Share: EUR/GBP slides as UK bond yields surpass German bond yields, strengthening the Pound. From a technical perspective, the pair exhibits a neutral to downward bias, with long-term daily EMAs standing above exchange rates. The EUR/GBP must regain the 0.8600 level and surpass the May 24 daily low resistance of 0.8648 to shift […]
Share: Despite daily gains, the XAU/USD is set to close a third consecutive week of losses, near the $1,920 area. Declining yields amid soft PCE figures weakened the USD favouring Gold prices. On Friday, the gold spot XAU/USD traded with nearly 0.50% gains, jumping near the $1,920 area. Soft Personal Consumer Expenditures from […]
US core PCE prices (excluding food and fuel costs) for the month of May rose 0.3% as expected but the YoY level was mostly lower at 4.6% versus 4.7% last month and expected. The PCE price index fell from 4.3% to 3.8%. That was the 1st decline below 4% since early 2021. Personal consumption (adjusted […]
1. The Theory – How to Use Indicator Developed by Marc Chaikin This an oscillator Indicator, it measure the Accumulation/distribution of money that is flowing into and out of a currency pair. The indicator is based on the fact that the nearer the closing price is to the high of the price, the more the […]
© Reuters. Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration By Chuck Mikolajczak NEW YORK (Reuters) – The was lower on Friday following two straight days of gains, after economic data showed a cooling in consumer spending, raising some doubt about the potential aggressiveness of the Federal […]
Share: Natural Gas price recovers following the release of US inflation data which comes out lower than expected, weighing on the US Dollar. Natural Gas had been trading flat-to-lower prior to the data on Friday due to greater-than-expected stockpiles in Europe. This largely eclipsed US data out on Thursday showing a fall in inventories last […]
It’s been a great week for US GDP. Q1 was revised far higher in a surprise move and now Q2 indications are looking stronger. The Atlanta Fed has upped its Q2 tracker to 2.2% from 1.8%: “After recent releases from the US Census Bureau and the US Bureau of Economic Analysis, the nowcast of second-quarter […]
United States UoM 5-year Consumer Inflation Expectation: 3% (June) Source link
PCE REPORT KEY POINTS: May U.S. consumer spending rises 0.1% m-o-m, one-tenth of a percent below expectations Core PCE climbs 0.3% monthly, bringing the annual rate to 4.6% from 4.7%, also below estimates U.S. dollar extends losses following weaker-than-forecast spending and core inflation data Recommended by Diego Colman Get Your Free USD Forecast Most Read: […]
© Reuters. A view shows Russian rouble coins in this picture illustration taken October 26, 2018. Picture taken October 26, 2018. REUTERS/Maxim Shemetov By Alexander Marrow (Reuters) -The Russian rouble tumbled past 89 against the dollar for the first time in more than 15 months on Friday, weighed down by domestic political risk concerns after […]
Gold Price (XAU/USD) Analysis, Price, and Chart US PCE print may spark a bout of short-term volatility in the precious metal. Technical support is coming under pressure. Recommended by Nick Cawley How to Trade Gold For all market-moving data releases and events, see the DailyFX Economic Calendar The recent leg higher in US Treasury yields […]
Euro Area Inflation Data Recommended by Richard Snow Trading Forex News: The Strategy Core Inflation Rises Less Than Anticipated While Headline Inflation Cools Nicely Core inflation in the Euro Area rose above last month’s 5.3% print but ended up less than estimates of 5.5%, settling at a marginally higher 5.4%. Headline inflation rose 0.3% month-on-month […]
