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 […]
The Week Ahead: Markets Eye Apple, Meta, Amazon Results Plus PCE and NFP Data – FXEmpire
WeeklyAmazon.com, Inc. Amazon.com (AMZN): EPS $1.36, revenues of $155.1 billion. Please note the commentary on supply chain costs under the new global tariffs. Apple (AAPL): EPS $1.61, revenue forecast of $94.1 billion. Find Q2 strength from quick iPhone shipments and preferred FX movements. Over 60% of the S&P 500 reported revenue by May 2, which […]
EUR/USD trades with mild negative bias below 1.0800; focus remains on US PCE Price Index – FXStreet
EUR/USD attracts some sellers during Asian sessions, but there is no follow-through. USD stalls overnight pullbacks from the multi-week top and weighs the measure. Traders are currently looking forward to the US PCE Price Index for meaningful driving forces. The EUR/USD pair struggled to take advantage of the previous day's three-week low, rich bounces from […]
Gold (XAU) Silver (XAG) Daily Forecast: PCE Report and Fed Commentary May Shift Trends – FX Empire
Gold continues to hold above the $3,000 psychological threshold in response to expectations of potential interest rate cuts later this year. The Federal Reserve's revised 2025 growth forecast and sustained inflation concerns added uncertainty to its policy trajectory. The Fed predicted a 25 basis point reduction of 25 in 2025, but market participants are increasingly […]
Australian Dollar declines as US Dollar strengthens ahead of PCE inflation data release – FXStreet
The Australian dollar has weakened as Trump reaffirmed his plan to impose an additional 10% tariff on Chinese imports. On February 4th, US President Trump introduced new tariffs on Chinese products, bringing the total tax to 20%. US GDP rose 2.3% per year in the fourth quarter of 2024, meeting market expectations. The Australian Dollar […]
Gold price dives to over two-week low amid further USD recovery, ahead of US PCE data – FXStreet
Gold prices attract sellers for the second day in a row, amid wide strong US dollars. The risk-off mood and US bond yield slides do little to support precious metals. Traders are currently looking forward to the US PCE Price Index for meaningful driving forces. Gold prices (XAU/USD) are now low for the second day […]
Gold News: Will Upcoming PCE Inflation Data Reinforce Gold’s Appeal? – FX Empire
Daily Gold (Xau/USD)The broader trend in gold remains bullish, with the $3,000 level as an important psychological target. Strong, safe demand driven by US trade tensions and escalating sustained inflation risks supports further benefits. Next week, traders will focus on core personal consumption spending (PCE) deflators, with economists expecting a 0.3% increase. Other important reports […]
Bidenflation’s Last Gasp? December Data Shows A Jump In PCE Inflation
The inflation pace picked up in the last month of Joe Biden's president's position has ended the worst burst of consumer prices that rises in 40 years. The personal consumption expenditure price index increased by 0.3 % in December, accelerating from the 0.1 % increase in November. During 2024, the index, which is a measure […]
Gold (XAU) Price Forecast: Bullish Momentum Holds Above $2800 as PCE Data, Tariffs Loom – FX Empire
12:30 GMT trades $ 2804.96 and has increased $ 10.80 or +0.39 %. Purchasing the central bank and the risk of inflation maintains gold support Beyond the tension of trade and stable central banks are still an important pillar of gold support. “I think the purchase of the central bank is the strongest structure in […]
Pound Sterling flattens against USD ahead of US core PCE inflation – FXStreet
Poundsterling is trading for more than 1.2400, as investors are focusing on US PCE inflationata in December. The threat of tariffs between President Trump's BRICS and his North American colleagues has increased USD's safe home appeal. Investors hope that BOE will resume the interest rate cut cycle on Thursday. Pound Stirling (GBP) is a Friday […]