Track market-moving stories before they get noisy

Some of the best decade-long investments start as beaten-down brands that everyone has temporarily given up on. The trick is separating companies with a broken business from companies with a strong brand going through a rough patch.

Two consumer goods giants fit that second description right now. Nike (NKE +4.21%) has fallen about 44% from its high, and Estée Lauder (EL +0.64%) sits roughly 30% below its own recent peak. Both are messy today, and both look like the kind of names patient investors can be glad they own 10 years from now.

Image source: Getty Images.

Nike: A wounded champion rebuilding its footing Nike is the most recognizable athletic brand on the planet, which is exactly why its stumble has been so jarring. The company spent years leaning too hard on its own apps and website while pulling back from the retail stores where most people actually shop, and demand suffered. CEO Elliott Hill, a Nike veteran who came out of retirement to fix it, has been rebuilding those wholesale relationships and refocusing on athletes and fresh product.

There are early signs that it is working. North America, Nike's largest market, has begun to grow again as store partners welcome the brand back onto their shelves.

The honest reality is that this turnaround is taking longer than management first hoped, with the bigger gains now expected in 2027 and beyond, and its once-reliable China business is still shrinking. But a decade is a long time. The brand itself, its marketing muscle, and its grip on sneaker culture have not disappeared, and the CEO has been buying shares with his own money, a signal he believes in the recovery.

For an investor with real patience, owning an icon while it is out of favor is often how the biggest gains are made.

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Estée Lauder: A prestige beauty leader on the mend Estée Lauder is the other side of the same coin, with a portfolio of premium beauty brands, including its namesake line, Clinique, MAC, and La Mer, that got knocked down hard. Its troubles came from a few directions at once: a slump in China, weakness in the travel-retail shops found in airports where it sells a lot of product, and thinner profit margins. Add tariffs to the mix, and the stock fell well off its highs.

Here again, though, the underlying business is showing signs of life. Recent quarterly revenue has grown and come in ahead of expectations, suggesting the recovery is slowly taking hold.

Over a 10-year horizon, the case rests on two durable trends: the global appetite for prestige beauty continues to expand, especially as more consumers in emerging markets trade up, and Estée Lauder owns some of the most coveted brands in the category. The risk is that the rebound stays bumpy, particularly if China takes longer to recover, so this is a stock to buy with the expectation of volatility along the way.

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What should investors do? Buying a stock that is down 40% or more takes a strong stomach, and neither of these turnarounds is guaranteed to be smooth. Nike still has to prove its comeback can accelerate, and Estée Lauder needs its key markets to heal. But that is precisely why the prices are attractive.

When you buy for a decade, you are betting on a brand's durability rather than next quarter's numbers, and both Nike and Estée Lauder are brands that tend to outlast their slumps. I would treat them as long-term positions to build patiently, reinvesting along the way, and give the businesses the years they need to mend. Ten years from now, today's pessimism may look like the opportunity it usually proves to be for great consumer brands.

Vývoj měnových párů: EUR/CZK 24,20

BP and ConocoPhillips are set to announce billions of dollars of new investments in Iraq on Friday as Washington seeks to bolster the country's energy sector and reduce the region's reliance on routes vulnerable to Iranian disruption, according to people familiar with the plans. 

The announcements are expected during the U.S.-Iraq Business Summit in Washington, CNBC's Brian Sullivan told Access Middle East, citing sources. Iraqi Prime Minister Ali Al-Zaidi will meet senior U.S. officials and executives from major energy companies at the summit. 

The event is expected to feature more than $60 billion in agreements and memorandums of understanding between U.S. companies and the Iraqi government. 

watch now

The investments by BP, ConocoPhillips and other companies will be in billions of dollars, and might even be in tens of billions, the people said. Details of the individual commitments were not immediately available. 

The deals come as the U.S seeks to expand investment in Iraq's energy sector, boost the country's oil production and diversify export routes vulnerable to regional disruption.

The Strait of Hormuz handled roughly a fifth of global oil before the war broke out and has become an increasingly important focus for energy markets after renewed tensions between the United States and Iran. 

BP has a history in Iraq dating back about a century and has in recent years focused on the giant Rumaila oilfield. In 2025, the company finalized an agreement with Baghdad to redevelop oil and gas resources in Kirkuk, covering the Baba and Avanah domes of the Kirkuk field and the nearby Bai Hassan, Jambur and Khabbaz fields.

Iraq is courting some of the world's largest energy-services and industrial companies as it seeks to expand oil and gas production and accelerate development of its natural gas resources.

Al-Zaidi met representatives from Halliburton, Shell, Honeywell, Weatherford and Baker Hughes in Houston on Thursday, with talks covering investment, technology and potential participation in large energy projects, according to his office.

— CNBC's Emma Graham contributed to this report.

HomeTechnical AnalysisIntraday Analysis 17.07.2026 Oil Creeping Higher

GBPUSD finds resistance

Cable struggles as the pair met firm resistance after pushing over 100 pips in the past session.
• Not even a lift in GDP data could prevent the pound from slipping away from the 1.3500 level.
• With the RSI majorly overbought, a brief bounce to the downside could ensue.
• 1.3400 is the first hurdle to break before price action takes the pair back to the recent swing low at 1.3340.
• A move back past 1.3500 sees 1.3550 being the top to break.

USDCAD breaks lower

The Canadian dollar continues its advance as prices move away from the 1.4100 area.
• The pair remains under some pressure as its recent descent might lead to a reversal.
• A bullish divergence on the RSI is likely to attract buying interest in the near term as previous sellers look to switch sides.
• 1.4060 is the first target to expect sellers to close positions.
• A fall below 1.4000 would extend the sell-off towards 1.3960.

USOIL consolidating

WTI hits another fresh high as economists expect a test at the $82 level by the end of this week.
• As a show of resilience, the price has managed to hover around the psychological area of 80.00.
• Bulls will need to lift the 82.00 level before they can end the lengthy consolidation and push for a broader recovery.
• On the downside, 78.00 is the first support to keep the current momentum intact, with 75.50 a firm backup.

