INFO
MARKET MEDIA2026-09-15
OPEN SOURCECHANNELFOREX.com
Fed, USD Majors, Gold, Oil, Bitcoin, Equities Weekly Technical Outlook w/ Michael Boutros: 9/14/2026
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Fed, USD Majors, Gold, Oil, Bitcoin, Equities Weekly Technical Outlook w/ Michael Boutros: 9/14/2026
Michael Boutros notes the significance of this week due to the upcoming FOMC rate decision and key employment data from the UK.
FULL
00:00–05:00
- Michael Boutros notes the significance of this week due to the upcoming FOMC rate decision and key employment data from the UK.
- Interest rate expectations are shifting the markets, particularly impacting the US dollar and other major currencies.
- The US dollar (DXY) is focused on the 50% retracement level at 9867, which serves as a key support level.
- A near-term breakout is observed, with the importance of clearing the 100.15 to 100.42 region to validate a more significant low.
- The DXY has tested the 9868-9869 support level multiple times, which remains critical.
- Our interpretation: The current market dynamics are likely to be influenced by the Fed's decisions and broader economic indicators, potentially leading to increased volatility in major currency pairs.
INSTRUMENTS
USDCAD
The block discusses the US dollar's performance and its relationship with other major currencies.
USDCHF
The analysis of the US dollar's movements suggests impacts on its value against the Swiss franc.
USDJPY
The block highlights the US dollar's technical levels, which are relevant for its performance against the Japanese yen.
AUDUSD
The analysis of the US dollar's performance is relevant for the Australian dollar as well. Also: The block discusses the upcoming FOMC rate decision and its impact on the US dollar.
EURUSD
The block discusses the US dollar's strength, which is relevant for the euro-dollar pair. Also: The block discusses the upcoming FOMC rate decision and its impact on the US dollar.
GBPUSD
The mention of UK employment data suggests potential impacts on the GBP/USD exchange rate. Also: The block discusses the upcoming FOMC rate decision and its impact on the US dollar. Also: Key employment data from the UK is mentioned, indicating potential impacts on the British pound.
NZDUSD
The block's focus on the US dollar's movements is relevant for the New Zealand dollar. Also: The block discusses the upcoming FOMC rate decision and its impact on the US dollar.
EURGBP
Key employment data from the UK is mentioned, indicating potential impacts on the British pound.
GBPJPY
Key employment data from the UK is mentioned, indicating potential impacts on the British pound.
FULL
05:00–10:00
- The US dollar is experiencing a rally attributed to a significant shift in Fed funds futures expectations following the CPI print, which now indicates a strong likelihood of a 25 basis point rate hike this week.
- Expectations for two rate hikes before the end of the year have surged to nearly 70%, driven by rising inflation and escalating oil prices, which are contributing to inflationary pressures.
- A break above the 9980 level in the DXY would confirm an upside bias, suggesting a potential late-month high, as this level represents a critical resistance point.
- Initial support for the DXY is positioned near 9941, coinciding with the 200-day moving average, indicating that losses should be contained within this range.
- The current market dynamics reflect a strong correlation between rising energy prices and inflation expectations, which are influencing the Fed's monetary policy outlook.
FULL
10:00–15:00
- The interest rate decision this month is only part of the market movement, as the updated Summary of Economic Projections (SCP) will provide insights into growth, inflation, and employment expectations.
- The DXY is nearing significant resistance at downtrend resistance around 9986, while the Euro is testing near-term uptrend support.
- A break below 15.63 in the Euro could trigger a larger decline, with the first major lateral support level identified at 14.72.
- Current market conditions indicate that the Euro is slipping below critical support levels, suggesting potential for further weakness.
- Although the Euro's break below 15.63 has not yet been confirmed due to the absence of a weekly close, it is currently under pressure from a near-term downtrend.
- Our interpretation: The upcoming interest rate decision and the SCP release are likely to induce volatility in FX markets, particularly impacting the Euro and DXY. A breach of 15.63 in the Euro could reflect a shift in market sentiment, increasing downward pressure on the Euro against the USD, while the DXY's resistance at 9986 may influence the dollar's near-term strength.
INSTRUMENTS
EURUSD
The block directly analyzes the EUR/USD pair and its technical levels.
AUDUSD
The block discusses the Fed's interest rate decision and its implications for the USD.
EURGBP
The block analyzes the Euro's technical levels and potential weakness.
EURJPY
The block analyzes the Euro's technical levels and potential weakness.
GBPUSD
The block discusses the Fed's interest rate decision and its implications for the USD.
NZDUSD
The block discusses the Fed's interest rate decision and its implications for the USD.
USDCAD
The block discusses the USD's strength, which can indirectly affect USD/CAD. Also: The block discusses the Fed's interest rate decision and its implications for the USD.
USDCHF
The block's focus on the USD's strength can also impact USD/CHF. Also: The block discusses the Fed's interest rate decision and its implications for the USD.
USDJPY
The block's analysis of the USD's potential strength can impact USD/JPY. Also: The block discusses the Fed's interest rate decision and its implications for the USD.
FULL
15:00–20:00
- Initial resistance for the euro is identified at 1578, with bearish invalidation set below 1509, indicating potential downside pressure if breached.
- Diesel prices have surged past $6.20, which is anticipated to significantly elevate consumer prices due to increased transportation costs, thereby contributing to broader inflationary pressures.
- The UK is preparing for a BOE rate decision, with expectations for the unemployment rate to rise to 5% and inflation to increase to 3.1%, reflecting growing economic concerns.
- The British pound is currently testing the objective yearly open at 3474, with critical support levels positioned around 3465, suggesting a pivotal moment for the currency.
- A break below the 200-day moving average near 3453 for the British pound could trigger tests of uptrend support below 34, indicating a potential shift in market sentiment.
- Our interpretation: The interplay between rising diesel prices and anticipated central bank decisions is likely to heighten inflationary concerns, influencing both the GBP/sterling-rate channel and broader market dynamics.
INSTRUMENTS
GBPUSD
The GBP/USD pair is directly analyzed in the context of the UK economic outlook and BOE decisions.
EURGBP
The block discusses the UK economy and the upcoming BOE rate decision, which directly impacts the GBP.
GBPJPY
The GBP's performance against the JPY is relevant given the discussion of UK economic conditions. Also: The block discusses the UK economy and the upcoming BOE rate decision, which directly impacts the GBP.
AUDUSD
The block mentions the FOMC and its potential impact on the US dollar, indicating a connection to USD.
EURUSD
The block discusses the euro in relation to the broader market dynamics, which can influence EUR/USD. Also: The block mentions the FOMC and its potential impact on the US dollar, indicating a connection to USD.
NZDUSD
The block mentions the FOMC and its potential impact on the US dollar, indicating a connection to USD.
USDCAD
The discussion of rising oil prices can influence CAD, which is relevant for the USD/CAD pair. Also: The block mentions the FOMC and its potential impact on the US dollar, indicating a connection to USD.
USDCHF
The block's focus on inflation and monetary policy can indirectly influence the USD/CHF pair. Also: The block mentions the FOMC and its potential impact on the US dollar, indicating a connection to USD.
USDJPY
The block mentions the FOMC and its potential impact on the US dollar, indicating a connection to USD.
FULL
20:00–25:00
- The British pound is currently testing a critical support zone between 3465 and 3474, which includes the February low day close and the yearly open.
- Initial resistance for the British pound is identified at 3558, corresponding to the July high and the opening range highs for the month.
- A downside break below the support zone could lead to a test of the 50% retracement level of the rally off the yearly low, specifically at 34.
- Upcoming economic events, including employment data, CPI, and the BoE rate decision, are expected to significantly impact the British pound's direction.
- The current trend for the British pound is weighted to the downside, while still remaining within an uptrend from June, indicating a complex market dynamic.
