Data pack for January:
• Headline PCE inflation: 5.4% YoY vs 5.0% YoY expected (5.0% YoY previously)
• Core PCE inflation: 4.7% YoY vs 4.3% YoY expected (4.4% YoY previously)
• Personal spending: 1.1% MoM vs 1.2% MoM expected (-0.2% MoM previously)
• Personal income: 0.6% MoM vs 0.9% MoM expected (0.2% MoM previously)
EURUSD pair broke support at 1.0560 and is trading at lowest level since early January. Source: xStation5
BREAKING: EURUSD reacts to US jobless claims & labor costs data 🗽
BREAKING: PPI in Eurozone higher than expected, unemployment falls
Economic calendar: Jobless claims and Challenger data in focus 💡
Morning Wrap (08.01.2026)