|

Israel Defense Forces intercepted two unmanned aerial vehicles launched from Yemen

In its latest post on X, the Israel Defense Forces (IDF). the nation’s military, said that “in the past hour, the Air Force intercepted two unmanned aerial vehicles launched from Yemen.”

This comes after Yemen’s Iran-backed Houthis entered the Middle East war for the first time on Saturday, firing a salvo of ballistic missiles on Israel. They also warned that the attacks would continue until aggression ceased on “all fronts”, indicating against Iran and its proxies such as Hezbollah.

Market reaction

The US Dollar Index (DXY) is closing in on 100.50 following these Middle East headlines, while Oil prices jump at the weekly open.

Author

Dhwani Mehta

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

More from Dhwani Mehta
Share:

Editor's Picks

AUD/USD seems vulnerable near 0.6800, 10-month low amid bullish USD

AUD/USD languishes near a 10-month low during the Asian session on Friday, awaiting a break below 0.6800 before the next leg up amid a bullish US Dollar. Firming Fed rate-hike expectations, along with fading hopes for US-Iran diplomacy, help the USD hold gains at its highest level since April 2025. Moreover, the RBA’s dovish tilt undermines the Aussie and backs the case for further losses.

USD/JPY bulls turn cautious near 160.00 amid intervention risks

USD/JPY enters a bullish consolidation phase around its highest level since early September as bulls turn cautious amid intervention risk near 160.00. Meanwhile, the downside seems cushioned as the wide US-Japan interest rate gap keeps the Yen carry trade active. Furthermore, the possibility of a jumbo Fed rate hike and Middle East uncertainties hold the US Dollar near a 19-month top, supporting the currency pair.



Gold struggles below $3,900 ahead of US PPI data

Gold  trims its gains on Friday after briefly climbing above $3,900. The metal fell to $3,852 on Thursday, its lowest level since October 2025. Hawkish remarks from Federal Reserve (Fed) officials have fueled bets on an extended period of monetary policy tightening, lifting the US Dollar (USD) and Treasury yields and leaving the metal down more than 4% so far this week.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Week ahead – Fed Minutes, inflation data and Nvidia earnings to guide investors

Fed minutes may add to hawkish tone as bets of 50-bps hike grow. Nvidia to report earnings as bar to impress high after spy scandal. Trade and geopolitics to be focal point of Trump-Xi summit.

What the US CPI headline doesn’t tell you about inflation

Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.