CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.

USD muted after US Core PCE and Michigan Consumer Sentiment data

15:07 24 November 2021

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

 

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