Pce Price Index Preview & EUR/USD Technical Analysis - ActionForex

• The Federal Reserve Board announced that the “Build Your Package” feature within its Data Download Program (DDP) will be removed during the week of November 9. • This change is part of a broader transition leading toward the eventual retirement of the DDP system.

• Tech stocks in Asian markets are expected to rally following Nvidia's positive earnings forecast, which addressed concerns regarding AI spending and circular funding. • Key economic data is due today, including Chinese industrial profits, Australian data, and interest rate decisions in South Korea and the Philippines.

• The European Central Bank (ECB) is preparing to increase its key policy rates during its upcoming September meeting. • Sources indicate that the central bank currently has no appetite for further interest rate hikes following the September decision.

• The US released economic data for July focusing on the Personal Consumption Expenditures (PCE) deflators. • As the Federal Reserve's preferred gauge for inflation, the PCE is closely monitored despite being less timely than Consumer Price Index (CPI) indicators.

• The Reserve Bank of Australia (RBA) has reduced its target share of US dollars within its foreign reserves portfolio by 10 percentage points for 2025. • This strategic shift occurs as major banks predict another interest rate hike may be necessary this year to manage economic pressures.

• Several key stocks, including ICICI Prudential AMC, Vedanta, Bharat Electronics (BEL), and PFC, are expected to be in the spotlight on Thursday, August 27. • Other companies likely to see significant market activity include Aye Finance, IRB Infra, Foseco India, and Juniper Green Energy.

• Indian equity markets closed sharply lower on Wednesday, with the Sensex dropping 183 points and the Nifty declining by 0.52%. • Gains in the banking and metals sectors were offset by a downturn in IT stocks, which weakened due to emerging visa concerns.

• Investors are facing mixed signals as private market managers' stock prices have performed poorly in 2026 despite solid returns from the underlying assets and funds. • Morningstar’s listed private equity index has shown some recovery after early-year losses, while firms like Blackstone continue to report solid earnings.

• Axis Bank's stock is currently being tracked via a real-time liveblog by The Economic Times to provide investors with immediate market analysis. • Key financial metrics reported include a last traded price of 1255.0, a market capitalization of 390,402.66, and a trading volume of 3,298,266.

• Markets are awaiting key U.S. economic data today, including Durable Goods Orders at 13:30 BST and Crude Oil Inventories at 15:30 BST, followed by Nvidia's second-quarter earnings after the market close. • CME FedWatch indicates the probability of a September rate increase has dropped to over 40%, down from 55% last month, driven by softer economic indicators and lower oil prices.

• Brent crude oil prices have declined for three consecutive days, dropping to approximately $86.7 per barrel, the lowest level seen in two weeks. • The downward trend began on Monday following details released by USTS Bessent regarding "Operation Economic Outcast."