In the US session, markets will focus on the release of June PCE inflation and the Q2 Employment Cost Index, according to analysts at TD Securities. Key Quotes “TD looks for the ECI to rise 0.7%, in line with consensus, which would push the y/y rate to a new post-crisis high of 2.8%.” “Core PCE inflation is expected by the market to remain unchanged at 2.0% y/y, with prices up 0.1% m/m. Headline PCE inflation should likewise hold steady at 2.3% y/y while personal income and spending are each expected to rise 0.4% m/m.” “Chicago PMI will be released later in the morning and the market looks for a decline to 62.0 from 64.1, which would leave the index well into expansionary territory.” “Consumer confidence for July (market: 126.0) will round out the data calendar.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE: Dovish hike or no hike are more likely outcomes – Nordea Markets FX Street 5 years In the US session, markets will focus on the release of June PCE inflation and the Q2 Employment Cost Index, according to analysts at TD Securities. Key Quotes "TD looks for the ECI to rise 0.7%, in line with consensus, which would push the y/y rate to a new post-crisis high of 2.8%." "Core PCE inflation is expected by the market to remain unchanged at 2.0% y/y, with prices up 0.1% m/m. Headline PCE inflation should likewise hold steady at 2.3% y/y while personal income and spending are each expected to rise 0.4% m/m." "Chicago PMI will be released later… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
