Tag Archives: PCE data

The Canadian Dollar (CAD) maintained a relatively neutral stance against the US Dollar (USD) on Wednesday, as mixed economic data from the United States created a tug-of-war in the currency markets. While the USD initially gained ground due to a stronger-than-expected ADP Employment Change report, it subsequently faced downward pressure …

The U.S. dollar held steady at high levels on Tuesday, bolstered by recent U.S. economic data that suggests resilience in the economy and anticipation of a slower pace of rate cuts from the Federal Reserve. Meanwhile, the Japanese yen remained near a three-month low due to post-election political uncertainty. As …

The U.S. dollar reached new highs on Wednesday as investor demand for safe-haven assets grew in response to ongoing uncertainties surrounding U.S. interest rates and the upcoming presidential election. At 04:10 ET (08:10 GMT), the Dollar Index, which measures the greenback against a basket of six major currencies, rose by …

In an interview conducted by Dubai TV, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented on and analyzed the performance of key assets in the financial markets. What is Driving Oil Prices Amid Geopolitical Tensions? Oil prices …

In an interview conducted by Alarabiya Television, Mohamed Hashad, Head of Research and Development at Noor Capital and a member of the American Association of Technical Analysts, commented and analyzed the performance of the U.S. labour market, inflation, and the potential future moves of the Federal Reserve. Are Markets Focusing …

The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid rising Middle East tensions and investor focus on the U.S. payrolls report, which could influence the future trajectory of U.S. interest rates. The dollar index, which tracks the greenback against six major currencies, stood …

The U.S. dollar strengthened on Thursday, supported by robust employment data and geopolitical tensions in the Middle East. At 08:30 GMT, the Dollar Index, which measures the greenback against a basket of six major currencies, rose by 0.2%, reaching 101.597, close to its recent three-week high. Labor Market Strength Fuels …

The U.S. dollar remained steady on Monday as traders awaited a speech from Federal Reserve Chair Jerome Powell later in the day and anticipated Friday’s crucial employment report. As of 04:25 ET (08:25 GMT), the Dollar Index, which measures the dollar against a basket of six other major currencies, traded …

The US Dollar (USD) faced downward pressure following the release of August’s Personal Consumption Expenditure (PCE) data, a preferred inflation indicator for the Federal Reserve. The headline PCE inflation rate came in below expectations, suggesting a potential cooling in price pressures.The softer-than-anticipated inflation data has led to a reevaluation of …

US equities continued their upward trajectory for a third consecutive week, buoyed by reassuring economic data that suggests a potential soft landing for the economy. Despite a minor pullback on Friday, investors remained optimistic as inflation indicators and consumer sentiment data painted a favorable picture. The S&P 500 index displayed …