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USD/JPY hovers near 154.00, reverses Tokyo CPI-led slide
USD/JPY is consolidating its rebound near 154.00, having reversed the Tokyo CPI data-led slide to 153.40. The pair stays volatile, as the BoJ-Fed policy divergence remains in play while markets reposition ahead of the top-tier US PCE inflation data due later on Friday.
AUD/USD clings to recovery gains near 0.6650 ahead of US PCE
AUD/USD is holding its recovery near 0.6650, bracing for the top-tier US PCE inflation data. Continual weakness in China's economy paired with depreciating iron ore prices remains a major contributor to the recent decline in the Aussie.
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Gold price moves away from two-week low amid modest USD weakness, ahead of US PCE data
Gold price dived to over a two-week low following the release of the US macro data on Thursday. September Fed rate cut bets keep the USD bulls on the defensive and help to limit any further losses. Traders now look to the US PCE Price Index data before positioning for a firm near-term direction.
Top 3 Price Prediction BTC, ETH, XRP: Bitcoin retests its key support level around $62,000
Bitcoin and Ethereum are currently retesting key support levels around $62,700 and $3,000, respectively, suggesting a potential for recovery, while Ripple is finding resistance at $0.640, and a breakout above this level could signal a bullish move in the near future.
Will financial markets get some relief as the week closes out?
There’s been no let-up in global growth worries this week and risk off price action has intensified as best reflected through more weakness in US equities. The latest concerns come from discouraging US earnings, ineffective China monetary policy easing efforts, and distressing data out of the Eurozone and UK.