Core PCE

AUD/USD has fallen to its weakest level since June 30, pressured by a stronger US dollar and rising US yields. Traders are watching upcoming labor market and manufacturing data as technical signals point to continued downside risk.

EUR/USD has fallen to its weakest level since May last year as mixed US data, higher Treasury yields and rate expectations keep pressure on the pair. Traders are watching the US nonfarm payrolls report, PMI releases and Fed commentary for the next directional catalyst.

Silver failed to sustain a rally after softer PCE data, leaving the market back near the $60.84 retracement of its all time high. Traders are now watching Friday’s jobs report, the dollar, and Treasury yield pressure for the next directional cue.

Ethereum recovered from an intraday low after softer U.S. inflation data reduced expectations for another Federal Reserve rate increase. Traders are watching on-chain activity, rising volumes and the coming Glamsterdam upgrade as ETH attempts to build momentum toward $3,000 and possibly $3,400.

Goldman Sachs has withdrawn its forecast for no Federal Reserve rate hike, aligning with market expectations for a likely 25 basis-point move on Wednesday. The shift has sharpened debate over whether the Fed is responding to inflation risks or to Wall Street pricing.

USD/CAD gained as stronger U.S. data, hawkish Federal Reserve messaging and fresh tariff pressure weighed on the Canadian dollar. Agricultural commodities drew attention after wheat and soybeans broke to multi-year highs, while traders also monitored oil and Ethereum setups.

Silver bounced after core PCE held steady, but the move lacked confirmation from the bond market and the US dollar. With headline inflation firm, income stronger and Jackson Hole ahead, traders are watching whether XAG can finally break its four session range.

EUR/USD has slipped from its recent high as the US dollar attempts a cautious rebound and traders await key US data. The pair remains above 1.1620 support, but a double shooting star pattern is keeping bearish scenarios in focus.

Spot gold advanced as a weaker dollar and softer rate expectations continued to support the market. Traders now face a key sequence of catalysts, with PCE inflation data due before Fed Chair Kevin Warsh speaks at Jackson Hole.