Home / News / Kickstart the NA trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What levels are key.
Kickstart the NA trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What levels are key.
<p class="PDq2pG_selectionAnchorContainer">The USD is higher against all the major currencies as North American traders enter for the day. The greenback’s largest gain is against the JPY, rising 0.36%, followed by gains of 0.16% versus the CHF and 0.12% versus the CAD.</p><p>The dollar’s move comes as Treasury yields push higher ahead of today’s key U.S. PPI report. That will be followed by the CPI tomorrow, with both reports helping to shape expectations ahead of next week’s Federal Reserve decision.</p><p>Meanwhile, the EUR is modestly lower ahead of the ECB rate decision at 8:15 AM ET (see a preview <a href="https://investinglive.com/central-banks/ecb-preview-what-is-expected-what-is-priced-in-and-what-could-surprise/" rel="follow">HERE</a>). The central bank is expected to raise its refinancing rate by 25 basis points to 2.65% from 2.40%.</p><p>In the Kickstart video, I take a technical look at the EURUSD, USDJPY and GBPUSD, outlining the key levels that will determine whether the dollar buyers can remain in control—or whether the sellers can take back control and where. Plan your trading day.</p><p class="PDq2pG_selectionAnchorContainer">As mentioned, the main economic focus today will be the August Producer Price Index at 8:30 AM ET. Headline PPI is expected to rise 0.4% for the month after being unchanged in July, with the year-over-year rate accelerating to 5.3% from 4.7%. Excluding food and energy, PPI is expected to increase 0.3% versus 0.2% previously, lifting the
Higher education in Financial Engineering and Money & Capital Markets. SPK (Turkey CMB) licence. 16 years across institutional markets, research, and quant-driven analytics.
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<p class="PDq2pG_selectionAnchorContainer">The USD is higher against all the major currencies as North American traders enter for the day. The greenback’s largest gain is against the JPY, rising 0.36%, followed by gains of 0.16% versus the CHF and 0.12% versus the CAD.</p><p>The dollar’s move comes as Treasury yields push higher ahead of today’s key U.S. PPI report. That will be followed by the CPI tomorrow, with both reports helping to shape expectations ahead of next week’s Federal Reserve decision.</p><p>Meanwhile, the EUR is modestly lower ahead of the ECB rate decision at 8:15 AM ET (see a preview <a href="https://investinglive.com/central-banks/ecb-preview-what-is-expected-what-is-priced-in-and-what-could-surprise/" rel="follow">HERE</a>). The central bank is expected to raise its refinancing rate by 25 basis points to 2.65% from 2.40%.</p><p>In the Kickstart video, I take a technical look at the EURUSD, USDJPY and GBPUSD, outlining the key levels that will determine whether the dollar buyers can remain in control—or whether the sellers can take back control and where. Plan your trading day.</p><p class="PDq2pG_selectionAnchorContainer">As mentioned, the main economic focus today will be the August Producer Price Index at 8:30 AM ET. Headline PPI is expected to rise 0.4% for the month after being unchanged in July, with the year-over-year rate accelerating to 5.3% from 4.7%. Excluding food and energy, PPI is expected to increase 0.3% versus 0.2% previously, lifting the
