Darren Winters

PCE stands for Personal Consumption Expenditures; The Core PCE Price Index is a measurement of consumer inflation rates, as seen when purchasing goods and services. PCE gauges the level of price changes seen within consumer goods and services.  Core PCE excludes Food and Energy because month-to-month purchase volatility of such can skew underlining consumer trends. The Federal Reserve tends to favor this indicator for its clear look at consumer inflation, for this reason traders watch the Core PCE closely.

Average Hourly Earnings month on month.

This indicator gathers numbers relevant to wage inflation. Price increases in wages paid to nonfarm employees are monitored.  When companies are required to pay workers more, wage inflation is increasing the overall risk of inflation moving higher. 

Look for late stage cup and handle breakouts where the breakout is not supported by high volume and where the price closes in the upper end of the trading range. Double bottoms at the top end of the chart pattern can exhibit similar low volume breakouts that might fail.

With news events trading there are basically two areas where investors can benefit by trading the news. Firstly the macro news items, such as interest rate decisions, economic releases and central bank meeting minutes, would affect currencies and indices in a major way, as well as stocks. Prices can be volatile before and immediately after these major announcements.
(- 4 of 14 news trading as a part of contract for difference trading strategy)