Prior 2.8% Core PCE M/M 0.3% vs 0.3% expected Prior 0.3% Headline PCE: PCE Y/Y 2.6% vs 2.6% expected Prior 2.6% PCE M/M 0.2% vs 0.2% expected Prior 0.3% Income/Spending: Personal income M/M 0.4% vs 0.4% expected Prior 0.3% Personal spending M/M 0.5% vs 0.5% expected 0.3% prior (revised to 0.4%) Minimal reaction in the markets, which shouldn’t be…
Silver advances to its strongest level since September 2011. Markets are pricing about an 87% chance of a Fed rate cut in September, despite firmer core PCE inflation. Technical outlook points to a potential break above $40.00, with resistance at $41.48 and $43.40, while support holds at $39.00 and the 100-period EMA. Silver (XAG/USD) extends its rally for the…
Mon: US Labor Day, South Korean Trade Balance Prelim (Aug), Chinese Caixin Manufacturing PMI (Final), EZ, UK, US Manufacturing PMI (Final), New Zealand Terms of Trade (Q2) Tue: South Korean CPI (Aug), EZ Flash HICP (Aug), US ISM Manufacturing PMI (Aug) Wed: NBP Announcement, Australia Real GDP (Q2), US ADP National Employment (Aug), Chinese Caixin Services PMI (Final), EZ,…
AUD/USD gained ground for a fourth straight session on Friday. The Aussie is gaining ground on a slumping US Dollar as Fed rate cut hopes remain. Markets largely shrugged off another uptick in US PCE inflation. AUD/USD caught a late-week lift on Friday, rising into the 0.6550 region after the latest US inflation data pushed the US Dollar (USD)…
Prior month -0.1% Advanced estimate for the month of July +0.1% GDP Q2: Q/Q annualized -1.6% vs -0.6% Prior 2.2% (revised to -2.0%) The Canadian dollar weakened across the board following the release as the data disappointed across the board. StatCan notes that the contraction in the second quarter was driven by significant declines in the export of goods,…
Marvell Technology dumps over 16% after Q2 earnings. Marvell missed Q2 revenue projections, but Wall Street is more concerned with Q3 outlook. Michigan Consumer Sentiment and Expectations miss forecasts. As Wall Street cuts price targets, MRVL could sink back to $48. Marvell Technology (MRVL) had a solid quarter. But you wouldn’t know that from the over 16% drop in…
Even after the much-anticipated NVIDIA earnings, the order flow picture is telling two very different stories between the stock itself and the broader S&P 500 index. SPY (S&P 500 ETF) is showing resilience. Despite trading slightly lower in pre-market at 647.64 (-0.2%), sentiment remains bullish. Option order flow carries a positive tilt, with 1.6 million in positive delta volume,…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
Prior 61.7 Current conditions 61.7 vs 60.9 prelim Prior 68.0 Expectations 55.9 vs 57.2 prelim Prior 57.7 Inflation expectations: 1 year 4.8% vs 4.9% prelim Prior 4.5% 5 year 3.5% vs 3.9% prelim Prior 3.4% The data is slightly lower than preliminary estimates and although inflation expectations are still higher than the prior month, they got revised lower. Surveys…
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does…