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SummaryFocusing on dividend stocks at or near historic high yields enables value-driven capital gains and income, especially when yields exceed the 10-year Treasury.Five standout stocks—VICI, EMN, AES, KMB, and PEP—currently offer 4%+ yields near historic highs, supported by solid credit ratings and dividend growth histories.Relative valuation metrics (P/E or P/AFFO) confirm these winners are trading below their 5-year averages, highlighting attractive entry points.Combining historic yield analysis with price and valuation metrics effectively identifies undervalued, high-quality income opportunities and warns against overvalued stocks.This idea was discussed in more depth with members of my private investing community, Macro Trading Factory. Learn More » Andrii Yalanskyi/iStock via Getty Images

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

On 3 July, Japan’s Finance Minister, Satsuki Katayama, stated that the Ministry of Finance remains in close contact with US authorities regarding developments in USD/JPY as the yen traded near its weakest level in almost 40 years. Similar verbal warnings have become increasingly common whenever the pair approaches the 162.00 area, although no direct intervention has been announced so far.

At the same time, weaker-than-expected US inflation data added pressure to the dollar. On 14 July, June’s Consumer Price Index came in below forecasts, significantly reducing expectations of a Federal Reserve rate hike at the July meeting and pushing US Treasury yields lower. The combination of increasingly cautious rhetoric from Japanese officials and softer US inflation expectations may keep USD/JPY range-bound, preventing buyers from establishing a sustained break above its multi-decade highs.

Technical Picture

On the four-hour chart, USD/JPY advanced steadily throughout June, reaching a peak near 162.80 on 1 July. A sharp reversal followed, with the pair dropping rapidly to the 160.50 area, where the green support zone is currently located. The decline coincided with market speculation about a possible currency intervention by the Japanese authorities.

After rebounding from the 3 July low, the pair began forming a triangle pattern. Price is now testing the upper boundary of the formation, although the attempted upside breakout is currently being capped by the upper edge of the current volume profile at 162.45. Just above this level lies the red resistance zone at 162.70.

The Point of Control (POC) is located around 162.08 and could become a key magnet if the pair moves back towards the lower part of the range, where two additional important technical levels are visible: the lower boundary of the volume profile at 161.45 and the green support zone at 160.50.

Volume behaviour also deserves attention. The break above the triangle’s upper boundary was not supported by strong bullish volume, indicating limited buying conviction and increasing the risk that the breakout could soon reverse. Meanwhile, the RSI + MAs oscillator stands at 54, 52 and 52 respectively, with all three readings remaining firmly in neutral territory, reinforcing the current lack of directional conviction.

Key Takeaways USD/JPY is testing the upper boundary of its current market structure while momentum indicators remain neutral. The lack of bullish volume at the breakout adds uncertainty, while the Point of Control around 162.08 could be the key reference level if price begins to move lower.

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Eurozóna: Běžný účet ECB v květnu v přebytku 25,1 mld. EUR

Macro Bank (BMA - Free Report) : This leading bank in Argentina has a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.

Macro Bank has a PEG ratio of 0.62 compared with 0.85 for the industry. The company possesses a Growth Score of A.

Five Below, Inc. (FIVE - Free Report) : This specialty retail company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days.

Five Below has a PEG ratio of 1.02 compared with 2.11 for the industry. The company possesses a Growth Score of A.

Dycom Industries, Inc. (DY - Free Report) : This infrastructure services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.1% over the last 60 days.

Dycom Industries has a PEG ratio of 0.71 compared with 1.30 for the industry. The company possesses a Growth Score of A.

See the full list of top ranked stocks here.

Learn more about the Growth score and how it is calculated here.

United Overseas Bank (UOB) strategists Quek Ser Leang and Christopher Wong report EUR/USD has eased after Wednesday’s surge, with current price action seen as consolidation between 1.1420 and 1.1465. On a 1–3 week view, the Euro retains an upside bias, though momentum toward the 1.1520 resistance is still uncertain, and a break below 1.1405 would signal a return to broader range trading.

Euro consolidates after recent rally"24-HOUR VIEW: After EUR surged to a high of 1.1482 on Wednesday, we highlighted yesterday that “while the rapid rise appears to be running ahead of itself, there is scope for EUR to test 1.1490.” We also highlighted that “we do not expect the significant resistance at 1.1520 to come into view.” However, instead of testing 1.1490, EUR pulled back from 1.1476 to 1.1430 before closing at 1.1441 (-0.19%). The immediate upward pressure has eased, and the current price movements are likely part of a consolidation phase, which is expected to be between 1.1420 and 1.1465."

"1-3 WEEKS VIEW: Our update from yesterday (16 Jul, spot at 1.1470) remains valid. As highlighted, while EUR “is likely to trade with an upside bias, it is too early to determine whether there is sufficient momentum for EUR to reach the significant resistance level at 1.1520.” On the downside, a breach of 1.1405 (no change in ‘strong support’ level) would indicate that EUR has reverted to a range-trading phase."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Advanced Drainage Systems NYSE: WMS held its annual meeting of stockholders virtually, with shareholders approving all three proposals presented by the company, according to meeting remarks from President and CEO D. Scott Barbour and Secretary Scott Cottrill.

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Barbour opened the meeting by outlining the agenda, which included the election of nine directors, ratification of Deloitte & Touche LLP as the company’s independent registered public accounting firm for the fiscal year ending March 31, 2027, and a non-binding advisory vote on compensation for named executive officers.

The meeting was conducted through an online virtual meeting portal. Barbour said management would not take questions during the meeting, though stockholders could submit questions through the portal for potential response at a later date.

Quorum Established for Virtual Meeting Cottrill said notice of the annual meeting was mailed on June 3, 2026, to stockholders of record as of the close of business on May 22, 2026. Stockholders were provided electronic access to the company’s proxy statement, proxy card, annual report and other voting materials, with the option to request hard copies.

Cottrill reported that at least 69,449,767 shares of common stock were present or represented by proxy at the meeting, equal to approximately 90.61% of the shares outstanding and entitled to vote as of the record date. Barbour declared that a quorum was present and that the meeting was duly convened.

Director Nominees Elected The first proposal asked stockholders to elect nine directors to serve terms expiring at the company’s 2027 annual meeting, or until their successors are elected and qualified. The nominees were D. Scott Barbour, Anesa T. Chaibi, Michael B. Coleman, Robert M. Eversole, Alex R. Fischer, Tanya D. Fratto, Kelly S. Gast, Manuel J. Perez de la Mesa and Anil Seetharam.

Barbour said the Board of Directors recommended that stockholders vote in favor of each nominee. After voting was completed, the preliminary report of the Inspector of Election indicated that each director nominee received the required number of votes and was elected. No other candidates received votes, according to the report read during the meeting.

