⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here
USD Turns Bullish Today, As Prices Increase in the US
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%)
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
Subscribe
Login
0 Comments