AUD/USD is extending its rebound above 0.6500 in Asian trading on Thursday. The pair advances due to the USD/JPY slide-led US Dollar weakness. The mixed Australian Retail Sales and Q4 Private Capex data had little impact on the Aussie. Key US PCE inflation data awaited.
USD/JPY is extending losses below 150.00 after coming under intense selling pressure on hawkish comments from BoJ policymaker Takata. Takata hinted at a likely policy pivot, sending the Japanese Yen higher across the board. US PCE inflation data is next on tap.
Gold price (XAU/USD) ticks higher during the Asian session on Thursday and looks to build on the overnight modest bounce from the $2,025-2,024 area, or the weekly low. The precious metal, however, remains below the $2,040-2,042 strong horizontal barrier as traders keenly await the release of the US Personal Consumption Expenditures (PCE) Price Index.
Following the landmark approval of multiple spot Bitcoin exchange-traded funds (ETFs) on January 10, this has been the abounding theme in the cryptocurrency market.
Unless you were out caving, like Lando Norris was and missed out on when the Lewis Hamilton to Ferrari news broke, you likely heard that Equities hit fresh record highs last week in several markets from Europe to Japan.