Scale AI’s life after Meta deal has been rocky, but CFO insists it’s not a ‘zombie company’
Five months after Scale AI’s high-profile founder was hired by Meta, the startup is trying to show that it’s still on a growth trajectory.
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AUDUSD Technicals: The AUDUSD fell on risk-off flows with technicals also leading the way
The AUDUSD has trended lower today, extending its recent decline despite a less dovish, more hawkish tone from the Reserve Bank of Australia, which left interest rates unchanged. The move lower was primarily driven by technical factors, as the pair continued to weaken after failing to sustain a break above key support levels. Yesterday, the price briefly dipped below the 100-day moving average, only to close right back near it — showing initial hesitation from traders. However, in early Asian trading today, the pair broke decisively below that 100-day MA and held beneath it, giving sellers renewed control.
The downside momentum accelerated after breaking below yesterday’s low near 0.6519, and sellers pushed further through a swing area between 0.6500 and 0.65046.
In the U.S. session, the pair extended the move lower toward another target zone between 0.6478 and 0.64817, where support buyers finally stepped in, prompting a modest rebound back toward the 0.6500 area. That bounce, however, leaves a key question heading into the next session: Can buyers build momentum back above 0.6500, or will that level now act as resistance, keeping sellers in control for another test of the lower swing-area support?
This article was written by Greg Michalowski at investinglive.com.
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Sunset Market Commentary
Markets Risk sentiment turned sour today, both in Europe and in the US. Signs of fatigue were showing up in recent days. Many stock indices hovered sideways near the record highs with higher openings often used as a moment to take some chips off the table. It were Palantir’s earnings released after-market yesterday that ignited […]
The post Sunset Market Commentary appeared first on Action Forex.
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Metsera says Novo Nordisk’s new up to $10 billion bid for obesity drugmaker is ‘superior’ to revised Pfizer offer
The clash reflects the shifting landscape for weight loss and diabetes drugs, with Novo Nordisk trailing Eli Lilly as companies like Pfizer race to break in. -
Rug pull and what now
S&P 500 held up reasonably well during the regular session, but started to drift lower right after the closing bell – ES 6,850 area didn‘t hold, and selling quickly snowballed. -
GBP/JPY Daily Outlook
Daily Pivots: (S1) 202.12; (P) 202.46; (R1) 202.99; More… Intraday bias in GBP/JPY remains neutral and further rise is expected with 200.54 support intact. Break of 204.22 will suggest that rise from 184.35 is resuming through 205.30 towards 208.09 high. However, break of 200.54 will extend the fall from 205.30 to 197.47 key structural support. […]
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EUR/JPY Daily Outlook
Daily Pivots: (S1) 177.27; (P) 177.63; (R1) 178.01; More… Intraday bias in EUR/JPY remains neutral and further rise is expected with 174.80 support intact. On the upside, break of 178.80 will extend the up trend to 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. However, considering bearish divergence condition in 4H MACD, […]
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EUR/GBP Daily Outlook
Daily Pivots: (S1) 0.8759; (P) 0.8771; (R1) 0.8780; More… EUR/GBP is staying in consolidations below 0.8817 and intraday bias remains neutral. Further rally is expected as long as 0.8750 resistance turned above holds. Above 0.8817 will target 0.8867 fibonacci level. Firm break there will carry larger bullish implications. Nevertheless, sustained break of 0.8750 will turn […]
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EUR/AUD Daily Outlook
Daily Pivots: (S1) 1.7570; (P) 1.7614; (R1) 1.7664; More… EUR/AUD recovered after edging lower to 1.7561 and intraday bias remains neutral. Further fall is in favor as long as 1.7813 resistance holds. Decisive break of 1.7569 support solidify the case that corrective pattern from 1.8554 is already in the third leg. Deeper fall should then […]
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 0.9279; (P) 0.9295; (R1) 0.9325; More…. Intraday bias in EUR/CHF stays neutral at this point. On the upside, decisive break of 0.9311 support turned resistance and 55 D EMA (now at 0.9307) will suggest that whole fall from 0.9660 has completed as a corrective move. Further rise should then be seen to […]
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