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Editors’ Picks
EUR/USD: Bulls battle 200-day EMA ahead of US PCE Inflation
EUR/USD is holding onto the recent recovery above 1.1900, up for first weekly gain in four. US dollar ignores firmer Treasury yields on fears of the PCE inflation gauge confirming the Fed’s hawkish tilt. Risk appetite remains positive, as Biden’s stimulus joins EU-UK trade optimism. Fedspeak eyed as well.
GBP/USD attempts recovery toward 1.3950 as USD softens ahead of PCE data
GBP/USD bounces towards 1.3950, as the US dollar eases across the board amid risk-on mood. US infrastructure stimulus deal lifts the sentiment, as the pound recovers from the dovish BOE-led blow. Mixed updates on Brexit, Delta Plus covid variant keeps bears hopeful.
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Editors’ Picks
Gold not out of the woods yet, focus on US PCE inflation
Gold price fell on Thursday after witnessing yet another day of choppy trading while maintaining familiar levels below the $1800 level. The up and down moves could be largely associated to the Fed’s expectations on the monetary policy.
Cardano eyes another 15% upswing
Cardano price rallied significantly over the past 24 hours in an attempt to recover the losses piled up after the recent crash. Although a minor retracement seems likely after a quick run-up, the uptrend appears to be intact.
US PCE inflation preview: Data likely to reaffirm FOMC's hawkish tilt
The US Bureau of Economic Analysis will release the PCE inflation report on Friday, June 25. Markets expect the Core PCE Price Index, the Federal Reserve’s preferred gauge of inflation, to rise to 3.4% on a yearly basis in May from 3.1% in April.