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Beyond Meat surprised Wall Street with the announcement Monday.

Russian officials appeared eager to reafiirm Moscow’s alliance with China following President Donald Trump’s meeting with Xi Jinping last week.

The USDCHF is the biggest mover of the day (+0.46%), extending higher to test a key ceiling area between 0.8071 and 0.8076. The high reached 0.8078 so far, briefly peeking above that resistance zone. A sustained break above this region would boost buyer confidence and open the door for further upside targets from previous swing areas at 0.8103, 0.8116, and near the 0.8150 zone.

Taking a broader view, since late April, the pair has remained below the 2011 low at 0.8333—a key historical barrier that was briefly breached in May before failing. Despite that longer-term weakness, since June 23, the USDCHF has been consolidating within a broad range between 0.7871 and 0.8171, suggesting a market still searching for directional conviction near levels not seen for 14 years. A clear break above 0.8076 could be the next step toward testing the upper boundary of that multi-month range.

This article was written by Greg Michalowski at investinglive.com.

The USDCHF is the biggest mover of the day (+0.46%), extending higher to test a key ceiling area between 0.8071 and 0.8076. The high reached 0.8078 so far, briefly peeking above that resistance zone. A sustained break above this region would boost buyer confidence and open the door for further upside targets from previous swing areas at 0.8103, 0.8116, and near the 0.8150 zone.

Taking a broader view, since late April, the pair has remained below the 2011 low at 0.8333—a key historical barrier that was briefly breached in May before failing. Despite that longer-term weakness, since June 23, the USDCHF has been consolidating within a broad range between 0.7871 and 0.8171, suggesting a market still searching for directional conviction near levels not seen for 14 years. A clear break above 0.8076 could be the next step toward testing the upper boundary of that multi-month range.

This article was written by Greg Michalowski at investinglive.com.

• Currently it’s a comfortable situation for the ECB
• Risks remain high, even if they haven’t materialized or worsened recently

The market is pricing in a 50% chance of a single ECB rate cut in the year ahead. The message is that the central bank is on hold with the usual tail risks around some kind of black swan.

This article was written by Adam Button at investinglive.com.

• Currently it’s a comfortable situation for the ECB
• Risks remain high, even if they haven’t materialized or worsened recently

The market is pricing in a 50% chance of a single ECB rate cut in the year ahead. The message is that the central bank is on hold with the usual tail risks around some kind of black swan.

This article was written by Adam Button at investinglive.com.

Fed Governor Stephen Miran cautioned that U.S. monetary policy may already be too restrictive, arguing that the neutral rate sits “quite a ways” below the current stance. Speaking with Bloomberg TV, Miran said his relatively sanguine view on inflation suggests there is “no reason for keeping policy as restrictive” . Miran also highlighted emerging strains […]

The post Fed’s Miran warns policy too tight amid credit market stress appeared first on Action Forex.

Fed Governor Stephen Miran cautioned that U.S. monetary policy may already be too restrictive, arguing that the neutral rate sits “quite a ways” below the current stance. Speaking with Bloomberg TV, Miran said his relatively sanguine view on inflation suggests there is “no reason for keeping policy as restrictive” . Miran also highlighted emerging strains […]

The post Fed’s Miran warns policy too tight amid credit market stress appeared first on Action Forex.

Dev Ittycheria, who took MongoDB public in 2017, is leaving the CEO role but will stay on the company’s board.

A comment in Trump’s weekend interview with 60 Minutes (transcript here) should be a huge wakeup call to every country in the world. The US is positioning itself as a global defender in China’s rare earth case, saying it wants allies to continue to be able to get rare earths, and partnering with other G7 countries to develop supply chains.

But asked about China getting Nvidia’s most-advanced chips, Trump said this:

We will let them deal with Nvidia but not in terms of the most advanced.
The most advanced, we will not let anybody have them other than the
United States.

So if you’re a British, French or Australian company that wants to compete in anything involving advanced chips, you’re out of the game. That’s not an alliance, that’s dominance.

This article was written by Adam Button at investinglive.com.