Headline 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.

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.