The USD is starting the US session little changed as markets await the release of key US PCE data — the Fed’s preferred inflation gauge. Expectations are for core PCE at 2.9% and headline at 2.7%, keeping both above the Fed’s 2% target but comfortably below 3%. Alongside that, personal income (+0.3%) and consumption (+0.5%) data will also be published.
At 10 AM ET, the final University of Michigan sentiment reading for September is due, with forecasts at 55.4 (unchanged from the preliminary print and down from 58.2 in August).
In the video above, I outline the technical setups in EURUSD, USDJPY, and GBPUSD, highlighting the key levels that traders should watch into today’s data flow.
