US Inflation

The US dollar remained close to familiar levels after July inflation data matched consensus across headline and core measures. Softer jobs data and another decline in inflation have pushed more hawkish Federal Reserve expectations out of immediate focus.

AUD/USD traded in a narrow range around 0.7063 after the Reserve Bank of Australia kept rates unchanged and left traders weighing the chance of another move later this year. Technical signals point to fading momentum, with chart watchers monitoring 0.6900 on the downside and 0.7100 as a key invalidation area for bearish setups.

GBP/USD is trading near a crucial resistance area after weak US jobs figures pressured the dollar and lifted sterling momentum. Traders are watching US inflation and UK growth data for fresh clues on the Federal Reserve and Bank of England policy paths.

AUD/USD has rebounded from its monthly low as softer US inflation data pressured the US dollar and shifted Federal Reserve expectations. Technical traders remain cautious, with 0.7000 resistance, a bearish flag pattern, and 0.6900 downside risk shaping the near-term setup.

GBP/USD is drawing fresh attention after breaking above the closely watched 1.3500 area and the nearby 1.3489 resistance zone. Traders are now watching whether the former ceiling can become support as pound strength and dollar weakness shape the next move.

December US CPI expected at 2.7% YoY as markets prepare for the report; investors watch labor market, inflation trends, and Fed policy signals.

US stock futures retreat as DOJ investigation into the Fed rattles Dow Jones, Nasdaq 100, and S&P 500. Traders watch inflation data, earnings, and Fed policy outlook.

The Federal Reserve meets September 16–17, with markets expecting a rate cut. Powell’s guidance on inflation, jobs, and Trump’s political pressure could set the tone for markets.