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United States Personal Spending MoM
Consumer spending on goods and services in the United States economy is measured by Personal consumption expenditures (PCE). It contributes to over two-thirds of domestic final spending, and as a result, it is the key engine driving future economic growth. When comparing current spending to future consumption, PCE reveals how much of a household's income is spent on current consumption, as opposed to how much is saved for future consumption. PCE also gives a detailed estimate of the types of products and services that are purchased by households. Examples include the proportion of expenditure accounted for by discretionary items such as vehicles or the adjustments made by customers in reaction to price variations such as a major increase in the cost of fuel.
A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.
Forex Sentiment (USD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0974 -451 pips |
1.1543 -118 pips |
1.14252 | |
| GBPUSD |
|
|
1.3012 -198 pips |
1.3447 -237 pips |
1.32103 | |
| USDJPY |
|
|
146.7033 -411 pips |
150.8575 -5 pips |
150.812 | |
| USDCAD |
|
|
1.3736 -111 pips |
1.4046 -199 pips |
1.38473 | |
| AUDUSD |
|
|
0.6351 -83 pips |
0.6529 -95 pips |
0.64340 | |
| NZDUSD |
|
|
0.5880 -9 pips |
0.5994 -105 pips |
0.58895 | |
| USDCHF |
|
|
0.8081 -48 pips |
0.8520 -391 pips |
0.81287 | |
| USDCZK |
|
|
21.5071 +70 pips |
22.2721 -7720 pips |
21.50008 | |
| USDHUF |
|
|
354.8343 +500 pips |
357.9937 -815 pips |
349.84 | |
| USDMXN |
|
|
18.4326 -4330 pips |
19.3644 -4988 pips |
18.8656 |
News (USD)
U.S. Consumer Price Growth Matches Estimates In June
A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
RTTNews | 10h 41min ago
U.S. Jobless Claims Inch Up Less Than Expected To 218,000
First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
RTTNews | 11h 32min ago
U.S. Consumer Prices Increase In Line With Estimates In June
A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.
RTTNews | 12h 15min ago
