USD Recovers to 99.58, Gold Hovers Around $4,300, Oil Breaks $98, ASX Steadies at 8,750

[RichieVo]

Date: September 15, 2026

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DXY – Recovers to 99.58 Ahead of FOMC​

DXY trades around 99.58, up for a fourth consecutive session ahead of the FOMC meeting. Markets expect the Fed to hike rates by 25bp on Wednesday with an 86% probability. August CPI held at 3.4%, but core CPI rose 0.3% – higher than expected. RSI at 54, neutral.

Key Levels:​

• Support: 99.13 (200-SMA) – 99.00
• Resistance: 99.86 – 100.00

Outlook: Bullish, testing 100 resistance.

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Gold – Hovers Around $4,300​

Gold trades around $4,290/oz, hovering after three consecutive weeks of decline. Pressure from Fed rate hike expectations and high oil prices. However, prices remain above the $4,281 support. RSI at 60, neutral. Markets await FOMC.

Key Levels:​

• Support: 4,281 – 4,230
• Resistance: 4,380 – 4,400

Outlook: Range-bound, awaiting FOMC.

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WTI Crude – Breaks Above $98 on Escalating Tensions​

WTI trades around $98.50/barrel, up over 2% on escalating Middle East tensions. Houthis attacked Saudi oil infrastructure. Saudi Arabia shut the East-West pipeline. The IEA reported Saudi oil supply fell to a 30-year low.

Key Levels:​

• Support: 96.52 – 90.00
• Resistance: 100.00 – 100.85

Outlook: Bullish, geopolitical risks.

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USD/JPY – Hovers Around 154.50​

USD/JPY trades around 154.35, hovering ahead of Thursday's BoJ meeting. Markets expect a 25bp BoJ hike. RSI at 35, weak but not oversold.

Key Levels:​

• Support: 153.00 – 152.89
• Resistance: 155.02 – 157.40

Outlook: Range-bound, awaiting BoJ.

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EUR/USD – Hovers Around 1.1538​

EUR/USD trades around 1.1538, near its lowest since mid-August. A stronger USD ahead of FOMC weighs on the pair. The ECB hiked rates last week and may hike again. RSI at 48, neutral.

Key Levels:​

• Support: 1.1530 – 1.1500
• Resistance: 1.1607 – 1.1654

Outlook: Neutral, awaiting FOMC.

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GBP/USD – Hovers Around 1.3490​

GBP/USD trades around 1.3490, hovering ahead of Thursday's BoE meeting. The BoE is expected to hold rates. RSI at 46, neutral.

Key Levels:​

• Support: 1.3468 – 1.3420
• Resistance: 1.3559 – 1.3575

Outlook: Neutral, awaiting BoE.

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AUD/USD – Edges Lower to 0.7130​

AUD/USD trades around 0.7130, edging lower as the USD strengthens. However, a hawkish RBA could support the AUD. RSI at 48, neutral.

Key Levels:​

• Support: 0.7100 – 0.7096
• Resistance: 0.7188 – 0.7236

Outlook: Range-bound, awaiting data.

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ASX200 – Steadies at 8,750​

ASX200 edged up to 8,750 points, stabilizing after four days of decline. Consumer and services sectors gained, while healthcare and mining declined. Markets await China data and FOMC.

Key Levels:​

• Support: 8,733 – 8,700
• Resistance: 8,800 – 8,855

Outlook: Stabilizing, awaiting data.

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Nikkei 225 – Falls 0.81% to 63,493​

Nikkei 225 fell 0.81% to 63,493 points, a 6-week low. AI and semiconductor stocks fell sharply on AI safety concerns. SoftBank dropped 10.72%. RSI is in low-neutral territory.

Key Levels:​

• Support: 62,726 – 62,000
• Resistance: 63,691 – 64,581

Outlook: Bearish, pressure from tech sector.

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Key Events This Week​

• Wednesday (16/09): FOMC Rate Decision – Expected 25bp hike
• Thursday (17/09): BoE Rate Decision – Expected to hold
• Friday (18/09): BoJ Rate Decision – Expected 25bp hike

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• USD: Recovers to 99.58, awaiting FOMC
• Gold: Hovers around 4,290, awaiting FOMC
• Oil: Breaks $98 on Middle East tensions
• USD/JPY: Hovers around 154.50
• EUR/USD: Hovers around 1.1538
• GBP/USD: Hovers around 1.3490
• AUD/USD: Edges lower to 0.7130
• ASX200: Steadies at 8,750
• Nikkei 225: Falls 0.81% to 63,493

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