Personal spending rose by 0.7% while it was expected to rise by 0.6% and personal income climbed 1.1%. It was predicted to rebound and rise by 1%, after two months of extremes. The Core PCE Price Index edged up by 0.1%, exactly as expected.
Market action is extremely thin on Good Friday. Most financial centers are closed. The level of closure is not as strong as on Christmas Day or New Year’s Eve, but volume is very low.
The revised version of consumer sentiment by the University of Michigan is due for 13:55 GMT, and it is the last indicator for the day, week, month and quarter.
In the past few days, US indicators have disappointed: jobless claims climbed back to the previous high levels, reaching 357K. New home sales fell to an annual pace of 411K, below expectations, and also consumer confidence dropped.
EUR/USD is stable around 1.28, still enjoying the small recovery seen after banks in Cyprus opened up.
