PCE report highlights Friday’s US economic calendar
Core PCE data y/y Inflation and the consumer are the focus of the Fed and the market at the moment and we get a dose of both in Friday’s US PCE report for December. The consensus is for core PCE inflation to slide to 4.4% y/y from 4.7% in what will be a good sign […]
EUR/USD heads for biggest weekly gain since November despite Friday’s slide
EUR/USD about to post the highest weekly close since May 2022. US Dollar back under pressure, heads for sharp weekly losses. US Consumer Confidence rises more than expected in January. The EUR/USD trimmed daily losses during Friday’s American session, rising back above 1.0800. The euro was holding onto significant weekly gains, headed toward the biggest close […]