Barbour also recognized Mark Haney and Luther Kissam, who were not standing for re-election, thanking them for their service as members of the board and for the “depth and breadth of expertise” they brought to the board.

Deloitte Ratified as Auditor Stockholders also ratified the appointment of Deloitte & Touche LLP as Advanced Drainage Systems’ independent registered public accounting firm for the fiscal year ending March 31, 2027. Barbour noted that a representative from Deloitte was in attendance and could respond to appropriate questions submitted by stockholders through the online portal, with any responses to be addressed later as appropriate.

The company said the proposal received support from at least a majority of the outstanding shares present through the virtual meeting room or represented by proxy and entitled to vote.

Executive Compensation Approved The third proposal was a non-binding advisory vote to approve the compensation of the company’s named executive officers. Barbour said the compensation details were discussed in the proxy statement made available to stockholders ahead of the meeting, and that the board recommended a vote in favor.

According to the preliminary voting results announced during the meeting, stockholders approved the executive compensation proposal by the required majority of shares present or represented by proxy and entitled to vote.

After the results were announced, Barbour requested that the final report of the Inspector of Election be filed with the meeting minutes. With no additional business to come before stockholders, the formal meeting was adjourned.

About Advanced Drainage Systems (NYSE:WMS)Advanced Drainage Systems, Inc NYSE: WMS is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company's product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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The Pound to Australian Dollar (GBP/AUD) exchange rate briefly climbed to a one-week high on Thursday before easing back as investors locked in profits following Sterling's recent rally.

At the time of writing, GBP/AUD was trading at AU$1.9294, having retreated from an earlier high of AU$1.9353.

Latest — Exchange Rates:
Pound to Australian Dollar (GBP/AUD): 1.926352 (-0.27%)
Pound to Dollar (GBP/USD): 1.347811 (-0.45%)
Australian Dollar to Dollar (AUD/USD): 0.69967 (-0.19%)

DAILY RECAP:

The Australian Dollar (AUD) softened during Thursday’s Asian trading session as markets reacted to new data.

Australian consumer inflation expectations unexpectedly eased from 5.5% in June to 4.7% in July, the lowest reading since January.

The latest figures slightly dampened Reserve Bank of Australia (RBA) interest rate hike expectations, although the impact was limited.

This allowed AUD to recoup some losses as European trade began.

Meanwhile, the Pound (GBP) trended slightly lower on Thursday, with GBP surrendering some of Wednesday’s impressive gains.

Sterling had rallied in the middle of the week following reports that Shabana Mahmood is now the frontrunner for Chancellor in incoming Prime Minister Andy Burnham’s cabinet, rather than Ed Miliband.

Miliband had been the favourite to enter Number 11, but there were concerns among investors that the soft-left MP would pursue less orthodox fiscal policy. Mahmood is seen as more market-friendly, with City figures welcoming reports that she could be Burnham’s choice.

However, the Pound couldn’t sustain its gains into Thursday, even with UK GDP printing as forecast to show a 0.1% recovery in May.

Following Wednesday’s gains, Sterling seemed to suffer some profit-taking.

Near-Term GBP/AUD Forecast: Wider Trends to Drive the Pairing Looking ahead, economic data is thin on the ground for both the Pound and the Australian Dollar on Friday, likely leaving the pairing to trade on wider market trends.

Sterling may draw support as Andy Burnham is formally declared Labour leader, paving the way for him to enter Number 10 on Monday, if investors continue to feel more certain about the future of UK politics.

Meanwhile, market risk dynamics may drive the risk-sensitive ‘Aussie’. Events in the Middle East could be key, although the recent escalation in tensions has had a muted impact on the market mood so far.

The artificial intelligence boom is being held back by what the industry cannot build rather than what customers will not buy, according to Rene Haas, chief executive of Arm Holdings PLC (NASDAQ:ARM), the chip designer.

Haas told CNBC that demand for chips, data centres, energy and skilled workers is running ahead of available capacity, creating a bottleneck he expects to persist for the next two to three years.

He was speaking in an interview at the Pennsylvania Defense and Innovation Summit, hosted by Senator Dave McCormick.

ARM designs the chip architectures that other companies license and manufacture, a position that gives it an unusually wide view of who is trying to build what.

Haas said the company expects its data-centre business to become its largest segment "very soon", overtaking the mobile phone market that built it.

That claim is the more interesting half of the interview.

ARM's designs dominate smartphones, where power efficiency is everything, and the same constraint now governs data centres, where the binding limit is increasingly electricity rather than silicon.

The supply-constrained framing also cuts against the bubble argument that has unsettled markets in recent months.

A bubble is a demand problem in which buyers pay for something they do not need.

A shortage is the opposite, and Haas is describing customers who cannot get what they are already willing to pay for.

Shares fell 5% on the session, an awkward backdrop for a chief executive describing demand as robust.

One reading is that investors are less worried about whether the demand exists than about who captures the value if the bottlenecks are physical, since power stations and skilled engineers are not things a design company can conjure.

AST SpaceMobile (ASTS 17.03%) stock would now have to rise about 45% just to reach the $79.57 conversion price on the $1 billion of convertible senior notes it priced this week. Shares of the satellite-to-smartphone company fell more than 17% on Thursday to about $55 as of this writing, after closing at $66.31 on Wednesday -- the reference price that set the deal's terms.

Image source: Getty Images.

The notes carry a 1.625% interest rate and mature in February 2034. The conversion price represents a 20% premium to Wednesday's close, and the company expects about $983.6 million in net proceeds, with the initial purchasers holding an option to buy another $150 million of notes. AST also paired the deal with a hedge, spending $96.9 million on capped call transactions that offset potential dilution from conversion unless the stock climbs past $149.20 -- a level more than 2.5 times where shares trade now.

AST SpaceMobile

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The company said the money will let it "pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network," including possible partnerships or acquisitions that would reduce its dependence on third-party launch providers. In the same filing, AST said its launch campaign is now targeting about 45 BlueBird satellites in early 2027, later than its earlier plan. Getting those satellites up is the core of the investment case, so locking down launch capacity is money aimed at the company's biggest bottleneck.

Settled entirely in stock, converting the full $1 billion at $79.57 would create about 12.6 million new shares, roughly 3% of the company. A 17% one-day decline against 3% potential dilution says the concern is bigger than the arithmetic. The delay is the other half of it: a network that reaches customers later spends longer burning capital before it produces meaningful revenue. And this is already the company's second $1 billion convertible deal this year.

