US Markets Prepare for Crucial Data Releases and Earnings Reports

The upcoming week is set to be significant for markets, particularly in the US, as several crucial data releases and corporate earnings reports are scheduled. The Personal Consumption Expenditures (PCE) price index and jobs report will be closely watched by investors, who are seeking signals about the Federal Reserve's next potential move.

Analysts forecast a 0.4% month-on-month increase in August's headline PCE, up from 0.2% in July, while core PCE is expected to rise by 0.3% m/m. A strong jobs report combined with a hot PCE reading could weigh on the EUR/USD pair, which is currently near support at $1.1379.

Micron Technology will also release its fiscal fourth-quarter 2026 results, with analysts anticipating earnings of over tenfold to $31.45 a share and revenue soaring to $50.8bn. The company's forward guidance will be closely scrutinized by investors.