- The USDJPY moved lower after breaking below a confluence of technical levels.
- The EURUSD is also lower (higher USD) but off lows after finding early buyers against a confluence of technical levels.
- Finally, the GBPUSD is little changed and awaits the next shove.
In the video above I take a look at each of those currency pairs to from a technical perspective to kickstart the US session.
The US PPi is expected to rise by 0.2% vs the headline and the ex food and energy component. The YoY is expect to move up to 2.5% vs 2.3% last month. The core is expected to rise to 2.9% vs 2.6%.
Initial jobless claims will also be released at 8:30 AM ET with the expectaion of 228K vs 226K last week.
US stocks are marginally higher in pre-market trading:
- Dow +30 points
- S&P +2.67 points
- Nasdaq +16 points.
