The USD is little changed to start the US session as the market awaits the key US PCE data. The PCE inflation data is the "favored" measure of inflation for the Fed. It remains above the 2% level whch is expected to remain below the 3% level at 2.9% for the core and 2.7% for the headline.

Personal income and consumption will also be released with 0.3% for income and 0.5% for consumption expected. At 10 AM the final Univ of Michigan sentiment for September will be released with expectations of 55.4 - unchanged from preliminary. Last month the reading was higher at 58.2.

In the video above, I talk about the technical levels in play for the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD.

Source: Investing Live