TechFlow news, XT reminds you to pay attention to macro data. At 20:30 Singapore time on July 26, 2024, the U.S. Department of Commerce will release the year-on-year change in the core PCE price index for June.
Expected impact: The market widely anticipates that the U.S. core PCE data will affect the U.S. dollar index, U.S. Treasury yields, and rate cut expectations, potentially influencing risk markets and the cryptocurrency market.
Data impact: The previous value was 2.6%, with a forecast of 2.5%. If the actual reading is lower than expected—for example, if the reported year-on-year increase in the U.S. June core PCE price index is 2.3% < forecasted 2.5% < prior 2.6%—it would be negative for the U.S. dollar and positive for non-USD currencies. It would be negative for Treasury yields, positive for rate cut expectations, negative for rate hike expectations, and positive for risk markets and the cryptocurrency market.
Source: Jinshi Data; not intended as investment advice