But AST also just priced roughly eight-year money at a 1.625% rate, with dilution hedged up to $149.20, and issued no new shares in the process. That is cheap capital for a growth stock still building toward scale.

The gap between $55 and $79.57 is the market's measure of doubt about the timeline. If the BlueBird build-out holds to that early 2027 timeline, the notes could end up looking like well-timed financing. Until then, days like Thursday will likely remain part of owning a pre-profit space stock.

Daniel Sparks and his clients do not have positions in any of the stocks mentioned. The Motley Fool has positions in and recommends AST SpaceMobile. The Motley Fool has a disclosure policy.

17.7.2026 09:25

Index DAX -0,74 % na 24730,16 b.

Index DAX -0,74 % na 24730,16 b. Nejsilnější akcie Změna Nejslabší akcie Změna SAP (SAP) +1,4 % Infineon Technologies (IFX) -4,2 % E.ON (EOAN) +0,9 % Siemens Energy (ENR) -2,6 % Fresenius Medical Care (FME) +0,9 % Siemens (SIE) -2,5 % Deutsche Telekom (DTE) +0,8 % Commerzbank AG (CBK) -2,0 % Henkel (HEN3) +0,7 % MTU Aero Engines (MTX) -2,0 % Zdroj: Bloomberg

Jakub Němec
Fio banka, a.s.
Prohlášení

Swedish defence and aerospace ‌group Saab reported a bigger-than-expected rise in operating earnings for the ​second quarter on Friday ​as booming demand in its major ⁠markets drove a sharp ​rise in sales and order bookings.

Swedish defense company Saab beat earnings expectations in the second quarter, as booming demand for military equipment propelled the fighter jet maker to another quarter of record orders backlog.

Shares rose as much as 4.5% in early trading in Stockholm, while other major European defense names were in the red.

New order bookings in the quarter ended June were 68.4 billion Swedish crowns ($7.1 billion), above the FactSet estimates of 57.1 billion Swedish crowns, which included a Polish submarine deal worth 47 billion crowns.

The total backlog amounted to 317.7 billion crowns, up from 197.6 billion a year ago and marking a fifth consecutive quarter of order book growth.

It comes as European governments ramp up defense spending, driving up book orders with the region's companies, in response to Russia's growing threat and invasion of Ukraine.

U.S. President Donald Trump's push to shift the responsibility of defending Europe onto the region's own governments – and his threat to withdraw troops from the continent – has hastened this urgency.

"We operate in a market with structurally growing demand and remain focused on scaling capacity, delivering to customers, and advancing new capabilities," said Saab CEO Micael Johansson in a statement. 

Investors are increasingly focusing on companies' ability to execute and deliver, as well as growing order books.

Sales came in at 25.5 billion crowns, beating FactSet estimates of 23.9 billion crowns, while operating profit (EBIT) was 2.8 billion crowns, compared to expectations of 2.4 billion crowns.

Saab, whose products range from Gripen fighter jets and submarines to missiles and advanced electronics, has seen exponential order growth since Russia's full-scale invasion of Ukraine in early 2022. 

Earlier this month, NATO Secretary General Mark Rutte said the alliance would order up to 10 spy planes from Saab, in a deal that could be worth nearly $5 billion based on the price of the GlobalEye aircraft.

Even with an ever-growing order book, booming sales, and increasing profitability, Saab stock, like many of its peers, has taken a hit in recent months as investors question whether valuations have run ahead of the industry's ability to deliver.

European defense stocks have fallen this year.

While defense spending remains unequal among European NATO countries, most countries have made progress on increasing the means devoted to military capabilities. 

Sweden joined NATO only in 2024, citing Russia's increasing aggression and a shifting geopolitical landscape. Saab's home country has increased defense spending as a share of GDP to 2.5% from 1.2% in 2021, according to SIPRI data.

Key Points:Strong U.S. retail sales and resilient jobless claims reinforced expectations that the Fed will keep rates higher for longer.DXY remains below trendline resistance, with a break above 100.77 needed to revive near-term bullish momentum.EUR/USD continues consolidating beneath key resistance while holding above both major moving averages.GBP/USD remains in a broader uptrend as buyers defend trendline support despite the recent pullback.

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US Dollar News: Strong Data Reinforces Fed’s Cautious Stance The U.S. Dollar’s technical profile is underpinned by better than expected data which highlighted steady retail sales and a strong jobs market. June retail sales saw 0.2% month on month growth while the control group rose 0.4%, both indicating underlying resilience in consumer demand. Initial jobless claims came in at 221,000 which highlighted a strong labour market. The data has tempered expectations that the Fed will start cutting rates this year as retail sales and unemployment remain relatively strong even though overall growth has slowed.

Meanwhile, The Euro’s outlook is weighed down by slowing growth prospects in the eurozone with the ECB keeping rates stable at its 2.25% deposit rate, according to futures.

Sterling has also found support following the central bank’s hawkish policy stance after UK inflation remains too high. The consensus is that policymakers will be holding the Bank Rate at 3.75%. This view is consistent with persistent price pressures as well as some easing in the labor market, both before the next rate decision.

US Dollar Technical Analysis: DXY Rejected Below Trendline as Bears Defend 100.77 Dollar Index Price Chart – Source: Tradingview The US Dollar Index (DXY) is at 100.69, after another test off the descending trendline at 100.77 resistance. DXY remains below 100.79 (50 EMA) and 100.87 (100 EMA) and the trendline which has been a source of repeated tests, confirming the short term bearish bias.

The 100.61 support level is followed by 100.52 and 100.35 while 100.77 resistance is followed by 101.03.RSI has dropped to ~47, indicating a potential slowdown in buyer momentum and a neutral-bearish tone overall. I’ll wait for the market to trade through 100.77 on my way to 101.03, with 100.61 being an important key level to flip if traded through.

GBP/USD Technical Analysis: Pullback Holds Above Trendline as Uptrend Remains Intact GBP/USD Price Chart – Source: Tradingview GBP/USD is near 1.3472 after a retreat from last week’s highs around 1.3559. Buyers are defending the trendline, as GBP/USD remains above the 50 EMA at 1.3449 and the 100 EMA at 1.3415. The price remains bullish despite a short term decline since higher highs and higher lows are intact on a larger picture.

GBP/USD faces 1.3507 resistance, with 1.3560 resistance ahead of that. Price is supported by 1.3449, which is followed by 1.3340 support. The RSI cooled to ~51, indicating that the correction has likely been a short term dip rather than a trend reversal. I’ll look to trade a breakout through 1.3507 on my way to 1.3560, with a drop below 1.3449 likely targeting 1.3340.

