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.

 

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AUD/USD consolidates above 0.6600 amid risk-on mood/hawkish RBA

AUD/USD consolidates above 0.6600 amid risk-on mood/hawkish RBA

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.

AUD/USD News

USD/JPY pulls back from two-week top; downside seems cushioned

USD/JPY pulls back from two-week top; downside seems cushioned

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. 

USD/JPY News

Gold holds steady above $2,450 on positive Retail Sales data

Gold holds steady above $2,450 on positive Retail Sales data

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. 

Gold News

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

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.

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Investors feeling good about Goldilocks economy

Investors feeling good about Goldilocks economy

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. 

Read more

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