1) The dollar rose to two-month highs against the yen on Wednesday after data showing that activity in the U.S. service sector expanded at the fastest rate in ten years last month, bolstering the outlook for higher interest rates.
USD/JPY was up 0.41% to 124.88, the most since June 8 from around 124.25 ahead of the data.
2) Wall Street opened higher on Wednesday after data showed private sector hiring slowed sharply in July, indicating a loss of momentum in the economy at the start of the third quarter and tempering expectations of a September interest rate hike.
The ADP National Employment Report showed private employers added 185,000 workers in July, below the 215,000 increase forecast by economists surveyed by Reuters.
3) Service sector activity in the U.S. grew at the fastest pace since August 2005 in July, boosting optimism over the health of the economy and supporting the case for a rate hike in September, industry data showed on Wednesday.
4) U.S. non-farm private employment rose less than expected in July, dampening optimism over the strength of the economy and fanning hopes that the Federal Reserve could delay raising interest rates until the very end of 2015, industry data showed on Wednesday.
5) West Texas Intermediate oil extended gains on Wednesday, after data showed that oil supplies in the U.S. fell more than expected last week.
Crude oil for delivery in September on the New York Mercantile Exchange tacked on 82 cents, or 1.79%, to trade at $46.56 a barrel during U.S. morning hours. Prices were at around $46.33 prior to the release of the inventory data.
Ask us about our FREE financial advice program: 
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: 
