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Japanese Yen remains offered near 158.00

Japanese Yen remains offered near 158.00

USD/JPY manages to gather some composure and partially leave behind the recent severe pullback, approaching the key 158.00 hurdle and opening the door to a probable retest of its key 200-day SMA. The pair’s bounce comes amid steady caution in light of another potential intervention in the FX universe to support the (until last week) beleaguered Yen. Moving forward, Japan’s Average Cash Earnings and the final Services PMI are due seconded by the BoJ Minutes.

AUD/USD challenges multi-week tops near 0.7050

AUD/USD challenges multi-week tops near 0.7050

AUD/USD regains balance, sets aside Monday’s losses and shifts its attention back to the 0.7050 region, or seven-week peaks, ahead of the opening bell in Asia. The daily recovery in spot comes in response to a decent decline in the US Dollar in a context of persistent uncertainty surrounding the Middle East conflict. In the meantime, the release of the final Services PMI will take centre stage in Oz seconded by China’s RatingDog Services PMI.



UPCOMING CALENDAR EVENTS

Editors’ Picks

Gold keeps the range despite fresh optimism

Gold keeps the range despite fresh optimism

Gold extends Monday’s optimism and approaches the $4,100 mark per troy ounce on Tuesday. The yellow metal’s recovery remains on a positive footing as uncertainty surrounding US-Iran peace efforts and the Fed’s policy outlook keeps traders prudent.

Coinbase Bitcoin Premium Index extends historical negative streak as risk appetite deteriorates

Coinbase Bitcoin Premium Index extends historical negative streak as risk appetite deteriorates

The Coinbase Bitcoin Premium Index extends its negative streak to 78 consecutive days on Tuesday, the longest on record. This reading comes amid the ongoing bearish trend, which has seen Bitcoin (BTC) drop by almost 50% from its record high to trade around $64,000.
Palantir shares spike on Q2 beat

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.

PRESS RELEASES

Moneta Markets Strengthens UAE Presence with CMA Category 5 Licence

Moneta Markets Strengthens UAE Presence with CMA Category 5 Licence

Moneta Markets’ new regulatory milestone reinforces the broker’s long-term commitment to the UAE and its continued investment in transparent, locally established operations.

Rising Africa Trader Cup Opens Across 37 African Countries, Giving Traders an Equal Start and a Shot at Cash Prizes

Rising Africa Trader Cup Opens Across 37 African Countries, Giving Traders an Equal Start and a Shot at Cash Prizes

EBC Financial Group launches a demo trading competition across Africa, offering a USD1,000 prize pool, 20 prize positions, and the same starting equity for every participant

TenTrade Appoints Wilfred Obasi as Regional Director Africa, Accelerating Local Expansion

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.

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