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Editors’ Picks
USD/JPY extends recovery toward 148.00, BoJ in spotlight
USD/JPY is extending recovery toward 148.00 early Friday as bulls stay motivated ahead of the key Bank of Japan (BoJ) interest rate decision. The BoJ is unlikely to adjust its policy settings. The policy guidance, however, will hold the key for the next direction of the pair.
AUD/USD eases to 0.6400 amid mixed Australian PMIs, firmer USD
AUD/USD is trading close to 0.6400, on the defensive in the Asian trading on Friday. The Aussie remains weighed down by the Fed's hawkish stance-led sustained US Dollar strength and mixed Australian PMI readings. Focus on US PMIs.
UPCOMING CALENDAR EVENTS
Editors’ Picks
Gold recovers its losses above $1,910, eyes on US PMI data
Gold price recovers some lost ground around $1,920 amid the USD demand. Hawkish comments from Federal Reserve (Fed) Chair Powell drags XAU/USD price lower. Investors will closely watch the preliminary US S&P Global/CIPS PMI data.
Space ID price succumbs to selling pressure with $3.54 million worth of ID tokens unlocked in a cliff event
Space ID price remains bullish based on the Parabolic SAR price-tracking indicator, which continues to track ID price from below. However, the token is trading at a value that is significantly lower than its rate 24 hours ago, an outcome attributed to its scheduled token unlocks event.
Takeaways into the end of the week
As we head into Friday, there are two important takeaways from developments this week. The first is that higher for longer Fed policy is something investors need to consider more seriously.