Pound Sterling shows restraint before US PCE inflation report.
Pound Sterling is facing pressure against the US dollar, currently at about 1.3330, with the August US PCE price index data pending. The US economy showed strong growth of 3.8% in the second quarter. Megan Greene, a member of the Bank of England’s Monetary Policy Committee, cautions about rising inflation risks. During the European trading […]
GBP/USD remains around 1.3350 as traders exercise caution over UK inflation concerns.
GBP/USD remains steady as the pound shows stability amidst a vague BOE policy outlook. BOE’s Megan Greene cautioned about potential rate cuts, hinting at a pause in November due to rising inflation risks. The US dollar finds support from robust economic data, which could delay Fed interest rate cuts. After experiencing two days of decline, […]
Euro rises above 1.1650 before US PCE inflation figures
The EUR/USD pair is trending toward 1.1680 during Friday’s Asian market session. Major US PCE inflation data set for release later today may provide important insights. A recent Reuters survey indicates most economists expect the ECB to maintain its current stance until at least December 2025. During Friday’s Asian trading hours, the EUR/USD pair managed […]
US Dollar Index sees slight increases approaching 98.50 as US PCE inflation data approaches
The US Dollar Index is expected to be around 98.40 during early Asian sessions on Friday. The second quarter saw a 3.8% growth rate in the US economy, with initial unemployment claims dropping to 218,000 last week. The August PCE inflation report will be a key focus later on Friday. The US Dollar Index (DXY), […]
Stock futures show little movement ahead of important inflation report: Live updates
A trader is seen working on the New York Stock Exchange floor. NYSE Stocks are pretty much sitting still as traders eye important inflation numbers coming up. Futures for the Dow Jones increased by 18 points, which is about 0.04%. Meanwhile, the S&P futures went up by 0.06%, and Nasdaq 100 futures edged up by […]
How Bitcoin Traders Are Getting Ready for Inflation Data and What to Expect Next
Simply put Bitcoin is currently priced at $111,336, reflecting a daily drop of 1.8% and a weekly decline of 5.4% as investors await the upcoming PCE inflation data. In the forecasts, 61% of users believe BTC will dip to $105,000 before hitting a new high, with selling pressures expected between $115,000 and $119,000. The likelihood […]
Today’s Forex Focus: SNB rate decision, US GDP, and Tokyo CPI inflation in Japan ahead
The US dollar saw a rise on Wednesday, leading to increased risk aversion across the market. Central banks globally are navigating through economies that are growing at different speeds, many of them combating a notable slowdown in economic activity. Simultaneously, persistent global inflation indicators remain high, complicating the effectiveness of several standard policy responses. The […]
Inflation Eases as Companies Take on Tariff Costs Instead of Passing Them to Customers
Businesses Absorb Tariff Costs, Impact on Inflation Shows Mixed Signals Recent data indicates that instead of increasing consumer prices, American businesses are absorbing the higher costs associated with tariffs. This development may suggest that the Federal Reserve ought to prioritize labor market support over other concerns. The Purchasing Manager Index for September, provided by S&P […]
A Divided Federal Reserve Faces Doubts About the Job Market and Inflation
Federal Reserve Views on Interest Rates and Inflation Federal Reserve officials are currently divided on how aggressively to cut interest rates, especially as concerns grow over the potential for weakened labor markets. Others, however, remain focused on persistent inflation that has exceeded targets for more than four years. Recent speeches and interviews have highlighted the […]
Hayashi of Japan states that a weak Japanese Yen plays a role in inflation.
Japan’s Economy and Yen Dynamics The candidate for Prime Minister, Yoshimasa, remarked on Monday that Japan’s struggling yen, along with the surge in oil prices due to the ongoing conflict in Ukraine, is contributing to cost-push inflation. Key Remarks Yoshimasa mentioned that the Bank of Japan (BOJ) formulates its monetary policy in alignment with government […]