades

BitcoinWorld British Pound Edges Higher as Iran-Israel Tensions Ease, Geopolitical Risk Premium Fades The British Pound (GBP) edged higher against major peers on Monday, as market participants reacted to reports that hostilities between Iran and Israel have temporarily halted. The move reflects a broader improvement in risk sentiment, with investors dialing back safe-haven positions that had supported the US dollar and Japanese yen in recent sessions. Geopolitical backdrop [...] This post British Pound Edges Higher as Iran-Israel Tensions Ease, Geopolitical Risk Premium Fades first appeared on BitcoinWorld .

#FOREX
PIMS 2026: The legacy brands strike back
manilatimes14d ago

PIMS 2026: The legacy brands strike back

IF there is one thing the Philippine International Motor Show (PIMS) 2026 proves, it is that the future of mobility in the Philippines will not be surrendered without a fight. For the past three years, the automotive conversation has been dominated by one narrative: the rise of Chinese brands and the electric vehicle (EV) revolution. Every auto show seemed to be a showcase for newcomers armed with giant touchscreens, futuristic styling, and promises of battery-powered salvation. Yet as PIMS 2026 opens its doors under the theme “Forward in Every Drive,” something more nuanced is unfolding. This is not simply an EV exhibition. It is a declaration from the country’s legacy manufacturers that the future will be shaped by evolution rather than revolution. And that distinction matters. The Chamber of Automotive Manufacturers of the Philippines (Campi) remains the country’s most influential automotive organization, accounting for the vast majority of new vehicle sales. Its members include many of the country’s largest automotive manufacturers and distributors, representing the mainstream automotive market that continues to put hundreds of thousands of vehicles on Philippine roads every year. What makes this year’s PIMS significant is that it shows these established brands have stopped treating electrification as a future possibility and are now presenting it as a present-day reality. Toyota is perhaps the best example. Rather than embracing an all-electric future, it continues to champion what it calls a “multi-pathway” approach — offering internal combustion engines, hybrids, plug-in hybrids, and battery electric vehicles to meet customer needs. Critics have often accused Toyota of moving too slowly. But in a country where charging infrastructure remains uneven and electricity costs remain a concern, Toyota’s strategy increasingly looks pragmatic rather than conservative. The same holds true for Mitsubishi, Nissan, Honda, Suzuki, and Isuzu. Rather than betting everything on a single technology, these manufacturers are advancing multiple solutions in parallel. Hybrids are becoming mainstream. Advanced driver assistance systems are trickling down into affordable models. Connectivity features once reserved for luxury cars are appearing in family crossovers and pickups. This is not resistance to change. It is adaptation on Philippine terms. Perhaps that is the biggest lesson from PIMS 2026. The future of mobility in the Philippines will not look exactly like that of China, Europe, or even the United States. In China, government policy, infrastructure investments, and industrial strategy have accelerated EV adoption at breathtaking speed. In Europe, strict emissions regulations are forcing manufacturers to electrify, whether consumers are ready or not. The Philippines exists in a different reality. Our road network remains inconsistent. Public charging remains limited. Provincial travel often spans hundreds of kilometers between major urban centers. Electricity prices remain among the highest in Southeast Asia. Consumers still place enormous value on reliability, resale value, service accessibility, and fuel flexibility. In this environment, the winner may not be the company with the biggest battery. It may be the company that best understands Filipino motorists. That is why the growing emphasis on hybrids across PIMS is so important. Hybrids deliver tangible fuel savings without requiring changes in driving behavior. They serve as a bridge technology, allowing consumers to experience electrification without range anxiety. For many Filipinos, that bridge may last longer than industry forecasters expect it to. Another message is also emerging from the show. The legacy brands have finally realized they can no longer compete solely on reputation. For decades, Japanese manufacturers enjoyed near-automatic consumer trust. Reliability alone was enough to ensure sales. Those days are over. Chinese competitors have dramatically raised the bar in technology, design, and value. Features that once justified premium pricing now appear in vehicles costing hundreds of thousands of pesos less. PIMS 2026 reflects this new reality. Legacy brands are responding with more technology, electrification, and customer-focused innovation. Competition is forcing everyone to improve. That is good news for consumers. What should not be overlooked is the role these traditional manufacturers continue to play in the broader economy. Many maintain extensive dealer networks, service infrastructure, training programs, and local employment footprint. Some continue to invest in local manufacturing and assembly operations. Mitsubishi Motors Philippines’ commitment to begin local hybrid vehicle production by 2028 is one example of how established players continue to invest in the country’s industrial future. PIMS 2026 suggests that the future of mobility in the Philippines may not be defined by the fastest transition, but by the most practical one. While much of the global industry debates how quickly electrification should happen, Campi’s legacy brands appear focused on a different question: how to make that transition work for Filipino motorists. As the automotive industry enters its most disruptive period in a century, the message from the World Trade Center is clear — the old guard is no longer defending the past. It is competing for the future.

#TECH