- Our interpretation: The British pound's testing of critical support levels, combined with significant upcoming economic data releases, suggests potential for increased volatility. A break below the support zone could trigger a larger decline, impacting the GBP/USD exchange rate and possibly leading to a reassessment of monetary policy expectations by the BoE.
INSTRUMENTS
GBPUSD
The block directly analyzes the GBP/USD exchange rate in the context of support levels and economic events.
EURGBP
The block discusses the British pound's critical support levels and upcoming economic events.
GBPJPY
The block discusses the British pound's critical support levels and upcoming economic events.
AUDUSD
The discussion of the Fed's influence on the GBP/USD exchange rate implies a connection to USD.
EURUSD
The discussion of the Fed's influence on the GBP/USD exchange rate implies a connection to USD.
NZDUSD
The discussion of the Fed's influence on the GBP/USD exchange rate implies a connection to USD.
USDCAD
The discussion of the Fed's influence on the GBP/USD exchange rate implies a connection to USD.
USDCHF
The discussion of the Fed's influence on the GBP/USD exchange rate implies a connection to USD.
USDJPY
The discussion of the Fed's influence on the GBP/USD exchange rate implies a connection to USD.
FULL
25:00–30:00
- The momentum barrier for the Australian dollar is currently struggling near 60, suggesting a potential risk of a deeper decline if the price breaks below the support zone.
- The Australian dollar has failed to break above the key levels of 72.13 and 72.08, despite two daily closes above these levels by just a few pips.
- A break below 71.20 for the Australian dollar could lead to a test of the next major pivot zone between 70.80 and 70.83, which includes significant swing lows from the past four months.
- While the Australian dollar remains below the objective monthly open at 71.65, there is an increased risk for a larger pullback, with the 100% extension off last month's highs being a critical level to monitor.
- Our interpretation: The Australian dollar's inability to maintain momentum above key resistance levels, combined with the risk of breaking below critical support, suggests potential for increased volatility and a larger corrective move in the near term.
INSTRUMENTS
AUDUSD
The block directly analyzes the Australian dollar's performance against the US dollar.
EURUSD
The block's analysis of the Australian dollar is relevant to USD due to the AUD/USD pair.
GBPUSD
The block's analysis of the Australian dollar is relevant to USD due to the AUD/USD pair.
NZDUSD
The block's analysis of the Australian dollar is relevant to USD due to the AUD/USD pair.
USDCAD
The block's analysis of the Australian dollar is relevant to USD due to the AUD/USD pair.
USDCHF
The block's analysis of the Australian dollar is relevant to USD due to the AUD/USD pair.
USDJPY
The block's analysis of the Australian dollar is relevant to USD due to the AUD/USD pair.
FULL
30:00–35:00
- The DXY is currently strong, influenced by both rising oil prices and the upcoming FOMC meeting on September 16th.
- Market expectations for a rate hike have shifted, with an 88% chance now solidified, contributing to the dollar's strength.
- Yields are elevated, with the 10-year and 30-year Treasury bonds reaching fresh yearly highs, indicating rising inflationary concerns.
- Key support levels for dollar CAD are around 3725 and 3730, which have been tested multiple times over the past weeks.
- A break above 3955 in dollar CAD is necessary to suggest a more significant low has been registered and to potentially resume the yearly uptrend.
- Our interpretation: The combination of strong dollar momentum, elevated yields, and critical resistance levels in dollar CAD suggests potential for increased volatility and a pivotal shift in market dynamics.
INSTRUMENTS
USDCAD
The block directly analyzes USD/CAD and its critical resistance levels.
AUDUSD
The block discusses the Fed's upcoming rate hike and its impact on the dollar.
EURUSD
The block discusses the Fed's upcoming rate hike and its impact on the dollar.
GBPUSD
The block discusses the Fed's upcoming rate hike and its impact on the dollar.
NZDUSD
The block discusses the Fed's upcoming rate hike and its impact on the dollar.
USDCHF
The block discusses the Fed's upcoming rate hike and its impact on the dollar.
USDJPY
The block discusses the Fed's upcoming rate hike and its impact on the dollar.
WTICOUSD
The block mentions rising oil prices influencing the dollar's strength.
XAUUSD
The block discusses the dollar's strength, which inversely affects gold prices.
FULL
35:00–40:00
- The recent employment report was weak, and CPI risks are restraining demand in Canada.
- Canada's inflation report met expectations, showing a slight uptick in core inflation.
- Despite typically supportive higher oil prices, CAD weakness has not persisted for a second consecutive week.
- A breakout from a downtrend in dollar CAD suggests potential for a larger recovery if resistance at 3955 is breached.
- Initial resistance for dollar CAD is at 3990, with a significant level at 4051 for the 618 retracement.
- If the monthly open support at 3855 holds, it would maintain a constructive outlook for dollar CAD.
- Our interpretation: The current dynamics indicate that a sustained break above 3955 could signal a shift in the dollar CAD trend, influenced by broader inflationary concerns and market reactions to upcoming economic data.
INSTRUMENTS
USDCAD
The block directly analyzes the USD/CAD pair and its resistance levels.
AUDUSD
The discussion of CAD dynamics can indirectly influence AUD/USD through commodity price correlations. Also: The discussion of the employment report and CPI risks in Canada suggests a broader impact on USD as well.
EURUSD
The discussion of the employment report and CPI risks in Canada suggests a broader impact on USD as well.
GBPUSD
The discussion of the employment report and CPI risks in Canada suggests a broader impact on USD as well.
NZDUSD
Similar to AUD, NZD can be influenced by commodity price movements linked to CAD. Also: The discussion of the employment report and CPI risks in Canada suggests a broader impact on USD as well.
USDCHF
The discussion of the employment report and CPI risks in Canada suggests a broader impact on USD as well.
USDJPY
The discussion of the employment report and CPI risks in Canada suggests a broader impact on USD as well.
FULL
40:00–45:00
- Dollar yen is currently testing resistance near the 54.78 to 55 level, which includes the objective May low.
- The four-hour chart indicates that after pivoting above a slope, dollar yen is now approaching key resistance levels.
- If dollar yen breaks through the median line, the next lateral level to watch is the 61.8% retracement of the yearly range at 56.63.
- The commentary from BOJ officials suggests that while a 25 basis point hike is expected, the market has largely priced this in, making the commentary critical for future movements.
- Caution is advised regarding potential upside in dollar yen, as current dollar strength is a significant driver of market dynamics.
- Our interpretation: A sustained break above the 55 level could indicate a shift in dollar yen's trend, influenced by market reactions to BOJ commentary and broader dollar strength.
INSTRUMENTS
USDJPY
The block directly analyzes the USD/JPY exchange rate and its resistance levels.
AUDUSD
The block discusses the US dollar's strength and its relationship with the Bank of Japan's monetary policy.
EURJPY
The block directly discusses the dollar-yen exchange rate and the Bank of Japan's expected rate hike.
EURUSD
The block discusses the US dollar's strength and its relationship with the Bank of Japan's monetary policy.
GBPJPY
The block directly discusses the dollar-yen exchange rate and the Bank of Japan's expected rate hike.
GBPUSD
The block discusses the US dollar's strength and its relationship with the Bank of Japan's monetary policy.
NZDUSD
The block discusses the US dollar's strength and its relationship with the Bank of Japan's monetary policy.
USDCAD
The block discusses the US dollar's strength and its relationship with the Bank of Japan's monetary policy.
USDCHF
The block discusses the US dollar's strength and its relationship with the Bank of Japan's monetary policy.
FULL
45:00–50:00
- The dollar Swiss has cleared the 81 to 81.24 level, indicating a potential breakout of the monthly opening range.
- Resistance is currently approached at 82 to 82.14, identified as the objective yearly high.
