ECONOMICS:USCPCEPIMM
Core PCE prices in the US, which exclude food and energy,
rose by 0.2% from the previous month in December of 2023, aligned with market estimates, and picking up slightly from the 0.1% increase in November.
From the previous year,
Core PCE prices edged 2.9% higher,
undershooting market estimates of 3% to mark the lowest reading since...
U.S Core PCE (FEDS FAVOURITE METRIC)
Rep: 2.8% ✅ Slight decrease as Expected ✅
Exp: 2.8%
Prev: 2.9%
U.S. Headline PCE
Rep: 2.4% ✅ Notable Decrease Expected ✅
Exp: 2.4%
Prev: 2.6%
Both Headline & Core PCE have come in lower and as expected;
✅ Core decreased from 2.9% to 2.8%
✅ Headline PCE decreased from 2.6% to 2.4%
Historical Core PCE Norms
On the chart...
26 January 2024, 17:04
•EUR/USD rises in North American trading, buoyed by softer US core PCE inflation data.
•Fed's core PCE index fall to 2.9% raises hopes for interest rate cut, aiding EUR/USD's climb.
•Mixed European signals: German consumer confidence falls, Spanish unemployment at 16-year low, ahead of Fed decision.
The EUR/USD gained some 0.14% in early...
U.S Core PCE (FEDS FAVOURITE METRIC)
Rep: 2.9% ✅ Lower Than Expected ✅
Exp: 3.0%
Prev: 3.2%
U.S. Headline PCE
Rep: 2.6% ✅ In Line with Expectations ✅
Exp: 2.6%
Prev: 2.6%
Historical Core PCE Norms
On the chart you can see that since 1990 the typical Core PCE range is between 1 - 3% (red dotted lines on chart). We are slowly getting back down into this...
The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%.
Japanese inflation indicators have been heading lower. Last week, Core CPI, which excludes fresh food but includes fuel costs, dropped in November from 2.9% to 2.5%. On Tuesday, the Bank of Japan's Core CPI index followed suit and declined to...
U.S. Headline PCE - Lower than Expected ✅
Actual: 2.64%
Exp: 2.8%
Prev: 3.0%
US Core PCE - Lower than Expected ✅
Actual: 3.16%
Exp: 3.4%
Prev: 3.5%
As highlighted on my recent Macro Monday post Core PCE is the Feds favorite metric for measuring inflation (as it excludes volatile price swings from the likes of energy and food and gives a good...
Macro Monday 25
The Feds Favorite Inflation Barometer – Core PCE
The US Core Personal Consumption Expenditures (PCE) are released this Friday 22nd December 2023. Currently Core PCE is the most important component to the Federal Reserve in making their interest rate decisions and thus it will provide a great insight into what lies ahead in terms of interest rate...
The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%.
UK retail sales jumped 1.3% in November m/m, bouncing back from 0% in October and beating the consensus estimate of 0.4%. This was the sharpest pace of growth since January and the increase was felt in all sub-sectors. Yearly, retail sales edged up 0.1%,...
The Swiss franc has lost ground on Thursday. In the North American session, USD/CHF is trading at 0.8835, up 0.59%.
Thursday's Swiss retail sales for July looked awful, falling 2.3% m/m. This follows a revised gain of 1.5% in June. Market attention has now shifted to Swiss inflation, which will be released on Friday. Swiss inflation dropped to 1.6% in July, the...
Today's focus: USDCAD
Pattern – Support hold, retracement
Support – 1.3517
Resistance – 1.3597, 1.3640
• USDCAD price sits at a junction.
• USDCAD failed at its latest key resistance test.
Hi, and thanks for checking out our latest market update. Today, we have run over the USDCAD on the daily chart and discussed oil and the USD index, as well as upcoming news...
The British pound continues to rally and is up for a fourth straight day. BoE member Mann said on Wednesday that the Bank of England will have a difficult time setting monetary policy due to inflation. The US releases the Core PCE Price Index, a key inflation measure, on Friday.
In the European session, GBP/USD is trading at 1.2346, up 0.23%. The pound is poised...
