PCE Inflation

Bitcoin briefly moved above $85,500 after a cooler U.S. inflation reading improved the risk backdrop for crypto. The advance faded as Treasury yields remained near historically high levels, limiting follow-through across digital assets.

Gold and silver struggled to build a stronger recovery as elevated Treasury yields and firm oil prices kept pressure on precious metals. Traders are watching US PCE inflation, with gold needing $4,300 and silver needing $64 to improve the short-term outlook.

AUD/USD has fallen for three consecutive weeks, touching 0.7023 as markets prepare for the Reserve Bank of Australia’s interest rate decision. Technical traders are watching 0.7000 as a key support level, with 0.6900 in focus if bearish momentum persists.

Bitcoin started the week under pressure alongside Nasdaq futures after President Donald Trump did not rule out renewed U.S. strikes on Iran before the early November midterm elections. Oil prices rose, Treasury yield concerns persisted, and traders turned their attention to upcoming U.S. inflation, manufacturing and employment data.

Strong US business activity and Treasury yields above 5% have kept the possibility of another Federal Reserve rate hike in focus. The August PCE inflation report on September 30 could shape the next move in the US dollar, USD/JPY and EUR/USD.

The S&P 500 pulled back as traders weighed hawkish remarks from Fed Chair Warsh, stronger economic projections and a firmer retail sales backdrop. Housing sentiment weakened under high interest rates, adding another layer of uncertainty for equity investors.

The Dow Jones Industrial Average closed the week positive at 53,537 as earnings strength and consumer resilience helped offset pressure from policy and trade risks. Market attention now turns to 52,900 support and 55,000 resistance as inflation, Treasury yields and U.S.-Canada tariffs shape the next move.

Bitcoin has slipped back under $79,000 after a sharp seven-day run above $80,000 left momentum indicators looking stretched. Traders are now focused on July PCE inflation, Nvidia’s earnings and remarks at Jackson Hole for clues on risk appetite and rates.

The Nasdaq recovered near its 50 day moving average as lower yields and renewed chip demand supported risk appetite. Traders now face a critical test from PCE inflation, second quarter GDP and Nvidia earnings, while weak consumer confidence and retail selling complicate the rebound.

U.S. stock futures pushed higher as easing Treasury yields brought buyers back after semiconductor weakness pressured major indexes. The next test comes from PCE inflation before Wednesday’s open and Nvidia earnings after the close, with traders focused on whether the AI trade can regain momentum.

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.

EUR/USD rose to its strongest level since June 17 after Donald Trump paused planned attacks on Iranian infrastructure and the Federal Reserve left rates unchanged. Technical traders are watching whether the pair can extend toward 1.1622 after reclaiming the 1.1483 neckline and moving above the 50-day EMA.

Spot gold moved lower late Tuesday as sellers pushed XAU/USD beneath a short-term retracement zone now acting as resistance. Traders are watching Warsh’s press conference and the PCE inflation print as the next potential catalysts for whether the metal can stabilize or extend its decline.

The U.S. dollar is holding a constructive technical tone as traders prepare for the Federal Reserve meeting, key inflation data and payrolls figures. EUR/USD and GBP/USD remain under pressure near important resistance areas, while central bank guidance keeps forex volatility in focus.

Silver has staged a notable weekly rebound after heavy selling earlier in the month, but the macro backdrop remains difficult. A firmer dollar, tighter policy pricing and inflation sensitive oil conditions leave XAGUSD exposed to a pivotal sequence of Fed, PCE and wage catalysts.

Bitcoin has repeatedly bounced near $59,000 this month, making the level a closer watch than the round $60,000 mark. Traders are now waiting for Thursday’s U.S. core PCE report, which could decide whether the support holds.

Get today’s US Dollar forecast and technical analysis for DXY, GBP/USD, and EUR/USD. Explore key levels, market sentiment, and how upcoming PCE inflation data could shape USD direction.