Inflation Is in Focus Again
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US PCE Price Index is going out
What will happen?
US PCE Price Index will be out on Friday at 15:30 MT. This indicator is similar to the US inflation data. The only difference is that it only measures goods and services targeted towards and consumed by individuals. There is one rumor among traders. They say PCE Price Index is the Federal Reserve's favorite inflation measure. Since the Fed’s policy actions and US inflation are the hottest topics among investors these days, this indicator may attract more attention than usual.
How to trade on PCE Price Index?
The indicator will have an impact on pairs containing the USD, which is the majority of the currency pairs in the entire Forex market.
- If it is better than expected, the USD will strengthen.
- Alternatively, the USD will weaken.
Instruments to trade: EUR/USD, AUD/USD, USD/JPY
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