Core PCE

USDJPY Forecast: the anticipation of a tighter monetary policy at the next BOJ meeting has dominated oversold pressures on the USDJPY. Is there a reversal on the horizon?

The GBPUSD has dipped below the crucial 1.29 level ahead of this week's final wave of volatility surrounding US GDP and Core PCE data, and in anticipation of next week’s BOE and Fed monetary policy decisions. Will bearish pressures continue?

USDJPY Forecast: The US Dollar index steadies above 104 given an uncertain political atmosphere, but the USDJPY dips back near monthly lows amid monetary tightening expectations.

EURUSD, DXY Analysis: the DXY and EURUSD are respecting potential consolidation boundaries, with the DXY back in the 104 zone, and the EURUSD back below 1.09.

Crude Oil Forecast: Oil is dropping further into its consolidation, following the steep drops of the commodities market

GBPUSD Forecast: The GBP/USD pair failed to sustain a close above the 1.3030 level. Current trends show bearish dominance, yet upcoming events next week will be crucial in determining whether the pair will continue its uptrend or face further declines.

Crude Oil Forecast: latest inventory data surged up and oil prices are still ranging near 2-month highs

Crude Oil Forecast: oil’s uptrend is facing challenges between resistance levels and inventory changes. What’s next for today’s inventory release?

If Core PCE continues to fall over the coming months, the Fed may end up hiking rates less than it expects, or even cutting rates before the end of next year.

Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”? Also, the Fed’s favorite measure of inflation is back up to levels not seen since March.

Will the Fed consider an ECI reading of 1.2% to be “uncomfortably higher”? Also, the Fed’s favorite measure of inflation is back up to levels not seen since March.

Markets are pricing in a 75bps rate hike for both central banks. However, the meetings not until the end of October and there is still a lot of data which can change rate hike expectations

Today’s inflation data was higher than expected and the Fed is walking a thin line between lowering inflation and pushing growth lower.

It probably won’t matter in isolation, as the Fed is now looking at a number of inflation data points to help determine the next direction for inflation in the US.

US Core PCE is due out this week and if it is similar to other recent inflation data, it may be stronger than expected.

Although one reading isn’t considered a trend,it may be suggesting that inflation has plateaued.

Although the Core PCE may have eased slightly, it is still a cause for concern for the Fed at such an elevated level.