USD/CAD Rises After Solid Inflation Data, Improving Consumer Sentiment
The US dollar surged against several major currencies after new inflation data and a consumer sentiment survey bolstered the greenback. The buck has held steady…
Posts Tagged: core pce
EURUSD Descending Triangle Ahead of US Core PCE Index
EURUSD has formed lower highs and found support around 1.0675, creating a descending triangle pattern as traders brace for the US core PCE price index…
WTI Crude Oil Price Analysis for June 28, 2024
WTI crude oil made another bullish break from consolidation, suggesting that a prolonged rally may be in the works. Recall that the commodity had a…
USD/CHF Head and Shoulders Chart Pattern
USDCHF might be in for a reversal from its rally, as the pair is forming a head and shoulders pattern on its 4-hour time frame….
Gold Rockets to Fresh High as Investors Bet on June Fed Rate Cut
Gold futures soared to a fresh all-time high to kick off April. The yellow metal has been on a tear with expectations that the Federal…
US Dollar Mixed After Hot PCE Inflation Data
The US dollar was mixed during the subdued Good Friday trading session as much of the North American financial markets were closed. Investors paid close…
Gold Eyes $2,200 Again on Easing Fed Policy Hopes
Gold futures revived their upward momentum to kick off the holiday-shortened trading week. The yellow metal is looking to surpass the promised land of $2,000…
NZD/USD Resistance Turned Support
NZDUSD is pulling back from its rally past the resistance around the .6150 minor psychological mark, as price hit a ceiling around .6220. The Fibonacci…