Date: October 8, 2026
DXY – Hovers Around 102.40 Awaiting FOMC Minutes
DXY trades around 102.28, hovering at highs. Markets price an 80% chance of the Fed holding rates in October. However, December rate hike expectations remain at 85%. RSI at 69.58, near overbought. Markets await the FOMC meeting minutes.
Key Levels:
- Support: 101.75 – 101.65
- Resistance: 102.54 – 103.00
Outlook: Bullish, caution near overbought.
Gold – Awaits Signal at $4,105
Gold trades around $4,116/oz, edging lower. Pressure from a stronger USD and December Fed rate hike expectations. Markets await the FOMC minutes for further signals. RSI at 41, low-neutral.
Key Levels:
- Support: 4,100 – 4,074
- Resistance: 4,170 – 4,228
Outlook: Range-bound, awaiting FOMC minutes.
WTI Crude – Recovers to $88
WTI trades around $89.26/barrel, recovering slightly. Geopolitical risks in the Middle East remain high. However, supply from the Middle East is recovering. RSI at 47, neutral.
Key Levels:
- Support: 88.50 – 87.00
- Resistance: 90.50 – 91.50
Outlook: Recovering, testing 90.50 resistance.
EUR/USD – Falls to 1.1185
EUR/USD trades around 1.1196, edging lower. A stronger USD and concerns over European debt weigh on the EUR. Positive German industrial production data was ignored. RSI at 22, deeply oversold.
Key Levels:
- Support: 1.1161 – 1.1100
- Resistance: 1.1291 – 1.1300
Outlook: Bearish, deeply oversold territory.
GBP/USD – Falls to 1.3202
GBP/USD trades around 1.3230, edging lower. A stronger USD and concerns over UK inflation weigh on the pound. BoE official Mann warned inflation could reach 4%. RSI at 38, near oversold.
Key Levels:
- Support: 1.3200 – 1.3150
- Resistance: 1.3265 – 1.3323
Outlook: Bearish, awaiting signals.
USD/JPY – Falls to 158.25
USD/JPY trades around 158.33, edging lower. The US-Japan yield differential continues to pressure the Yen. BoJ member Sato supports gradual rate hikes. RSI at 56, neutral.
Key Levels:
- Support: 157.73 – 157.00
- Resistance: 158.90 – 159.04
Outlook: Range-bound, intervention risk.
AUD/USD – Falls to 0.6950
AUD/USD trades around 0.6967, edging lower. Australian consumer sentiment fell for a second consecutive month. Markets await the FOMC minutes. RSI at 36, near oversold.
Key Levels:
- Support: 0.6932 – 0.6900
- Resistance: 0.7000 – 0.7034
Outlook: Bearish, near oversold territory.
ASX200 – Flat Around 8,728
ASX200 closed nearly unchanged at 8,727 points. Utilities and healthcare gained, while tech and financials declined. Markets await the FOMC minutes. RSI at 40, low-neutral.
Key Levels:
- Support: 8,700 – 8,600
- Resistance: 8,800 – 8,850
Outlook: Flat, awaiting signals.
Hang Seng – Falls 0.6% to 24,134
Hang Seng fell 0.6% to 24,134 points. Rising oil prices raised inflation concerns. Chinese markets were closed for holidays. RSI is in low-neutral territory.
Key Levels:
- Support: 23,990 – 23,900
- Resistance: 24,346 – 24,500
Outlook: Bearish, awaiting signals.
Key Events This Week
- Wednesday (07/10): FOMC Meeting Minutes – Fed meeting minutes
- Thursday (08/10): US Initial Jobless Claims – Weekly jobs data
- Friday (09/10): Canadian Job Report – Canada jobs report
- USD: Hovers around 102.40, RSI 69.58
- Gold: Awaits signal at 4,105, RSI 41
- Oil: Recovers to $88, testing 90.50 resistance
- EUR/USD: Falls to 1.1185, RSI 22
- GBP/USD: Falls to 1.3202, RSI 38
- USD/JPY: Falls to 158.25
- AUD/USD: Falls to 0.6950, RSI 36
- ASX200: Flat around 8,728
- Hang Seng: Falls 0.6% to 24,134