EUR/USD Technical Analysis: Bulls Hold Above 50 EMA While Testing Key Resistance EUR/USD Price Chart – Source: Tradingview The Euro is at 1.1450, consolidating below the 1.1461 resistance level after extending its rally in the previous sessions. The 1.1437 (50 EMA) and 1.1431 (100 EMA) levels are still supporting price action and the market remains bullish despite being turned down by overhead resistance.

The trend structure resembles a tightening symmetrical triangle with 1.1412 support at 1.1379. The 1.1461 resistance is followed by 1.1493.

The RSI is hovering around ~54, indicating a low degree of bullish momentum with room before entering overbought territory. I’ll wait for confirmation of a 1.1461 breach on my way to 1.1493, with a breakdown at 1.1412 likely sending price back toward 1.1379.

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Arslan is a finance MBA and also holds an MPhil degree in behavioral finance. An expert in financial analysis and investor psychology, Arslan uses his academic background to bring valuable insights about market sentiment and whether instruments are likely to be overbought or oversold.

Editors’ Picks

17.7.2026 09:22

Index PX: +0,10 % na 2 584,08 b.

V úvodu pátečního obchodování se index PX nachází v mírně zelených číslech. Nejvíce posilují akcie Monety (+1,47 %), Kofoly (+1,0 %) a CSG (+0,91 %). Naopak v záporu se obchodují akcie Primoca (-0,52 %), Komerční banky (-0,40 %) a Erste (-0,40 %).

Jakub Němec
Fio banka, a.s.
Prohlášení

The Australian Dollar (AUD) trades marginally lower against the US Dollar (USD) at around 0.6990 during the European trading session on Friday. The Aussie pair edges down as the US Dollar ticks higher amid fears that the United States (US) inflation could re-accelerate after slowing down in June.

At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% higher to near 100.80.

Fears of a resurgence in US inflation are prompted by elevated energy prices amid continued aggression in the Middle East. Above that, Iran has threatened to close the Red Sea if the United States (US) strikes Iranian infrastructure.

On Wednesday, US President Donald Trump threatened to attack Iranian bridges and power plants if Tehran doesn’t return to the table for negotiations.

On the Australian Dollar (AUD) front, investors await the employment data for June, which will be released next week.

AUD/USD technical analysis

AUD/USD trades slightly lower at around 0.6990, but maintains a mildly bullish near-term bias as spot remains above the 20-day exponential moving average (EMA) at 0.6969. The pair has recovered from late-May lows and is consolidating just over this dynamic floor, while the Relative Strength Index (RSI) at 51 suggests neutral-to-positive momentum without yet reaching overbought conditions.

On the downside, immediate support is provided by the 20-day EMA at 0.6969, followed by the July 14 low at 0.6913. Below 0.6913, the pair could slide to near the March 30 low at 0.6833. Looking up, the pair could extend its advance towards the June 18 high at 0.7042.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.

The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.

In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.

Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

USD/JPY steadies after registering minor gains in the previous day, trading around 162.40 during the Asian hours on Friday. The currency pair is maintaining a bullish near-term bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs). The location of prices over these key averages suggests buyers remain in control

Additionally, the daily technical analysis indicates that the USD/JPY pair is remaining within an ascending channel pattern, suggesting a prevailing bullish bias. The 14-day Relative Strength Index (RSI) around 59.8 stays in positive territory without yet signaling overbought conditions, hinting at sustained but measured upside pressure.

The USD/JPY pair could find initial resistance at the 40-year high of 162.84, which was reached on July 1. Further advances would support the pair to approach the upper boundary of the ascending channel around 164.50.

On the downside, the immediate support lies at the nine-day EMA of 162.22, followed by the lower boundary of the ascending channel around 162.00. A sustained break below the channel would expose the 50-day EMA at 160.85. Further declines below the medium-term moving average would cause a bearish emergence and put downward pressure on the pair to navigate the region around the four-month low of 155.04, recorded on May 6.

USD/JPY: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)

Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the strongest against the Australian Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD-0.07%0.03%-0.03%-0.06%0.12%0.03%-0.11%EUR0.07%0.11%0.04%0.00%0.20%0.10%-0.04%GBP-0.03%-0.11%-0.07%-0.11%0.08%0.00%-0.16%JPY0.03%-0.04%0.07%-0.04%0.15%0.04%-0.08%CAD0.06%0.00%0.11%0.04%0.20%0.10%-0.04%AUD-0.12%-0.20%-0.08%-0.15%-0.20%-0.11%-0.24%NZD-0.03%-0.10%-0.00%-0.04%-0.10%0.11%-0.14%CHF0.11%0.04%0.16%0.08%0.04%0.24%0.14% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).

Akciím Netflixu se už delší čas příliš nedaří a lepší to nejspíš nebude ani po ve čtvrtek oznámených hospodářských výsledcích za druhé čtvrtletí. Streamovací gigant investory zklamal hlavně svým výhledem na aktuální čtvrtletí, který zaostal za odhady trhu. Akcie proto v aftermarketu klesaly až o devět procent.

I když pro celý rok 2026 Netflix potvrdil výhled tržeb v pásmu 51 až 51,4 miliardy dolarů, tak pro třetí kvartál počítá s tržbami ve výši 12,9 miliardy dolarů a ziskem 0,82 dolaru na akcii, což je v obou případech méně, než byly odhady analytiků, kteří čekali tržby lehce nad 13 mld. USD a EPS ještě o dva centy vyšší.

Za reportované druhé čtvrtletí pak společnost vykázala tržby ve výši 12,6 miliardy dolarů a zisk 0,80 dolaru na akcii, což bylo přibližně v souladu s konsensem Wall Street.

Investoři se stále častěji ptají, zda si Netflix dokáže udržet růstovou trajektorii v době, kdy trh streamovacích služeb dospívá a konkurence sílí. Akcie společnosti za posledních dvanáct měsíců ztratily více než 40 procent své hodnoty. Negativní sentiment podle analytiků podpořily nejen některé strategické kroky firmy, ale také postupné ochlazování růstu příjmů.

Přestože Netflix zůstává největší placenou streamovací službou na světě z hlediska sledovanosti i počtu zákazníků, tak jeho růstové tempo v posledních čtvrtletích zpomaluje. V první polovině roku navíc firma čelila nedostatku výrazných nových hitů a některé vracející se seriály nedokázaly zopakovat sledovanost předchozích řad.

