Around-the-clock trading: You can now spread bet and trade CFDs<\/a> on 67 major US shares<\/a>, including Palantir and AMD, from 1am on Mondays to 10pm on Fridays (UK time).\u00a0\u00a0<\/p>\n Palantir Q2 results<\/p>\n Monday 4 August Looking ahead to the third quarter, analysts anticipate earnings growth of 43% to $0.14 per share, and revenue growth of 35.5% to $982.9m. Capex in Q3 is projected to rise almost 90% year-on-year to $7.5bn, up from $4bn a year ago. Options market pricing indicates a potential 10.3% post-earnings move higher or lower for the Palantir share price, which has soared more than 110% this year to close at $158.35 on Thursday 31 July.<\/p>\n From a technical perspective, shares<\/a> of the Nasdaq-listed technology company \u2013 whose software helps organisations, governments and corporations analyse complex datasets \u2013 appear to be entering a potentially bearish phase. The stock has formed a rising-wedge pattern, which is supported by declining trade volumes. Typically, a rising wedge is viewed as a bearish reversal pattern, though such patterns can sometimes be unreliable and may not always unfold as anticipated. However, should this pattern persist, it could suggest that Palantir shares may revert to the origin of the pattern at approximately $130.<\/p>\n However, if the pattern does not play out as expected, the shares could continue to rally. That said, upside potential may be limited, given the significant concentration of options positioning around the $170 level, which is likely to act as resistance.<\/p>\n Palantir Technologies share price, November 2024 – present<\/p>\n \u00a0<\/p>\n US July ISM services PMI<\/p>\n Tuesday 5 August\u00a0 Such a development could negatively impact the US dollar, which has recently shown signs of recovery against other major currencies, buoyed by indications of a stronger US economy. However, a robust ISM reading, indicating that the service-sector slowdown has passed, could boost the dollar, posing a substantial downside risk for gold<\/a>.<\/p>\n Since April, gold has failed to surpass resistance at $3,425 on four separate occasions. Furthermore, prices have recently broken below the upward trendline. Gold is now consolidating near support at $3,275. Should this support level fail, gold could decline further, possibly towards $3,100.<\/p>\n Gold CFDs, February 2025 – present\u00a0<\/p>\n \u00a0<\/p>\n Bank of England rate decision<\/p>\n Thursday 7 August That said, GBP\/USD is also approaching oversold conditions, with the relative strength index (RSI) declining to 31 and the currency pair nearing its lower Bollinger Band. Should the BoE adopt a more hawkish stance (favouring higher rates to control inflation), GBP\/USD could rebound towards the 20-day moving average and resistance level near $1.343.<\/p>\n GBP\/USD, December 2024 – present<\/p>\n \u00a0<\/p>\n Major upcoming economic announcements and scheduled US and UK company reports include:<\/p>\n Saturday 2 August<\/p>\n \u2022\u00a0Results: Berkshire Hathaway (Q2)<\/p>\n Monday 4 August<\/p>\n \u2022\u00a0Japan: Bank of Japan monetary policy meeting minutes \u2022\u00a0Results: Mercado Libre (Q2), Palantir Technologies (Q2), Vertex Pharmaceuticals (Q2)<\/p>\n Tuesday 5 August<\/p>\n \u2022\u00a0China: July Caixin services purchasing managers\u2019 index (PMI) \u2022\u00a0Results: Advanced Micro Devices (Q2), Amgen (Q2), Apollo Global Management (Q2), Arista Networks (Q2), BP (Q2), Caterpillar (Q2), Diageo (FY), Eaton (Q2), Fresnillo (HY), Pfizer (Q2), Smith & Nephew (HY)<\/p>\n Wednesday 6 August<\/p>\n \u2022\u00a0Eurozone: June retail sales\u00a0<\/p>\n \u2022\u00a0Results: Airbnb (Q2), AppLovin (Q2), Brookfield Asset Management (Q2), DoorDash (Q2), Glencore (HY), Hiscox (HY), Legal & General (HY) McDonald\u2019s (Q2), Shopify (Q2), Uber (Q2), Walt Disney (Q3)<\/p>\n Thursday 7 August\u00a0<\/p>\n \u2022\u00a0Australia: June trade balance \u2022\u00a0Results: Brookfield Corporation (Q2), ConocoPhillips (Q2), Constellation Energy (Q2), Deliveroo (HY), Eli Lilly (Q2), Gilead Sciences (Q2), Harbour Energy (HY), Intercontinental Hotels (HY), WPP (HY)\u00a0<\/p>\n Friday 8 August\u00a0<\/p>\n \u2022\u00a0Canada: July employment change and unemployment rate<\/p>\n \u2022\u00a0Results: Plains All American Pipeline (Q2)<\/p>\n Note: While we\u00a0check all dates\u00a0carefully to ensure that they are correct at the time of writing,\u00a0the above\u00a0announcements are\u00a0subject to change.<\/p>\n \u00a0<\/p>\n Disclaimer: CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information. <\/p>\n","protected":false},"excerpt":{"rendered":"Welcome to Michael Kramer\u2019s pick of the key market events to look out for in the week beginning…\n","protected":false},"author":2,"featured_media":3136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-37347","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/37347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=37347"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/37347\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/3136"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=37347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=37347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=37347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAnalysts expect Palantir to report that second-quarter earnings grew 53.1% to $0.14 per share, as revenue surged an estimated 38.6% to $939.9m. Capital expenditure is forecast to have more than doubled in the quarter to $7.2bn, up from $2.9bn a year earlier.<\/p>\n![](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/palantir_01_08_25.webp.jpeg\")
Sources: TradingView, Michael Kramer<\/p>\n
\nThis purchasing managers\u2019 index produced by the Institute for Supply Management offers an indication of the health of the US services sector. The index has been trending lower in the past year, indicating that activity in the sector is declining. After peaking at a reading of 56 in October 2024, the index had fallen to 50.8 by June. If the July reading dips below 50, that would indicate that the US services economy has entered a contraction phase.\u00a0<\/p>\n![](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/gold_01_08_25.webp.jpeg\")
Sources: TradingView, Michael Kramer<\/p>\n
\nThe market is pricing in a quarter-point cut to interest rates at this month\u2019s meeting. Market-watchers also expect the Bank of England to signal at least one more cut before the end of the year. If policymakers strike a dovish tone (favouring lower rates to stimulate economic growth), there could be a significant impact on the pound, which has already begun to weaken against the dollar. Technical analysis indicates that GBP\/USD<\/a> is nearing the completion of a head-and-shoulders pattern, potentially driving the pair down to $1.308. At the start of July, GBP\/USD was trading at more than $1.37.\u00a0<\/p>\n![](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/gbpusd_01_08_25.webp.jpeg\")
Sources: TradingView, Michael Kramer<\/p>\n
\n\u2022\u00a0Switzerland: July consumer price index (CPI)
\n\u2022\u00a0UK: July like-for-like retail sales<\/p>\n
\n\u2022\u00a0Eurozone: June producer price index (PPI), July composite PMI
\n\u2022\u00a0New Zealand: Q2 employment change and unemployment rate
\n\u2022\u00a0US: July ISM services PMI<\/p>\n
\n\u2022\u00a0China: July trade balance
\n\u2022\u00a0New Zealand: Q3 Reserve Bank of New Zealand inflation expectations
\n\u2022\u00a0UK: Bank of England interest rate decision
\n\u2022\u00a0US: Weekly initial jobless claims<\/p>\n