US Economic Indicators Set to Impact Market Sentiment This Week

The US market will be closely watching key economic indicators this week, including the personal consumption expenditures (PCE) price index and jobs report.

Analysts forecast a 0.4% month-on-month increase in headline PCE for August, with core PCE rising by 0.3%. The Federal Reserve is expected to closely monitor these releases for signals about its next potential interest rate move.

The EUR/USD pair may be particularly affected by the data, as a strong jobs report and hot PCE reading could weigh on the euro. Conversely, weaker-than-expected results could prompt a rebound in the currency.