Canada’s Q4 2024 GDP grew 2.6%, driven by household spending, exports, and investment, with wages rising moderately.
US trade deficit widens, EUR/USD stabilises, gold drops, GBP/USD holds gains; focus shifts to payrolls, ECB meeting.
US core PCE rose 2.6% annually, personal income increased 0.9%, while real personal spending declined 0.5%.
US wholesale inventories rose 0.7%, EUR/USD stabilised, gold dropped, and key economic events await.
The PCE report will reveal inflation trends, influencing Federal Reserve rate decisions, while Canada’s GDP growth is analyzed.
Canada’s GDP grew 2.6%, USD mixed, gold dipped, and GBP/USD remained resilient ahead of key events.
Traders await US PCE data; USDJPY rises, EURUSD declines, GBPUSD gains. Dow, S&P up; Nasdaq unchanged.
Canada’s GDP grew to 0.6%, euro stabilised, gold fell, and GBP/USD held above 1.2600 post-PCE data.
Core PCE data releases at 8:30 AM ET, with expected increases impacting economic assessments and market reactions.
EUR/JPY nears 157.00 as Yen weakens after Tokyo CPI data; outlook remains bearish despite Euro’s resilience.
