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New XAUUSD247 offering gives eligible Moneta Markets clients the ability to trade Gold around the clock, seven days a week

Dubai, United Arab Emirates, September 2026, Moneta Markets has announced the launch of 24/7 Gold trading on MetaTrader 5, giving eligible clients the ability to trade its XAUUSD247 product around the clock, including weekends.

The new product offering extends access beyond conventional weekday trading sessions, giving Moneta Markets clients greater flexibility to manage their Gold exposure and respond to major market, geopolitical and economic developments whenever they occur.

Gold is already available as XAUUSD247 within the Moneta Markets commodity offering, while MetaTrader 5 provides clients with access to advanced charting, multiple order types and a comprehensive suite of trading tools.

The addition of 24/7 trading takes that accessibility a step further.

“Gold is one of the most important and closely watched markets in the world, but opportunities don’t always arrive neatly between Monday and Friday,” a Moneta Markets Founder and CEO, David Bily, said.

“Now, our clients have the flexibility to access Gold seven days a week directly through MT5. It’s a simple addition with a meaningful benefit: more choice over when they trade and greater ability to react when markets and world events move.”

The launch forms part of Moneta Markets’ continued investment in expanding its trading product and platform offering, with the broker currently providing access to more than 1,000 instruments across currencies, commodities, indices, share CFDs, ETFs and other markets.

Gold Trading Without the Weekend PauseFor traders, weekends can bring significant developments ranging from geopolitical events and elections to economic announcements and shifts in global risk sentiment.

With the introduction of XAUUSD247, Moneta Markets clients can now access Gold during these periods rather than waiting for conventional weekday trading to resume.

The product is available through MetaTrader 5, allowing existing MT5 users to access the new offering through a familiar trading environment. Moneta Markets’ MT5 platform includes more than 30 built-in indicators, 21 timeframes and support for multiple order types and custom trading tools.

XAUUSD247 is now available to eligible Moneta Markets clients on MT5.

About Moneta Markets

Moneta Markets provides eligible clients with access to more than 1,000 instruments across global markets, including currencies, indices, commodities, share CFDs and ETFs, through a range of desktop, web-based and mobile trading platforms.

For more information, visit www.monetamarkets.com.

This does not necessarily mean that a 2024-style global carry-trade unwind is imminent. The BoJ has spent considerable time preparing markets for the possibility of higher rates, making a move next week considerably less surprising than the July 2024 rate increase. Nevertheless, the risk would increase if the central bank combines a rate hike with guidance suggesting that additional increases could follow relatively quickly.

Intervention and Domestic Repatriation Add Another Layer of Support for the Yen Monetary policy is not the only factor supporting the Japanese currency. The possibility of renewed government intervention remains an important consideration for traders, particularly after the scale of Tokyo’s recent operations. Japan spent approximately ¥15.4 trillion, or nearly $99 billion, on yen-buying intervention between July 30 and August 26, according to Japanese Finance Ministry data.

The operation helped push the yen away from levels near 164 per dollar, while part of the intervention was coordinated with the United States. Japanese Finance Minister Satsuki Katayama has subsequently stressed that Tokyo and Washington remain aligned on the objective of maintaining orderly foreign-exchange markets.

That means traders cannot simply assume that a renewed yen depreciation would be tolerated indefinitely. If the USD/JPY were to reverse sharply higher and return towards the levels that previously prompted official action, the perceived intervention risk could itself become a deterrent to aggressive yen-selling.

There is also a potentially more structural source of yen demand: Japanese institutional investors.

Japan’s enormous pension and financial sector has historically allocated substantial amounts of capital overseas, partly because extremely low domestic yields encouraged investors to search for returns abroad. That equation is changing as Japanese government bond yields rise. The 10-year JGB yield recently reached 3%, its highest level since 1996, making domestic fixed-income assets considerably more attractive than they were during the ultra-low-rate era.

Fitch Ratings expects Japanese policy rates to rise faster than current market consensus in 2026 and 2027, arguing that higher domestic yields could reduce the incentive for Japanese institutions to pursue lower-yielding foreign assets. The ratings agency said domestic banks and life insurers are already reassessing opportunities at home, even though there is not yet clear evidence of a major portfolio shift by the Government Pension Investment Fund (GPIF).

The potential scale of such a shift is significant. Japan’s pension system manages assets measured in trillions of dollars, meaning even a modest change in the allocation between overseas and domestic investments could generate substantial currency flows.

