{"id":13434,"date":"2023-05-25T16:49:20","date_gmt":"2023-05-25T14:49:20","guid":{"rendered":"https:\/\/investmentbell.com\/?p=13434"},"modified":"2023-05-25T20:18:15","modified_gmt":"2023-05-25T18:18:15","slug":"forex-daily-the-market-view-between-the-gdp-release-today-and-the-personal-consumption-expenditure-release-tomorrow","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/vi\/analysis\/forex\/forex-daily-the-market-view-between-the-gdp-release-today-and-the-personal-consumption-expenditure-release-tomorrow\/","title":{"rendered":"Forex Daily: The Market View Between the GDP Release Today and The Personal Consumption Expenditure Release Tomorrow"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><em>Thursday 25\/5\/2023- 14:42 GMT<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>The market closed yesterday on another sour note. The S&amp;P500 Futures closed with -0.79% below the opening level, DXY +0.36% while the US10 Year Yields closed 1.35% above the daily opening level reflecting the uncertainty tone of the FOMC minutes which was released yesterday during New York session. The dollar is attracting safe haven capital flows after the FOMC minutes uncovered the division in opinion within the FOMC board members into a camp that supports more rate hikes and another that supports a pause in rate hikes adding some uncertain flavors.<\/p>\n<p>Today the market is trading in a mixed sentiment after the release of the Q1 GDP estimates. The GDP headline came out above consensus soothing recession fears and supporting the stocks bulls against the USD. As of the time of writing S&amp;P500 is trading +0.62% for the day, DXY +0.33% while the US10 YY +0.56%.<\/p>\n<p>Looking at the wider spectrum after a higher than the expectations GDP that slashed the fears of a recession, eyes are now on the Core Personal Consumption Expenditure which is the Fed\u2019s favorite inflation gauge. A higher than the consensus Core PCE (MoM) or meeting consensus will imply a sticking inflation and will support the FOMC members camp of \u201cmore rate hikes\u201d and vice versa.<\/p>\n<p>I think the JPY pairs are interesting to keep an eye on specially the USDJPY which makes good moves after the release of inflation data. However, the precious metals Gold and Silver come second to fish for trading opportunities tomorrow.<\/p>\n<figure id=\"attachment_13432\" aria-describedby=\"caption-attachment-13432\" style=\"width: 1759px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-13432\" title=\"USDJPY1W\" src=\"https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W.png\" alt=\"USDJPY1W\" width=\"1759\" height=\"784\" srcset=\"https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W.png 1759w, https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W-768x342.png 768w, https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W-696x310.png 696w, https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W-1068x476.png 1068w, https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W-1920x855.png 1920w, https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W-942x420.png 942w, https:\/\/investmentbell.com\/wp-content\/uploads\/2023\/05\/USDJPY1W-600x267.png 600w\" sizes=\"auto, (max-width: 1759px) 100vw, 1759px\" \/><figcaption id=\"caption-attachment-13432\" class=\"wp-caption-text\">USDJPY Weekly Time Frame<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Keeping an eye on today\u2019s daily closure could be worth it for positioning on USDJPY tomorrow for a continuation towards the next resistance at 142.252 price zone.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost13434\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost13434').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>&nbsp; Thursday 25\/5\/2023- 14:42 GMT &nbsp; The market closed yesterday on another sour note. The S&amp;P500 Futures closed with -0.79% below the opening level, DXY +0.36% while the US10 Year Yields closed 1.35% above the daily opening level reflecting the uncertainty tone of the FOMC minutes which was released yesterday during New York session. The [&hellip;]<\/p>","protected":false},"author":184,"featured_media":13435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-13434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts\/13434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/users\/184"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/comments?post=13434"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/posts\/13434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/media\/13435"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/media?parent=13434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/categories?post=13434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/vi\/wp-json\/wp\/v2\/tags?post=13434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}