SoftBank earnings today showed that the firm swung back into profit in its fiscal third quarter, largely driven by founder Masayoshi Son’s large and growing investment in OpenAI. For some context, SoftBank made a staggering $41 billion investment in OpenAI last year. And that now sees the firm hold approximately 11% stake in OpenAI.It’s been the market rhetoric for a while now that SoftBank is basically a proxy trade for OpenAI and that is clearly showing up in their earnings and valuations. And not to mention, their share price growth too. The firm is basically doubling down on this, with what looks to be very much an “all in” play.To keep funding their bets on OpenAI, SoftBank notably sold its entire $5.8 billion stake in Nvidia by late 2025. It also sold off a significant portion of its T-Mobile stake for roughly $12.7 billion.So, that speaks to their conviction and how much SoftBank is risking in putting all their chips on OpenAI.Anyway, the headline above comes after their earnings report and relates to reports of SoftBank being in talks for another $30 billion investment into OpenAI. It looks like SoftBank is trying to play coy here but from what we know about Masayoshi Son, it feels like the bets on OpenAI will just keep increasing at this point.If the $30 billion investment goes through, SoftBank will start to rival Microsoft in its exposure in OpenAI – which is roughly a 27% stake at this point. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight SoftBank’s return to profitability is a game-changer, fueled by its massive bet on OpenAI. This shift in earnings could signal a broader trend where tech investments, particularly in AI, are becoming more lucrative. For traders, this means keeping an eye on tech stocks and related sectors, as SoftBank’s success might encourage more capital flow into AI-focused companies. If SoftBank’s stock reacts positively, it could set a precedent for other firms to follow suit, potentially driving up valuations across the tech landscape. Watch for any ripple effects in the broader market, especially in stocks tied to AI advancements. However, there’s a flip side: if SoftBank’s profits are too reliant on one investment, it raises questions about sustainability. Traders should monitor how this impacts SoftBank’s stock price and consider the volatility that may arise from such concentrated investments. Key levels to watch would be SoftBank’s recent highs and lows, as any breakouts or breakdowns could signal broader market sentiment. 📮 Takeaway Keep an eye on SoftBank’s stock movements and broader tech sector trends, especially around AI investments, as they could signal significant market shifts.

FUNDAMENTAL OVERVIEWUSD:The US Dollar spiked higher yesterday following a strong US NFP report as the market pared back slightly Fed rate cut bets but surprisingly gave back all the gains. Maybe the market is still too convinced of more labour market weakness to come, or it decided to wait for the US CPI. Whatever the reason, the data since the start of the year has been clearly pointing to improving conditions that do not justify further rate cuts. The focus now turns to the US CPI report coming up tomorrow. If we get hot data, I can’t see how the market could brush that off like it did with the NFP. The hawkish repricing will likely be more substantial and trigger a more sustained rally in the greenback. On the other hand, soft data shouldn’t change much in terms of market pricing but could keep the dollar under pressure. CAD:On the CAD side, the currency weakened yesterday following a Bloomberg report saying that US President Trump was privately weighing quitting the USMCA deal. Canada maintains generally low tariffs on most US goods due to USMCA, so if Trump were to exit the trade pact, tariffs for Canada would rise substantially and negatively affect the economy. Bloomberg added that “the president has asked aides why he shouldn’t withdraw from the agreement, although he has stopped short of flatly signalling that he will do so”. For the CAD, the USMCA negotiations remain key, so negative or positive news on that front will continue to move the currency. On the monetary policy front, the BoC remains in a neutral stance with the market not pricing any move through year-end. The economic data has been supportive of such stance with the labour market stabilising and core inflation hovering a bit above the 2.5% mid-point of the BoC 2-3% target range. USDCAD TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can see that USDCAD probed below the 2025 low two times but failed to sustain a breakout. The buyers will likely continue to step in around the lows to target a pullback into the major trendline. The sellers, on the other hand, will look for a break lower to increase the bearish bets into new lows.USDCAD TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can see the price broke above a downward trendline that was defining the bearish momentum. This might give the buyers more conviction to keep piling in for a pullback into the major trendline with the 1.3723 high as the first target. The sellers, on the other hand, will look for a break below the recent low to extend the drop into new lows.USDCAD TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we can see a consolidation after the USMCA news and the hot NFP report as traders await the US CPI report coming up tomorrow. From a risk management perspective, the buyers will have a better risk to reward setup around the 1.3550 level to position for a rally into the 1.3723 high. The sellers, on the other hand, will want to see the price breaking below the 1.3550 support to pile in for a drop into new lows. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we get the US Jobless Claims figures, while tomorrow we conclude the week with the US CPI report. This article was written by Giuseppe Dellamotta at investinglive.com. 🔗 Source 💡 DMK Insight The US Dollar’s spike post-NFP report shows traders are still skittish about future rate cuts. Despite the initial surge, the dollar’s inability to hold gains suggests a market that’s hesitant, likely due to fears of upcoming labor market weakness. This could impact forex strategies, especially for those trading USD pairs. If the dollar continues to struggle, we might see a shift towards riskier assets or even a rally in commodities like gold, which often benefits from dollar weakness. Keep an eye on the Fed’s next moves, as any indication of rate cuts could further weaken the dollar and shift market sentiment. For now, watch the 100-day moving average on the USD index; a break below could signal further downside. Conversely, if the dollar manages to reclaim recent highs, it could trigger a short squeeze among those betting against it. The real story is how traders react to upcoming economic data—any signs of labor market strength could reignite rate hike speculation, pushing the dollar higher again. 📮 Takeaway Monitor the USD index around its 100-day moving average; a break could signal further weakness, impacting forex and commodity markets.

