Australian Dollar recovers from weekly low against USD before US PCE; challenges remain ahead
The AUD/USD pair demonstrated some strength beneath the 0.7100 level, bouncing back slightly after dipping to a one-week low earlier this Thursday. During early European trading, the spot prices hovered around 0.7120, marking a decline for the second consecutive day. Recent data released on Wednesday indicated that the composite Australian Consumer Price Index (CPI) decreased […]
US Dollar Index (DXY) Outlook: Remains above 99.00 before US PCE
The US Dollar Index (DXY), which measures the US dollar against a range of other currencies, experienced strong buying momentum for the third consecutive day, reaching a level close to 99.54 on Thursday, its highest since early April. However, it pulled back a bit during early trading in Europe, settling around 99.35, yet still registering […]
March PCE: Inflation stayed high during the Iran conflict
Economic Outlook and Inflation Insights RBC Chief Economist Francis Donald shared insights on the economic landscape, including his predictions for U.S. GDP and inflation risks ahead. He noted the nuances of the labor market and consumer spending, which are leading to economic polarization. This article addresses the evolving situation regarding March 2026 PCE Inflation, and […]
GBP/USD remains steady as BoE and US PCE intersect in a 90-minute period: who comes out on top?
On Wednesday, GBP/USD was initially holding its ground around 1.355, but it eventually broke down. The decline began around the European Open, gathering speed throughout the New York session, reaching a low near 1.3460 just after 6 PM GMT, and closing around 1.3480. Three key reasons contributed to this drop. First, Donald Trump’s pointed “No […]
The February PCE Inflation Report Is More Positive Than It Appears
Underlying Inflation Falls to Lowest Level in Five Years The Bureau of Economic Analysis released a report on Wednesday indicating that the personal consumption expenditure price index increased by 0.4% in February, a slight rise from 0.3% in January. Notably, commodity prices rose by 0.7%, largely led by a 1.1% increase in durable goods. Items […]
January 2026 PCE: The inflation measure preferred by the Fed stayed persistently elevated
This article about the January 2026 PCE Inflation Report is being developed and will receive updates with more information. Consumers are still grappling with rising prices, as noted in recent reports. The Department of Commerce announced on Friday that the Personal Consumption Expenditure (PCE) index increased by 0.3% month-over-month in January, and by 2.8% year-over-year. […]
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
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 […]
Forex Today: US Dollar approaches a four-week peak ahead of core PCE, GDP, and PMI reports.
Here’s what you need to know on Friday, February 20th. The latest figures from the U.S. Department of Labor indicate that new unemployment claims have dropped to 206,000. This is significantly below the initial projection of 225,000 and a decrease from last week’s adjusted number of 229,000. Attention is now shifting to U.S. data expected […]
Forex Today: US Dollar remains steady as markets anticipate FOMC Minutes, UK CPI, and US PCE
Here’s what you need to know on Tuesday, February 17th. On Monday, most major currency pairs showed little change, as US stock and bond markets were shut for President’s Day. In the coming days, the economic landscape might get a bit more intense, with crucial reports on jobs and inflation in the UK, along with […]