- Initial support for dollar Swiss is at 81.52, with a breach above 82.14 necessary to validate the next upward move.
- If the bullish invalidation level at 81 is breached, it would indicate a bearish scenario.
- In the gold market, a significant level is attempting to break, focusing on the 50% retracement level of 4682.
- Current trading below the yearly open without a confirmed weekly close above the key zone suggests potential downside risk for gold.
- Our interpretation: The recent movements in dollar Swiss and gold reflect the influence of dollar strength and central bank policies, where breaches of key levels could lead to notable shifts in FX rates and commodity prices.
INSTRUMENTS
USDCHF
The block directly analyzes the USD/CHF pair and its breakout levels.
AUDUSD
The block discusses the US dollar's strength and its relationship with central bank policies.
EURUSD
The block discusses the US dollar's strength and its relationship with central bank policies.
GBPUSD
The block discusses the US dollar's strength and its relationship with central bank policies.
NZDUSD
The block discusses the US dollar's strength and its relationship with central bank policies.
USDCAD
The block discusses the US dollar's strength and its relationship with central bank policies.
USDJPY
The block discusses the US dollar's strength and its relationship with central bank policies.
XAUUSD
The block discusses significant levels in the gold market, indicating potential downside risk.
FULL
50:00–55:00
- The speaker emphasizes that support and resistance levels are crucial, with the average true range (ATR) serving only as a reference for assessing their viability.
- A support target 400 pips away with an ATR of 30 pips suggests a longer timeframe for reaching that target, potentially extending to a week.
- If support breaks, it takes precedence over the ATR, underscoring the significance of basic support and resistance in trading decisions.
- In the oil market, a major pipeline disruption in Saudi Arabia is contributing to supply issues and rising prices.
- The ongoing destruction of supply chains in oil is likely to prolong current market conditions and complicate recovery efforts.
- A breach of uptrend resistance in oil could trigger a sharp rally, with a topside breach of 98.28 exposing levels around 109.67.
- Our interpretation: The persistent supply constraints in oil, intensified by geopolitical tensions, are expected to elevate inflation expectations, potentially prompting central banks to adjust their rate policies, which could impact the USD and broader currency markets.
INSTRUMENTS
USDCAD
The block discusses the impact of oil prices on the Canadian economy, which is relevant for the USDCAD pair.
USDCHF
The Fed's potential policy adjustments can influence the USD against the CHF.
AUDUSD
The block discusses the Fed's potential adjustments to rate policies due to inflation expectations.
EURUSD
The block discusses the Fed's potential adjustments to rate policies due to inflation expectations.
GBPUSD
The block discusses the Fed's potential adjustments to rate policies due to inflation expectations.
NZDUSD
The block discusses the Fed's potential adjustments to rate policies due to inflation expectations.
USDJPY
The block discusses the Fed's potential adjustments to rate policies due to inflation expectations.
WTICOUSD
The block highlights supply issues in oil, which directly impacts WTI prices.
XAUUSD
The block discusses rising inflation expectations which can drive demand for gold as a safe haven.
FULL
55:00–60:00
- Bitcoin's support level at 74,434 must hold to avoid a larger setback potential towards 70,000.
- The monthly opening range for Bitcoin is preserved right below resistance, indicating a potential breakout.
- There is a heavy buildup of shorts on the Aussie CAD, suggesting that a break above 99.93 could lead to a significant rally as shorts are cleared out.
- The S&P 500 is currently responding to uptrend resistance while holding major support at 7577, which was the high close for May.
- The Dow is at the most risk for a larger setback after breaking its near-term uptrend, with a potential target of 51,049 based on the yearly range.
- Our interpretation: If Bitcoin fails to maintain its support level, it could trigger a broader risk-off sentiment, impacting cryptocurrencies and equities as investors reassess their risk exposure ahead of key economic data releases.
INSTRUMENTS
BTCUSD
Bitcoin's support levels and potential breakout are directly discussed.
AUDUSD
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
EURUSD
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
GBPUSD
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
NZDUSD
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
USDCAD
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
USDCHF
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
USDJPY
The block discusses the Fed's upcoming rate decision, which directly impacts the USD.
INFO
MARKET MEDIA2026-09-15
OPEN SOURCECHANNELFOREX.com
Forex & Crude Oil Technical Analysis: USD/JPY, EUR/USD, EUR/GBP
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Forex & Crude Oil Technical Analysis: USD/JPY, EUR/USD, EUR/GBP
The Federal Reserve is anticipated to raise rates by 25 basis points, with market focus on the hawkishness of their guidance regarding future hikes.
FULL
00:00–05:00
- The Federal Reserve is anticipated to raise rates by 25 basis points, with market focus on the hawkishness of their guidance regarding future hikes.
- A hawkish message from the Fed could enable the US dollar to extend its recent gains, while a dovish message may result in a pullback.
- The speaker identifies a significant top correction in the US dollar, suggesting potential declines towards levels just below 96.
- The EUR/USD has exhibited a rising wedge formation, with prices rolling over and exceeding projected targets, indicating a bearish outlook.
- The EUR/GBP has experienced a bearish triangle breakout, with momentum shifting lower, suggesting continued price declines in the near term.
- Our interpretation: The upcoming Fed meeting is crucial, as a hawkish stance could bolster the US dollar, influencing FX markets and potentially leading to a repricing of risk assets, while a dovish outcome may trigger a decline in the dollar, affecting commodities and equities through inflation expectations.
INSTRUMENTS
EURUSD
The block directly analyzes the EUR/USD pair, indicating its relevance to the discussion.
USDJPY
The discussion of the US dollar's strength implies relevance for USD/JPY.
AUDUSD
The block discusses the Federal Reserve's anticipated rate hike, which directly impacts the US dollar.
GBPUSD
The block discusses the Federal Reserve's anticipated rate hike, which directly impacts the US dollar. Also: The mention of EUR/GBP's bearish breakout suggests implications for the British pound.
NZDUSD
The block discusses the Federal Reserve's anticipated rate hike, which directly impacts the US dollar.
USDCAD
The block discusses the Federal Reserve's anticipated rate hike, which directly impacts the US dollar.
USDCHF
The block discusses the Federal Reserve's anticipated rate hike, which directly impacts the US dollar.
EURGBP
The bearish triangle breakout in EUR/GBP indicates a significant market shift. Also: The analysis of EUR/USD indicates a bearish outlook, suggesting potential impacts on the euro. Also: The mention of EUR/GBP's bearish breakout suggests implications for the British pound.
EURJPY
The analysis of EUR/USD indicates a bearish outlook, suggesting potential impacts on the euro.
GBPJPY
The mention of EUR/GBP's bearish breakout suggests implications for the British pound.
FULL
05:00–10:00
- Resistance is noted around the 105 area for USD/JPY, with bearish candles and an overbought RSI 14 suggesting that bulls may need to exercise caution.
- A potential pullback towards the 10-20 day averages, near the monthly S2 pivot point, could offer a more favorable entry for bulls considering long positions.
- Netline exposure among larger speculators is increasing, indicating a rise in bullish bets in the market, despite a slight uptick in short positions.
- For a significant pullback in crude oil prices to occur, the speaker indicates that tensions between the US and Iran must diminish, which currently appears unlikely.
- Our interpretation: The current market dynamics suggest that while bullish sentiment is rising in the USD/JPY and crude oil markets, geopolitical tensions and overbought conditions may necessitate a reassessment of long positions, particularly as they relate to USD liquidity and potential shifts in monetary policy.
INSTRUMENTS
USDJPY
The block provides a detailed analysis of the USD/JPY pair.
AUDUSD
The block discusses the US dollar's trajectory and its relation to monetary policy.
EURJPY
The block directly analyzes USD/JPY, indicating a strong connection to the Japanese yen.
EURUSD
The block discusses the US dollar's trajectory and its relation to monetary policy.
