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The USD is mixed vs. the 3 major currency pairs ahead of the US PPI and claims data. | investingLive

  • The USDJPY moved lower after breaking below a confluence of technical levels.
  • The EURUSD is also lower (higher USD) but off lows after finding early buyers against a confluence of technical levels.
  • Finally, the GBPUSD is little changed and awaits the next shove.

In the video above I take a look at each of those currency pairs to from a technical perspective to kickstart the US session.

The US PPi is expected to rise by 0.2% vs the headline and the ex food and energy component. The YoY is expect to move up to 2.5% vs 2.3% last month. The core is expected to rise to 2.9% vs 2.6%.

Initial jobless claims will also be released at 8:30 AM ET with the expectaion of 228K vs 226K last week.

US stocks are marginally higher in pre-market trading:

  • Dow +30 points
  • S&P +2.67 points
  • Nasdaq +16 points.