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USD/JPY turns lower to near 157.50 amid subdued USD
USD/JPY turns lower to near 157.50 in Asia on Wednesday, despite the release of hawkish BoJ June meeting Minutes and rising Japanese wages. A broadly subdued US Dollar, amid US-Iran peace deal hopes, weighs on the pair amid looming intervention risks.
AUD/USD eases from two-month highs above 0.7050 after weak China's PMI
AUD/USD is seeing fresh selling pressure, easing from two-month highs near 0.7055 in the Asian session on Wednesday, following the release of weak Chinese RatingDog Services PMI for July. The pair also faces headwinds from a modest uptick in the US Dollar amid hawkish Fed commentary and US-Iran uncertainty. Mideast headlines and US ISM Services PMI remain in focus today.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold remains below $4,100 but receding Fed hike bets and soft USD lend support
Gold is seen consolidating during the Asian session on Wednesday as bulls seem hesitant amid repeated failures to sustain above $4,100. Meanwhile, oil prices hang near a four-week low on the back of optimism over a potential US-Iran peace deal and the full reopening of the Strait of Hormuz. This helps ease inflation fears and further temper Fed rate-hike bets, which keeps US Dollar bulls on the defensive and continues to act as a tailwind for the bullion.
Ethereum holds steady below $1,900 as retail distribution rises
Palantir shares spike on Q2 beat
Palantir Technologies (PLTR) stock jumped 9% afterhours on Monday after reporting a solid beat for the fiscal second-quarter. The artificial intelligence and big data company earned $0.41 in adjusted earnings per share on revenue of $1.94 billion. The EPS figure bested the Wall Street consensus by 6 cents, and the revenue print was $130 million above the average analyst estimate.
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TenTrade Appoints Wilfred Obasi as Regional Director Africa, Accelerating Local Expansion
Global CFD and prop brokerage firm TenTrade further strengthens its presence and strategic operations in Africa by onboarding Wilfred Obasi as its Regional Director in the region.