GBPJPY
The block directly analyzes USD/JPY, indicating a strong connection to the Japanese yen.
GBPUSD
The block discusses the US dollar's trajectory and its relation to monetary policy.
NZDUSD
The block discusses the US dollar's trajectory and its relation to monetary policy.
USDCAD
The block discusses the US dollar's trajectory and its relation to monetary policy.
USDCHF
The block discusses the US dollar's trajectory and its relation to monetary policy.
INFO
MARKET MEDIA2026-09-14
OPEN SOURCECHANNELFOREX.com
US Dollar Bulls Charge Ahead of FOMC | Opening Bell with Michael Boutros | 9/14/2026
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US Dollar Bulls Charge Ahead of FOMC | Opening Bell with Michael Boutros | 9/14/2026
The US Dollar (DXY) gained 0.5% at the start of the week, indicating strength as markets fully price in an interest rate hike on Wednesday.
FULL
00:00–05:00
- The US Dollar (DXY) gained 0.5% at the start of the week, indicating strength as markets fully price in an interest rate hike on Wednesday.
- Interest rate expectations have shifted significantly, with markets now pricing in an 88% chance of a rate hike following the recent CPI print.
- The December expectation for another 25 basis point hike is now above 70%, suggesting a potential total of 50 basis points by the end of the year.
- Concerns are rising regarding oil prices due to an escalation in the Middle East, particularly after a major Saudi Arabian pipeline was hit, which could lead to supply issues.
- The DXY is approaching a significant resistance level at 99.89, which is critical for confirming a larger trend reversal.
- The euro is attempting to break its uptrend from late July, with a confirmed slope break noted after Friday's close below the monthly open.
- Our interpretation: The current strength of the US Dollar and the anticipated rate hikes may lead to increased volatility in currency markets, particularly affecting the euro and commodity prices.
INSTRUMENTS
USDCAD
The block discusses the strength of the US Dollar, which directly impacts USD pairs.
EURUSD
The euro's market behavior is discussed, indicating potential impacts on EURUSD.
AUDUSD
The strength of the US Dollar impacts all USD pairs, including AUDUSD. Also: The block discusses the strength of the US Dollar and interest rate expectations.
GBPUSD
The strength of the US Dollar impacts all USD pairs, including GBPUSD. Also: The block discusses the strength of the US Dollar and interest rate expectations.
NZDUSD
The strength of the US Dollar impacts all USD pairs, including NZDUSD. Also: The block discusses the strength of the US Dollar and interest rate expectations.
USDCHF
The strength of the US Dollar impacts all USD pairs, including USDCHF. Also: The block discusses the strength of the US Dollar and interest rate expectations.
USDJPY
The strength of the US Dollar impacts all USD pairs, including USDJPY. Also: The block discusses the strength of the US Dollar and interest rate expectations.
EURGBP
The euro's attempt to break its uptrend is mentioned, indicating potential volatility.
EURJPY
The euro's attempt to break its uptrend is mentioned, indicating potential volatility.
FULL
05:00–10:00
- The euro is currently testing support levels, with rallies needing to be limited to 1578 to maintain a downward trajectory.
- Initial resistance for the euro is identified at 1578 and 1564, with a potential break lower targeting the 15 handle.
- UK inflationary concerns are heightened, with expectations for higher CPI metrics this week influencing market sentiment.
- The upcoming UK employment data and CPI are critical events that could impact the Bank of England's rate decision.
- A break below 3465 in the pound would indicate a late month low, with key support levels established.
- Disruptions in oil transit are contributing to inflationary pressures across Europe and Japan, affecting economic stability.
- Our interpretation: The interplay of US Dollar strength, anticipated rate hikes, and geopolitical tensions may lead to increased volatility in currency markets, particularly for the euro and commodity prices.
INSTRUMENTS
EURUSD
The block discusses the euro's support levels and the anticipated strength of the US Dollar.
AUDUSD
The block discusses anticipated rate hikes by the Federal Reserve, which directly impacts the USD.
GBPUSD
The block mentions UK inflation and employment data, which can influence the GBP/USD pair. Also: The block discusses anticipated rate hikes by the Federal Reserve, which directly impacts the USD. Also: The block highlights UK inflationary concerns and upcoming employment data, which can impact the GBP.
NZDUSD
The block discusses anticipated rate hikes by the Federal Reserve, which directly impacts the USD.
USDCAD
The block discusses oil price disruptions affecting inflation, which can indirectly impact the USD/CAD pair. Also: The block discusses anticipated rate hikes by the Federal Reserve, which directly impacts the USD.
USDCHF
The block's discussion of inflationary pressures in Europe and Japan can impact the USD/CHF pair. Also: The block discusses anticipated rate hikes by the Federal Reserve, which directly impacts the USD.
USDJPY
The block discusses anticipated rate hikes by the Federal Reserve, which directly impacts the USD.
EURGBP
The block discusses the euro's support levels and market sentiment, indicating potential impacts on the euro. Also: The block highlights UK inflationary concerns and upcoming employment data, which can impact the GBP.
EURJPY
The block discusses the euro's support levels and market sentiment, indicating potential impacts on the euro.
GBPJPY
The block highlights UK inflationary concerns and upcoming employment data, which can impact the GBP.
FULL
10:00–15:00
- The Australian dollar has experienced a notable pullback, confirming a break of the late June uptrend, with a daily close below this level required for validation.
- The first support target for the Australian dollar is set at 7120, which aligns with the objective monthly range low.
- Projected downside targets for the Australian dollar are 70.83 and 70.80, corresponding to the May low and a 100% extension from the June lows.
- The Canadian dollar is encountering significant resistance between 39.40 and 39.50, coinciding with the objective monthly range high and previous closing levels from last year.
- Despite rising oil prices, the strength of the US dollar is the primary influence in the CAD market, with ongoing inflationary pressures in Canada.
- The dollar-yen market is currently testing lateral resistance levels, with potential for Bank of Japan intervention to maintain currency stability.
- Our interpretation: The current dynamics suggest that the US dollar's strength is driving the CAD market, while the Australian dollar's decline indicates a need for careful monitoring of support levels, particularly in the context of broader inflationary trends and potential central bank responses.
INSTRUMENTS
AUDUSD
The block discusses the Australian dollar's pullback and support levels.
USDCAD
The block directly analyzes the CAD market influenced by the US dollar.
USDJPY
The block mentions potential Bank of Japan intervention in the dollar-yen market.
EURUSD
The block's discussion of the US dollar's strength may have indirect implications for the euro. Also: The block discusses the strength of the US dollar and its influence on the CAD market.
GBPUSD
The block discusses the strength of the US dollar and its influence on the CAD market.
NZDUSD
The block discusses the strength of the US dollar and its influence on the CAD market.
USDCHF
The block's focus on the US dollar's strength indirectly relates to the Swiss franc. Also: The block discusses the strength of the US dollar and its influence on the CAD market.
FULL
15:00–20:00
- The critical level for the dollar-Swiss is identified at 82.14, which marks the breakout point that could lead to a significant upward movement.
- A breach above 82.14 would signal a resumption of the broader bullish trend, while a close below 81 could indicate a potential retest of lower levels.
- The 618 retracement level at 42.30 for gold is significant; breaking below this level may suggest a larger trend reversal.
- In the oil market, the focus is on the upslope trend resistance, with a break above it potentially leading to a test of 109.67, while support must hold at 98.28.
- Our interpretation: The current dynamics indicate that the US dollar's strength is influencing the dollar-Swiss market, while the gold and oil markets are at critical levels that could dictate future price movements.
INSTRUMENTS
USDCHF
The block directly analyzes the dollar-Swiss exchange rate.
AUDUSD
The block discusses the US dollar's strength and its influence on the dollar-Swiss market.
