Market news:
U.S. consumer spending unexpectedly fell by 0.1% in May, lower than the market's expected increase of 0.1%. Inflation rose moderately. The annual rate of the U.S. core PCE price index in May was 2.7%, higher than the expected 2.6%, the highest since February 2025. The monthly rate of the U.S. core PCE price index in May was 0.2%, and the market expected it to remain unchanged at 0.1%. Traders increased their bets that the Federal Reserve will cut interest rates three times in 2025.
Technical analysis:
Today's buying and selling boundaries:
64.73
Support and resistance levels:
65.98
65.51
65.21
64.24
63.94
63.47
Trading strategy:
If the price breaks through 64.73, consider buying in, and the first target price is 65.21
If the price breaks through 64.24, consider selling in, and the first target price is 63.94
U.S. consumer spending unexpectedly fell by 0.1% in May, lower than the market's expected increase of 0.1%. Inflation rose moderately. The annual rate of the U.S. core PCE price index in May was 2.7%, higher than the expected 2.6%, the highest since February 2025. The monthly rate of the U.S. core PCE price index in May was 0.2%, and the market expected it to remain unchanged at 0.1%. Traders increased their bets that the Federal Reserve will cut interest rates three times in 2025.
Technical analysis:
Today's buying and selling boundaries:
64.73
Support and resistance levels:
65.98
65.51
65.21
64.24
63.94
63.47
Trading strategy:
If the price breaks through 64.73, consider buying in, and the first target price is 65.21
If the price breaks through 64.24, consider selling in, and the first target price is 63.94
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.