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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% […]

Pound Sterling shows restraint before US PCE inflation report.

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

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 […]

GBP/USD falls below 1.3400 as US data impresses, attention turns to PCE

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 […]