EURUSD
The block discusses the US dollar's strength and its influence on the dollar-Swiss market.
GBPUSD
The block discusses the US dollar's strength and its influence on the dollar-Swiss market.
NZDUSD
The block discusses the US dollar's strength and its influence on the dollar-Swiss market.
USDCAD
The block discusses the US dollar's strength and its influence on the dollar-Swiss market.
USDJPY
The block discusses the US dollar's strength and its influence on the dollar-Swiss market.
XAUUSD
The block discusses significant retracement levels for gold, indicating its relevance.
WTICOUSD
The block discusses oil price levels and their implications for market trends.
FULL
20:00–25:00
- Bitcoin is currently at support, reinforcing the monthly opening range, with initial support at 76,159 and a critical level at 74,334 that should not be breached.
- A break above the monthly open at 78,600 is necessary for Bitcoin to resume upward momentum, with major resistance identified at 84,000 on the weekly chart.
- The upcoming week is significant for event risk, including the FOMC rate decision, UK employment data, UK CPI, and the BOJ rate decision, which is expected to result in a 25 basis point hike to 1.25%.
- The speaker emphasizes the importance of being nimble and prepared for potential market breakouts and directional clarity as these events unfold.
- Our interpretation: The convergence of key economic events this week may create volatility in the forex market, particularly affecting the US dollar and Bitcoin, as traders react to potential shifts in monetary policy.
INSTRUMENTS
BTCUSD
Bitcoin is explicitly discussed with key support and resistance levels.
AUDUSD
The block discusses the FOMC rate decision, which directly impacts USD.
EURUSD
The block discusses the FOMC rate decision, which directly impacts USD.
GBPUSD
The block discusses the FOMC rate decision, which directly impacts USD.
NZDUSD
The block discusses the FOMC rate decision, which directly impacts USD.
USDCAD
The block discusses the FOMC rate decision, which directly impacts USD.
USDCHF
The block discusses the FOMC rate decision, which directly impacts USD.
USDJPY
The block discusses the FOMC rate decision, which directly impacts USD.
INFO
MARKET MEDIA2026-09-14
OPEN SOURCECHANNELFOREX.com
AI Slowdown & Oil Surge Weigh on Risk to Start the Week | Daily Market Update, September 14 2026
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AI Slowdown & Oil Surge Weigh on Risk to Start the Week | Daily Market Update, September 14 2026
Dario Amade, CEO of Anthropic, advocates for a slowdown in frontier AI development due to rising concerns over AI capabilities, a view supported by OpenAI's CEO, Sam Altman.
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00:00–05:00
- Dario Amade, CEO of Anthropic, advocates for a slowdown in frontier AI development due to rising concerns over AI capabilities, a view supported by OpenAI's CEO, Sam Altman.
- Consequently, tech stocks are declining, with the NASDAQ expected to open approximately 1.5% lower.
- Saudi Arabia has confirmed the shutdown of its East West pipeline following drone attacks, affecting around 4% of global oil supply and pushing oil prices up by about 3%.
- The Federal Reserve's anticipated interest rate hike is nearly fully priced in, and any unexpected decision could shock markets and elevate yields.
- The Bank of Japan is projected to raise interest rates, which may lead to a hawkish outlook that impacts currencies and risk assets.
- Today's chart highlights WTI crude oil, which has broken its downtrend and is nearing resistance levels around 105, with potential for prices to reach 110 if supply threats continue.
- Our interpretation: The interplay of AI development concerns and geopolitical tensions affecting oil supply is likely to exert dual pressure on markets, potentially leading to inflationary pressures through energy costs while also impacting tech equities, which may face downward revisions in growth expectations.
INSTRUMENTS
WTICOUSD
WTI crude oil prices are directly discussed in relation to supply concerns.
AUDUSD
The Federal Reserve's interest rate decisions are discussed, impacting USD.
EURUSD
The Federal Reserve's interest rate decisions are discussed, impacting USD.
GBPUSD
The Federal Reserve's interest rate decisions are discussed, impacting USD.
NZDUSD
The Federal Reserve's interest rate decisions are discussed, impacting USD.
USDCAD
The Federal Reserve's interest rate decisions are discussed, impacting USD.
USDCHF
The Federal Reserve's interest rate decisions are discussed, impacting USD.
USDJPY
The Federal Reserve's interest rate decisions are discussed, impacting USD. Also: The Bank of Japan's projected interest rate hike is mentioned, affecting JPY.
EURJPY
The Bank of Japan's projected interest rate hike is mentioned, affecting JPY.
GBPJPY
The Bank of Japan's projected interest rate hike is mentioned, affecting JPY.
NAS100USD
The decline in tech stocks is mentioned, impacting the NASDAQ index.
US30USD
The overall market sentiment is affected by geopolitical tensions and tech stock declines.
INFO
MARKET MEDIA2026-09-11
OPEN SOURCECHANNELFOREX.com
CPI Fuels Rate Hike Odds- Oil Slips as Gold Rebounds | Opening Bell with Michael Boutros | 9/11/2026
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CPI Fuels Rate Hike Odds- Oil Slips as Gold Rebounds | Opening Bell with Michael Boutros | 9/11/2026
CPI data met expectations, while core CPI rose slightly month-on-month, impacting market forecasts for a rate hike.
FULL
00:00–05:00
- CPI data met expectations, while core CPI rose slightly month-on-month, impacting market forecasts for a rate hike.
- The US dollar experienced an initial increase following the CPI release but has since retraced, reflecting market uncertainty.
- Market sentiment now indicates an 81% probability of a Federal Reserve rate hike next week.
- Oil prices have surged above $100, intensifying inflationary pressures that the Fed may need to address.
- DXY key support is at 98.68, with resistance at 99.49, suggesting a range-bound market that requires a breakout for directional clarity.
- The core month-on-month CPI reading increased from 0.2% to 0.3%, indicating persistent inflationary pressures.
- Our interpretation: The combination of rising core CPI and elevated oil prices suggests that the Fed may be compelled to act more aggressively on interest rates to combat inflation.
INSTRUMENTS
USDCAD
The block discusses the impact of US monetary policy on the USD and CAD.
AUDUSD
The block discusses the Federal Reserve's potential rate hike due to rising CPI.
EURUSD
The block discusses the Federal Reserve's potential rate hike due to rising CPI.
GBPUSD
The block discusses the Federal Reserve's potential rate hike due to rising CPI.
NZDUSD
The block discusses the Federal Reserve's potential rate hike due to rising CPI.
USDCHF
The block discusses the Federal Reserve's potential rate hike due to rising CPI.
USDJPY
The block discusses the Federal Reserve's potential rate hike due to rising CPI.
XAUUSD
The block discusses gold in the context of inflation and market reactions.
FULL
05:00–10:00
- The Euro dollar monthly opening range is notably clear, with the 200-day moving average halting the rally.
- Key resistance for the Euro dollar is identified between 1560 and 1656, with a focus on maintaining a 100 pip range.
- A pivot break above 1656 would suggest a constructive outlook for the Euro dollar, while losses below 1563 could lead to a steeper decline.
- The Sterling has not made a perfect test of the early support level between 3474 and 3465, which is a significant pivot point.
- For the Australian dollar, the key support level is at 7120, with resistance identified at 7208 to 7213, indicating potential for a slide and test of the uptrend.
FULL
10:00–15:00
- The major resistance zone for Aussie Swiss is at 5864, corresponding to the 786 retracement from the decline off the highs.
- The weekly chart for Aussie Swiss indicates a significant breakout at 5730, with the 2020 low week lows at 5705 recently tested as support.
- Momentum on the weekly chart remains in overbought territory, suggesting a constructive trade despite the potential for a pullback.
- A breach above 5864 is required to confirm the resumption of the upward trend, with the next resistance level identified at 59.
