When performing transactions in the OTC Forex market, the possibility of making a profit is inextricably linked with the risk of losses. Ownership and other rights to the underlying assets are not transferred to clients.

USD muted after US Core PCE and Michigan Consumer Sentiment data

Core PCE prices in the US which exclude food and energy rose to 0.4 % month-over-month in Octobber, following 0.2 % gain in September, in line with market expectations. Year-on-year, core PCE inflation went up to 4.1% from 3.6 % in previous month, in line with analysts’ estimates.

Personal income rose to 0.50 % MoM in October,  from -1.0% drop in September and compared to market expectations of a 0.2% increase.

Personal spending increased 1.3% from a month earlier in October, following  0.6% rise in September and compared with market consensus of a 1.0% rise.

The University of Michigan's consumer sentiment for the US was revised higher to 67.4 in October from a preliminary of 66.8 and below September’s final 71.7. 

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1200 level. Source: xStation5

 

Daily summary: New Covid variant spooks markets
UBER stock tumbles following unfavorable court ruling
Three markets to watch next week (26.11.2021)
BREAKING: Oil plunges 12%
Latest news on new COVID-19 variant