Today the market was expecting the PCE data.
As we saw they came in above expectations and in line with the previous month
US Core PCE inflation holds steady at 2.8% vs. 2.6% expected
The high expectations related to the inflation rate are rising the assumptions that the FED may keep the rates unchanged for a longer period. This is boosting the USD in the short term.
From our previous analysis the first target was reached again for the second time.
Thank you!
As we saw they came in above expectations and in line with the previous month
US Core PCE inflation holds steady at 2.8% vs. 2.6% expected
The high expectations related to the inflation rate are rising the assumptions that the FED may keep the rates unchanged for a longer period. This is boosting the USD in the short term.
From our previous analysis the first target was reached again for the second time.
Thank you!
Trade closed: target reached:
USDCHF - all targets reached:)
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