- New long exposure from current levels is challenging, and it is advisable to consider protective stops for existing positions.
- Our interpretation: The current market dynamics suggest that a breakout above 5864 could trigger further upward movement, while failure to maintain support may lead to a corrective phase.
INSTRUMENTS
USDCAD
The commentary on USD dynamics suggests implications for USD/CAD.
AUDUSD
The analysis of AUD/CHF implies broader implications for AUD pairs. Also: The block discusses the influence of CPI on the Federal Reserve's interest rate decisions. Also: The analysis of AUD/CHF indicates potential movements in the Australian dollar.
EURUSD
The discussion of US monetary policy can indirectly affect EUR/USD. Also: The block discusses the influence of CPI on the Federal Reserve's interest rate decisions.
GBPUSD
The Fed's interest rate decisions can influence GBP/USD dynamics. Also: The block discusses the influence of CPI on the Federal Reserve's interest rate decisions.
NZDUSD
The block discusses the influence of CPI on the Federal Reserve's interest rate decisions.
USDCHF
The block discusses the influence of CPI on the Federal Reserve's interest rate decisions.
USDJPY
The block discusses the influence of CPI on the Federal Reserve's interest rate decisions.
FULL
15:00–20:00
- A break above the 3901 to 3908 zone is essential for the dollar CAD to alleviate downside pressure and indicate a potential larger recovery.
- Key support levels for the dollar CAD are at 3767 and 3775, with a breach below the yearly open required to invalidate the entire yearly uptrend.
- The upcoming Federal Reserve meeting is highlighted as a significant event risk for the week, likely influencing market dynamics.
- The dollar yen has rebounded off support but remains bearish below the 55 handle, with the next major support zone identified around the 52 level.
- Gold's critical support is at 4319, which coincides with the 50% retracement from the advance off the early low; a break below this level could trigger further downside.
- Current market conditions have not generated the necessary volatility to clear existing ranges, with the euro bouncing off support and the DXY maintaining a well-defined range.
FULL
20:00–25:00
- Oil prices have recently peaked at 104.44, marking a critical pivot point in the market.
- Support for oil is established at 98.28, with a potential decline to the median line suggesting levels around 93 if this support fails.
- Negotiations between Saudi Arabia and other Middle Eastern nations with Iran to clear shipping passages could influence oil supply dynamics.
- The current oil market remains heavily influenced by headlines, with resistance easing but still facing pressure from geopolitical factors.
FULL
25:00–30:00
- Bitcoin is rebounding, with critical support levels identified between 74,000 and 76,000 that must hold for further upward movement.
- Resistance for Bitcoin is positioned at 81,0447, and a breach above this level could lead to gains towards 84,000, as indicated by the weekly chart.
- The 10-year yield is slightly declining ahead of 5.499, while the 30-year yield peaked at 5 before decreasing, despite expectations for a rate hike next week.
- Upcoming rate decisions are central to market focus, particularly following recent comments from Warsh at Jackson Hole and the implications of the NFP, PPI, and CPI releases.
- Our interpretation: The market is poised for potential volatility as the upcoming rate decisions could trigger significant movements in both the dollar and Bitcoin, depending on the outcomes of key economic indicators.
INSTRUMENTS
BTCUSD
Bitcoin is explicitly discussed with critical support and resistance levels.
AUDUSD
The block discusses upcoming rate decisions and their implications for the dollar.
EURUSD
The dollar's movements are likely to impact the euro as well. Also: The block discusses upcoming rate decisions and their implications for the dollar.
GBPUSD
The block's focus on the dollar's potential movements can also impact the pound. Also: The block discusses upcoming rate decisions and their implications for the dollar.
NZDUSD
The block discusses upcoming rate decisions and their implications for the dollar.
USDCAD
The block discusses the dollar's potential movements which can influence USD pairs. Also: The block discusses upcoming rate decisions and their implications for the dollar.
USDCHF
The block discusses upcoming rate decisions and their implications for the dollar.
USDJPY
The block discusses upcoming rate decisions and their implications for the dollar.
INFO
MARKET MEDIA2026-09-11
OPEN SOURCECHANNELFOREX.com
Will HOT Core CPI Force TWO Fed Rate Hikes This Year? | Daily Market Update, September 11 2026
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Will HOT Core CPI Force TWO Fed Rate Hikes This Year? | Daily Market Update, September 11 2026
The US Core CPI reading was reported at 0.3% month over month, leading to a market expectation of a 90% chance of an interest rate hike from the Fed next week.
FULL
00:00–05:00
- The US Core CPI reading was reported at 0.3% month over month, leading to a market expectation of a 90% chance of an interest rate hike from the Fed next week.
- Traders are fully pricing in two interest rate hikes from the Federal Reserve by year-end, reflecting a significant shift towards tighter monetary policy.
- The benchmark 10-year yield is near its highs at 4.94%, indicating market reactions to the CPI data and anticipated Fed policy changes.
- The ECB raised interest rates, with President Lagarde taking a more hawkish stance than expected, leading traders to anticipate another rate hike from the ECB.
- The Euro Dollar is trending lower, with a critical support level around 1.1570, which has previously served as both resistance and support.
- Our interpretation: The stronger-than-expected Core CPI data is likely to trigger a repricing of US interest rates, potentially strengthening the US dollar against other currencies, particularly the euro, as traders adjust their expectations for Fed policy and rate hikes.
INSTRUMENTS
EURUSD
The block directly analyzes the EUR/USD pair in the context of monetary policy.
AUDUSD
The block discusses the US Core CPI and its implications for Fed rate hikes.
EURGBP
The block mentions the ECB's hawkish stance and its impact on the Euro.
EURJPY
The block mentions the ECB's hawkish stance and its impact on the Euro.
GBPUSD
The block's discussion of USD strength can impact other USD pairs. Also: The block discusses the US Core CPI and its implications for Fed rate hikes.
NZDUSD
The block discusses the US Core CPI and its implications for Fed rate hikes.
USDCAD
The block's discussion of USD strength can impact other USD pairs. Also: The block discusses the US Core CPI and its implications for Fed rate hikes.
USDCHF
The block discusses the US Core CPI and its implications for Fed rate hikes.
USDJPY
The block's discussion of USD strength can impact other USD pairs. Also: The block discusses the US Core CPI and its implications for Fed rate hikes.
INFO
MARKET MEDIA2026-09-11
OPEN SOURCECHANNELFOREX.com
FOREX Friday: EUR/USD, USD/CHF and Gold in focus
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FOREX Friday: EUR/USD, USD/CHF and Gold in focus
The Eurodollar is coiling ahead of the US CPI release, with potential upward movement following the ECB's hawkish rate hike of 25 basis points.
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00:00–05:00
- The Eurodollar is coiling ahead of the US CPI release, with potential upward movement following the ECB's hawkish rate hike of 25 basis points.
- Currently, the Eurodollar is trading below the 200-day moving average, and stronger-than-expected US inflation could trigger selling pressure, especially in light of rising oil prices.
- Oil prices have exhibited a bullish trend, providing mild support for the US dollar while exerting downward pressure on the Euro, an energy-importing economy.
- A break below the support level of 115.60 to 115.80 in the Eurodollar could expose the 115 handle, with further support not apparent until the 114.05 area.
- The dollar is showing bullish momentum, making higher lows and testing the 81.55 to 81.60 area ahead of the US CPI, with upward pressure against the Swiss franc due to interest rate differentials.
- Gold prices are facing downward pressure, with a potential correction towards the 4100 area if the US dollar strengthens due to rising bond yields and oil prices.
- Our interpretation: The upcoming US CPI data is critical as stronger inflation could lead to a bullish USD scenario, impacting the Eurodollar and gold prices through interest rate dynamics and market sentiment towards energy commodities.
