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On April 30th, Amazon (AMZN.O) reported Q1 2026 cloud revenue growth that exceeded Wall Street expectations, primarily driven by increased corporate investment in cloud computing services. Amazon Web Services (AWS) revenue grew 28% to $37.6 billion in Q1 2026, while analysts had previously expected an average increase of 25.08% to $36.61 billion. However, in volatile after-hours trading, the companys stock price fell 2%, and it projected second-quarter operating profit between $20 billion and $24 billion, slightly below the median analyst estimate of $22.62 billion.On April 30th, Microsoft (MSFT.O) reported revenue growth in its cloud business for Q3 of fiscal year 2026, while spending increased less than expected. Microsofts capital expenditures for Q3 of fiscal year 2026 increased by 49% to $31.9 billion, compared to institutional expectations of $34.9 billion. Total capital expenditures for the second quarter were $37.5 billion. Azure cloud computing revenue grew by 40% as expected in the quarter, faster than the 39% growth in the previous three months. This performance may alleviate market concerns: previously, the slow rollout of Microsofts Copilot 365 assistant for enterprises and its over-reliance on OpenAI may have eroded Microsofts early lead in the AI race. Furthermore, this also helps justify data center spending—although this spending has put pressure on cash flow, major cloud providers are expected to invest over $600 billion in AI infrastructure this year.Googles earnings call will begin in ten minutes.Qualcomm (QCOM.O): Leading hyperscale custom chip collaborations are expected to begin initial deliveries later this year. We look forward to providing information on opportunities including data center and physical AI at our Investor Day on June 24.On April 30th, Federal Reserve Chairman Jerome Powell told reporters at the end of his final press conference as Fed chairman on Wednesday, "Wont see you next time." This statement implicitly indicated that Kevin Warsh, not Powell, would be the one to attend the post-meeting press conference at the Feds next policy meeting in mid-June. This playful remark also confirmed Powells earlier promise: although he plans to continue serving as a Fed governor for some time after his term expires in May—due to concerns about the Trump administrations continued attacks on the Feds independence—he will not attempt to act as a "shadow chairman" to undermine Warshs authority.

Price Analysis: EUR/JPY Daily Rising Wedge Targeting 143.00

Daniel Rogers

Nov 23, 2022 16:01

 截屏2022-11-23 上午9.53.21.png

 

The EUR/JPY continues to consolidate within an ascending wedge, after ending Tuesday with tiny losses of 0.04% due to a risk-on sentiment. At the start of the Asian trading session, the EUR/JPY exchange rate is 145.48, representing a slight gain of 0.01%.

 

As noted previously, a rising wedge emerged on the EUR/JPY daily chart, with the bulk of daily lows acting as dynamic support after the 50-day Exponential Moving Average (EMA). In spite of the fact that the cross continues to move steadily, there has been less price action during the past four days. This would suggest that the EUR/JPY exchange rate is stable or that a breakout is near.

 

If the EUR/JPY reaches 146.00, it could accelerate a rally toward the year-to-date (YTD) highs near 148.40; however, buyers must first overcome crucial resistance levels. The first is the rising wedge top trendline close to 146.50, followed by the 9 November daily high at 147.11. After the psychological 148.00 is reached, the next objective will be 149.00.

 

If the EUR/JPY breaks below the rising wedge, the 50-day exponential moving average (EMA) around 144.12 would provide first support. A breach of this level will expose the 143.00 level, followed by the November 11 swing low of 142.54.

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