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:
1.1717
Support and resistance levels:
1.1790
1.1762
1.1745
1.1689
1.1671
1.1644
Trading strategy:
If the price breaks through 1.1745, consider buying in, and the first target price is 1.1762
If the price breaks through 1.1717, consider selling in, and the first target price is 1.1689
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:
1.1717
Support and resistance levels:
1.1790
1.1762
1.1745
1.1689
1.1671
1.1644
Trading strategy:
If the price breaks through 1.1745, consider buying in, and the first target price is 1.1762
If the price breaks through 1.1717, consider selling in, and the first target price is 1.1689
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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.
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.