Forex Signals Brief May 26: All Eyes on the Core PCE Price Index
Skerdian Meta • 2 min read
Yesterday’s Market Wrap
Today’s Market Expectations
Early this morning we had the Tokyo Core CPI year-on-year, which remains stable and under control over there, unlike in Europe and the US. Retail Sales from Australia also remained stable while they turned positive in the UK after declining in the previous month. But the important data will be released later from the US, with Durable Goods Orders, Core PCE Price Index and Personal Income and Personal Spending.
Forex Signals Update
Yesterday the bullish momentum in the USD continued, which booked us two winning signals, one in Gold and one in USD/JPY which moved above 140. But, we had a losing cryptocurrency signal after the dive early yesterday.
The 100 SMA Turning Into Resistance for GOLD
XAU/USD – Daily chart
USD/JPY Moves Above 140
Looking to Buy BITCOIN Again
BTC/USD – Daily chart
The 100 SMA Holds in ETHEREUM
Ethereum made a bearish reversal in April from above $2,100 and continued lower early this month, pushing below the 50 SMA (yellow) on the daily chart. But the 100 SMA (green) has held as support and ETH/USD has been trding sideways in the last two weeks, while other cryptos are slipping lower.