USD Hovers Around 98.70, JPY Hits 7-Month High, Oil Nears $95, Gold Awaits US CPI

[RichieVo]

Date: September 10, 2026

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DXY – Hovers Around 98.70 Awaiting US CPI​

DXY trades around 98.70, hovering as markets await US PPI and CPI data. The 10-year Treasury yield at 4.804% pressures the USD. September rate hike expectations stand at 60%. RSI at 42 suggests downside pressure remains.

Key Levels:​

• Support: 98.72 – 98.56
• Resistance: 99.00 – 99.22

Outlook: Bearish, testing 98.56 support.

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Gold – Awaits US CPI​

Gold trades around $4,400/oz, declining for a third consecutive day ahead of US CPI data. RSI has dropped below 50, indicating further downside potential. Price is approaching the psychological support at $4,400.

Key Levels:​

• Support: 4,300 – 4,282
• Resistance: 4,450 – 4,500

Outlook: Bearish, testing 4,300 support.

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WTI Crude – Nears $95​

WTI trades around $94/barrel, a 6-week high on escalating Middle East tensions. Houthis attacked Saudi oil infrastructure. Goldman Sachs and HSBC raised oil price forecasts.

Key Levels:​

• Support: 90.00 – 89.00
• Resistance: 94.86 – 96.00

Outlook: Strong uptrend, geopolitical risks.

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AUD/USD – Heading Toward 4-Month High​

AUD/USD trades around 0.7220, heading toward a 4-month high. RBA Deputy Governor Hauser said the board will discuss a rate hike at the September meeting. Markets price a 74% chance of an RBA hike.

Key Levels:​

• Support: 0.7190 – 0.7051
• Resistance: 0.7264 – 0.7300

Outlook: Bullish, RBA hawkish.

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EUR/USD – Awaits ECB Decision​

EUR/USD trades around 1.1622, awaiting the ECB rate decision. Markets expect a 25bp ECB hike. European gas prices surged to their highest since late 2022 amid Middle East tensions.

Key Levels:​

• Support: 1.1600 – 1.1538
• Resistance: 1.1705 – 1.1711

Outlook: Neutral, awaiting ECB.

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GBP/USD – Recovers to 1.3540​

GBP/USD recovered to 1.3540 following Chancellor Healey's growth-boosting measures. Markets await Friday's UK GDP report. The BoE is expected to hold rates at 3.75%.

Key Levels:​

• Support: 1.3500 – 1.3463
• Resistance: 1.3561 – 1.3660

Outlook: Recovering, awaiting GDP.

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USD/JPY – Hits 7-Month High​

USD/JPY trades around 153.70, near a 7-month low. US Treasury Secretary Bessent warned against shorting the JPY. The BoJ is expected to hike rates next week. RSI is in oversold territory.

Key Levels:​

• Support: 153.00 – 152.10
• Resistance: 154.42 – 155.00

Outlook: Sharp decline, BoJ hawkish.

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ASX200 – Drops to 8,911​

ASX200 fell 0.1% to 8,911 points, a 6-week low. Pressure from high oil prices and global inflation concerns. Healthcare and financials declined, while energy and materials gained.

Key Levels:​

• Support: 8,880 – 8,860
• Resistance: 8,960 – 8,980

Outlook: Bearish, testing 8,880 support.

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Hang Seng – Hovers Around 25,275​

Hang Seng fell 0.2% to 25,275 points. Markets cautious amid Middle East tensions and rising oil prices. Tech and consumer sectors declined, while base metals and utilities gained.

Key Levels:​

• Support: 25,200 – 25,000
• Resistance: 25,400 – 25,430

Outlook: Neutral, awaiting data.

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Key Events This Week​

• Thursday (10/09): ECB Rate Decision – Expected 25bp hike
• Thursday (10/09): US CPI (Aug) – Highlight of the week
• Friday (11/09): UK GDP (Jul) – UK economic growth
• Friday (11/09): US Michigan Consumer Sentiment (Sep) – Consumer sentiment

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• USD: Hovers around 98.70, awaiting CPI
• Gold: Awaits CPI, testing 4,300 support
• Oil: Nears $95 on Middle East tensions
• AUD/USD: Heading toward 4-month high
• EUR/USD: Neutral, awaiting ECB
• GBP/USD: Recovers to 1.3540
• USD/JPY: Hits 7-month high
• ASX200: Drops to 8,911
• Hang Seng: Hovers around 25,275

Trade with caution. Use BCR's Economic Calendar to stay updated.