Forex Kickstart: USD mixed as markets await the US CPI report

AI summary

<p>The US dollar is mixed to start the North American session, with the greenback higher versus the EUR, GBP, CHF and CAD, but lower versus the JPY, AUD and NZD.</p><p>The largest moves are against the commodity currencies, with the NZD up 0.45% and the AUD up 0.27% versus the dollar. The USD is also down 0.29% versus the JPY. Conversely, the dollar is up 0.34% versus the CHF and 0.20% versus the CAD. The EUR and GBP are only modestly lower.</p><p>The ranges for the three major currency pairs remain relatively contained ahead of the US CPI report:</p><ul><li><p>EURUSD: 1.1592, with a range of 1.1591 to 1.1617</p></li><li><p>USDJPY: 153.97, with a range of 153.92 to 154.61</p></li><li><p>GBPUSD: 1.3506, with a range of 1.3496 to 1.3526</p></li></ul><p>In the Kickstart video, I take a technical look at the EURUSD, USDJPY and GBPUSD and outline the key levels that would give buyers or sellers more control following the CPI report.</p><p class="PDq2pG_selectionAnchorContainer">US CPI takes center stage</p><p class="PDq2pG_selectionAnchorContainer">The August US CPI report will be released at 8:30 AM ET. Expectations are for:</p><ul><li> Headline CPI MoM: +0.4% versus +0.1% previously </li><li> Headline CPI YoY: +3.4% versus +3.4% previously </li><li> Core CPI MoM: +0.2% versus +0.2% previously </li><li> Core CPI YoY: +2.4% versus +2.5% previously </li></ul><p>The headline monthly number is expected to accelerate sharply to 0.4%, largely reflecting the rise in energy prices. Howev