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AUD/USD steady around 0.6640 ahead of Aussie’s inflation data
The Australian Dollar registered minuscule losses against the US Dollar on Tuesday amid higher US Treasury yields. A softer-than-expected US 5-year Treasury note auction boosted the Greenback, which posed gains versus most other currencies. As the Asian session begins, the AUD/USD trades at 0.6649.
USD/JPY approaching 157.40 amidst broad Yen weakness
USD/JPY drifted into the high end on Tuesday, testing towards 157.40 as broad-market weakness in the Japanese Yen sends Yen pairs broadly higher. Japanese Tokyo CPI inflation remains a key print for Yen traders this week.
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Gold price snaps the three-day winning streak on Fed’s hawkish remarks
Gold price snaps the three-day winning streak on Wednesday amid the modest rebound of the Greenback. Additionally, the hawkish remarks from several Federal Reserve officials and stronger-than-expected US economic data diminish expectations of the Fed rate cut in September.
Bitcoin long-term holders begin re-accumulation after Semler Scientific and Mt Gox make major whale moves
Bitcoin declined briefly from the $70,000 mark on Tuesday as Semler Scientific and Mt Gox made notable whale moves. Glassnode also shared key on-chain insights that breathe clarity into the market's current state.
Price inflation isn't an accident; It's a policy
If you listen to government officials and central bankers talk about price inflation, you might think they don’t have the foggiest idea of what caused it. It might have been supply chain problems, or perhaps it was Putin’s fault.