Markets head into Friday with heightened focus on U.S. inflation dynamics, personal spending figures, and consumer sentiment data. Traders are also attentive to fresh remarks from Federal Reserve officials, which could shape expectations for the rate path into the final quarter of the year. Political uncertainty in Washington adds another layer of caution, while global investors continue to balance safe-haven demand with risk appetite.

Key Data Releases to Watch Today

U.S. Core PCE Price Index m/m (August): previous 0.3%, forecast 0.2%
U.S. Personal Income m/m (August): previous 0.4%, forecast 0.3%
U.S. Personal Spending m/m (August): previous 0.5%, forecast 0.5%
U.S. Revised UoM Consumer Sentiment (September): previous 55.4, forecast 55.5
U.S. Revised UoM Inflation Expectations (September): previous 4.8%,
FOMC Member Speeches: Barkin, Bowman, Daly

EUR/USD

The euro holds steady as traders await the U.S. inflation data, which could either strengthen the dollar or extend its recent hesitation. Sentiment remains fragile with Washington’s fiscal tensions still unresolved, while investors look for clues in eurozone data to gauge the bloc’s growth prospects.

Yesterday it was a nice downsidem but today the price stalled. The sell zone is at 1.1640-1.1630. Also, in case of the SMA50 test, look for reversal signals to sell or a breakout to buy.

Gold

Gold trades near elevated levels as safe-haven demand persists amid U.S. political risks. Investors are cautious ahead of the PCE release, which could temporarily shift flows. Stronger inflation would weigh on gold in the short term, while softer data could provide further support.

Gold is trading close to the SMA50 on the hourly chart. The sell zone for today is at 3,710-3,700. In case of the SMA50 testing, you should check reversal candlestick signals to sell. A breakout for confirmation will offer some buying opportunities.

WTI Crude Oil

Crude oil remains directionless, balancing concerns over slowing global demand with ongoing supply risks. Today’s U.S. data on consumption and inflation may offer further insight into near-term demand, potentially guiding sentiment for energy markets.

Crude oil is trading above the SMA50 on the hourly chart confirming bullish sentiment. The buy zone is at 65.30-65.40. In case of the SMA50 test, buy if you see a clear upside reversal signal. In case of a confirmed breakout, you can sell with targets according to your risk-to-reward method.

Bitcoin

Bitcoin consolidates as traders await U.S. data for cues on liquidity and risk appetite. Stronger inflation and hawkish Fed expectations could dampen sentiment, while weaker prints might encourage fresh inflows into digital assets.

Bitcoin is trading below the SMA50 on the hourly chart confirming the bearish market sentiment. The sell zone is at 108,300-108,000. Also, in case of the SMA50 testing with a bearish reversal signal, you can sell from there. A clear and confirmed breakout of the SMA50 will open buying opoprtunities.

Ethereum

Ethereum follows Bitcoin’s cautious stance, with investors watching macro indicators for direction. Institutional flows provide some resilience, but the market is lacking a decisive catalyst until U.S. data is out and digested.

Ethereum is trading below the SMA50 on the hourly chart, which signals the bearish domination. I would wait for ETH/USD to test the SMA50 and sell if a reversal signal occurs. Also, in case of a breakout with confirmation, I would buy.