EUR/USD
1.15063
-0.213%
Gold
4052.34
0.036%
Oil
78.865
-5.141%
USD/JPY
157.096
-1.307%
GBP/USD
1.34281
-0.356%
GBP/JPY
210.953
-1.658%
Real-time News
On Semiconductor (ON.O) reported Q2 2026 revenue of $1.6 billion, compared to market expectations of $1.59 billion; it expects Q3 revenue to be between $1.65 billion and $1.75 billion, compared to market estimates of $1.67 billion.Palantir (PLTR.O) reported revenue of $1.93 billion in Q2 2026, compared to market expectations of $1.805 billion and $1.003 billion in the same period last year.On August 4th, Evercore ISI stated that prolonged use of the Federal Reserves foreign and international monetary authorities repurchase facility could prompt the market to test the resolve of the US and Japan to maintain the yens exchange rate. This facility allows overseas institutions to obtain dollars using their holdings of US Treasury bonds as collateral, without having to raise cash by selling bonds in the open market. However, each counterparty has a daily limit of $60 billion. Evercore strategists noted that this limit is only slightly higher than the estimated amount Japan used to intervene in the foreign exchange market last Thursday. "We believe there is a counterproductive risk in the market focusing on the capped repurchase facility; if strengthening the yen requires large-scale sales of US Treasury bonds, this could prompt the market to test the resolve of the US and Japan," they said. They added that the facility is designed to provide short-term liquidity support, not as a persistent source of funding, so any borrowing must be rolled over for continued use. Furthermore, the facility is "relatively expensive," and the Federal Reserve intends to set these rates above the cost of private repurchase financing, indicating that the facility is not intended for daily financing or sustained foreign exchange intervention.The governor of Bushehr province, Iran, said that the South Pars gas field has resumed production of 60 million cubic meters of natural gas.U.S. Democratic Senator Mark Warner: Trump cannot stop his wavering stance. He threatened airstrikes against Iran, then canceled them citing an impending agreement, and now negotiations have broken down again. This war he chose to wage has lasted five months, but there is still no sign of it ending.
