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
Outlook: Bearish, testing 98.83 support.
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
Outlook: Neutral, awaiting CPI.
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
Outlook: Strong uptrend, testing $90.
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
Outlook: Bullish, RBA hawkish.
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
Outlook: Neutral, awaiting ECB.
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
Outlook: Recovering, bottoming.
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
Outlook: Sharp decline, intervention risk.
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
Outlook: Correcting, awaiting data.
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
Outlook: Neutral, range-bound.
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