For the USD/JPY, this introduces a potentially important structural headwind. If Japanese yields continue to rise while the BoJ signals further tightening, domestic institutions may have less reason to hedge or maintain large overseas allocations. Repatriation flows could then provide an additional source of yen demand independently of speculative positioning.

Sources: The Wall Street Journal, Fitch Ratings, Bank for International Settlements (BIS), Jefferies, Bank of Japan (BoJ), U.S. Federal Reserve, Reuters Japanese Ministry of Finance

Gold (XAU/USD) trims losses on Wednesday, with price action returning to the $4,400 area during the European morning session, after bouncing from $4,345 lows on Tuesday. The precious metal is drawing support from broad-based US Dollar (USD) weakness, although the broader trend remains bearish, after losing more than $100 in the previous three trading days.

The Greenback is on its back foot on Wednesday, with investors awaiting Friday's US Consumer Inflation figures to confirm expectations that the Federal Reserve will hike interest rates next week.

Strategists at Brown Brothers Harriman argue that “a hot CPI print would all but seal a September hike and underpin a firmer USD,” whereas “a cooler reading would strengthen the case for a hold and leave USD vulnerable to a dovish Fed repricing.” BBH experts, however, warn that “even if a September Fed hike becomes a done deal, we doubt USD will make new cyclical highs,” noting that tightening by other major central banks “limits policy divergence, with the ECB widely expected to deliver a 25bps hike tomorrow.”

Technical Analysis: A bearish H&S pattern looms

XAU/USD has trimmed losses, returning to $4,400, yet with price action contained within Tuesday's range, and with the broader bearish structure intact. The precious metal remains capped below the 200-day Simple Moving Average (SMA), with last week's knee-jerk reaction looking like the second shoulder of a bearish Head & Shoulders (H&S) formation.

Momentum indicators in the daily chart are neutral-to-bearish, with the Relative Strength Index (RSI) flat around 50 and the Moving Average Convergence Divergence (MACD) in negative territory, suggesting that rebounds are vulnerable.

Tuesday's low in the mid-$4,300s is holding bears for now and closing the path to the H&S neckline between $4,311 and $4,282, the August 14 and September 2 lows, respectively. A confirmation below those levels brings the August 6 low, at $4,223, into focus. Upside attempts above $4,400, on the contrary, are likely to meet resistance at Tuesday's high of $4,443, ahead of last week's highs around $4,500 and the 200-day SMA at $4,537.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

USD/CAD extends its losses for the third consecutive day, trading around 1.3780 during the European hours on Wednesday. The technical analysis of the daily chart indicates the pair is falling within the descending channel pattern, signalling a persistent bearish bias.

USD/CAD is holding a bearish near-term bias as spot remains under both the nine-day and 50-day Exponential Moving Averages (EMAs). The short-term EMA below the longer one and price trading beneath both hint at a capped corrective tone, while the 14-day Relative Strength Index (RSI) near 38 stays in negative territory without yet signaling oversold conditions.

The USD/CAD pair may fall toward the descending channel bottom at 1.3600, followed by 1.3481, the lowest since October 2024.

On the upside, the primary barrier lies at the nine-day EMA of 1.3819, followed by the descending channel top near the 50-day EMA of 1.3918. A break above this confluence resistance zone would strengthen the bullish bias and support the pair to explore the region around the nearly 17-month high of 1.4248, which was recorded on June 24, 2026.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Canadian Dollar Price Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the New Zealand Dollar.

USDEURGBPJPYCADAUDNZDCHFUSD-0.08%-0.04%-0.31%-0.04%-0.03%0.14%0.01%EUR0.08%0.05%-0.23%0.03%0.03%0.23%0.10%GBP0.04%-0.05%-0.27%-0.00%0.00%0.18%0.06%JPY0.31%0.23%0.27%0.26%0.27%0.42%0.32%CAD0.04%-0.03%0.00%-0.26%0.00%0.19%0.04%AUD0.03%-0.03%-0.00%-0.27%-0.00%0.19%0.09%NZD-0.14%-0.23%-0.18%-0.42%-0.19%-0.19%-0.12%CHF-0.01%-0.10%-0.06%-0.32%-0.04%-0.09%0.12% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

Orbex Group Limited is the holding company of Orbex Global Limited, Orbex Limited is an affiliate with Orbex Global Limited. Orbex Global Limited is authorized and regulated by Mauritius Financial Services Commission “FSC” (View License). Orbex.com is owned by Orbex Group Limited and is operated by Orbex Global Limited with registered address: Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebène, Republic of Mauritius

Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. There is a possibility that you may sustain a loss of some or all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Orbex Global does not offer its services to residents of certain jurisdictions such as Mauritius, USA, and North Korea.

