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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: USD gains after in-line PCE report

13:33 30 November 2023

US data pack for October, including US PCE inflation, was released today at 1:30 pm GMT. Report was expected to show a slowdown in headline and core PCE inflation as well as slightly lower increase in personal spending and income, than it was the case in September.

Actual report turned out to be in-line with estimates, across almost all measures. In fact, only headline PCE inflation on a monthly basis came in slightly below estimates. Initial jobless claims that were released simultaneously turned out to be slightly lower than expected, while continuing claims came in above expectations.

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US, data pack for October

  • Headline (annual): 3.0% YoY vs 3.0% YoY expected (3.4% YoY previously)
  • Headline (monthly): 0.0% MoM vs 0.1% MoM expected (0.4% MoM previously)
  • Core (annual): 3.5% YoY vs 3.5% YoY expected (3.7% YoY previously)
  • Core (monthly): 0.2% MoM vs 0.2% MoM expected (0.3% MoM previously)
  • Personal spending: 0.2% MoM vs 0.2% MoM expected (0.7% MoM previously)
  • Personal income: 0.2% MoM  vs 0.2% MoM expected (0.3% moM previously)

US, jobless claims data

  • Initial jobless claims: 218k  vs 220k expected (209k previously)
  • Continuing jobless claims: 1927k vs 1865k expected (1840k previously)

USD ticked higher following the release but, overall, scale of market reaction was rather small given that the data came in-line with expectations.

Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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