Rekordní počet hodin

Management tvrdí, že se soustředí na dlouhodobější strategii. „Neřídíme byznys čtvrtletně,“ řekl finanční ředitel Spencer Neumann v telefonátu s analytiky. Podle něj Netflix dosud oslovil přibližně 45 procent svého potenciálního trhu a jeho podíl na celkové globální televizní sledovanosti činí zhruba pět procent. Letos by společnost měla navýšit tržby o dalších šest miliard dolarů.

Počet hodin strávených sledováním obsahu Netflixu v první polovině roku překonal hranici 97 miliard hodin, což je historické maximum. Meziročně se objem sledování zvýšil o dvě procenta. Firma zdůraznila, že k růstu došlo navzdory konkurenci významných sportovních událostí, jako byly zimní olympijské hry nebo fotbalové mistrovství světa.

Netflix zároveň rozšiřuje nabídku obsahu mimo tradiční seriály a filmy. Větší pozornost věnuje živým sportovním přenosům nebo video podcastům. Podle vedení podcastový obsah přitahuje publikum zejména během dne a na mobilních zařízeních, zatímco živé přenosy se ukázaly jako efektivní nástroj pro získávání nových předplatitelů.

V posledních týdnech firma oznámila několik partnerství s populárními internetovými tvůrci (např. youtubeři Alan Chikin Chow a Nick DiGiovanni) a také spustila spolupráci s francouzskou televizní skupinou TF1. Výdaje na tvorbu a nákup obsahu by letos měly stoupnout přibližně o deset procent, tedy mírně rychleji než v předchozích letech. Společnost také uvedla, že generativní umělou inteligenci využila již na zhruba 300 pořadech.

Pozitivním signálem je podle Netflixu růst sledovanosti. Celkový čas strávený uživateli na platformě v první polovině roku stoupl o dvě procenta. Netflix upozorňuje, že k tomu došlo navzdory silné konkurenci velkých sportovních událostí, jako byly mistrovství světa ve fotbale nebo zimní olympijské hry, které vysílali jiní poskytovatelé.

Méně častější zveřejňování sledovanosti

Pozornost vzbudila i změna v přístupu Netflixu ke zveřejňování dat o sledovanosti. Společnost oznámila, že report What We Watched, který dosud publikoval dvakrát ročně, bude nově vydávat pouze jednou ročně. Platforma sice byla dlouhodobě jedinou významnou streamovací službou, která poskytovala takto detailní informace o výkonnosti jednotlivých titulů, nyní je ale s tím konec.

„Když se růst počtu předplatitelů stal méně spolehlivým ukazatelem, Netflix přestal zveřejňovat čtvrtletní počty členů. Nyní, když jsou sledovanost a aktivita uživatelů podrobeny většímu zkoumání, tak společnost snižuje frekvenci této zprávy. Netflix tvrdí, že engagement je zdravý. Pokud je to pravda, investoři by měli chtít větší viditelnost, ne menší,“ okomentoval pro Bloomberg změnu Mike Proulx, ředitel výzkumu ve společnosti Forrester.

17.7.2026 08:59

Po propadech v Asii futures v záporu

V závěru týdne se akciové indexy i futures kontrakty noří do červených čísel. V Asii jsme sledovali propady Japonska, Tchajwanu (v jednu chvíli přes -6 %) poté, co investoři vyprodávali technologické akcie – především výrobce čipů (index SOX je tak od maxima -19 %). Zámořské futures nyní klesají -0,85 % (včera SP500 -0,5 %), evropské otevření lze čekat kolem -0,5 % záporu. V prodlouženém obchodování v USA ještě ovlivnila negativně sentiment společnost Netflix (-9 %). Ropa nijak výrazně nereaguje na zprávy z Blízkého východu, kde USA zahájily nové údery proti Íránu a ten naopak reagoval útokem na základny v Kuvajtu, Jordánsku a Bahrajnu. Brent se obchoduje lehce pod 85 USD za barel. V Praze by mohl být na sentiment nadále imunní ČEZ, celkově ale index bude spíše ztrácet.

Pavel Hadroušek, makléř, Fio banka, a.s.

Bitmine hält 4,8 % des gesamten ETH-Umlaufs von 120,7 Millionen

Bitmine hat in nur 12 Monaten bereits 96 % des Weges zur „Alchemie of 5 %" zurückgelegt

Bitmine wurde am 26. Juni 2026 in den Russell 1000 Large-Cap-Index aufgenommen

Die Vorzugsaktien der Serie A von Bitmine werden an der NYSE unter dem Symbol BMNP gehandelt

Bitmine wird weiterhin von einer Gruppe führender institutioneller Investoren unterstützt, darunter Cathie Wood von ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital und der Privatinvestor Thomas „Tom" Lee, um das Ziel von Bitmine zu unterstützen, 5 % der ETH zu erwerben

, /PRNewswire/ -- (NYSE: BMNR) Bitmine Immersion Technologies, Inc. („Bitmine" oder das „Unternehmen"), ein im Bitcoin- und Ethereum-Netzwerk tätiges Unternehmen mit Schwerpunkt auf der Akkumulation von Kryptowährungen für langfristige Investitionen, gab heute die Veröffentlichung der Botschaft des Vorstandsvorsitzenden für Juli mit dem Titel „ETH ist das Heilmittel gegen das ‚Uncanny Valley of Wealth'" bekannt.

The Uncanny Valley

The "Uncanny Valley of Wealth" In dieser Botschaft des Vorstandsvorsitzenden wird die Überzeugung des Unternehmens dargelegt, dass Ethereum eine entscheidende Schnittstelle darstellt, um den Menschen vor den Folgeauswirkungen der zunehmenden Fähigkeiten der KI und dem daraus resultierenden wachsenden wirtschaftlichen Einfluss zu schützen:

