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Intel Corporation – INTC
Trump administration said to discuss taking 10% in Intel, Bloomberg News reports
The Trump administration is said to discuss taking a 10% stake in American chipmaker Intel INTC, Bloomberg News reported on Monday, citing a White House official and other people familiar with the matter.
Shares of the company were down 3.8%.
The federal government is considering a potential investment in Intel that would involve converting some or all of the company’s grants from the U.S. Chips and Science Act into equity, the report said.
Trump, who met Intel CEO Lip-Bu Tan on August 11, has taken an unprecedented approach to national security.
He has pushed for multibillion-dollar government tie-ups in semiconductors and rare earths such as a pay-for-play deal with Nvidia NVDA and an arrangement with rare earth producer MP Materials MP to secure critical minerals.
Federal backing could give Intel more breathing room to revive its loss-making foundry business, analysts said, but it still suffers from a weak product roadmap and challenges in attracting customers to its new factories.
SOLUSD – Solana
Same as BTC and ETH Solana took a dive today.
So they all decided to move in unison…
Resistances: 191.45, 192.45 & 195.90
Supports: 180.05, 173.45 & 155.75
As long as it holds above 170.85 Solana can go back in being Bullish.
For that to happen , it also has to go above 191.45 this week…
What’s hot and what’s not?
What’s hot?
The dollar is up ahead of the Trump-Zelensky/European leaders meeting
What’s not?
Low expectations for the Trump-Zelensky meeting
All currencies but the USD
GOLD is steady on the day but off earlier high
US bonds (yields up on the day after trading softer early on… 10 year extending yield high to 4.345%)
BITCOIN is lower
What’s hot/not?
US stocks are steady awaiting the Trump-Zelensky/Europe meeting
ETHUSD – Ethereum
Ether went yesterday above that 4510.00 level, but failed to close above it.
As I said last night : If below on close tonight ( 4510.00 )– Monday might bring a sharp move down
And what a down move that was….
Now unless some unseen force provides a great support and rebound ETH back up ( doubt that 😀 , Ether is destined to check on supports at:
3955.00 & 3685.00
Resistances: 4165.00 & 3940.00
Intraday pressure : Up
BTCUSD – Bitcoin
BTC lost Uptrend support at 116.300 an now what’s left is another one at 114.700
Pass that one and we are on the way to 110.820 – last chance to rebuild the Bullish mojo and continue Up.
As you can see from this chart, that last support is a horizontal one – separates Bitcoin from falling back to 97.500 and consequently even 90.335
Intraday pressure : Down
USDCAD Technical Analysis – Canadian CPI and Fed Chair Powell on the agenda
Fundamental Overview
The USD came under some pressure at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and the inflation expectations in the UMich survey surprising to the upside.
Overall, we ended the week basically flat on the US dollar as the aggressive dovish expectations on the Fed got trimmed a bit. Nevertheless, given the overreaction from the Fed members to the last soft NFP, a September cut looks unavoidable now and only a hot NFP report in September might get us to a 50% probability (although it would certainly diminish expectations for rate cuts after the September one).
The focus has now switched to Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Traders will be eager to see if he changes his stance as well. Most likely though, he won’t pre-commit to anything and just reiterate that they will decide based on the totality of the data.
On the CAD side, the underlying inflation in Canada has been rising steadily since last December and continues to hover near the upper bound of the 1-3% target range. The data out of Canada has been improving recently and the latest employment report surprised to the upside.
The BoC kept interest rates unchanged at the last meeting as expected and although it kept the door open for more rate adjustments, it’s unlikely to do so unless we get another growth shock or a series of benign inflation data. The market is pricing 22 bps of easing by year-end.
USDCAD Technical Analysis – Daily Timeframe
On the daily chart, we can see that USDCAD rejected the key swing level at 1.3860 following the soft NFP and got stuck in a consolidation ever since. From a risk management perspective, the sellers will have a better risk to reward setup around the swing level to position for a drop into the 1.3540 low. The buyers, on the other hand, will want to see the price breaking higher to start targeting the 1.40 handle next.
Upcoming Catalysts
Tomorrow we have the Canadian CPI and Fed’s Bowman speaking. On Wednesday, we have Fed’s Waller and the FOMC meeting minutes. On Thursday, we get the US Flash PMIs as well as the US Jobless Claims figures. Finally, on Friday, we conclude the week with Fed Chair Powell speech at the Jackson Hole Symposium.
GBPUSD Technical Analysis – Eyes on the UK CPI and Fed Chair Powell
Fundamental Overview
The USD came under some pressure at the start of last week following the US CPI report as the data came mostly in line with expectations. In the following days though, we got some hottish data with the US PPI beating expectations by a big margin, the US Jobless Claims improving further and the inflation expectations in the UMich survey surprising to the upside.
Overall, we ended the week basically flat on the US dollar as the aggressive dovish expectations on the Fed got trimmed a bit. Nevertheless, given the overreaction from the Fed members to the last soft NFP, a September cut looks unavoidable now and only a hot NFP report in September might get us to a 50% probability (although it would certainly diminish expectations for rate cuts after the September one).
The focus has now switched to Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday. Traders will be eager to see if he changes his stance as well. Most likely though, he won’t pre-commit to anything and just reiterate that they will decide based on the totality of the data.
On the GBP side, the BoE delivered a hawkish cut at the last meeting with the first voting round failing to produce a majority. It was the first time ever the BoE had to conduct two voting rounds to reach a majority. Moreover, inflation forecasts were revised upwards, and the statement leant on the more hawkish side with these two lines: “upside risks around medium-term inflationary pressures have moved slightly higher” and “the restrictiveness of monetary policy has fallen.”