UBS favours buying gold on price falls, with central-bank purchases running at roughly twice the pace of the preceding decade. The price of Gold rebounded towards $4,401 an ounce on Wednesday, recovering much of Tuesday’s 1.61% decline as a softer US Dollar supported buying ahead of this week’s US inflation figures.

Our live XAU/USD rate was up 1.14% at 08:04 BST, still below Monday’s close near $4,423.

UBS favours using the recent falls to build exposure, even as it expects two Federal Reserve rate increases in 2026.

“Investors with an affinity for gold can consider using price weakness to build a mid-single-digit strategic allocation,” the bank said.

Higher rates would increase the cost of holding gold, which pays no income, and UBS acknowledges that rising real yields and a stronger Dollar could put further pressure on prices.

US producer-price figures arrive on Thursday, followed by consumer-price inflation on Friday, with stronger readings threatening to reinforce expectations for tighter monetary policy.

UBS puts central-bank purchases at an average of around 1,000 tonnes annually over the past four years, roughly double the pace of the preceding decade.

China added nearly 20 tonnes in July, its largest monthly purchase since October 2023, the bank said.

“Central bank demand remains robust, supported by reserve diversification and a long-term desire to reduce exposure to US dollar assets.”

Gold exchange-traded funds also attracted renewed investment in July, led by Europe.

UBS believes persistent inflation, geopolitical uncertainty and concerns over fiscal and monetary credibility could offset some of the pressure from higher yields and the Dollar.

Other banks have also retained bullish gold calls through the selloff, including Standard Chartered, which restored gold to Overweight and raised its 12-month forecast to $5,000.

Image: Gold price in USD one-month chart For UBS, the case for holding gold extends beyond whether the Fed raises rates at its next meeting.

“We view gold as a strategic portfolio hedge and diversifier, rather than as a tactical expression of the next Fed decision.”

Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.

The USD/CHF pair reverses modest intraday losses and climbs to the top end of its daily range during the first half of the European session on Wednesday. Spot prices, however, remain confined within the weekly range and currently trade just below the 0.8100 mark, nearly unchanged for the day as traders seem hesitant ahead of US inflation figures.

The US Producer Price Index (PPI) and the Consumer Price Index (CPI) will be published on Thursday and Friday, respectively. The crucial data will be looked at for more cues about the US Federal Reserve's (Fed) policy path, which, in turn, will drive the US Dollar (USD) and provide a fresh impetus to the USD/CHF pair. In the meantime, rising September Fed rate hike bets and inflation risks stemming from persistently higher energy prices due to escalating US-Iran tensions should act as a tailwind for the Greenback.

The USD/CHF pair keeps the near-term bias constructive above the 100-day Simple Moving Average (SMA) at 0.8004 and a dense Fibonacci support band between the 61.8% retracement at 0.8028 and the 38.2% retracement at 0.8077. Meanwhile, the Relative Strength Index (RSI) around 50 suggests neutral momentum after earlier gains. The Moving Average Convergence Divergence (MACD), however, has turned slightly positive, hinting that upside pressure is moderating rather than reversing.

This suggests that the USD/CHF pair might continue to find some support near the 38.2% Fibo. retracement at 0.8077, which is followed by the 50.0% level at 0.8053 and the 61.8% retracement at 0.8028. A deeper pullback would expose the 100-day SMA at 0.8004, ahead of the 78.6% retracement at 0.7994 and the prior swing base near 0.7950. On the topside, initial resistance sits at the 23.6% retracement at 0.8107, with a break higher opening the way toward the cycle high around 0.8156.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

USD/CHF daily chart

US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.

The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.

In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.

Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

Oil prices have extended gains for a ninth straight session, up 10% so far in September as hostilities in the Middle East escalate, raising concerns over further disruption to global oil supplies.

ING’s Chris Turner describes EUR/USD near 1.1600 as mid-range since April, noting Euro terms-of-trade deterioration should weigh more on the pair. ING expects a dovish ECB hike that fails to validate additional tightening priced by markets. With a quiet Eurozone calendar, they see limited justification for a break above 1.1640/45 and prefer a 1.15 end-September target after a Fed hike.

Euro holds but upside seen limited"Near 1.1600, EUR/USD is sitting approximately in the middle of its range seen since April. As above, we would have thought that the clear decline in the euro's terms of trade would be an important factor weighing on EUR/USD this week. The fact that it is holding up quite well probably raises more questions for the dollar."

