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Hello everyone, today XM Foreign Exchange will bring you "[XM Foreign Exchange Decision Analysis]: After the core PCE data meets the standards, the US dollar index's rise stagnates near the resistance level." Hope it will be www.xm-bx.comful to you! The original content is as follows:
XM Forex APP News - On Friday (September 26), after the August core personal consumption expenditure price index (core PCE) data was released, the US dollar index (DXY) still weakened slightly despite the continued stickiness of inflation and consumer spending exceeded expectations. The index fell from the intraday high of 98.605, which is slightly below the double peak resistance levels of 98.635 and 98.834, reflecting the market's hesitation near key technology levels. The U.S. dollar index has rebounded since the low of 96.218 set on the day of the last Fed policy statement, and is currently in the key Fibonacci retracement range of 98.238 to 98.714. This range corresponds to the 50% to 61.8% retracement level of the wide range of 100.257 to 96.218. It is worth noting that the US dollar index is still above the 50-day moving average of 98.024 - as long as you keep this level, it means that the market is still bullish. Core PCE inflation rate remains at 2.9% - What is the next step for Fed policy? Core PCE (the inflation indicator favored by the Federal Reserve) rose 0.2% month-on-month and 2.9% year-on-year, both data in line with expectations. The overall PCE index rose 0.3% month-on-month, pushing the annual inflation rate to 2.7%. These results are consistent with market expectations and have limited impact on the Fed's current interest rate outlook. Consumer resilience is also eye-catching: personal income increased by 0.4% month-on-month, and personal expenditure surged by 0.6% month-on-month, and both data exceeded consensus expectations by 0.1 percentage point. The data further confirms a view that despite high inflation and continued tariff-related pressure, the above content is about "[XM Forex Decision]Strategy Analysis]: After the core PCE data meets the standards, the US dollar index's rise stagnates near the resistance level" is carefully www.xm-bx.compiled and edited by the editor of XM Forex. I hope it will be www.xm-bx.comful to your trading! Thanks for your www.xm-bx.com!
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