The dollar is a little lower at the balance in European morning trade, struggling to build on the gains from after the stronger non-farm payrolls data yesterday. The US jobs report was a solid one, reaffirming another strong January print with beats in both payrolls and the unemployment rate. The latter even coming despite a higher participation rate for the month.The report helped to push the dollar a little higher in the aftermath but so far today, the greenback is not building on gains. So, what gives?The simple argument is that one data point doesn’t make a trend. And until the labour market starts to show further evidence of a recovery, it is fair to assume that some further weakness is still on the horizon.The market thinking arguably reflects that narrative, with the Fed outlook pricing not really all too much changed after the report. Sure, we’re seeing traders pare rate cuts bets slightly and delay the first rate cut priced in from June to July. However, the odds of a possible move in June remain significant and can easily swing back on softer data in the months ahead.Going back to the dollar, we can see that there hasn’t been a big break for the currency against some major pairs:In the case of EUR/USD, the pair was dragged down to test its 200-hour moving average (blue line). However, buyers held at the key near-term level and are now even pushing back to try and reassert a more bullish bias. That as we see price action climb back up above the 100-hour moving average (red line) after a slight drop in Asia trading earlier.Besides that, USD/JPY is also continuing to trip lower as traders remain guarded on intervention risks. The pair has been pushing down since the start of the week, with price now touching 152.90 after briefly keeping around 153.20-50 earlier in the day. The spike on the US jobs report saw the pair touch a high of 154.65 before quickly reversing lower to post three straight days of declines. Another daily drop will take that to a four-day streak, the worst run of form for the pair since September last year.Meanwhile, USD/CHF is also a decent mover on the session so far with the pair down 0.4% to 0.7680. The drop comes as buyers failed to sustain a push to test the 200-hour moving average (blue line) after the stronger data yesterday. And that now sees sellers seize back near-term control as price action falls back under the 100-hour moving average (red line). Essentially, it’s a mirror to what is playing out in EUR/USD above as well.Elsewhere, AUD/USD is also unfazed by whatever the dollar is doing. The aussie quickly recouped losses with the pair having dropped to 0.7070 immediately after the non-farm payrolls and is now keeping around 0.7120 levels on the day. The big picture outlook shows that the pair is contesting key resistance from the August 2022 and January 2023 highs around 0.7135-57 at the moment. So, that is the more important technical point in play for now.As the dollar sees its upside keep rather limited for now, traders will have to be wary that there’s still more data volatility to come. The US CPI report tomorrow is going to be a big one to round off the week. And that could add another plot twist just before the weekend comes along. This article was written by Justin Low at investinglive.com. 🔗 Source 💡 DMK Insight The dollar’s struggle to maintain momentum post-jobs report could signal volatility ahead. With SOL currently at $82.01, traders should note that the dollar’s weakness often correlates with crypto strength. If the dollar continues to falter, we might see SOL and other altcoins gaining traction. This is especially relevant as SOL has been showing bullish patterns recently, and a sustained dollar decline could push it through key resistance levels. Watch for SOL to break above recent highs, which could attract more buyers and lead to a rally. However, if the dollar rebounds, it could put pressure on crypto assets, so keep an eye on the DXY index for any signs of reversal. The next few trading sessions will be crucial in determining whether the dollar can regain its footing or if SOL can capitalize on this weakness. 📮 Takeaway Monitor SOL for a potential breakout above recent highs, especially if the dollar continues to weaken in the coming sessions.

