Forex calendar today forecast

Forex market today forecast:

1. **Market Focus**: The main focus today is on the release of the US PCE price index, which is expected to show that inflation is in check. This could allow the Federal Reserve to keep focusing on the job market as they decide how aggressively to cut rates.
2. **Inflation Data**: French and Spanish inflation data will also be released today, which could influence the ECB's narrative of a potential 25 bps rate cut in October.
3. **Currency Movements**: The US dollar has been experiencing a bit of a push and pull week, with the greenback keeping steady today after a fall yesterday. The USD/JPY is extending higher, climbing above 145.00, and 10-year yields are nearing 3.80% while 2-year yields are back up to 3.63%. This could indicate a slight rebound in Treasury yields, which could affect currency movements.
4. **Market Expectations**: There are no major corporate events expected today, and the releases are mostly low-tier indicators. The real action will be next week with the release of the ISM Manufacturing PMI and the NFP report.