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 […]
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 […]