{"id":89334,"date":"2026-08-25T19:20:34","date_gmt":"2026-08-25T09:20:34","guid":{"rendered":"https:\/\/ic.com\/blog\/?p=89334"},"modified":"2026-08-25T19:20:35","modified_gmt":"2026-08-25T09:20:35","slug":"trade-euro-on-the-us-core-pce-price-data-release","status":"publish","type":"post","link":"https:\/\/ic.com\/blog\/trade-euro-on-the-us-core-pce-price-data-release\/","title":{"rendered":"Trade Euro on the US Core PCE Price Data Release"},"content":{"rendered":"\n

FX traders are preparing for a busy day ahead on Wednesday with some key data due out of the US which could see the dollar move sharply either with the recent trend or back into recent higher ranges. The greenback has pushed higher off recent multi-month lows in the last few sessions but is still sitting at relatively low levels after a raft of lower data prints over the last few weeks. This month has seen the Non-Farm Payrolls, CPI, PPI, and Retail Sales numbers all come in lower than expected which has seen Fed rate hike expectations for September fall sharply from above 60% to around 40%.<\/p>\n\n\n\n

There is a raft of US data all set to drop early in the New York session on Wednesday with GDP numbers and Durable Goods data all being released at the same time, however the most impactful figures are likely to be the FOMC\u2019s favoured inflation data, the Core PCE Price Index numbers. The market is expecting to see a 0.2% increase in the month-on-month number with the annual figure coming in at 3.2%, which would reinforce the hawkish message that we got from the Fed last week at the conclusion of their meeting, despite recent data updates. Anything stronger would push the case strongly back for a rate hike in September and see the dollar push higher, while weaker numbers could see a rate hike for September taken completely off the table and see the dollar break into fresh downside ranges.<\/p>\n\n\n\n

The Euro is sitting nicely positioned for a good move on the data sitting just below recent multi-month highs, and a weaker print could see it break resistance and push high towards 1.1850 while a stronger number would see if pull back into recent ranges, with short term support on the daily trendline and 200 day moving average likely to provide a good pivotal level.<\/p>\n\n\n\n

Resistance 2: 1.1848 \u2013 April High<\/p>\n\n\n\n

Resistance 1: 1.1711 \u2013 August High and Trendline Resistance<\/p>\n\n\n\n

Support 1: 1.1631 \u2013 200 Day Moving Average and Trendline Support<\/p>\n\n\n\n

Support 2: 1.1422 \u2013 Long Term Trendline Support<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

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Risk Warning:<\/strong> Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our Risk Disclosure<\/a>.<\/p>\n\n\n\n

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FX traders are preparing for a busy day ahead on Wednesday […]<\/p>\n","protected":false},"author":8,"featured_media":89336,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[462],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89334"}],"collection":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/comments?post=89334"}],"version-history":[{"count":1,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89334\/revisions"}],"predecessor-version":[{"id":89337,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/89334\/revisions\/89337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media\/89336"}],"wp:attachment":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media?parent=89334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/categories?post=89334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/tags?post=89334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}