Date: September 4, 2026
DXY – Corrects from 2-Week High to 99.10
DXY corrected from a 2-week high to 99.10 after the JPY surged on intervention suspicions. Fed officials Williams and Waller delivered dovish remarks, reducing September rate hike expectations from 62% to 50%. Markets await Friday's Nonfarm Payrolls report.Key Levels:
- Support: 99.00 – 98.56
- Resistance: 99.75 – 100.00
Gold – Bounces from 3-Week Low to $4,473
Gold bounced from a 3-week low to $4,473/oz after dovish Fed remarks. Easing rate hike expectations weakened the USD and Treasury yields. Lower-than-expected ADP data also supported gold.Key Levels:
- Support: 4,470 – 4,282
- Resistance: 4,500 – 4,533
WTI Crude – Nearing $90
WTI crude is nearing $90/barrel as US-Iran tensions escalate, threatening shipping through the Strait of Hormuz. OPEC+ is expected to maintain output. EIA reported a 4.5 million barrel crude draw, beating the 1.1 million forecast.Key Levels:
- Support: 88.50 – 85.10
- Resistance: 92.25 – 95.00
AUD/USD – Holds Above 0.7198
AUD/USD traded above 0.7198, supported by positive Australian trade data and improved China services PMI. RBA rate hike expectations continue to support the AUD. RSI near 64, not yet overbought.Key Levels:
- Support: 0.7100 – 0.7078
- Resistance: 0.7200 – 0.7277
EUR/USD – Holds Above 1.1620
EUR/USD held above 1.1620 as the USD weakened. Inflation data from France and Spain remains elevated, reinforcing expectations of further ECB tightening. RSI is in neutral territory.Key Levels:
- Support: 1.1565 – 1.1500
- Resistance: 1.1655 – 1.1700
GBP/USD – Hovers Around 1.3515
GBP/USD hovers around 1.3515. The USD is recovering after new US strikes on Iran. Risk-off sentiment is weighing on Sterling.Key Levels:
- Support: 1.3425 – 1.3357
- Resistance: 1.3521 – 1.3580
USD/JPY – Plunges to 155-156 on Intervention Suspicions
USD/JPY tumbled toward 155-156 amid speculation of Japanese government rate checks and possible intervention. BoJ board member Takata proposed significant or consecutive rate hikes to curb inflation.Key Levels:
- Support: 155.00 – 153.00
- Resistance: 159.28 – 159.98
ASX200 – Recovers to 9,020
ASX200 recovered 0.5% to 9,020 points after 3 consecutive days of decline. Banks led gains with 1-1.9% increases, while energy sectors weakened. Markets expect RBA to raise rates later this month.Key Levels:
- Support: 9,000 – 8,992
- Resistance: 9,081 – 9,200
NZX50 – Falls 0.6% to 13,846
NZX50 fell to 13,846 points after the RBNZ raised rates by 25bps and reaffirmed its commitment to bringing inflation back to target. Technology and consumer stocks led the decline.Key Levels:
- Support: 13,800 – 13,700
- Resistance: 13,937 – 14,000
Key Events This Week
- Friday (04/09): US Nonfarm Payrolls (Aug) – Highlight of the week
- Friday (04/09): US Unemployment Rate (Aug) – High impact
- Friday (04/09): US Average Hourly Earnings (MoM) (Aug) – Wage inflation indicator
- USD: Correcting from 99.65 to 99.10
- Gold: Bounced from 3-week low to $4,473
- Oil: Nearing $90 on Middle East tensions
- AUD/USD: Holds above 0.7198
- EUR/USD: Holds above 1.1620
- GBP/USD: Hovers around 1.3515
- USD/JPY: Plunged to 155-156 on intervention
- ASX200: Recovering, bottoming near 9,000
- NZX50: Bearish, pressure from hawkish RBNZ