FUNDAMENTAL OVERVIEWThe Nasdaq has been consolidating since Monday as traders awaited the US NFP and CPI reports this week. We got the NFP yesterday and it was a hot one as it beat expectations by a big margin with the unemployment rate falling further to 4.3% despite an increase in participation rate. The market reacted positively even though we got a slightly hawkish repricing as traders pared back the total easing seen by year-end from 60 bps to 53 bps after the release. This is in line with the current regime of good news being good news as long as inflation continues to slowly head towards target. Tomorrow, we will have an important test as we get the US CPI report. In case we get soft data, we will likely see the stock market rallying into the all-time highs amid stabilising labour market and easing inflation. On the other hand, a hot report will likely trigger a stronger hawkish repricing and weigh on the market in the short-term. NASDAQ TECHNICAL ANALYSIS – DAILY TIMEFRAMEOn the daily chart, we can see that after the bounce near the October lows, the Nasdaq got stuck in a consolidation around the 25,400 level. The price is trading right in the middle of the range, so there’s not much we can glean from this timeframe and we need to zoom in to see some more details.NASDAQ TECHNICAL ANALYSIS – 4 HOUR TIMEFRAMEOn the 4 hour chart, we can see a downward trendline defining the bearish momentum. The sellers will likely lean on the trendline with a defined risk above it to position for a drop back into the February lows. The buyers, on the other hand, will look for a break higher to increase the bullish bets into new all-time highs.NASDAQ TECHNICAL ANALYSIS – 1 HOUR TIMEFRAMEOn the 1 hour chart, we can see more clearly the rangebound price action just below the 25,400 level. The buyers will likely pile in on the break of the trendline or on a retest of the 24,957 low to target new all-time highs. The sellers, on the other hand, will likely step in around the trendline and increase the bearish bets on the break of the 24,957 low to position for a drop into the February lows. The red lines define the average daily range for today. UPCOMING CATALYSTSToday we get the US Jobless Claims figures, while tomorrow we conclude the week with the US CPI report. This article was written by Giuseppe Dellamotta at investinglive.com. 🔗 Source 💡 DMK Insight The strong NFP report is shifting sentiment, and here’s why that matters for SOL: With SOL currently at $82.01, the positive labor data could fuel risk appetite, pushing traders back into altcoins. A robust job market often correlates with increased consumer spending, which can drive demand for crypto assets. Watch for SOL to test resistance around $85, a level that could trigger further buying if breached. However, keep an eye on the upcoming CPI report, as inflation data could temper enthusiasm. If inflation remains high, it might lead to tighter monetary policy, which could cool off the current bullish momentum. The flip side is that if CPI comes in lower than expected, we could see a significant rally across the crypto market, including SOL. So, monitor these economic indicators closely; they could dictate the next moves in the market. 📮 Takeaway Watch SOL closely for a breakout above $85, especially in light of upcoming CPI data, which could significantly impact market sentiment.

