Tag Archives: PCE

On Monday, gold prices slipped by 0.16%, closing at $2,499 per ounce. This followed a 0.7% decline last Friday after U.S. inflation data indicated that the Federal Reserve might opt for a smaller-than-expected interest rate cut this month.  (Gold Daily Price Chart, Source: Trading View)  Friday’s data revealed that U.S. consumer spending saw a solid […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for Aug 29, 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  (EUR/USD Daily Price Chart, Source: Ultima Markets MT4)  1-hour Chart Analysis  (EUR/USD H1 Price Chart, Source: Ultima Markets MT4)  Pivot Indicator  (EUR/USD 30 Minutes Price Chart, Source: Ultima Markets APP)  […]

The Personal Consumption Expenditure (PCE) price index in the United States remained unchanged in May 2024 compared to the previous month, marking the smallest change in six months. It follows a 0.3% increase in April and aligns with economists’ forecasts. Breaking down the index, prices for goods decreased by 0.4%, while prices for services saw […]

US stocks saw a modest increase on Wednesday, ending a fluctuating session on a slightly positive note with investors remaining cautious ahead of the anticipated PCE report on Friday. The Dow Jones Industrial Average rose by 15.64 points (0.04%), while the S&P 500 and Nasdaq experienced minor gains of 0.16% and 0.48%, respectively, maintaining levels […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the EURUSD for 31st May 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  Hourly Chart Analysis Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]

Market demand for gold remains high as it recoups some last week’s losses ahead of US key inflation data. Among industrial metals, copper price receives the same fate, inching upwards following a slip from record high last week.   Traders will be on the lookout for US PCE Price Index data, the Federal Reserve’s preferred inflation […]

The US economy expanded at an annualized rate of 1.6% in Q1 2024, the slowest growth since the contractions in the first half of 2022. The reading was lower than the previous quarter’s 3.4% growth and below the forecasted 2.5%. Consumer spending growth decreased to 2.5% from 3.3%, mainly due to a 0.4% fall in […]

The U.S. personal consumption expenditure price index (PCE) increased 0.3% month-over-month in February 2024. The increase was lower than the upwardly revised 0.4% rise in January and lower than the forecasted 0.4%. Prices for services went up 0.3%, while prices for goods rose 0.5%. The annual rate edged up to 2.5%, in line with forecasts, […]

The independent European Central Bank (ECB), an integral part of the Eurosystem, is responsible for managing the monetary policy of the euro area that comprises twenty nations. It is based in Frankfurt, Germany, and works in conjunction with the national central banks of the euro area member states. The ECB’s primary goal, through its governing […]

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUDJPY for 1st March 2024.  Key Takeaways  Technical Analysis  Daily Chart Insights  1-hour Chart Analysis  Pivot Indicator  Conclusion  To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]