"Unlike the market, we are looking for a dovish hike – or at least a hike which does not support the additional 50bp of tightening priced in after Thursday's expected 25bp move."

"The eurozone calendar is very quiet today. We do not quite see a justification for EUR/USD to break above resistance at 1.1640/45, but if so, 1.1675/80 beckons. At present, we prefer a 1.15 end-September target on the back of a Fed hike."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

The EUR/USD pair attracts fresh buyers during the Asian session on Wednesday, though it lacks bullish conviction and remains confined within the weekly range. Spot prices currently trade near the 1.1630 region, up around 0.05% for the day, as bulls opt to wait for the European Central Bank (ECB) meeting and crucial US inflation figures.

A 25 basis point (bps) rate hike by the ECB on Thursday is considered a done deal, suggesting that the focus will be on the central bank's outlook amid elevated inflation risks. Traders will then confront the release of the US Producer Price Index (PPI) and the Consumer Price Index (CPI) on Thursday and Friday, respectively, which might offer cues about the Federal Reserve's (Fed) policy path. In the meantime, September Fed rate hike bets remain in play, which, along with geopolitical uncertainties, could support the US Dollar (USD) and cap gains for the EUR/USD pair.

From a technical perspective, spot prices hold a constructive short-term bias above the 200-period Exponential Moving Average (EMA) on the 4-hour chart, at 1.1579, and the 38.2% Fibonacci retracement of the 1.1323–1.2072 upswing at 1.1609. Moreover, the Relative Strength Index (RSI) near 58 and a slightly positive Moving Average Convergence Divergence (MACD) reading hint that bullish momentum persists, though not in overstretched territory.

Meanwhile, initial resistance is aligned at the 50.0% retracement at 1.1698, followed by the 61.8% level at 1.1786, with higher barriers at 1.1912 and the 1.2072 swing high. On the downside, immediate support is seen at the 38.2% retracement at 1.1609, ahead of the 200-period EMA at 1.1579. A convincing break below these would expose the 23.6% retracement at 1.1500 and the 1.1323 cycle low.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

EUR/USD 4-hour chart

ECB FAQs The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy for the region. The ECB primary mandate is to maintain price stability, which means keeping inflation at around 2%. Its primary tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Euro and vice versa. The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

In extreme situations, the European Central Bank can enact a policy tool called Quantitative Easing. QE is the process by which the ECB prints Euros and uses them to buy assets – usually government or corporate bonds – from banks and other financial institutions. QE usually results in a weaker Euro. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The ECB used it during the Great Financial Crisis in 2009-11, in 2015 when inflation remained stubbornly low, as well as during the covid pandemic.

Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the European Central Bank (ECB) purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the ECB stops buying more bonds, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Euro.

Gold prices rose in India on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 13,375.71 Indian Rupees (INR) per gram, up compared with the INR 13,301.55 it cost on Tuesday.

The price for Gold increased to INR 156,011.30 per tola from INR 155,146.70 per tola a day earlier.

Unit measure

Gold Price in INR

1 Gram

13,375.71

10 Grams

133,756.80

Tola

156,011.30

Troy Ounce

416,031.50

FXStreet calculates Gold prices in India by adapting international prices (USD/INR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Gold prices rose in United Arab Emirates on Wednesday, according to data compiled by FXStreet.

The price for Gold stood at 517.11 United Arab Emirates Dirhams (AED) per gram, up compared with the AED 514.29 it cost on Tuesday.

The price for Gold increased to AED 6,031.44 per tola from AED 5,998.59 per tola a day earlier.

Unit measure

Gold Price in AED

1 Gram

517.11

10 Grams

5,171.07

Tola

6,031.44

Troy Ounce

16,083.86

FXStreet calculates Gold prices in United Arab Emirates by adapting international prices (USD/AED) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

The EUR/JPY cross trades in negative territory near 178.50 during the early European trading hours on Wednesday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as a slew of hawkish comments from the Bank of Japan (BoJ) policymakers have cemented views that the BoJ will raise interest rates this month.  

BoJ board member Hajime Takata said last week that the central bank could take a more aggressive approach than expected. Takata further stated that a 25-basis-point hike “is not necessarily set in stone,” and that generally speaking, back-to-back rate hikes would be a possibility, too.

The BoJ is set to raise its policy rate to 1.25% from the current 1.0% at its September policy meeting, signaling an acceleration in the pace of rate hikes. This would raise the interest rate to its highest level in about 31 years and follow a rate hike in June. 