A stronger payrolls report has failed to support stocks in afternoon trading, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG. 🔗 Source 💡 DMK Insight The stronger payrolls report isn’t giving stocks the boost traders expected, and here’s why that matters: Typically, solid payroll numbers signal economic strength, which should lift equities. However, the market’s tepid response suggests that traders are more focused on potential interest rate hikes than on job growth. With the Fed’s stance on inflation still in play, this disconnect could indicate a shift in sentiment. If stocks continue to struggle despite positive economic indicators, it might signal a deeper concern about future growth or corporate earnings. Traders should keep an eye on key resistance levels in major indices. If the S&P 500 can’t break above its recent highs, we could see a pullback. Additionally, watch for any comments from Fed officials that might hint at future rate decisions, as these could further influence market direction. The real story is whether the market can sustain upward momentum in the face of rising rates, or if this is a sign of underlying weakness. 📮 Takeaway Monitor the S&P 500’s resistance levels closely; a failure to break above recent highs could indicate a bearish shift amid rising rate concerns.

Boston Scientific Corporation (BSX), a leading medical device manufacturer specializing in interventional medical solutions, finds itself at a technical inflection point that could determine where the stock is heading next. 🔗 Source 💡 DMK Insight Boston Scientific’s stock is at a crucial technical juncture, and here’s why that matters: a break above or below current levels could set the tone for the next move. With SOL currently at $79.31, traders should keep an eye on key support and resistance levels. If BSX can break above its recent highs, it could trigger bullish momentum, attracting more buyers. Conversely, a drop below established support might lead to a sell-off, especially if accompanied by increased volume. This situation is compounded by broader market trends, including healthcare sector performance and investor sentiment towards medical devices. Look for potential ripple effects on related stocks in the healthcare sector, as movements in BSX could influence other medical device manufacturers. Monitoring the daily chart for volume spikes or changes in RSI could provide additional insights into market sentiment. The next few trading sessions will be critical, so keep your eyes peeled for these key levels. 📮 Takeaway Watch for Boston Scientific to break above or below its recent technical levels; this could dictate the next significant move in the stock.

Silver (XAG/USD) trades higher on Wednesday, hovering around $83.90 at the time of writing, up 3.65% on the day. The white metal maintains a constructive tone after absorbing the initial pressure triggered by the release of a solid US employment report, which briefly supported the US Dollar (USD). 🔗 Source 💡 DMK Insight Silver’s recent 3.65% jump to $83.90 is a key indicator for traders right now. The market’s reaction to the solid US employment report shows that traders are weighing economic strength against inflation concerns. A stronger dollar typically pressures precious metals, but silver’s resilience suggests buyers are stepping in, possibly anticipating further inflationary pressures or geopolitical tensions. For those trading silver, watch for a potential breakout above $84, which could signal further upside momentum. Conversely, if it fails to hold above this level, a pullback could be in play, especially if the dollar gains strength again. It’s also worth noting that silver often moves in tandem with gold, so keep an eye on XAU/USD for correlated movements. If gold starts to rally, silver could follow suit, amplifying gains. Traders should monitor the daily close—holding above $83.90 could set the stage for a bullish trend, while a drop below might trigger stop-losses and exacerbate selling pressure. 📮 Takeaway Watch for silver to hold above $84 for bullish momentum; a failure to do so could lead to a pullback.

West Texas Intermediate (WTI) crude oil surged above $65.00 per barrel on Wednesday, gaining over 1% as escalating US-Iran tensions continued to inject a geopolitical risk premium into energy markets. 🔗 Source 💡 DMK Insight WTI crude oil’s jump above $65.00 signals heightened geopolitical tensions, and here’s why that matters: The recent surge is largely driven by escalating tensions between the US and Iran, which historically have led to supply concerns in the oil market. Traders should be aware that geopolitical risks can create volatility, and this spike could attract both short-term speculators and longer-term investors looking for a hedge against uncertainty. If prices maintain above the $65.00 mark, we might see a bullish trend develop, potentially targeting higher resistance levels. However, if tensions ease or if there’s a significant increase in US oil production, we could see a rapid pullback. It’s also worth noting that this situation could ripple through related markets, such as energy stocks and ETFs. Keep an eye on the broader market sentiment and any news that could impact supply dynamics. For now, watch for any price action around $65.00—if it holds, it could signal further upward momentum, but a drop below could indicate a reversal. 📮 Takeaway Monitor WTI crude oil’s performance around $65.00; sustained trading above this level could lead to further gains, while a drop may signal a reversal.