Tag Archives: PCE data

The U.S. dollar rebounded on Thursday following a decline the previous day, as central bank decisions continued to impact currency markets. The dollar index, which measures the dollar against six major peers, rose by 0.29% to 104.35. This recovery came after a 0.4% drop the day before, when the Federal …

Gold prices climbed in Asian trade on Wednesday, buoyed by a softer dollar as traders keenly awaited signals from the Federal Reserve on potential interest rate cuts. The precious metal also drew strength from safe haven buying amid escalating geopolitical tensions. Spot gold edged up 0.3% to $2,419.11 an ounce, …

The dollar and yen remained in narrow trading ranges on Tuesday as investors awaited crucial monetary policy decisions from the Bank of Japan (BOJ) and the Federal Reserve, which are expected to set the market tone for the coming weeks. Yen PerformanceThe Japanese yen paused its recent rally, which saw …

Global financial markets concluded the first trading day of the new week under the sway of mounting geopolitical tensions in the Middle East, which dampened risk appetite. This led to a decline in several risky assets by the end of Monday’s trading session. However, another factor intervened to balance investor …

Gold prices climbed in Asian trade on Monday, regaining some of the ground lost throughout most of July. This recovery is largely attributed to growing expectations of interest rate cuts by the Federal Reserve, as well as a weaker dollar following recent U.S. inflation data. Spot and Futures Prices Spot …

As stable US core PCE inflation growth seems insufficient to affect firm Fed rate-cut expectations, the US dollar declines. It is largely expected that the Fed will hold interest rates steady the following week. The confidence of Fed policymakers on the return of inflation to a 2% path has increased. …

Gold prices inched up in Asian trading on Friday, recovering slightly from a week marked by significant losses as traders largely favored the dollar ahead of key interest rate signals. The precious metal had surged to record highs in July, only to be pulled back by a mix of profit-taking …

Gold prices tumbled on Thursday, dropping over 1.67% to reach their lowest point in two weeks. This decline comes as investors shift their focus from safe-haven assets to upcoming US economic data, particularly the Personal Consumption Expenditure (PCE) data due on Friday. The precious metal is trading at $ 2,357.5 …

Stocks’ rally to record highs in 2024 has come to a pause as corporate earnings season begins to highlight the market’s true potential; Attention is now turning to the profits of the technology sector, especially the so-called “Great Seven”, the technology giants: Apple, Microsoft, Meta Platforms, Amazon, Tesla, Alphabet (the …

On Monday, the USD/CHF pair was able to begin the new week with mild gains, reaching 0.8895. The market sentiment was significantly influenced by political factors centered around the upcoming presidential turnover. Investors are bracing themselves for a busy week due to a packed US economic calendar, which is expected …