INSTRUMENTS
EURUSD
The block directly analyzes the EUR/USD pair and its potential movements.
AUDUSD
The block discusses US CPI and its potential impact on the dollar.
GBPUSD
The block discusses US CPI and its potential impact on the dollar.
NZDUSD
The block discusses US CPI and its potential impact on the dollar.
USDCAD
The block discusses US CPI and its potential impact on the dollar.
USDCHF
The block discusses interest rate differentials affecting USD/CHF. Also: The block discusses US CPI and its potential impact on the dollar.
USDJPY
The block discusses US CPI and its potential impact on the dollar.
EURGBP
The block discusses the Eurodollar and ECB's rate hike, impacting the euro.
EURJPY
The block discusses the Eurodollar and ECB's rate hike, impacting the euro.
XAUUSD
The block discusses gold prices and their potential downward pressure.
INFO
MARKET MEDIA2026-09-10
OPEN SOURCECHANNELFOREX.com
Gold, Bitcoin and S&P under pressure as oil and yields soar
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Gold, Bitcoin and S&P under pressure as oil and yields soar
Gold is under pressure after creating a lower low, with significant support around the 4100 area.
FULL
00:00–05:00
- Gold is under pressure after creating a lower low, with significant support around the 4100 area.
- Oil prices have surpassed the psychological barrier of $100 a barrel, impacting various risk assets including gold and indices.
- Bitcoin's critical support level at approximately 80500 has been breached, raising concerns about potential declines towards the 72000 area if the recent low of 76200 is broken.
- The S&P 500 is at a crucial technical level between 7580 and 7620; a break below this zone could lead to further declines towards 7500 and possibly the July low of 72192.
- Our interpretation: The combination of rising oil prices and broken support levels in gold, Bitcoin, and the S&P 500 suggests a heightened risk of further declines in these assets, prompting investors to reassess their exposure.
INSTRUMENTS
XAUUSD
Gold is directly discussed as being under pressure due to market conditions.
BTCUSD
Bitcoin's critical support level is breached, indicating potential declines.
SPX500USD
The S&P 500 is mentioned as being at a crucial technical level.
WTICOUSD
Oil prices are directly discussed as surpassing $100 a barrel.
AUDUSD
Rising oil prices can influence inflation and economic conditions in the US.
EURUSD
Rising oil prices can influence inflation and economic conditions in the US.
GBPUSD
Rising oil prices can influence inflation and economic conditions in the US.
NZDUSD
Rising oil prices can influence inflation and economic conditions in the US.
USDCAD
Rising oil prices can influence inflation and economic conditions in the US.
USDCHF
Rising oil prices can influence inflation and economic conditions in the US.
USDJPY
Rising oil prices can influence inflation and economic conditions in the US.
FULL
05:00–10:00
- A bullish reversal candle could sustain hopes for a potential recovery in the coming days.
INFO
MARKET MEDIA2026-09-10
OPEN SOURCECHANNELFOREX.com
ECB Hike Reinforces EUR/USD Range- All Eyes on CPI | Opening Bell with Michael Boutros | 9/10/2026
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ECB Hike Reinforces EUR/USD Range- All Eyes on CPI | Opening Bell with Michael Boutros | 9/10/2026
Michael Boutros observes that oil prices are surpassing $100, indicating a significant resistance zone.
FULL
00:00–05:00
- Michael Boutros observes that oil prices are surpassing $100, indicating a significant resistance zone.
- The US dollar is strengthening as the ECB maintains steady rates, resulting in a decline in the Euro Dollar.
- PPI data showed a mixed outcome, with the headline slightly exceeding expectations while the core reading met them.
- Market expectations for a Fed rate hike next week have increased from 62-63% to 72% following the PPI release.
- The key resistance level for the US dollar is identified at 9949, with a potential breakout above this level suggesting a larger trend reversal.
- Our interpretation: The strengthening US dollar, driven by rising rate hike expectations, may lead to increased volatility in currency pairs, particularly the Euro Dollar, as traders adjust their positions ahead of the upcoming CPI data.
INSTRUMENTS
EURUSD
The block directly analyzes the EUR/USD pair in the context of rising USD strength.
AUDUSD
The block discusses rising Fed rate hike expectations, which directly impacts the USD.
GBPUSD
The block discusses rising Fed rate hike expectations, which directly impacts the USD.
NZDUSD
The block discusses rising Fed rate hike expectations, which directly impacts the USD.
USDCAD
The block's discussion of USD strength can also impact the USD/CAD pair. Also: The block discusses rising Fed rate hike expectations, which directly impacts the USD.
USDCHF
The block's focus on USD strength suggests potential impacts on the USD/CHF pair. Also: The block discusses rising Fed rate hike expectations, which directly impacts the USD.
USDJPY
The discussion of USD strength implies potential effects on the USD/JPY pair. Also: The block discusses rising Fed rate hike expectations, which directly impacts the USD.
EURGBP
The block mentions the ECB maintaining steady rates, which impacts the Euro.
EURJPY
The block mentions the ECB maintaining steady rates, which impacts the Euro.
FULL
05:00–10:00
- The ECB has raised its inflation outlook for the next couple of years, while also indicating that the growth outlook carries downside risks.
- The Euro is facing a critical choke point at the 1564 to 1578 level, which has been identified as a significant pivot in price.
- A break below the 1564 level could signal a larger correction, potentially leading to a pullback towards the 1530s.
- The 200-day moving average is positioned just below the key support zone for sterling, marking a crucial area for price action.
- The recent breakout above 72 in the Aussie dollar has shown a lack of conviction, as there has been no follow-through, raising concerns for bullish sentiment.
- Our interpretation: The current dynamics suggest that a failure to maintain key support levels could lead to increased volatility in the Euro and Aussie dollar, as traders reassess their positions in light of the ECB's outlook and market sentiment.
INSTRUMENTS
EURUSD
The block discusses the Euro and its critical levels against the US dollar.
EURGBP
The ECB's raised inflation outlook directly impacts the Euro.
EURJPY
The ECB's raised inflation outlook directly impacts the Euro.
AUDUSD
The block mentions the Australian dollar's breakout and market sentiment. Also: The discussion of Fed rate expectations indirectly relates to the US dollar.
GBPUSD
The block discusses the critical support level for sterling. Also: The discussion of Fed rate expectations indirectly relates to the US dollar.
NZDUSD
The discussion of Fed rate expectations indirectly relates to the US dollar.
USDCAD
The discussion of Fed rate expectations indirectly relates to the US dollar.
USDCHF
The discussion of Fed rate expectations indirectly relates to the US dollar.
USDJPY
The discussion of Fed rate expectations indirectly relates to the US dollar.
FULL
10:00–15:00
- The breach of the weekly opening range low at 71.96 has invalidated the initial upslope, with the first support target now at the September open of 71.66.
- A decline below 71.20 could indicate the formation of a larger topping pattern, suggesting that significant highs may be established.
- For the uptrend to resume, a decisive break above the pivot zone between 72.08 and 72.13 is required.
- Current trading conditions reflect low conviction, as maintaining long positions would contradict the prevailing trend from the July highs.
- Key support levels for the dollar/cad pair are identified between 37.66 and 37.75, which have been tested multiple times, indicating potential market exhaustion.
- A close below 37.66 would signify an objective break of both the weekly and monthly range lows, potentially triggering a substantial decline.
FULL
15:00–20:00
- The CAD/JPY is showing a bounce from the 153 handle, with initial resistance identified at 55, while the May low corresponds to the 382 retracement of the advance from 2025.
- The objective yearly open for the CAD/JPY is at 5666, with subsequent support levels below 53 and significant levels at 5209 and 5160.
- The Swiss franc is fluctuating around the key zone of 81 to 81.24, with 81.52 representing the 786 retracement of the recent drop and the monthly range high.
