{"id":437888,"date":"2026-09-10T20:40:23","date_gmt":"2026-09-10T13:40:23","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/kickstart-the-na-trading-day-with-a-technical-look-at-the-eurusd-usdjpy-and-gbpusd-what-levels-are-key-437888\/"},"modified":"2026-09-10T20:40:23","modified_gmt":"2026-09-10T13:40:23","slug":"kickstart-the-na-trading-day-with-a-technical-look-at-the-eurusd-usdjpy-and-gbpusd-what-levels-are-key","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/kickstart-the-na-trading-day-with-a-technical-look-at-the-eurusd-usdjpy-and-gbpusd-what-levels-are-key-437888\/","title":{"rendered":"Kickstart the NA trading day with a technical look at the EURUSD, USDJPY and GBPUSD. What levels are key."},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The USD is higher against all the major currencies as North American traders enter for the day. The greenback\u2019s largest gain is against the JPY, rising 0.36%, followed by gains of 0.16% versus the CHF and 0.12% versus the CAD.<\/p>\n<p>The dollar\u2019s move comes as Treasury yields push higher ahead of today\u2019s key U.S. PPI report. That will be followed by the CPI tomorrow, with both reports helping to shape expectations ahead of next week\u2019s Federal Reserve decision.<\/p>\n<p>Meanwhile, the EUR is modestly lower ahead of the ECB rate decision at 8:15 AM ET (see a preview <a href=\"https:\/\/investinglive.com\/central-banks\/ecb-preview-what-is-expected-what-is-priced-in-and-what-could-surprise\/\" rel=\"follow\">HERE<\/a>). The central bank is expected to raise its refinancing rate by 25 basis points to 2.65% from 2.40%.<\/p>\n<p>In the Kickstart video, I take a technical look at the EURUSD, USDJPY and GBPUSD, outlining the key levels that will determine whether the dollar buyers can remain in control\u2014or whether the sellers can take back control and where.\u00a0 Plan your trading day.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">As mentioned, the main economic focus today will be the August Producer Price Index at 8:30 AM ET. Headline PPI is expected to rise 0.4% for the month after being unchanged in July, with the year-over-year rate accelerating to 5.3% from 4.7%. Excluding food and energy, PPI is expected to increase 0.3% versus 0.2% previously, lifting the annual core rate to 4.6% from 4.2%. With oil prices above $100 and the Federal Reserve meeting next week, a hotter-than-expected report could increase inflation concerns and expectations for another rate hike. A softer number would provide some relief for bonds and potentially weigh on the dollar.<\/p>\n<p>Other releases today:<\/p>\n<ul>\n<li>\n8:15 AM ET: ECB refinancing rate\u2014expected to rise to 2.65% from 2.40%\n<\/li>\n<li>\n8:15 AM ET: ECB deposit rate\u2014expected to rise to 2.50% from 2.25%\n<\/li>\n<li>\n8:30 AM ET: Initial jobless claims\u2014205,000 expected versus 206,000 previously\n<\/li>\n<li>\n8:30 AM ET: Continuing claims\u20141.780 million expected versus 1.779 million previously\n<\/li>\n<li>\n10:00 AM ET: Existing-home sales\u20143.98 million expected versus 4.06 million previously\n<\/li>\n<li>\n10:00 AM ET: Existing-home sales change\u2014previously \u22121.7%\n<\/li>\n<li>\n10:00 AM ET: Wholesale inventories\u2014expected to rise 1.3%\n<\/li>\n<li>\n10:00 AM ET: Wholesale sales\u2014previously fell 3.0%<\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">Looking at other markets, U.S. stock futures are mixed ahead of today\u2019s PPI report (see a post on <a href=\"https:\/\/investinglive.com\/stocks\/stock-movers-today-meta-leads-ai-optimism-while-servicetitan-and-navan-show-the-cost-of-missing-expectations\/\" rel=\"follow\">some pre-market stock moves here<\/a>). The Dow is higher, the S&amp;P is little changed, while the Nasdaq is under pressure as technology shares lag. The major indices are on a 3 day down streak after yesterday saw the Dow fall -0.77%, the S&amp;P fall -0.48% andthe Nasdaq composite fall -0.64% (<a href=\"https:\/\/investinglive.com\/stocks\/us-stocks-close-lower-for-the-third-consecutive-day-as-oil-and-yields-rise\/\" rel=\"follow\">see post<\/a>):. The S&amp;P and Nasdaq closed below the 100 and 200 hour MAs (<a href=\"https:\/\/investinglive.com\/education\/divergent-technicals-in-the-short-term-are-driving-the-s-p-and-nasdaq-indices\/\" rel=\"follow\">see post<\/a>)\u00a0<\/p>\n<ul>\n<li>\nDow industrial average: +96 points\n<\/li>\n<li>\nS&amp;P index: +1.5 points\n<\/li>\n<li>\nNasdaq index: \u2212116 points\n<\/li>\n<\/ul>\n<p>European markets are mostly higher, although the gains are relatively modest. The U.K.