USD/JPY slips down before Tokyo CPI and US PCE inflation data.
The Japanese yen is expected to strengthen, potentially pushing USD/JPY below the significant level of 147.00. The US dollar faces pressure due to concerns regarding the Federal Reserve’s independence and uncertainties about its monetary policy outlook, compounded by unclear US GDP and employment data. Attention will turn to upcoming reports on PCE and Tokyo CPI, […]
Today’s Forex: Eye on US PCE data and German preliminary CPI
Market Update – August 29th The US Dollar (USD) has seen further fluctuations this week, largely influenced by ongoing concerns about the Federal Reserve’s independence and rising tariff uncertainties. Additionally, the potential for interest rate cuts in September has contributed to a generally negative sentiment surrounding the greenback. Key Highlights for Today The US Dollar […]
GBP/USD falls near 1.3500 as US GDP exceeds expectations, with PCE in view.
GBP/USD Movement After US GDP Growth GBP/USD has dipped below the 1.3500 mark following a robust 3.3% growth in US GDP for the second quarter. The US dollar is facing some pressure as expectations of a dovish Federal Reserve grow. Traders are looking forward to the upcoming July PCE Inflation Report for insights on financial […]
US Dollar Index falls close to 98.00 as caution surrounds upcoming US PCE inflation report
The US Dollar Index is experiencing some downward pressure as it approaches the release of July’s US PCE inflation data on Friday. There’s a generally high level of confidence among traders that the Fed will lower interest rates during its meeting in September. New York Fed President Williams emphasized the importance of analyzing economic data […]
Core PCE inflation remains steady at 2.8% in June, compared to the expected 2.7%
Core PCE inflation in June remained steady at 2.8% The US dollar index is hovering just below 100.00. According to a report from the U.S. Bureau of Economic Analysis, annual inflation in the U.S. rose from 2.4% in May (which was revised from 2.3%) to 2.6% in June. This figure surpassed market predictions, which were […]
GBP/USD falls from 1.3770 peak as US PCE and sentiment data boost the Dollar
GBP/USD is expected to decline to 1.3700 following a 2.7% year-on-year increase in core PCE. US consumer sentiment appears to be improving this June, with revised lower long-term inflation expectations. Advancements in China’s trade agreements with the EU may bolster the dollar toward the end of the month. GBP/USD is likely to dip over 0.10% […]
Dollar Index stays low as core PCE inflation increases, personal spending decreases
The dollar index declined following the increase in Core PCE, which is the inflation measure favored by the Fed, in May. The US dollar remains weak, with the DXY nearing Thursday’s low of 97.00. The Michigan Consumer Sentiment Index and its expectations offer insights into consumer perspectives on the current economic conditions. The US Dollar […]
Stock market today: Futures for Dow, S&P 500, and Nasdaq increase before important PCE inflation report
US Stock Market Updates: Record Highs and Trade Developments On Friday, US stocks were on the brink of reaching new record highs, driven by optimism around interest rate cuts and progress in US-China trade discussions. Futures for both the Dow Jones Industrial Average and the S&P 500 climbed by roughly 0.2%. Meanwhile, contracts for the […]
GBP/USD remains strong above 1.3700 as focus shifts to US PCE release
GBP/USD is projected to rise to approximately 1.3735 during the Asian trading session on Friday. Fear regarding the Fed’s autonomy and the prospects of early US interest rate cuts are putting pressure on the US dollar. The US PCE inflation data for May will take center stage later today. The GBP/USD pair is showing a […]
Gold (XAUUSD) Price Forecast: Will Core PCE Fuel a Rally or Signal Further Losses? – FXEmpire
When you make a profit, the macro background remains cooperative Wednesday’s pullback was inevitable after extreme profits. Trump’s soft tone of voice and openness to tariff cuts sparked temporary risk-on feelings. The stocks bounced back and the dollar recovered, gold receding. By Thursday, opportunistic buyers had returned and stabilized gold prices towards the weekend. Despite […]