The PCE report will reveal inflation trends, influencing Federal Reserve rate decisions, while Canada’s GDP growth is analyzed.
Canada’s GDP grew 2.6%, USD mixed, gold dipped, and GBP/USD remained resilient ahead of key events.
Traders await US PCE data; USDJPY rises, EURUSD declines, GBPUSD gains. Dow, S&P up; Nasdaq unchanged.
Canada’s GDP grew to 0.6%, euro stabilised, gold fell, and GBP/USD held above 1.2600 post-PCE data.
Core PCE data releases at 8:30 AM ET, with expected increases impacting economic assessments and market reactions.
EUR/JPY nears 157.00 as Yen weakens after Tokyo CPI data; outlook remains bearish despite Euro’s resilience.
Germany’s February CPI rose 2.3% year-on-year, while HICP increased 2.8%, with core inflation declining to 2.6%.
Pound Sterling leads G10 but remains down. GBP/USD stabilises near support. Trade risks pressure EUR/GBP at 0.82.
Dollar steady; USD/JPY above 150.00; EUR/USD, GBP/USD stable; gold down; Bitcoin drops; US PCE data awaited.
France’s inflation stagnates, weakening euro; bearish trend persists with potential drop toward 1.02 amid trade concerns.
