USDX DAILY: What is needed for a breakout?
For current up momentum to turn into an uptrend, 1.0011 would need to be broken, currently guarded by 9989. This suggests EURUSD (57.6% of the index) would need toi break 1.1500/eStablisH above for USDX to make a run at 1.00+ Look for similar lines, even with different levels, if using DXY.

XAUUSD DAILY;
Confounded trading on Friday by extending its trade around 4400 to 7 days in a row after pausing then bouncing from just above 4282 a
While a break of this pattern today would send a bearish signal, only firmly through 4282 would break the current range and open a big void on the downside.

Forex Market Snapshot
The week is starting out with a focus on firm oil and fallout on the risk mood before attention shifts to the trifecta of central bank meetings, starting with the Fed at mid week.
The dollar, meanwhile, after a slow start, has picked up steam to the upside as a combination of el;evated crude oil prices and Fed rate hike bets lift the currency. US bond yields remain elevated but are currently off slightly, perhaps on some safe haven demanbd.

In our blog
NewsquawkWeek in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan

Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar flat, Gold up.

CHFJPY WEEKLY: Funding currencies
One look at this chart would strongly sugggest switching from JPY to CHF as a favored funding currency (e.g. for carry trades) is driving the cross lower.
While this has developed into a clear downtrend, it is not technicals driving the flows.
This would also explain divergence today, USDJPY down, USDCHF up.

AUG CPI around consensus (m/m core miss)… knee jerk risk off reactions not following through

USDX is stabilizing after a bullback from 99.80, finding firm support near 98.80 and attempting another rebound. While the index remains supported by the 200-day SMA, it continues to trade below the long-term ascending trendline, keeping the broader bias cautious and upside attempts subiect to confirmation.

Newsquawk Daily US Opening News – 11th September 2026

(Right click on any image (or chart) to open a full screen in a new tab)
© 2024 Global View