Yen funding role questioned as rising JGB yields unsettle cross-border flowsStrategists at Rabobank argue that the “clear problem relates to the use of the JPY as a funding currency,” with markets now asking “whether there is room for the recent rapid unwind of JPY shorts to accelerate nearterm.” They add that an “appreciating JPY would bring fresh uncertainly over whether domestic Japanese investors would have less incentive to look for opportunity abroad,” a debate that has been sharpened by the rise in JGB yields, which has “already made this a topical theme.” Rabobank also notes that “the market has suspected that the US Treasury has been worried about large Japanese insurers potentially selling US government debt for JGBs for some time,” underscoring how shifts in Japan’s rate environment could reverberate through global fixed income positioning.

Technical Analysis: EUR/JPY keeps a bearish vibe amid oversold RSIIn the daily chart, EUR/JPY extends its corrective slide and holding decisively below key moving averages, which keeps the near-term bias firmly bearish. Price is lodged beneath the 20-day simple moving average (the middle Bollinger band) and the 100-day simple moving average, underscoring a market that remains capped by medium-term trend resistance. The Relative Strength Index (14) has dropped to around 22, deep in oversold territory, hinting that while downside pressure persists, the selloff could be at risk of fatigue if sellers fail to press decisively lower.

On the topside, initial resistance is seen at the lower Bollinger band near 179.00, with a recovery above this barrier needed to ease immediate selling pressure. Further up, the next hurdle is located at the 180.00 psychological level, en route to the Bollinger mid-line at 183.82 and the 100-day SMA at 184.70.

On the flip side, the November 10, 2025 low of 177.17 acts as an initial suppot level for the cross. Any follow-through selling below this level could pave the way to the November 4, 2025 low of 176.09, followed by the October 21 low, 2025 of 175.35.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Japanese Yen FAQs The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.

One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.

Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.

The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.

Pound-Dollar could remain under pressure if inflation fears keep risk appetite weak, although easing Middle East tensions may help Sterling recover. The Pound US Dollar (GBP/USD) exchange rate drifted lower on Tuesday as renewed global inflation concerns softened market risk sentiment.

At the time of writing, GBP/USD was trading at around $1.3526. Slightly lower than Tuesday’s opening levels.

Latest — Exchange Rates:

Pound to Dollar (GBP/USD): 1.353385 (-0.09%)

Euro to Dollar (EUR/USD): 1.162206 (-0.05%)

Dollar to Yen (USD/JPY): 154.36911 (+0.35%)

DAILY RECAP:

The US Dollar (USD) firmed on Tuesday as a fresh surge in energy prices revived concerns over global inflation and underpinned demand for the safe-haven ‘greenback’.

Brent crude approached the $100-per-barrel mark on Tuesday morning, following targeted strikes against Saudi energy facilities.

Markets fear a fresh energy price shock will quickly feed through into higher consumer and producer prices, with the rise in inflation pushing central banks around the global into tightening monetary policy to counter the inflationary pressures.

However, the US Dollar's upside potential ultimately remained limited amid some caution ahead of this week's US inflation data, which will be key in setting expectations for whether the Federal Reserve will hike interest rates next week.

The fresh spike in crude oil also dampened appetite for the Pound (GBP) on Tuesday as it pushed UK gilt yields higher.

As global inflation concerns intensified, government borrowing costs rose, with yields on the UK benchmark 10-year gilt rising around 0.3%, propelling yields just shy of the multi-year highs struck during last week's bond market turmoil.

Higher yields will complicate matters for Chancellor John Healey. Straining the government's debt-servicing capacity, the move narrows the Treasury's fiscal wriggle room just weeks before the October Budget.

Near-Term GBP/USD Forecast: Limited Data to Drive the Pairing? Looking ahead, the absence of any notable UK or US macroeconomic data could leave movement in the Pound to US Dollar (GBP/USD) exchange rate to be driven by wider market trends through the middle of the week.

If the market remains gripped by inflation concerns, it's likely to further erode investor risk appetite and underpin demand for safe-haven assets like the US Dollar.

On the other hand, any easing of tensions in the Middle East could swiftly trigger a reversal in the recent energy price spike, both tempering USD demand and boosting Sterling sentiment if it brings UK bond yields back down.

Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.

The GBP/USD pair trades in positive territory around 1.3550 during the early European trading hours on Wednesday. UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK. This move provides some support to the British Pound (GBP) against the US Dollar (USD).

