Japan Construction Orders (YoY) declined to -11.1% in September from previous -3.6%

FXStreet Team FXStreet

Author

FXStreet Team

FXStreet

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 edges higher as hot CPI inflation and hawkish RBA lift rate hike bets

The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar edges higher against the US Dollar as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia rate hikes.

Japanese Yen struggles to gather strength as BoJ maintains status quo

USD/JPY trades marginally lower on the day at around 157.50 after the Bank of Japan (BoJ) decided to leave monetary policy settings unchanged at the October meeting. In the post-meeting press conference, BoJ Governor Ueda reiterated that they will continue to raise the policy rate and adjust the degree of monetary easing in reponse to economic activity and prices.

Gold slides below $4,000 as Fed rate hike bets offset falling bond yields and weak USD

Gold attracts some follow-through selling for the second straight day and slides below the $4,000 psychological mark during the Asian session on Friday amid hawkish US Federal Reserve expectations. In fact, US macro data released on Thursday pointed to resilient economic growth and persistent price pressures, solidifying bets for an imminent rate hike in December. This is seen as undermining the non-yielding bullion.

The hawkish Fed can't lift the US Dollar anymore

About three more Federal Reserve hikes are already priced in, and the central banks behind the Euro, Pound, Yen and Loonie are raising rates or about to. That leaves the US Dollar Index with little to gain if the Fed keeps leaning toward higher rates.

Binance hack puts crypto exchange custody risk back in focus

Binance is investigating a major security incident after billions of dollars in crypto assets moved from wallets associated with the exchange. The final scale of the incident remains unclear.

A hot US economy is supposed to sink Gold. It didn't. Here's why

Gold (XAU/USD) remains under pressure near $4,000, as stronger-than-expected United States (US) economic data reinforce expectations of another Federal Reserve (Fed) interest rate hike in December. Economic growth is accelerating, inflation remains elevated, and borrowing costs could rise further.