US Dollar recovers terrain, eyes on PCE – FXStreet
The US Dollar began Tuesday with a strong rebound. Fed officials are remaining cautious given mixed economic data. May’s PCE figures will be released on Friday and will be the highlight of the week. On Tuesday, the US Dollar, as measured by the Dollar Index (DXY), started the week weakly but has since strengthened to […]
Fed’s Wait-and-See on Rate Cuts Further Supported by Extra-Hot “Core Services” PCE Inflation & Hot “Core” PCE Inflation
Housing inflation refuses to cool for the eighth month, and five of the remaining seven core services accelerated further. This is not good. The core PCE price index, which excludes the volatile components of food and energy and is the inflation index the Fed is focused on, jumped by 3.9% annualized in March from February, […]
US Dollar Forecast: Markets Await US GDP & Core PCE – EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: Decoding Fedspeak: How Central Bank Comments Move Markets – Gold and the US Dollar The US dollar, as measured by the DXD index, earlier rose to a multi-month high, boosted by growing evidence that the Fed may wait a little longer before tapering policy restraints. A tight labor market and persistent inflation have […]
PCE inflation rises for the first time since September
Personal consumption expenditures price index inflation, one of the Federal Reserve‘s preferred gauges of price instability, has risen for the first time since September of last year, another damning contradiction of the White House’s assertion that President Joe Biden has tamed the worst inflationary crisis in 40 years. Headline PCE inflation rose by 2.5% in […]
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups – DailyFX
Most read: USD Outlook and Market Sentiment: USD/JPY, USD/CAD, USD/CHF The US dollar, as measured by the DXY index, rose last week and closed on Friday at its highest level since mid-February. The dollar rallied against the backdrop of shifts in global interest rate expectations, despite initially falling after the Federal Reserve ruled out new […]
Gold Price Forecast: Confluence Resistance Stifles Bulls, Focus Shifts to US PCE – DailyFX
Most read: USD looks to US PCE for clues to Fed path.Settings for EUR/USD, USD/CAD, USD/JPY Gold prices lost ground on Monday after last Friday’s strong performance, weighed down by rising U.S. Treasury yields, a situation that generally makes non-interest-bearing assets less attractive compared to bonds. In this context, XAU/USD closed near $2,030, just below […]
US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups – DailyFX
US dollar forecast – EUR/USD, GBP/USD, USD/JPY The focus of this week’s US economic calendar revolves around the release of the much-awaited economic data for January. PCE Friday data If there is a strong report that exceeds expectations, USD Meanwhile, lackluster results could have a bearish impact on the US currency In this article, we […]
Forexlive Americas FX news wrap: PCE core inflation dips below 3% – ForexLive
market: CAD leads, JPY lags S&P500 fell 0.1% US 10-year bond yield rose 1.5bps to 4.15% Gold falls $1 to 2018 dollars WTI crude oil rose $0.81 to $78.17 The market didn't know exactly what to do with the US PCE report. On the hawkish side, his headline PCE numbers weren't as cool as GDP […]
Silver Price Analysis: XAG/USD rally stalls near $23 as focus shifts to US core PCE data – FXStreet
share: Silver prices are looking to extend their gains above $23, but are facing some pressure. The market mood is gloomy as investors await December core PCE price index data. Strong GDP numbers and stubborn inflation numbers could allow the Fed to maintain its hawkish interest rate stance. Silver price (XAG/USD) is struggling […]
US Dollar Forecast: EUR/USD, USD/JPY, USD/CAD & AUD/USD’s Path Tied to US PCE – DailyFX
US dollar forecast – EUR/USD, USD/JPY, USD/CAD, AUD/USD of USD It has rebounded recently, helped by a hawkish reassessment of Fed policy. compared to what was expected earlier this year outlook FOMC The start of reducing borrowing costs at the March meeting also tapered off, strengthening the US dollar's recovery All eyes will be on […]