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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 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 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
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.