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AUD/USD holds firm above 0.7000 after China's RatingDog Services PMI
AUD/USD holds higher ground above 0.7000 in Asian trading on Wednesday, supported by the upside surprise in the Chinese RatingDog Services PMI data for January. The Aussie preserves the hawkish RBA-inspired gains, with further upside likely capped by a slight deterioration in risk sentiment.
USD/JPY advances above 156.00 as fiscal, political woes weigh on JPY
USD/JPY trades with a positive bias for the fourth straight day on Wednesday and looks to build on a one-week-old uptrend above 156.00. Concerns about Japan's fiscal health and political uncertainty counter hawkish BoJ expectations, undermining the Japanese Yen ahead of the February 8 snap election, while boosting the pair. However, a softer risk tone could limit losses for the safe-haven JPY and cap the pair amid subdued US Dollar price action.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold extends recovery toward $5,050 as US-Iran tensions boost haven demand
Gold price builds on the previous recovery toward $5,050 in the Asian session on Wednesday. The precious metal extends the rebound after a historic and volatile sell-off last week. Traders weigh the next round of US economic signals amid a resurgent demand for safe-haven assets and renewed US-Iran geopolitical tensions.
Why is the crypto market crashing?
Bitcoin and the broader crypto market are experiencing a heavy downturn on Tuesday amid negative sentiment following the latest tech earnings. The top crypto briefly declined more than 5% over the past 24 hours, sliding below $73,500 before quickly recovering above $75,000 at the time of publication. Over the past two weeks, Bitcoin has lost more than 23%, eroding about $401 billion in market capitalization.
Stock markets brush aside metals madness
It has been a solid day for equity markets despite the carnage in gold and silver prices, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
PRESS RELEASES
HFM begins 2026 by announcing the release of its latest Trading Courses and a new eBook
HFM aims to reinforce the company’s commitment to empowering traders through high-quality education.
STARTRADER launched youth sports initiative in Thailand
STARTRADER announced the launch of a basketball court renovation project at Ban Nam Lad School in Thailand as part of its “Where Tomorrow STARS Begin” corporate social responsibility initiative.
STARTRADER unveils UAE National Team Jersey for ICC T20 World Cup 2026
The event, attended by 70+ management members from both sides, including STARTRADER executives, Emirates Cricket Board officials, players, and also media, marks the formal launch of the sponsorship ahead of the ICC Men's T20 World Cup 2026, which begins on February 7th.