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 […]
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), […]
GBP/USD falls below 1.3400 as US data impresses, attention turns to PCE
GBP/USD dropped by 0.78% on Thursday, falling below all key SMAs and reaching a four-week low. US economic data lessens Dovish Fed expectations, bolstering the dollar and putting pressure on the pound. The US agenda includes core PCE, consumer sentiment, and speeches from Fed officials. On Thursday, GBP/USD closed over 0.78% lower, and it seems […]
USD/JPY climbs to a seven-week peak as attention turns to US PCE and Tokyo CPI
USD/JPY continues to rise for a second consecutive day, fueled by strong USD performance. US GDP has been adjusted to a growth rate of 3.8% for the second quarter, while weekly unemployment claims dipped to 218,000. Attention will soon shift to the US Core PCE and Tokyo CPI data releases on Friday. On Thursday, the […]
US Dollar Outlook: DXY Recovery Faces Challenge from Friday’s PCE and Sentiment Data
In recent discussions, there’s been some chatter around how cryptocurrencies and other financial products can impact everyday decisions. I mean, it’s interesting, right? People are looking to dive into investments like cryptocurrencies and CFDs, but it’s crucial to understand the risks involved. The truth is, these instruments can be pretty complex, and there’s a significant […]
Pound Sterling adjusts before US PCE inflation figures
Pound Sterling’s Movement Amid Key Economic Data Pound Sterling expected to drop to nearly 1.3500 against the US dollar before significant US inflation data. Fed’s Waller mentioned that this could facilitate interest rate cuts in the upcoming policy meeting. The UK currency has lagged behind its peers this week. Pound Sterling (GBP) is anticipated to […]
Silver Price Outlook: XAG/USD falls below $39.00 ahead of US PCE inflation report
Silver prices saw some selling pressure around $38.80 during early European trading on Friday, marking a 0.52% decline for the day. The US GDP has shown stronger growth than previously estimated in the second quarter. Speculations about a possible rate cut by the Fed might lessen some of the negative impacts on silver prices. On […]
Forex Today: US Dollar steadies before important PCE inflation figures
What You Need to Know on Friday, August 29th US Dollar (USD) The US dollar is showing some signs of recovery after experiencing three days of losses. Market participants will be keeping a close eye on upcoming consumer price index (CPI) data from Germany and the personal consumption expenditures (PCE) price index from the US, […]
US Dollar Index rises close to 98.00 before PCE Price Index data
The US Dollar Index is progressing alongside the US economy, which saw growth in the second quarter. Headline PCE is anticipated to increase by 2.6% year-over-year, while core PCE is predicted to rise 2.9% in July. Concerns regarding the Federal Reserve’s independence have intensified following comments from US Vice President Vance about the end of […]