Eurozone ECB Rate On Deposit Facility in line with expectations (2.25%)

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Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD climbs above 0.6950 on RBA Kent's hawkish remarks, ahead of Chinese data

AUD/USD attracts follow-through buyers for the second straight day on Monday, extending last week's recovery from sub-0.6900 levels to an over three-month high amid supporting factors. RBA Assistant Governor Chris Kent's hawkish remarks boost the Australian Dollar ahead of China's macro data dump. Meanwhile, the recent fall in US bond yields keeps the US Dollar near a two-week low, touched last Friday, further boosting the pair.

USD/JPY struggles below 158.00 on hawkish BoJ, weak USD

USD/JPY meets fresh supply during the Asian session on Monday, trading above last week's swing low as the US Dollar remains depressed near a two-week low amid the recent decline in US bond yields. Furthermore, looming intervention risks underpin the Japanese Yen and weigh on the currency pair amid BoJ Governor Kazuo Ueda's hawkish remarks. Meanwhile, Fed rate-hike bets and geopolitical uncertainties could limit USD losses and support spot prices.

Gold eyes $4,200 as sliding bond yields keep USD depressed

Gold kicks off the new week on a positive note, awaiting a sustained move above $4,200 before the next leg up as the recent decline in US bond yields keeps the US Dollar depressed. However, Fed hike bets and geopolitical risks help the buck hold above a two-week low, touched on Friday, which might keep a lid on further upside for the non-yielding bullion.

Week ahead: Stocks seek direction as earnings take centre stage

It has been a challenging week for investors as the hotter US CPI report and the solid start to the earnings season did not produce the expected market movements. With the exception of the aussie, the US dollar is currently posting minimal gains across the FX spectrum, with its post-CPI rally proving short-lived, especially as dovish Fedspeak persists.

Bitcoin is holding above 80K but for how long?

The crypto market heads into the weekend with a cautious tone after a volatile week dominated by hot CPI and PPI prints, a visible shift in sentiment, and Bitcoin’s repeated battle with the 80K psychological support.

Everyone's dumping Gold after hot US inflation. Here's why $4,100 could be a floor, not a cliff

Gold (XAU/USD) is recovering from a sharp sell-off triggered by hotter-than-expected United States (US) inflation data released on Wednesday. The precious metal briefly plunged toward $4,073 as investors increased their bets on further Federal Reserve (Fed) interest rate hikes before recovering as US Treasury yields and the US Dollar (USD) reversed their initial gains.