Tag Archives: PCE data

Gold prices rose on Friday, with continued dollar weakness, which helped move the yellow metal towards recording its second consecutive weekly rise, as expectations of a stronger monetary policy tightening from the Federal Reserve ebbed. Spot gold rose 0.2 percent to $1,854.05 an ounce by 0325 GMT. US gold futures …

Gold Price is holding above its 200-DMA in the $1,850 area and is back to nearly flat on the week. Traders are weighing the softer USD’s tailwinds and US yields versus strong US equities, as key Friday inflation data are looming.Gold Price (XAUUSD) is for now holding just above its …

The investors’ major focus point on Wednesday will be on the decision and press conference by the two-day Fed’s policy meeting, as financial markets expect the US central bank to press ahead with a rate hike and formally announce the launch of a much-anticipated balance sheet reduction.The Federal Open Market …

The week finished with prevalent negative market sentiment. US equities recorded hefty losses, between 2.77% and 4.17%. China’s coronavirus outbreak which has lasted for the last couple of weeks threatens to disrupt supply chains. The US central bank’s increasing rate hikes to tackle inflation and the Ukraine-Russia conflict, further entering …

The Fed’s favorite inflation gauge slowed in March, in its first retreat in more than one year, according to a report issued Friday in the run-up to next week’s meeting of the policy-setting Federal Open Market Committee.PCE data gives a reading of the Personal Consumption Expenditures Price Index that excludes …

Gold Prices continue to trade higher on Friday amid month-end US dollar weakness, with prices still above $1900. But XAU/USD has pulled back from earlier highs with US yields rallying in wake of the latest US data dump. Traders’ focus now has switched to next week’s Fed policy meeting, with …

Core PCE inflation fell a little more than expected in March, but the Employment Cost Index jumped in Q1. The latest Personal Income and Spending figures for March will instill confidence about the underlying strength of the US economy. Annual inflation in the US fell to 5.2% in March according …

On Thursday, the first estimate of US GDP growth will be released. Analysts at Wells Fargo, expect a 0.6% annualized growth rate. They point out that although the economy does not appear on the cusp of another downturn, the probability of a recession next year is not insignificant. Key Quotes: …

The euro tumbled on Thursday as investors fretted about rising EU-Russia economic tensions after Russian President Vladimir Putin doubled down on a demand that European nations pay for Russian gas in roubles, exacerbating fears that Russia might block energy exports to the EU bloc. This, coupled with a generalized paring …

Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …