01:30 PM GMT, United States - GDP data:
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GDP (Q4): actual 2.3% QoQ; forecast 2.3% QoQ; previous 3.1% QoQ;
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GDP Sales (Q4): actual 3.2%; forecast 3.2%; previous 3.3%;
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GDP Price Index (Q4): actual 2.4% QoQ; forecast 2.2% QoQ; previous 1.9% QoQ
01:30 PM GMT, United States - Inflation Data:
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PCE Prices (Q4): actual 2.4%; forecast 2.3%; previous 1.5%;
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Real Consumer Spending (Q4): actual 4.2%; forecast 4.2%; previous 3.7%;
01:30 PM GMT, United States - Employment Data:
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Jobless Claims 4-Week Avg.: actual 224.00K; previous 215.50K;
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Initial Jobless Claims: actual 242K; forecast 222K; previous 220K;
Following a sharp spike, the currency pair has dipped in the red, as data revealed considerable price pressures emerging from the US economy. The PCE Prices, Fed's prefered inflation gauge, rose significantly in Q4, exceeding the intial forecasts. 4-week average for the jobless claims, on the other hand, is at its highest since October 2024.
Source: xStation5
Daily Summary: Wall Street ends the week with a calm gain ๐ฝ Cryptocurrencies slide
BREAKING: US PCE inflation in line with expectations ๐UoM prelim data slightly higher
BREAKING: Lower Unemployment in Canada๐USDCAD sharply declines๐
DE40: Adequate data, Mild growth