Date: September 16, 2026
DXY – Recovers to 99.70 Ahead of FOMC
DXY trades around 99.66, hitting a 2-week high ahead of the FOMC meeting. Markets expect the Fed to hike rates by 25bp with a 93% probability, up from 60% a week ago. Middle East tensions and AI concerns also support the USD. RSI at 54, neutral.Key Levels:
- Support: 99.13 (200-SMA) – 99.00
- Resistance: 99.73 – 99.86
Gold – Falls to $4,290
Gold trades around $4,290/oz, falling to its lowest in over a month. Pressure from Fed rate hike expectations and high oil prices. Prices are approaching the $4,281 support zone. RSI at 42, weak. Markets await FOMC.Key Levels:
- Support: 4,281 – 4,223
- Resistance: 4,370 – 4,400
WTI Crude – Breaks Above $100
WTI broke above $100/barrel, a 4-month high. Saudi Arabia shut its export pipeline after a drone attack. Houthis attacked Saudi Arabia. Libya suspended operations at two oil fields. RSI at 70, overbought.Key Levels:
- Support: 97.64 – 95.00
- Resistance: 103.00 – 105.00
USD/JPY – Hovers Around 154.90
USD/JPY trades around 154.90, hovering ahead of Friday's BoJ meeting. Markets expect a 25bp BoJ hike. RSI at 38, weak but not oversold.Key Levels:
- Support: 154.00 – 153.37
- Resistance: 157.15 – 158.41
EUR/USD – Falls for 4th Day to 1.1530
EUR/USD trades around 1.1530, falling for a fourth consecutive day. A stronger USD ahead of FOMC weighs on the pair. The ECB hiked rates last week. RSI at 40, weak.Key Levels:
- Support: 1.1533 – 1.1491
- Resistance: 1.1555 – 1.1575
GBP/USD – Hovers Around 1.3470
GBP/USD trades around 1.3470, hovering ahead of Thursday's BoE meeting. The BoE is expected to hold rates. RSI at 43, low-neutral.Key Levels:
- Support: 1.3452 – 1.3443
- Resistance: 1.3556 – 1.3600
AUD/USD – Falls to 0.7120
AUD/USD trades around 0.7130, edging lower as the USD strengthens. China's retail sales data came in weaker than expected. RSI at 47, neutral.Key Levels:
- Support: 0.7080 – 0.7049
- Resistance: 0.7147 – 0.7184
ASX200 – Hits 10-Week Low at 8,673
ASX200 fell 0.9% to 8,673 points, a 10-week low. The 10-year bond yield surged near 5%, pressuring the market. RBA rate hike expectations stand at 85%. RSI at 29-30, near oversold.Key Levels:
- Support: 8,600 – 8,500
- Resistance: 8,800 – 8,900
Shanghai Composite – Falls to 3,875
Shanghai Composite fell 0.3% to 3,875 points, a 1-month low. China's economic data was mixed: fixed investment fell 7.2%, retail sales rose 0.4%. RSI is in low-neutral territory.Key Levels:
- Support: 3,850 – 3,800
- Resistance: 3,900 – 3,920
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
- USD: Recovers to 99.70, awaiting FOMC
- Gold: Falls to 4,290, awaiting FOMC
- Oil: Breaks $100 on Middle East tensions
- USD/JPY: Hovers around 154.90
- EUR/USD: Falls for 4th day to 1.1530
- GBP/USD: Hovers around 1.3470
- AUD/USD: Falls to 0.7120
- ASX200: Hits 10-week low at 8,673
- Shanghai: Falls to 3,875
