Tag Archives: pce

Expectations have been published as projected by analysts and researchers of ten big banks ahead of the US central bank’s interest rate decision announcement on Wednesday, January 31 at 19:00 GMT. Since the Fed is projected to maintain interest rates in the range of 5.25%–5.50% for the fourth consecutive meeting, …

After the most recent data revealed that the US economy grew faster than anticipated and that inflation came in lower than expected, gold prices are trading at session highs during the North American session. The yellow metal is trading at $2014.39 per ounce at the time of writing.The US economy …

The dollar was broadly stable near a six-week high on Thursday, as traders awaited US GDP data and other data this week for clues about where interest rates might be heading. At the same time, the euro saw some decline ahead of the European Central Bank’s monetary policy meeting later …

Despite high S&P PMIs, the US dollar is trading at a lower level; down -0.36% as per the DXY Index, which fell, earlier during the North American session to 103.05 as a result. the DXY reading is 103.149 at the time of writing. The The US S&P PMI for January …

The US Dollar is having an uptrend, with the index currently trading up to the 103.70 level. This comes in anticipation of upcoming key inflation data and the impact of rising yield as markets reduced their dovish bets on the Fed. The US economy is thriving as traders await key …

After touching the pre-holiday highs at $2070, gold retreats to around $2053 per ounce. Gold is being pressured higher by growing investor wagers on looming quicker, more frequent Fed rate cuts in the new year. US inflation is still down, and Treasury yields are easing as risk appetite surges.On Friday, …

The Dow Jones reached all-time highs, while US Treasury yields moved lower. The 10-year settlement was around 3.90%, the lowest since July. The US Dollar Index fell for the second week in a row, falling to monthly lows below 102.00. Market repricing expectations from the Fed in 2024 keep the …

The US Dollar is recovering from a selloff on Friday, while the Canadian dollar briefly rallied to a 19-week high. The USD/CAD pair is expected to record its fifth weekly decline in six straight weeks. The Canadian dollar is struggling to catch bids as economic data from Canada points towards …

The EUR/USD pair reached an 18-week high on Friday, but slipped back towards 1.1000 as markets wind up operations before heading into the holiday break. The US dollar is declining as investors anticipate rate cuts due to slowing inflation in the US. The Core Annualised PCE Price Index for the …

The USD/JPY pair surged to 142.60 on Friday, boosted by the Japanese Yen’s expected 2.5% increase in the National Consumer Price Index (CPI). However, the Bank of Japan remains uncertain about the future of Japanese inflation, as it remains firmly entrenched in hyper-easy monetary policy with negative interest rates, and …