USD Turns Bullish Today, As Prices Increase in the US
Inflation is ticking higher in the US
Skerdian Meta•Friday, February 26, 2021•1 min read
The USD turned bearish again this month, after the advance in January. But, it seems like the bearish move might be over now, after it has climbed more than 100 pips higher today. The US PCE price report helped the Buck as well, showing an increasing trend, while the personal spending and income also came in positive. This data report proves Jerome Powell wrong once again.
US January 2021 PCE Report
- January core PCE YoY +1.5% vs +1.4% expected
- December PCE was +1.5%
- PCE core MoM +0.3% vs +0.1% expected
- Prior MoM +0.3%
- Deflator YoY +1.5% vs +1.4% expected
- Prior deflator YoY +1.3%
- Deflator MoM +0.3% vs +0.1% expected
- Prior MoM deflator +0.3%
Consumers Spending and Income:
- Personal income +10.0% vs +9.5% expected. Prior month +0.6%
- Personal spending +2.4% vs +2.5% expected. Prior month -0.2% (revised to -0.4%)
- Real personal spending +2.0% vs +2.2% expected. Prior month -0.6% (revised to -0.8%)
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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