\u2019s FTSE 100 is the exception:<\/p>\n<ul>\n<li>\nEuro Stoxx 50: +0.11%\n<\/li>\n<li>\nGermany\u2019s DAX: +0.01%\n<\/li>\n<li>\nFrance\u2019s CAC: +0.19%\n<\/li>\n<li>\nU.K.\u2019s FTSE 100: \u22120.29%\n<\/li>\n<li>\nSpain\u2019s Ibex: +0.27%\n<\/li>\n<li>\nItaly\u2019s FTSE MIB: +0.36%\n<\/li>\n<\/ul>\n<p>Overall, the price action is cautious as traders await the U.S. inflation data and the ECB interest-rate decision.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">In political\/geopolitical news from the US, President Trump used Wednesday\u2019s GOP midterm rally in Dallas to make the November election a referendum on his administration. He told supporters to vote as if his name were on the ballot and warned that a Democratic victory would reverse his policies on immigration, taxes, crime and the economy.<\/p>\n<p>Trump also promised a $5,000 \u201cTrump dividend\u201d to every adult U.S. citizen if Republicans retain control of the House and Senate. He suggested tariff revenue could help pay for the plan, although he offered few details, and congressional approval would likely be required. Let me take a guess&#8230;.it will be privately funded.\u00a0\u00a0<\/p>\n<p>For the markets, the more important comments were focused on Iran and oil. Trump said the war with Iran would end \u201cimmediately after the election,\u201d claiming Tehran was attempting to influence the midterms. Although he left the door open to negotiations, he said the U.S. was not currently looking for a deal and that his objectives extended beyond a nuclear agreement.<\/p>\n<p>On oil, Trump acknowledged that getting prices back down would \u201ctake a little longer,\u201d but predicted they would begin falling shortly after the election. He also said gasoline would eventually move below $2 per gallon.<\/p>\n<p>The market takeaway is that Trump does not appear to be signaling a near-term de-escalation with Iran. With Middle East tensions already threatening global supplies, that may keep a geopolitical risk premium underneath crude oil heading toward the November election. <\/p>\n<p>In the middle east news overnight,\u00a0tensions remain elevated, helping to keep a geopolitical risk premium underneath oil. Iran said it attacked 10 vessels near the Strait of Hormuz in retaliation for U.S. strikes on Iranian tankers, although the U.S. denied that any of its ships were hit. Meanwhile, the Iran-backed Houthis expanded their operations in Yemen and moved closer to the Bab el-Mandeb Strait\u2014another key shipping route\u2014while Saudi Arabia continued retaliatory airstrikes following attacks on its airbase and oil infrastructure. With no signs of an immediate diplomatic breakthrough, the risks to oil supplies and inflation remain tilted to the upside. The price of crude oil is up $1.65 or 1.72% a $97.70. The high price reached $97.84.\u00a0 Brent crude is at $102.90 after cracking back above $100 level yesterday.\u00a0\u00a0<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The USD is higher against all the major currencies as North American traders enter for the day. The greenback\u2019s largest gain is against the JPY, rising 0.36%, followed by gains of 0.16%&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437888","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437888"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437888\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}