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Editors’ Picks
AUD/USD extends upside above 0.6500 as RBA rate cut hopes fade
The AUD/USD pair extends the rally to near 0.6505 during the early Asian session on Thursday. The Australian Dollar edges higher against the US Dollar as hotter-than-expected Australian inflation data dents bets on the Reserve Bank of Australia rate cut. The second estimate of the US Gross Domestic Product report for the second quarter will take center stage later on Thursday.
USD/JPY weakens below 147.50 amid unabated concerns over Fed’s independence
The USD/JPY pair loses ground to near 147.20 during the early Asian session on Thursday. The US Dollar weakens against the Japanese Yen as worries persist over the Federal Reserve’s independence. Traders brace for the second estimate of US Q2 Gross Domestic Product Growth Rate, followed by the weekly Initial Jobless Claims and Pending Home Sales reports.
Gold flirting with $3,400, record highs in sight
Gold now reverses its intial bearish mood and gathers fresh steam, trading at shouting distance of the key $3,400 mark per troy ounce as the US Dollar loses surrenders its earlier gains and US yields make a U-turn, down modestly for the day.
AI boom or bubble? Three convictions for investors
AI 2.0 = from “build it” to “prove it”: Big Tech’s AI investment is already in the hundreds of billions, but monetization remains modest. The cycle is shifting from spending on capacity to delivering productivity and revenue impact.
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