Tag Archives: Core Personal Consumption Expenditure

On Friday, the USD/CAD pair is trading sideways, holding close to its levels from a week ago. The Canadian GDP increased by 0.3% in May, and core consumer inflation in the US is decreasing, according to US data. The price of the pair rose to weekly highs at 1.3248 but …

The USD/CHF pair picks up bids to refresh intraday high, adds to the second consecutive weekly gain. Cautious optimism drove US dollar downwards ahead of the latest rebound amid pre-data as well as Jackson Hole event anxiety.A 10-week-old descending trend line and the 100-DMA, respectively near 0.9650 and 0.9665, restrict …

US consumer spending powered ahead in October although the economy was confronted by the biggest and fastest inflation wave in 31 years, setting up the economy for a year-end growth spurt.Purchases of goods and services, unadjusted for changes in prices, increased 1.3%, the most since March, following a 0.6% gain …

The Gold Index (XAU/USD) has slid during the New York session, down almost 1%, trading at $1,782. Earlier in the session, gold reached a fresh weekly low at $1,771 but bounced off the lows to stabilize at current levels.Risk-off market sentiment ignited a flight towards safe-haven assets, but it failed …