We’re back to talking about soft landings and a Goldilocks economy. First it was a softer run of US inflation data that helped to encourage the prospect for more investor friendly Fed policy going forward. Then it was the combination of hot and cold Thursday US data. US equities have raced higher as the week comes to a close.
This analysis is for informational and educational purposes only. This is not a recommendation to buy or sell anything. MarketPunks is not a financial advisor and this does not constitute investment advice. All of the information contained herein should be independently verified and confirmed. Please be aware of the risks involved with trading in currencies, stocks, commodities, cryptocurrencies and sports. Do not trade with money you cannot afford to lose. It is recommended that you consult a qualified financial advisor before making any investment decisions.
Recommended Content
Editors’ Picks
AUD/USD consolidates above 0.6600 amid risk-on mood/hawkish RBA
![AUD/USD consolidates above 0.6600 amid risk-on mood/hawkish RBA](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/AUDUSD/hundred-bucks-3645622_XtraSmall.jpg)
AUD/USD holds steady above 0.6600 on Friday. Thursday's stronger US macro data eased fears of a slowdown in the world's largest economy and boosted investors' confidence. Moreover, the RBA's hawkish outlook lends support to the Aussie. A modest USD strength, bolstered by reduced bets for aggressive policy easing by the Fed, acts as a headwind.
USD/JPY pulls back from two-week top; downside seems cushioned
![USD/JPY pulls back from two-week top; downside seems cushioned](https://editorial.fxstreet.com/images/Markets/Currencies/Majors/USDJPY/crumpled-us-and-japanese-currency-13375743_XtraSmall.jpg)
USD/JPY edges lower on Friday, reversing part of the overnight rise to a nearly two-week high. The divergent BoJ-Fed policy expectations weigh on the pair, though the risk-on mood might continue to undermine the safe-haven JPY and help limit the downside.
Gold holds steady above $2,450 on positive Retail Sales data
![Gold holds steady above $2,450 on positive Retail Sales data](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/stacks-of-gold-bars-19033163_XtraSmall.jpg)
Gold price flat lines near $2,455 during the early Asian session on Friday. The yellow metal seesaws between gains and losses amid the consolidation of the US Dollar. Traders will focus on the preliminary of the US Michigan Consumer Sentiment Index for August, along with the Building Permits and Housing Starts.
Uniswap unveils $2.5 million security pool for v4 upgrade amid most UNI coins held at loss
![Uniswap unveils $2.5 million security pool for v4 upgrade amid most UNI coins held at loss](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/Uniswap/uniswap-150x150logo-637399982744667692_XtraSmall.png)
Uniswap has launched a $2.35 million prize pool for researchers to audit its upcoming v4 codebase. Uniswap v4 will introduce several new features, including on-chain limit orders and flash accounting. UNI's price may have bottomed, with 77% of coins held at a loss.
Investors feeling good about Goldilocks economy
![Investors feeling good about Goldilocks economy](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/Prices/Inflation/inflation-fears-6312019_XtraSmall.jpg)
We’re back to talking about soft landings and a Goldilocks economy. First it was a softer run of US inflation data that helped to encourage the prospect for more investor friendly Fed policy going forward. Then it was the combination of hot and cold Thursday US data.