Category: PCE
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US stock futures rise as tech rout pauses; PCE data awaited By Investing.com
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U.S. stock index futures rose in overnight trading on Thursday as heavyweight technology stocks appeared to pare back painful losses from recent sessions, with focus shifting to key upcoming inflation data. Stock futures rose after Wall Street had another mostly negative session following some big, disappointing gains in the technology…
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Spotlight on GDP, PCE data and earnings By Investing.com
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U.S. stocks ended Friday in the red, as Wall Street wrapped up a week marked by a shift from this year’s big-cap winners to smaller names. The Dubai Financial Market Index fell by 0.71% to close at 5,505.00 points, and also fell by 0.81% to close at 17,726.94 points, and…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Newsquawk Week Ahead: Highlights include US PCE, BoC, PBoC LPR, PMI’s and Tokyo CPI
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Monday: Chinese government bonds Tuesday: US Fed Policy Announcement; US Existing Home Sales (June), Richmond Fed (July), Eurozone Consumer Confidence (July) Married: Bank of Canada Policy Announcement and Monetary Policy Report; Japanese Spot PMIs (July), German Spot PMIs (August), European, UK and US Spot PMIs (July) Thursday: CBR Announcement, CBRT…
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Fed’s Daly: The PCE data is ‘good news’ but the Fed is not done yet
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage also creates additional risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some…
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Forexlive Americas FX news wrap: Benign PCE report collides with tumultuous politics
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Markets: Gold falls $3 to $2,342 US 10-year bond yields rose 9.8 basis points to 4.39% West Texas Intermediate crude fell 19 cents to $80.64. S&P 500 index falls 0.4% Australian Dollar Advances, Yen Lags Friday was the last day of the quarter, and this made drawing conclusions difficult. It…
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ForexLive European FX news wrap: Currencies lightly changed awaiting US PCE
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or…
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Dollar strengthens ahead of PCE data; euro weighed by political uncertainty By Investing.com
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Investing.com – The US dollar rose in early European trade on Friday, on track for its second straight quarterly gain, the euro fell and the Japanese yen remained on watch for intervention. At 04:00 ET (09:00 GMT), the U.S. dollar, which tracks the greenback against a basket of six other…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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Dollar slips off highs ahead of PCE data, euro sees some support By Investing.com
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Investing.com – The US dollar fell on Monday, holding on after rising to an eight-week high last week, while the euro rose despite weak German business sentiment. At 05:25 ET (09:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.2% at…
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Newsquawk Week Ahead: Highlights include: US PCE, BoJ SOO, Biden/Trump debate
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Next week June 24-28: Monday: BoJ Viewpoint Summary, German IFO Survey (June), German Import Prices (May) Tuesday: Japan Services PPI (May), Canadian CPI (May), UK GDP (Q1) married: Australian CPI (May), German Consumer Confidence from GfK Thursday: Biden/Trump debate on CNN, Riksbank announcement, ECB announcement, ECB announcement, European Council, Chinese…
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The opening bell: US major indices marginally higher after PCE data
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Core US PCE data came in slightly softer at 0.2% versus 0.3% (rounded). In reality, it averaged roughly between 0.2% and 0.3% plus 0.249%, skewing the rounded number to the downside (i.e. 0.2%). However, it is a good number that pushed the major indices to the upside in early trading.…
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Forexlive Americas FX news wrap 31 May: US PCE doesn’t scare. Yields lower. US down and up
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The big event this week was the core personal consumption expenditures data in the US. The Core Personal Consumption Expenditures Index is the Fed’s preferred measure of inflation. Expectations were for an increase of 0.3%. The actual increase was approximated to 0.2% for the basic measurement. In fact, the unrounded…
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US core PCE for April 0.2% vs 0.3% estimate
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Primary personal computer in the United States Previous month 0.3% Monthly core personal consumption expenditures came in at 0.2% versus estimates of 0.3%. YoY core PCE rate of 2.8% versus estimates of 2.8%. Last month 2.8%. Monthly PCE growth of 0.3% vs. 0.3% estimate. Last month 0.3%. PCE YoY 2.7%…
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Dollar rebounds ahead of PCE release; euro slips after German retail sales By Investing.com
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Investing.com – The US dollar rose slightly in early European trade on Friday, rebounding from the previous session’s losses ahead of key inflation data, which could push future interest rate expectations. At 04:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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Asia FX weakens as China PMIs disappoint; Dollar steady before PCE data By Investing.com
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Investing.com — Most Asian currencies fell on Friday, with China’s yuan heading back towards six-month lows after disappointing business activity readings, while the dollar steadied in anticipation of key inflation data. Regional currencies also remained under pressure amid lingering concerns about US interest rates rising for longer, as hawkish comments…
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US inflation (PCE) data due Friday – here are the critical ranges to watch
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Core PCE data is scheduled to come into focus on Friday, May 31, 2024 at 0830 US EST. You can see the average estimates below in the table. The ranges of estimates (why they are important are explained below) are: Core personal consumption expenditures on an annual basis from 2.7%…
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US futures fall further amid rate jitters; PCE test approaches By Investing.com
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Investing.com — U.S. stock index futures fell in overnight trading Thursday, extending losses as fears of higher interest rates and slowing growth led to a two-day rout on Wall Street, with focus now turning to key personal consumption expenditures data for more signals about… Inflation. . Investors were also on…
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Dollar slips lower ahead of core PCE release; euro gains By Investing.com
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Investing.com – The US dollar fell in early European trade on Tuesday amid a slight rise in risk sentiment, but traded in narrow ranges ahead of key inflation data. At 04:25 EDT (08:25 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down…
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US stock futures inch higher in slim trade as PCE data approaches By Investing.com
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Investing.com — U.S. stock index futures rose slightly in overnight trading Monday, with the focus largely on more signals on interest rates from key inflation data due later in the week. Memorial Day weekend kept trading volumes minimal. But trading volumes are expected to rise this week with a barrage…