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About: anakin
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The EUR/USD pair climbs towards 1.0410 following a modest rise in German HICP inflation.
EUR/USD rises to 1.0410 after US PCE data; German HICP exceeds expectations; support at 1.0285, resistance 1.0530.
Wholesale inventories in the US rose by 0.7%, against an expected decline of 0.5%.
US advance wholesale inventories rose 0.7% instead of falling 0.5%, raising concerns about tariff-related stockpiling.
The US Bureau of Economic Analysis will release January’s PCE Price Index data at 13:30 GMT.
US inflation fell to 2.5% in January; core PCE rose 2.6%. USD strengthened against NZD by 2.46%.
In January, the US trade deficit reached a record $153.26 billion, largely due to increased imports.
US trade deficit hit $153.26 billion in January as imports surged amid tariff concerns, marking a record high.
After reaching a record high, gold’s value has fallen by 3% amid tariff discussions.
Gold’s price drops 3% to $2,860 after tariffs; June rate cut odds rise to 71.8%.
