AUD/USD closed at 0.6916, with expectations for consolidation between 0.6880 and 0.6940. The report suggests that further strength is possible, but the pair must break above 0.6945 to aim for 0.6985. UOB Group Senior Technical Strategist Quek Ser Leang and Economist Lee Sue Ann notes.
The GBP is up 0.2% against the USD, continuing its rally driven by positive sentiment and stronger-than-expected economic data. The report highlights that market focus is on the upcoming BoE policy decision, with expectations for no change.
Here is what you need to know on Tuesday, January 27:
Key PointsD-Wave recently acquired Quantum Circuits to further accelerate commercial viability.The company's revenue grew 100% in its latest quarter.The adoption of quantum computi
EUR/USD is expected to continue its upward trajectory, closing at 1.1879. The report notes that while there is scope for further gains, the major resistance at 1.1920 is likely out of reach for now. The next support levels are identified at 1.1855 and 1.1830.
Key PointsEnergy Transfer is a large North American midstream business.The distribution yield is 7.3%, with management targeting annual distribution growth of 3% to 5%.Add 7 and 3,
Key PointsSoundHound AI and Navitas Semiconductor both anticipate strong sales growth from artificial intelligence demand.SoundHound targets the software market for AI voice soluti