Forex trading is one of the most exciting and liquid asset classes to trade. In this session we break down the benefits and risks of trading forex based on several factors, including: Leverage, Liquidity, Selection, Fees, Trading Times and Volatility.
The Fed’s preferred inflation gauge, the Core Personal Consumption Expenditure (PCE), will be released by the US Bureau of Economic Analysis (BEA) at 13:30 GMT. Market participants will scrutinize the data for fresh clues on the timing of the Fed policy pivot.
GBP/USD is holding ground above 1.2650 in the European trading hours on Thursday, as the US Dollar remains on the back foot amid a better mood and sustained USD/JPY sell-off. The focus shifts to the US PCE inflation data for fresh USD price action.
Gold price awaits the US core PCE Price Index data for a decisive move. The underlying inflation data will sharpen the interest rate outlook. Fed’s Collins expects the Fed’s path to 2% inflation will be bumpy.