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Don’t waste your time – keep track of how NFP affects the US dollar!
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Personal areaUS PCE Price Index will be out on Friday at 15:30 MT. This indicator is similar to the US inflation data. The only difference is that it only measures goods and services targeted towards and consumed by individuals. There is one rumor among traders. They say PCE Price Index is the Federal Reserve's favorite inflation measure. Since the Fed’s policy actions and US inflation are the hottest topics among investors these days, this indicator may attract more attention than usual.
The indicator will have an impact on pairs containing the USD, which is the majority of the currency pairs in the entire Forex market.
Instruments to trade: EUR/USD, AUD/USD, USD/JPY