Forecasts

Economists are predicting that the Core PCE Price Index will rise by 2.8% year-on-year in April, following a similar increase in March. Alongside this, personal income and spending are expected to see a 0.3% increase in April. These figures come after a 0.5% rise in personal income and a 0.8% increase in spending during March.
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The early hours of Monday saw very little activity in the forex market. This lack of movement can be attributed to Memorial Day in the United States and a bank holiday in the UK. These holidays led to a decrease in liquidity within the market, resulting in minimal trading activity. Despite the quiet market conditions,
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Investors are closely monitoring the comments from Fed speakers regarding inflation, economic outlook, and interest rates. Last week, the FOMC Meeting Minutes, labor market data, and the US Services PMI shifted investor expectations of a September Fed rate cut. Despite a slight relief in Michigan Inflation Expectations rising from 3.2% to 3.3% in May, which
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In recent months, central banks around the world have been closely monitoring economic data in order to make crucial decisions regarding monetary policy. The most recent Federal Open Market Committee (FOMC) meeting, as well as data releases from the UK and eurozone, have provided valuable insight into the current state of the global economy. The
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As we look at the current monthly chart, the 200-day SMA is a significant level to watch, with potential downside support around 104.39. A break below this level could open the door to 103.62 support. Additionally, the Relative Strength Index (RSI) has struggled to move above the 50.00 centerline recently, hinting at a bearish sentiment
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