Das „Uncanny Valley of Wealth" ist die Vorstellung, dass Menschen letztendlich durch die wachsende wirtschaftliche und soziale Macht einer Wirtschaft verunsichert werden, die zunehmend von agentenbasierter KI und bald auch von Maschine-zu-Maschine-Interaktionen angetrieben wird.   Dies ist eine Abwandlung des Konzepts des japanischen Robotikers Masahiro Mori, der 1970 den Aufsatz „Uncanny Valley" veröffentlichte. Seine Hypothese beschreibt das beunruhigende Gefühl, das Menschen oft überkommt, wenn sie auf etwas stoßen, das fast menschlich aussieht. Der Kryptomarkt sah sich 2026 mit makroökonomischen Gegenwinden konfrontiert, darunter die Einpreisung einer „hawkischen" Kehrtwende der globalen Zentralbanken durch die Anleihemärkte, der langsame Fortschritt des Clarity Act, die Outperformance von KI (auch bekannt als FOMO, „Fear of Missing Out") und die Underperformance des Finanzsektors. Im weiteren Verlauf des Jahres 2026 könnten sich unserer Ansicht nach viele dieser Gegenwinde in Rückenwind verwandeln. Während viele dies einfach dem „Krypto-Winter" zuschreiben, gab es im Jahr 2026 zahlreiche positive fundamentale Fortschritte, darunter die Ankündigung der Tokenisierung von Vermögenswerten durch viele Banken sowie die Einführung neuer Ethereum-Layer-2-Lösungen (L2) wie beispielsweise der Robinhood Chain. Dies steht im Gegensatz zu den Krypto-Wintern 2018 und 2022, als regulatorische Gegenwinde und der Zusammenbruch von Krypto-Institutionen diese Rückgänge prägten. Der Vorsitzende ist der Ansicht, dass Ethereum gut positioniert ist, um von zwei exponentiellen Treibern zu profitieren: dem Aufbau von Infrastruktur auf der Blockchain durch die Wall Street und der agentenbasierten KI (wie oben erläutert). Der Vorsitzende erläutert zudem, wie sich Bitmine strategisch auf die wichtigen Treiber des nächsten Krypto-Aufschwungs ausrichtet, indem es wichtige Infrastrukturpartner unterstützt und das Ethereum-Ökosystem stärkt. Die Nachricht des Vorsitzenden von Bitmine finden Sie hier:
https://www.Bitminetech.io/chairmans-message

Die Präsentation der Ergebnisse für das gesamte Geschäftsjahr 2025 sowie die Unternehmenspräsentation finden Sie hier: https://Bitminetech.io/investor-relations/ 

Wenn Sie an aktuellen Informationen interessiert sind, melden Sie sich bitte hier an: https://Bitminetech.io/contact-us/ 

Informationen zu Bitmine
Bitmine (NYSE: BMNR) ist ein Bitcoin-Miner mit Aktivitäten in den USA. Das Unternehmen setzt sein überschüssiges Kapital ein, um das weltweit führende Ethereum-Treasury-Unternehmen zu werden, und verfolgt eine innovative Strategie für digitale Vermögenswerte für institutionelle Investoren und Teilnehmer an den öffentlichen Kapitalmärkten. Geleitet von seiner Philosophie der „Alchemy of 5 %" setzt das Unternehmen auf ETH als primären Treasury-Reservewert und nutzt dabei protokollnative Aktivitäten, darunter Staking und dezentrale Finanzmechanismen. Das Unternehmen führte im Jahr 2026 MAVAN (Made in America VAlidator Network) ein, eine spezielle Staking-Infrastruktur für Bitmine-Vermögenswerte.

Weitere Informationen finden Sie auf X:
https://x.com/bitmnr
https://x.com/fundstrat

Zukunftsgerichtete Aussagen
Diese Pressemitteilung enthält Aussagen, die „zukunftsgerichtete Aussagen" im Sinne des Private Securities Litigation Reform Act von 1995 darstellen. Die Aussagen in dieser Pressemitteilung, die nicht rein historischer Natur sind, sind zukunftsgerichtete Aussagen, die Risiken und Unsicherheiten beinhalten. Diese zukunftsgerichteten Aussagen sind an Begriffen wie „erwartet", „plant", „prognostiziert", „beabsichtigt", „glaubt", „geht davon aus", „schätzt" und ähnlichen Formulierungen zu erkennen. Dieses Dokument enthält insbesondere zukunftsgerichtete Aussagen zu folgenden Punkten: (i) die Ziele des Unternehmens hinsichtlich des Erwerbs von ETH, einschließlich der Initiative „Alchemy of 5 %" und der Erwartung, dass Bitmine dieses Ziel im Laufe des Jahres 2026 erreichen wird; (ii) die Einschätzungen und Erwartungen des Unternehmens hinsichtlich des Kryptowährungsmarktes, einschließlich der Überzeugung, dass sich die makroökonomischen Gegenwinde, denen Kryptowährungen im Jahr 2026 ausgesetzt sein werden, in Rückenwind verwandeln könnten; (iii) die Überzeugung des Unternehmens, dass Ethereum eine entscheidende Schnittstelle darstellt, um die Menschen vor den nachgelagerten Auswirkungen der zunehmenden Fähigkeiten der KI zu schützen, einschließlich der These vom „Uncanny Valley of Wealth" hinsichtlich der wachsenden wirtschaftlichen und sozialen Macht einer Wirtschaft, die zunehmend von agentenbasierter KI angetrieben wird; (iv) die Überzeugung des Vorstandsvorsitzenden, dass Ethereum gut positioniert ist, um von zwei exponentiellen Wachstumstreibern zu profitieren: dem Aufbau von Blockchain-Infrastrukturen an der Wall Street und agentenbasierter KI; (v) die Überzeugung des Unternehmens hinsichtlich der Positionierung von Bitmine im Hinblick auf die wichtigen Treiber des nächsten Krypto-Aufschwungs, einschließlich der Unterstützung wichtiger Infrastrukturpartner und der Stärkung des Ethereum-Ökosystems; und (vi) das künftige Wachstum und die Weiterentwicklung der Ethereum-Treasury-Strategie des Unternehmens. Bei der Bewertung dieser zukunftsgerichteten Aussagen sollten Sie verschiedene Faktoren berücksichtigen, darunter: die Fähigkeit von Bitmine, mit neuen Technologien und sich wandelnden Marktanforderungen Schritt zu halten; die Fähigkeit von Bitmine, sein laufendes Geschäft, die Ethereum-Treasury-Aktivitäten sowie geplante zukünftige Geschäftsvorhaben zu finanzieren; das Wettbewerbsumfeld, in dem Bitmine tätig ist; Marktbedingungen, die den Handelskurs der Stammaktien und der Vorzugsaktien der Serie A des Unternehmens beeinflussen; regulatorische Entwicklungen im Bereich digitaler Vermögenswerte, einschließlich der endgültigen Verabschiedung und Umsetzung des GENIUS Act sowie anderer anhängiger Gesetzgebungsvorhaben und Initiativen der SEC; die Volatilität und Unvorhersehbarkeit der Preise digitaler Vermögenswerte; die Leistung, Zuverlässigkeit und Sicherheit der Staking-Aktivitäten des Unternehmens; Risiken im Zusammenhang mit KI-Systemen und deren Auswirkungen auf die Kryptowährungsmärkte; sowie den zukünftigen Wert von Bitcoin und Ethereum. Die tatsächlichen künftigen Entwicklungen und Ergebnisse können wesentlich von den in zukunftsgerichteten Aussagen enthaltenen Angaben abweichen. Zukunftsgerichtete Aussagen unterliegen zahlreichen Bedingungen, von denen viele außerhalb der Kontrolle von Bitmine liegen, einschließlich derjenigen, die im Abschnitt „Risikofaktoren" des Formulars 10-K von Bitmine aufgeführt sind, das am 21. November 2025 bei der SEC eingereicht wurde, sowie allen anderen bei der SEC eingereichten Unterlagen, die von Zeit zu Zeit geändert oder aktualisiert werden. Kopien der von Bitmine bei der SEC eingereichten Unterlagen sind auf der Website der SEC, www.sec.gov, verfügbar. Bitmine übernimmt keine Verpflichtung, diese Aussagen bei Überarbeitungen oder Änderungen nach dem Datum dieser Mitteilung zu aktualisieren, es sei denn, dies ist gesetzlich vorgeschrieben.

