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Weekly outlook: US Dollar remains stable as PCE inflation increases and GDP shows weakness

Weekly outlook: US Dollar remains stable as PCE inflation increases and GDP shows weakness

On Friday, the US dollar (USD) remained stable following the release of important economic data, while the US dollar index (DXY) noted a respectable weekly increase of nearly 1%. Core personal consumption expenditures (PCE) showed a year-on-year rise of 3% in December, which exceeded market predictions. This suggested inflationary pressures are climbing, providing a boost […]

Silver (XAG) Outlook: Price Prediction Depends on 50-Day MA and PCE Report

Silver (XAG) Outlook: Price Prediction Depends on 50-Day MA and PCE Report

A key resistance zone from $92.87 to $99.66 is likely to cap any upside. Even without considering other resistance levels, I think that any potential gains are likely to be constrained by the main retracement zone of $92.87 to $99.66. I’ve actually been looking for the market to reach this range for about two weeks […]

US Dollar Index remains steady around 99.00 before GDP and PCE inflation figures

US Dollar Index remains steady around 99.00 before GDP and PCE inflation figures

The US dollar index (DXY), which gauges the dollar’s value against six key currencies, has held steady after slight increases in the prior session. As of Thursday, DXY is hovering around 98.80 Asian time. Traders are looking ahead to the weekly jobless claims, annualized GDP, and personal consumption expenditure (PCE) inflation data for fresh insights […]

Stocks Expected to Start Lower as Bond Yields Rise, Awaiting U.S. PCE Inflation Data

Stocks Expected to Start Lower as Bond Yields Rise, Awaiting U.S. PCE Inflation Data

Market Update: Wall Street Edges Down as Yields Rise This morning, December S&P 500 E-Mini Futures are down -0.57%, and December NASDAQ 100 E-Mini Futures have declined by -0.68%. This downturn reflects a cautious sentiment on Wall Street as U.S. Treasury yields increase, partly influenced by the recent comments from Bank of Japan Governor Kazuo […]

Research shows that the dry cleaning chemical PCE increases the risk of liver disease threefold.

Research shows that the dry cleaning chemical PCE increases the risk of liver disease threefold.

Research Links Common Chemicals to Higher Liver Disease Risk Recent findings suggest that exposure to everyday chemicals, particularly those used in dry cleaning and certain consumer products, significantly increases the risk of serious liver diseases. Specifically, tetrachloroethylene (PCE), also found in some adhesives and stainless steel polishes, appears to be linked to a three-fold increased […]

GBP/USD rises slightly as the dollar weakens following US PCE and UoM sentiment data

GBP/USD rises slightly as the dollar weakens following US PCE and UoM sentiment data

Currency Update: British Pound’s Recovery The British pound is steady after facing two days of declines, with GBP/USD showing signs of improvement. The recent US PCE Inflation Report clarified the Federal Reserve’s perspective and largely aligned with predictions. The Core PCE Price Index increased by 0.2%, adhering to forecasts, and a slight dip from 0.3% […]