Thursday 31 August 18:20 UK time.

Today's PCE data came in as forecast, in an ideal world I would have liked to see the number come down, this would have given us a continuation of the 'risk on' soft landing theme. But the as forecast data, combined with lower initial jobless claims has left us in no man's land, especially as it's month end and NFP tomorrow. I can't form a conviction in the direction of the currencies today so my decision is to wait and see if NFP creates a catalyst tomorrow. A high number may create a dollar long, or vice versa.