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XAUUSD (GOLD)
Consolidating between 3612-3674.since setting a record 3673 high where XAUUSD has been supported by
- Weak USD
- Lower interest rates
- Geopolitics
To make a run at the high, 3650 needs to become support and 3657+ trade.
On the downside, 3612 and 3578 are key levels.
Some bank forecasts $3709-3800 by yearend (subject to revisions)
XAUUSD 4 HOUR CHART
BTCUSD Daily
115.650 is crucial Support today for BTC to be able to surmount 116.815 and be attack 117.450
If successful Bitcoin would be on its way to test previous All Time High at 124.560
However failure to overcome 117.450 would call for more of a correction that could lead all the way to 92.950
So watch closely
EURUSD Daily
Bullish Open – we should see higher high, but everything else depends on the Resistances:
1.17500, 1.17800 & 1.17900
Only above the latest one EUR would be In for a real Bull run.
Supports: 1.17200, 1.17100 & 1.16850
EUR looks great on Weekly chart as well, and it probable that we’ll be seeing 1.18950 even this week.
THIS WEEK’S MARKET-MOVING EVENTS (Econoday)
The global economy faces a critical week as policymakers, markets, and industries brace for new data releases and central bank decisions. The U.S. Federal Reserve’s September 16–17 FOMC meeting is the centerpiece, with markets widely expecting a 25-basis point interest rate cut—the first since November 2024. This comes amid criticism that the Fed has been slow to respond to economic signals like the substantial downward payroll revision from March and persistent inflationary pressure driven in part by tariffs. The Fed’s updated economic projections may show weaker growth and higher unemployment, and Chair Jerome Powell is expected to face intense scrutiny during his post-meeting press conference.
In Europe, attention turns to the economic fallout of recent U.S. tariffs, especially on Swiss exports facing a steep 39% duty. While Swiss watch exports spiked ahead of the tariff implementation, August data will reveal how sustainable demand is under the new trade regime. The EU’s trade terms with the U.S. remain politically unpopular, and economic sentiment continues to erode in Germany. Despite weak inflation, the ECB held rates steady last week, signaling a growing readiness to cut if economic conditions worsen. Meanwhile, Asia-Pacific economies—particularly China—continue to show signs of strain under global trade tensions, with China’s August data expected to show muted retail sales and industrial production. Japan, Taiwan, and Australia will also report key figures, with most central banks likely to maintain current policy amid economic uncertainty.
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