Macro Moves & Chart Clues: The Trades to Watch Now

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Softer PPI, Political Pressure & EUR/GBP’s Support Test

Mid‑week trading brought a cocktail of softer U.S. inflation data, political jawboning, and geopolitical tension. The August U.S. Producer Price Index unexpectedly fell 0.1% m/m — the first drop in four months — reinforcing expectations for a Fed rate cut next week. Core PPI also missed forecasts, suggesting businesses are absorbing tariff costs rather than passing them on.

The dollar initially slumped on the data, with losses deepening after President Trump publicly demanded aggressive rate cuts, calling Powell “a total disaster.” While the greenback clawed back some ground into the London close, it still ended weaker against risk‑sensitive currencies like GBP, AUD, and NZD.

On the charts, EUR/GBP is hovering near .8650 — a confluence of psychological support, S1 pivot, and the lower edge of its ascending channel. With the ECB decision and U.K. GDP on deck, this level could decide whether the pair’s uptrend holds or breaks.

⚡Daily Broad Market Recap – September 10, 2025

• Softer U.S. PPI (-0.1% m/m vs. +0.3% expected) cemented 90% odds of a Fed rate cut next week.

• Geopolitical tensions flared as Poland shot down Russian drones and Israel struck Hamas leadership in Doha.

• Gold closed higher at $3,640; U.S. yields fell to multi‑month lows; oil gained on Middle East tensions.

🔥USD Weakened After PPI Surprise & Trump’s Rate Cut Demands

• Headline and core PPI both fell 0.1% m/m in August, missing forecasts.

• Trump’s social media posts amplified USD selling, calling for immediate aggressive cuts.

• USD ended mixed — weaker vs. GBP, AUD, NZD; stronger vs. EUR, CAD, CHF, JPY.

📊 EUR/GBP’s Uptrend Support Near .8650

• Price is testing .8650 support/S1 pivot and the lower edge of its ascending channel.

• A bounce could target .8680 or .8700; a break lower may open .8600 or fresh September lows.

  Explore the EUR/GBP Setup

This issue blends macro catalysts with a clean technical inflection point. Softer U.S. inflation and political pressure on the Fed have tilted rate expectations firmly dovish, while EUR/GBP’s support test offers a clear, catalyst‑driven setup. With the ECB and U.K. GDP in play, the next move could be swift — and decisive.

Happy Trading!

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