Boston Scientific Corporation (BSX) operates in the healthcare sector and focuses on the development, manufacture, and marketing of medical devices across various interventional specialties. Listed on the NYSE under the “BSX” ticker, the company divides its operations into MedSurg and Cardiovascular segments, offering solutions for diagnostics, treatment, and remote patient management.

BSX is experiencing a rally from a low of $85.98 and anticipates further growth to the $112.20 – $120.29 range. In its weekly chart, an (II) low was noted at $24.10 in March 2020, and II of (III) was observed at $34.98 in June 2022. The company expects continued upward momentum after overcoming a short-term pullback.

Currency Exchange and Trends

The AUD/USD receded to below 0.6400 despite US Dollar weakness, amidst a dovish RBA stance and trade tension concerns. EUR/USD showed strength, nearing 1.1300 as the US Dollar faced selling pressure from trade uncertainties and economic concerns.

Gold prices rose beyond $3,280 per ounce, supported by a softer Greenback and cautious market mood. The cryptocurrency market also showed positive trends, with altcoins such as Aave (AAVE), Curve DAO (CRV), and Jito (JTO) gaining alongside Bitcoin. Meanwhile, Chinese economic activity slowed, with retail sales and fixed-asset investment missing expectations.

Building on the developments in equities, Boston Scientific’s strong chart action suggests that prices are trending confidently higher from the $85.98 baseline. Analysts have noted the appearance of a low at $24.10 back in early 2020, which kicked off what appears to be a broader impulsive move labelled as (III). Within this context, the retracement to $34.98 in mid-2022 effectively marked the II of (III) leg. Since then, the bullish bias has persisted. If current momentum holds, the price projection into the $112.20–$120.29 zone seems feasible, although a brief short-term pause may materialise before progress resumes.

For those of us positioned in options or futures linked to BSX, it’s wise to monitor implied volatility shifts and near-term resistance layers. These levels influence delta-adjusted exposure and could warrant strategic adjustments in contracts or hedging approaches. Trading volume and open interest, particularly around the higher end of the target corridor, may help confirm continuation or spot signs of temporary exhaustion.

Global Economic Indicators and Impact

Shifting attention to broader macro themes, the fall in AUD/USD—below the 0.6400 level—is somewhat disconnected from broader dollar weakness and more tied to domestic factors. The Reserve Bank’s softer tone has dampened appetite for the Aussie, while intensifying China-Australia trade risks have only added to traders’ caution. There’s no single economic print that sparked the move, but rather a collective readjustment of expectations.

In contrast, the strength in EUR/USD came as the Greenback lost its footing amid growing scepticism about the durability of the US economy’s resilience. The euro’s push towards 1.1300 may be viewed as the market beginning to price in reduced relative strength for the dollar, with traders seeking medium-term clarity ahead of inflation reads and rate expectations.

Commodities responded accordingly. We saw gold climb above $3,280 per ounce, backed by both declining dollar yields and a general bid for safety. Stronger bullion prices are feeding into forward-looking inflation expectations and offer indirect support for equity sectors exposed to precious metals.

Over in digital assets, names like Aave and Jito have seen upward pressure, much of it piggybacking on Bitcoin’s renewed strength. Sentiment in the space has improved, likely driven by expanding institutional interest and firmer regulatory clarity. These upward jolts can be useful indicators of broader risk appetite outside of traditional assets.

One of the weaker notes comes from China, where data fell shy across key areas—retail and infrastructure investment both underwhelmed, suggesting that the stimulus efforts to this point haven’t yet revived confidence. These underperforming metrics aren’t isolated; they hint at structural frictions that may take more time to work through.

With all of this in mind, we should stay nimble. Watch for rotation between asset classes, particularly as portfolio managers rebalance into the end of the quarter. Movements in equity-linked derivatives, FX options, and even ETF volumes could offer short-term cues. Market expectations are clear in spots and hazy in others—alignment of signals will matter when managing positions with tight expiry windows.

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