Live updates: promos, term changes, new challenges, payouts.
At the Bank of Japan, they are leaning toward leaving the rate unchanged at the October 30 meeting. Against this backdrop, the probability of an October hike has fallen to about 10%, and USD/JPY is holding near 158.50, close to monthly highs.
Iran announced a strike on a third supertanker in the Strait of Hormuz in two days. Only one incident has been independently confirmed, but Brent crude rose to $106.80 amid new risks per
Cleveland Fed President Beth Hammack said the U.S. economy remains strong and inflation is high. In her view, the Fed needs to continue tightening monetary policy, although the pace of rate hikes may be adjusted.
Bitcoin fell from $84,200 to $81,382 over the day, losing about 2.8%, while total liquidations on the crypto market reached $771 million. By the morning of October 13, BTC had recovered above $83,000.
Gold is trading around $4,215 on Monday and holds above $4,200. The metal is supported by the largest inflows into gold ETFs in four years, central bank buying and a weaker dollar.
Initial jobless claims in the US came in at 197K versus a forecast of 200K. The market read the data as a signal of no mass layoffs: government bond yields rose, while US indices moved lower.
Fed Board of Governors member Christopher Waller said that inflation in the US remains too high and further rate hikes are still necessary. At the same time, new steps may come with pauses, rather than at every consecutive meeting.
Gold declined after the publication of the minutes of the September Fed meeting. XAU/USD briefly dropped to $4,066, the lowest level in about two months, amid a stronger dollar and rising US bond yields.
The DXY dollar index rose to 102.35, approaching the yearly high of 102.50. The main support for the dollar comes from US Treasury yields, which are near more than two-decade highs.
XAU/USD rose to $4,227 on Friday but failed to consolidate above $4,200 and pulled back to $4,138. That is about a 1% decline for the day, despite a weak US labor market report.
