OctaFX | OctaFX Forex Broker
Open trading account

US: Core PCE price index to surge by 0.1% in August - Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank expect the US core PCE price index for August to increase 0.1% m/m taking annual core inflation to 1.3% as the strong USD and low commodity prices continue to restrain core inflation in the US.

Key Quotes

“Headline PCE is likely to be flat on the month with annual inflation a modest 0.3%. In terms of spending, solid retail and auto sales data suggest that personal spending increased a healthy 0.4% m/m. Personal income is supported by continued strong job growth and we expect an 0.5% m/m increase in August.”

Gold bullish positions rose last week

The data released by the US Commodity Futures Trading Commission (CFTC) showed the speculators and large traders increased their gold bullish positions higher in the data reported through September 22nd following the drop in the bullish positions in the previous two weeks.
Read more Previous

EUR/CHF supported around 1.0950

Choppy trade for the Swiss franc so far, taking EUR/CHF to the area of 1.0960/65 after dropping to 1.0950 in early trade...
Read more Next
Start livechat