Personal spending for December 2020 -0.2% vs. -0.4% estimate. Personal income +0.6%
Personal income and personal spending for December 2020 prior month Personal income +0.6% vs. +0.1% estimate. Last month -1.1% revised to -1.3% Personal spending -0.2% vs. -0.4% estimate. Last month -0.4% revised to -0.7% in November. Real personal spending -0.6% vs. -0.6% estimate. Prior month -0.4% revised to -0.7%.Inflation:
Core PCE deflator MoM 0.4% vs. 0.3% estimate. Last month 0.0% Core PCE deflator YoY 1.3% vs. 1.2% estimate. Last month 1.1% PCE deflator MoM 0.3% vs. +0.1% estimate. Last month 0.0% PCE deflator YoY 1.5% vs. 1.3% estimate. Last month 1.4%inflation data still remains will below 2% target. Personal spending now down for the 2nd consecutive month after 6 positive months from the April and March 2020 plunge. Personal income rebounded after a sharp -1.3% decline in November revised from -1.1%.. All prior month's will revised lower which is a worry
Further Development
Analyzing the current trading chart of EUR/USD, I found that the buyers got exhausted today and the downside rotation would be probably to correct strong upside movement from today.
Key Lvels:
Resistance: 1,2150
Support levels: ,2095 and 1,2065.