The central bank is finally acknowledging that inflation should be their biggest concern given that the UK still has one of the highest inflation rates among the major countries. In fact, core inflation has never fallen below 3% since 2021. Couple that with high wage growth and a central bank that is cutting rates, and the outlook gets very tricky for the BoE. This week the focus will be on the UK CPI data.
GBPUSD Technical Analysis – Daily Timeframe
On the daily chart, we can see that GBPUSD has rallied all the way up to the key swing level at 1.3590. This is where the sellers stepped in with a defined risk above the level to position for a drop back into the 1.3368 level. The buyers, on the other hand, will need the price to break higher to start targeting the next key level at 1.3790.
Upcoming Catalysts
Tomorrow we have Fed’s Bowman speaking. On Wednesday, we have the UK CPI report, Fed’s Waller and the FOMC meeting minutes. On Thursday, we get the UK and US Flash PMIs as well as the US Jobless Claims figures. Finally, on Friday, we conclude the week with Fed Chair Powell speech at the Jackson Hole Symposium.
EUR/USD: Euro Hits Sell wall at $1.17 as Resistance Builds at Third Inflection Point. Now What?
Key points:· Euro hits third rejection
· Upside swing challenged
· Resistance looms large
Excuse the technical language — but resistance is looming at the third leg up, causing the price to ricochet off of another lower high. Can euro bulls break through?
Triple Tap Resistance
· The euro’s recent upside swing hit a snag Monday as the EURUSD pair briefly pierced $1.1705 before fading under $1.1680, ricocheting off a well-defined descending resistance line. Forex bros are now asking: is this just a breather, or the start of another stall?
· The euro’s rejection at $1.17 marks the third touchpoint on the downtrend line, a level technicians have been eyeing to pile their shorts. The first rejection came July 1 at $1.1830, followed by a second at $1.1770 on July 28, and now today’s touch-and-go reversal.
· A move through $1.17 with conviction could open up a run toward $1.18, but as long as that line holds, the bias skews back toward range-trading or a corrective pullback.
Geopolitics vs. Monetary Policy
· For euro bulls, the question is whether the broader uptrend still carries enough momentum to break the sellwall.
· Monday’s headlines aren’t just about charts. Ukrainian President Volodymyr Zelensky will be at the White House, backed by European leaders. The goal? Press Donald Trump for security guarantees in a push to end the war. A breakthrough could reshape risk sentiment across FX markets.
· Later in the week, Federal Reserve Chair Jay Powell will take the stage at Jackson Hole on Friday, where traders expect clues on September’s policy move. With markets pricing in a near-95% chance of a Fed rate cut, any hint of hawkish hesitation could revive the dollar.
Bulls vs. Bears at the Line
· Until then, macro risks loom large over technical setups — meaning breakouts could come on headlines, not candles. The euro is still up 13% in 2025, its strongest yearly performance against the dollar in recent years. Momentum and rate-cut bets give bulls a case.
· Bears counter with resistance levels, geopolitical uncertainty, and the risk Powell pushes back on market easing expectations.
· The takeaway? The $1.17 level is the battlefield. The longer the euro-dollar stalls below it, the heavier the resistance grows. But a decisive break — especially with dovish Fed signals — could reset the trend higher.
S&P 500 Opens Lower, With Fed, Ukraine Meeting in Focus
Stocks were mostly flat Monday morning, a muted start to a Federal Reserve-centric week.
Minutes from the Fed’s July meeting will be released Wednesday, shedding light on policymakers’ deliberations as they kept interest rates on hold. Later in the week, central bankers will gather in Wyoming for the annual Jackson Hole symposium, with Fed Chair Jerome Powell slated to speak Friday.
Powell’s remarks will be scrutinized for insight into the Fed’s thinking ahead of its September meeting. A widening gap between shorter- and longer-dated U.S. borrowing costs underscores investors’ conviction the central bank will cut rates, as President Trump has pushed for.
Before then, Trump is set to meet with Ukrainian President Volodymyr Zelensky and European leaders in Washington. Monday’s meeting follows Trump’s summit Friday with President Vladimir Putin, after which he advised Ukraine to strike a peace deal with Moscow.
Away from geopolitics, earnings are due this week from Lowe’s, Target and Walmart. The big-box retailers will effectively wrap up a largely upbeat earnings season.
In recent trading:
Major U.S. stock indexes were mixed. The Dow hit a new intraday high Friday.
Treasury yields edged down, with the 10-year yield at around 4.32%.
The dollar strengthened against the yen and the euro.
Bitcoin prices dropped toward $115,000.
European stock indexes fell. Data showed European Union exports to the U.S. dropped in June to the lowest level since 2023.
Asian indexes largely rose. Benchmarks in Japan, Taiwan and Australia all closed at new records. The Shanghai Composite settled at its highest in almost a decade
SPX Chart
XRPUSD – Ripple
In one move XRP lost two important supports today
3.0290 – Channel support line and Uptrend one…
Now that support should act as a resistance, unless XRP manages to go back above it today or latest
Tomorrow.
Resistances:
3.0290, 3.0935 & 3.1280
Supports:
2.9420, 2.9000 & 2.7275
If supports lost, road is open for 2.1500
DAX Index
Supports: 24.245, 24.150 & 23.945
Resistances: 24.395, 24.535 & 24.640
Intraday – Dax is currently consolidating as long as it stays above 24.150
Anything below it might turn into correction
It has to push above 24.315 in order to continue Up.
Targets up there are 24.925 & 25.135
However, if it loses 24.150 two targets on the down side are:
23.740 & 23.600
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