- Gold is nearing critical support between 4319 and 4304, which includes the yearly open and the 50% retracement, marking a significant pivot in price.
- A break below 4230 in gold could signal serious challenges for bullish positions, while key resistance is established between 4533 and 4506, encompassing multiple retracement levels and the monthly opening range high.
- Our interpretation: The upcoming CPI data is anticipated to create volatility across dollar crosses, potentially affecting inflation expectations and monetary policy. A strong inflation reading could lead to higher interest rates, impacting the USD and exerting pressure on commodities like gold, while also influencing broader FX market dynamics.
INSTRUMENTS
EURUSD
The block directly analyzes the EUR/USD pair.
AUDUSD
The block discusses the impact of inflation on the USD.
EURGBP
The block discusses the Euro's performance in relation to inflation expectations.
EURJPY
The block discusses the Euro's performance in relation to inflation expectations.
GBPUSD
The block discusses the impact of inflation on the USD.
NZDUSD
The block discusses the impact of inflation on the USD.
USDCAD
The block discusses the impact of inflation on the USD.
USDCHF
The block discusses the impact of inflation on the USD.
USDJPY
The block discusses the impact of inflation on the USD.
FULL
20:00–25:00
- The dollar is gaining traction as rising yields and expectations for higher rates build ahead of the Fed's rate decision next week.
- CPI data is projected to show a slight easing in consumer prices, with core inflation expected between 2.52 and 2.54, while the headline remains at 3.4.
- Any CPI print at these levels or higher could fuel an uptrend in the dollar, impacting currency pairs such as the euro, sterling, and Aussie.
- Oil is testing critical resistance levels between 91.78 and 92.32, which are essential for confirming the next upward movement in prices.
- Geopolitical tensions, particularly attacks on Saudi infrastructure, may lead to significant supply issues in the oil market, creating pricing uncertainty.
- Bitcoin is showing vulnerability, with support around the monthly range low of 76,159; a break below this level could signal a larger correction within its uptrend.
- Our interpretation: The upcoming CPI data is likely to create volatility across dollar crosses, influencing inflation expectations and monetary policy, which could lead to higher interest rates and impact commodities like gold.
INSTRUMENTS
AUDUSD
The block discusses the Australian dollar's potential pullback against the dollar.
EURUSD
The block directly discusses the euro and dollar relationship, making EUR/USD relevant.
GBPUSD
The block mentions the potential impact on the pound due to dollar strength.
EURGBP
The block mentions the euro in the context of potential impacts from CPI data on currency pairs. Also: The block discusses the potential impact on sterling due to dollar strength.
EURJPY
The block mentions the euro in the context of potential impacts from CPI data on currency pairs.
GBPJPY
The block discusses the potential impact on sterling due to dollar strength.
NZDUSD
The block discusses rising yields and expectations for higher rates, which directly relate to the US dollar.
USDCAD
The block discusses rising yields and expectations for higher rates, which directly relate to the US dollar.
USDCHF
The block discusses rising yields and expectations for higher rates, which directly relate to the US dollar.
USDJPY
The block discusses rising yields and expectations for higher rates, which directly relate to the US dollar.
WTICOUSD
The block discusses oil testing critical resistance levels, indicating its relevance.
XAUUSD
The block mentions that CPI data could influence commodities like gold.
FULL
25:00–30:00
- The S&P 500 is at risk of breaching a major support level at 7,461, which could signal a significant shift in market dynamics.
- The NASDAQ has been testing a critical lateral support level at 28,957 for three weeks; a close below this threshold may indicate underlying weakness.
- The Dow is nearing a pivotal support level at 52,905, and a breakdown could trigger a retracement target of 51,049, reflecting potential downside pressure.
- The upcoming CPI print is crucial; a rebound above 52,900 in the Dow and maintaining support in the S&P 500 at 7,578 could invalidate current bearish signals.
- Our interpretation: The market is currently pricing in potential volatility based on key support levels across major indices, with the upcoming CPI data likely to influence USD liquidity and interest rate expectations.
INSTRUMENTS
EURUSD
The block discusses the impact of the ECB's inflation outlook on the euro, which directly relates to the EUR/USD pair.
AUDUSD
The block's focus on USD liquidity and interest rate expectations can also impact AUD/USD indirectly. Also: The block discusses the upcoming CPI print and its implications for USD liquidity and interest rate expectations.
EURGBP
The ECB's inflation outlook is mentioned, which directly relates to the euro's performance.
EURJPY
The ECB's inflation outlook is mentioned, which directly relates to the euro's performance.
GBPUSD
The discussion of USD liquidity and interest rate expectations can also impact GBP/USD indirectly. Also: The block discusses the upcoming CPI print and its implications for USD liquidity and interest rate expectations.
NZDUSD
The block discusses the upcoming CPI print and its implications for USD liquidity and interest rate expectations.
USDCAD
The block's discussion of USD liquidity and interest rate expectations can indirectly impact USD/CAD. Also: The block discusses the upcoming CPI print and its implications for USD liquidity and interest rate expectations.
USDCHF
The block discusses the upcoming CPI print and its implications for USD liquidity and interest rate expectations.
USDJPY
The discussion of USD liquidity and interest rate expectations can also impact USD/JPY indirectly. Also: The block discusses the upcoming CPI print and its implications for USD liquidity and interest rate expectations.
INFO
MARKET MEDIA2026-09-10
OPEN SOURCECHANNELFOREX.com
CPI Preview: Would Core CPI Above 0.3% Signal a Fed Hike? | Daily Market Update, September 10 2026
BLOCKS
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CPI Preview: Would Core CPI Above 0.3% Signal a Fed Hike? | Daily Market Update, September 10 2026
Matt Weller observes that oil prices are surging, with WTI crude surpassing $100 and Brent crude nearing $105, contributing to rising global yields.
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00:00–05:00
- Matt Weller observes that oil prices are surging, with WTI crude surpassing $100 and Brent crude nearing $105, contributing to rising global yields.
- The 10-year US Treasury yield has risen by three basis points to 4.87%, approaching the psychologically significant 5% level ahead of the CPI report.
- The European Central Bank has raised interest rates by 25 basis points, and traders should monitor ECB President Lagarde's press conference for potential signals of further hikes.
- The upcoming US CPI report is particularly significant, with core CPI expected at 0.2%; a reading of 0.3% or higher could increase the likelihood of a Fed rate hike.
- If core CPI rounds down to 0.2%, it may allow the Fed to maintain current rates, while a reading closer to 0.3% could shift market expectations toward a rate hike.
- Today's chart of the day indicates that the US dollar index has been range-bound since mid-August, with recent price action suggesting reduced selling pressure at the support level near 9850.
- Our interpretation: A core CPI reading of 0.3% or higher could trigger a reassessment of Fed rate hike probabilities, potentially strengthening the US dollar and influencing market positioning.
INSTRUMENTS
EURUSD
The ECB's interest rate hike and its implications for the eurozone make EURUSD relevant.
USDCAD
The discussion of Fed rate expectations directly impacts USD, making USDCAD relevant.
AUDUSD
The block discusses the potential impact of core CPI on Fed rate decisions, directly linking to USD.
EURGBP
The block mentions the ECB's interest rate hike, which is relevant for EUR.
EURJPY
The block mentions the ECB's interest rate hike, which is relevant for EUR.
GBPUSD
The block discusses the potential impact of core CPI on Fed rate decisions, directly linking to USD.
NZDUSD
The block discusses the potential impact of core CPI on Fed rate decisions, directly linking to USD.
USDCHF
The block discusses the potential impact of core CPI on Fed rate decisions, directly linking to USD.
USDJPY
The block discusses the potential impact of core CPI on Fed rate decisions, directly linking to USD.
WTICOUSD
The block discusses surging oil prices, which directly impacts WTI crude.
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