US Core PCE price index overview The US Bureau of Economic Analysis will publish the latest report on core Personal Consumption Expenditures (PCE) Index, rumoured to be the Federal Reserve’s favourite inflation measure. The report would also include the personal income/spending data and is scheduled to be released at 1230 GMT. Market participants predict a modest m/m rise of 0.1% for the core PCE price index in June, with the yearly rate holding steady at 2.0%. How could it affect USD/JPY? Ahead of today’s data, the pair got a minor boost from the BoJ latest monetary policy decision and has managed to break out of a four-day-old narrow trading range, pointing to a bullish set-up. A better-than-expected print should assist the pair to continue scaling higher and aim towards reclaiming the 112.00 handle before heading towards the 112.25 supply zone. Alternatively, the reaction to a negative reading is expected to remain muted ahead of today’s the latest FOMC monetary policy update on Wednesday and the keenly watched US monthly jobs report on Friday. Hence, any retracement slide is likely to find support near the 111.20 horizontal zone and is followed by a strong horizontal support near the 110.75-65 region. Key Notes “¢ US: Core PCE inflation likely to slow to 0.06% in June – Nomura “¢ USD/JPY downward pressure alleviated above 111.80 – UOB “¢ Trade idea: USDJPY basing around 111 – Potential long opportunities! About the US Core PCE price index The Core Personal Consumption Expenditure released by the US Bureau of Economic Analysis is an average amount of money that consumers spend in a month. “Core” excludes seasonally volatile products such as food and energy in order to capture an accurate calculation of the expenditure. It is a significant indicator of inflation. A high reading is bullish for the USD, while a low reading is bearish. 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 US: Employment cost index likely to gain 0.6% for Q2 2018 – Nomura FX Street 5 years US Core PCE price index overview The US Bureau of Economic Analysis will publish the latest report on core Personal Consumption Expenditures (PCE) Index, rumoured to be the Federal Reserve's favourite inflation measure. The report would also include the personal income/spending data and is scheduled to be released at 1230 GMT. Market participants predict a modest m/m rise of 0.1% for the core PCE price index in June, with the yearly rate holding steady at 2.0%. How could it affect USD/JPY? Ahead of today's data, the pair got a minor boost from the BoJ latest monetary policy decision and has… 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.