Silver price (XAG/USD) is down 0.8% to near $55.00 during the early European trading session on Friday. The white metal posted a fresh Year-To-Date (YTD) low at $54.77 earlier in the day. The asset faces intense selling pressure amid fears that the global energy supply could be squeezed further, following threats from Iran that it will close the Red Sea.

During the day, Iran asked Yemen’s Houthi militia to stand ready to close the Red Sea oil route if the United States (US) strikes Iranian power infrastructure, emerging as a new threat to global energy supply that is already squeezed due to US-Iran military aggression near the Strait of Hormuz, Reuters reports.

Iran’s Red Sea closure threat is a response to US President Donald Trump’s warning, through an interview with Fox News, that he will authorize forces to attack Iranian bridges and power plants if Tehran doesn’t come to the table for negotiations.

Fears of a further increase in oil prices due to energy supply concerns would keep inflation projections de-anchored, a scenario that forces central banks to tighten monetary conditions and eventually diminishes the appeal of non-yielding assets, such as Silver.

Meanwhile, a slight upbeat in the US Dollar amid fears that US inflation could re-accelerate due to higher energy prices after cooling down in June is also weighing on the Silver price. At press time, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, trades 0.1% higher to near 100.80. Technically, a higher US Dollar makes the Silver price an unfavorable risk-reward bet for investors.

However, the decline in hawkish Fed bets due to soft US CPI data remains intact. According to the CME FedWatch tool, the odds of the Fed delivering an interest rate hike in the meeting later this month have dropped significantly to 10.2% from 24.6% recorded a week ago.

Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

Are we heading toward an artificial intelligence (AI) infrastructure spending cliff? Some investors and analysts have been saying so for a while now, predicting that the leaders in the AI industry, such as Nvidia (NVDA 2.43%), could see their financial results worsen significantly once it happens. However, there are plenty of signs suggesting that AI spending isn't slowing down at all and may actually accelerate over the medium term. We could point to projections by other analysts and institutions. Some see AI infrastructure spending exceeding $1 trillion by 2029, up from $318 billion in 2025.

Perhaps more tellingly, plenty of companies are actively saying they will spend more on AI and putting their money where their mouths are. Let's consider three examples: Space Exploration Technologies (SPCX 3.08%), Alphabet (GOOG 4.43%) (GOOGL 4.48%), and SK Hynix (SKHY 13.73%). These corporations are flashing a bullish signal for Nvidia. Here's what investors need to know.

Image source: The Motley Fool.

The expensive AI infrastructure build-out Let's start with SpaceX, the space company with massive AI-related ambitions. SpaceX argues that AI represents, by far, its largest addressable market, which it estimates is $26.5 trillion. Before it can capitalize on this opportunity, though, SpaceX has to invest massive sums of money. In 2025, the company invested $12.7 billion in capex within its AI segment, significantly more than what it spent across its two other business units combined. And through March 31, SpaceX's AI unit's capital expenditures totaled $7.7 billion -- representing a $30.8 billion run rate -- suggesting the spending is accelerating.

And according to SpaceX's CEO, Elon Musk, the company will continue ordering racks of Nvidia's products. Next, let's consider Alphabet, which recently announced an $80 billion equity capital raise to fund its AI projects. The company said it would spend between $180 billion and $190 billion in capex this year. Management also warned investors: Capex spending will grow significantly in 2027. Alphabet was also clear that Nvidia's GPUs (Graphics Processing Units) are central to its AI business, even as it ramps up production of its internally developed custom AI chips.

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Then there is SK Hynix, a South Korean company that recently made its U.S. stock market debut. SK Hynix is a leading semiconductor company that manufactures HBM (High Bandwidth Memory) chips, which are a key component packaged with Nvidia's GPUs and provide the high-speed memory needed to run massive AI workloads efficiently. SK Hynix recently committed 1,100 trillion South Korean won (about $743 billion) to expand its manufacturing capacity over the medium to long-term. This is another bullish sign for Nvidia, as it signals that one of its suppliers is doubling down on expanding its manufacturing capacity, expecting the momentum we are seeing in the industry to continue.

What this means for Nvidia Nvidia's quarterly revenue has now increased sequentially for 14 straight quarters. That, in itself, is clear evidence of accelerating demand for the company's products in an otherwise cyclical semiconductor industry, and the company should maintain that momentum. It is now clear that AI will change every sector and industry. As companies seek to implement various AI-powered initiatives -- including AI agents that will automate many tasks -- demand for Nvidia's hardware should remain strong.

True, there is growing competition, but Nvidia has a massive lead in its core GPU market. It has also expanded beyond this niche and now offers products across the full stack of the AI infrastructure ecosystem, including CPUs (Central Processing Units) and GPUs, networking hardware, software, and much more. It may not be the top player across every single one of these niches, but its leadership in GPUs gives it a competitive edge in expanding across the AI infrastructure stack, allowing it to leverage its dominant ecosystem. The bottom line: The company's tailwind likely isn't over yet. Those who bet against Nvidia may keep losing.