Date: September 7, 2026
DXY – Weakens to 99.00 After Dovish Fed Remarks
DXY trades around 99.00, near its 2-week low after Fed officials Waller and Williams delivered dovish remarks. September rate hike expectations fell from 63% to 50%. Markets await August CPI data for further direction.Key Levels:
- Support: 98.83 – 98.56
- Resistance: 99.37 – 99.86
Gold – Hovers Around $4,430
Gold trades around $4,430/oz, hovering after stronger-than-expected August NFP initially pressured prices before a recovery. Gold bounced from $4,365 lows back above $4,430. RSI has returned above 50. Markets await US CPI data.Key Levels:
- Support: 4,365 – 4,354
- Resistance: 4,510 – 4,600
WTI Crude – Nearing $90 on Middle East Tensions
WTI trades around $89.30/barrel, up over 7% for the week. US-Iran tensions continue to escalate. The EU has formally joined US-led sanctions against Iran. OPEC+ maintains production policy.Key Levels:
- Support: 88.50 – 85.10
- Resistance: 90.95 – 92.25
AUD/USD – Breaks 0.7200 to 4-Month High
AUD/USD broke above 0.7200, reaching a 4-month high. Stronger-than-expected Australian GDP and rising RBA rate hike expectations (now 58%) support the pair. A weak USD also provides tailwinds.Key Levels:
- Support: 0.7100 – 0.7078
- Resistance: 0.7264 – 0.7300
EUR/USD – Hovers Around 1.1608
EUR/USD trades around 1.1608. Markets expect a 25bp ECB rate hike on September 10. Inflation data from France and Spain remain elevated. RSI is in neutral territory.Key Levels:
- Support: 1.1564 – 1.1500
- Resistance: 1.1634 – 1.1650
GBP/USD – Recovers to 1.3508
GBP/USD recovered to 1.3508. BoE Chief Economist Pill proposed raising rates early. Markets fully expect a BoE rate hike by year-end.Key Levels:
- Support: 1.3470 – 1.3425
- Resistance: 1.3580 – 1.3620
USD/JPY – Plunges to 155.29
USD/JPY plunged to 155.29, posting its best weekly gain since July following intervention. Hawkish BoJ remarks have reinforced expectations of a September rate hike. Markets expect a 25bp BoJ hike in September and another in December.Key Levels:
- Support: 155.00 – 153.00
- Resistance: 158.00 – 160.00
ASX200 – Corrects to 9,006
ASX200 fell to 9,006 points. Stronger-than-expected Australian GDP raised concerns over RBA rate hikes. Materials and energy sectors declined. Markets await China CPI and PPI data.Key Levels:
- Support: 8,992 – 8,900
- Resistance: 9,081 – 9,200
Dow Jones – Hovers Around 53,500
Dow Jones hovers around 53,500 points. US stocks were mixed. Tech and financials led gains, while consumer and healthcare sectors declined. Markets await US CPI data.Key Levels:
- Support: 52,700 – 52,800
- Resistance: 53,600 – 53,750
Key Events This Week
- Wednesday (09/09): US CPI (Aug) – Highlight of the week
- Thursday (10/09): ECB Rate Decision – Expected 25bp hike
- Friday (11/09): US PPI (Aug) – Producer inflation
- Friday (11/09): US Michigan Consumer Sentiment (Sep) – Consumer sentiment
- USD: Weakens to 99.00
- Gold: Hovers around 4,430, awaiting CPI
- Oil: Nearing $90 on Middle East tensions
- AUD/USD: Breaks 0.7200, RBA hawkish
- EUR/USD: Neutral, awaiting ECB
- GBP/USD: Recovers to 1.3508
- USD/JPY: Plunges to 155.29
- ASX200: Corrects to 9,006
- Dow Jones: Hovers around 53,500