UK Chancellor on Monday announced plans to give city regions greater powers to attract private investment as part of Prime Minister Andy Burnham's plan to devolve power away from central government. Healey also stressed his commitment to fiscal discipline and to curbing rising costs for business and the public, including a 25% reduction in regulatory costs by the next election due in 2029.  

The Bank of England (BoE) is expected to hold the interest rate at 3.75% for the rest of the year and through at least mid-2027, according to a Reuters poll. BoE Governor Andrew Bailey said on Tuesday he wanted to dispel the idea that it's just a matter of time before the central bank hikes interest rates, rather than a possibility that hinges on economic and geopolitical developments.

GBP upside bias builds but UOB keeps Pound in broad rangeAnalysts at UOB Group note that GBP/USD was confined to a relatively tight band at the end of last week, with the Pound “traded between 1.3482 and 1.3550 last Friday and closed little changed at 1.3518 (-0.05%).” They recall that “the price action did not lead to any shift in either downward or upward momentum,” and had expected GBP “to trade in a range between 1.3490 and 1.3540.” In the event, the pair “did not quite trade within the expected range, as it edged up from 1.3508 to 1.3547.”

While UOB still sees “no significant increase in upward momentum,” the bank judges that “the bias for GBP today appears tilted to the upside, likely toward 1.3565,” though it “do[es] not expect the major resistance at 1.3600 to come into view.” On the downside, the strategists flag that “a breach of 1.3520 (minor support is at 1.3530) would mean that the upside bias has faded.”

From a broader perspective, UOB reiterates that “there is not much to add” to its recent medium-term assessment, with GBP “neutral now and it is likely to trade between 1.3480 and 1.3600” over the next one to three weeks.

Technical Analysis: GBP/USD retains a bullish tone above the 100-day SMAIn the daily chart, GBP/USD holds a mild bullish bias as price remains above the 100-day Simple Moving Average (SMA) and the lower Bollinger Band, suggesting underlying demand on dips. However, spot is now just under the Bollinger mid-line, which acts as immediate resistance, while the Relative Strength Index (RSI) near 54 points to steady but not overextended bullish momentum.

On the topside, a daily close above the Bollinger middle band at 1.3560 would open the way toward the upper band resistance near 1.3660. Further north, the next hurdle to watch is the 1.3700 psychological level. 

On the downside, initial support is seen at the lower Bollinger Band around 1.3465, ahead of stronger structural backing from the 100-day SMA at 1.3445, where buyers would be expected to defend the broader upbeat tone.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Pound Sterling FAQs The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).

The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.

Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.

Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

CADJPY: ⬆️ Buy

– CADJPY reversed from support zone

– Likely to rise to resistance level 112.00

CADJPY currency pair recently reversed from the support zone located between the strong support level 111.00 (which stopped earlier sharp downward impulse wave (C) at the end of July) and the lower daily Bollinger Band.

This support zone was strengthened by the 50% Fibonacci correction of the upward impulse from October and by the support trendline of the weekly down channel from May.

Given the strength of the support level 111.00, CADJPY currency pair can be expected to rise further to the next resistance level 112.00.

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The US dollar failed to hold its gains following a significantly stronger-than-expected US employment report. The economy added 162,000 jobs versus the forecast of 56,000, while the unemployment rate remained at 4.1% and previous employment figures were revised higher. The data initially triggered a sharp rise in the dollar, but the US currency subsequently gave back most of its gains. One factor limiting the impact of the strong report was a slowdown in annual wage growth, which somewhat reduced its overall effect. The market reaction suggests that even strong employment data have not yet led to a sustained repricing of expectations for the Federal Reserve’s future policy.

Market attention is now shifting towards US inflation data. A strong labour market reduces the need for rapid Fed easing, but the future path of interest rates will depend to a large extent on developments in price pressures. As a result, the upcoming inflation figures could become the next key driver for the dollar.

AUD/USD The Australian dollar benefited from the subsequent weakening of the US currency, with AUD/USD reaching fresh recent highs near 0.7200. The AUD is also receiving support from expectations that the Reserve Bank of Australia will maintain a relatively hawkish stance, limiting the downside potential for the Australian currency.

Technical analysis of AUD/USD points to the possibility of further gains towards the 0.7260–0.7280 area, provided the price holds above 0.7200. A return below 0.7200, followed by a sustained move below this level, would weaken the bullish scenario and increase the likelihood of a corrective decline.

USD/CAD USD/CAD continues to decline and has approached the August lows around 1.3730. In addition to the weaker US dollar, the Canadian dollar is being supported by oil prices, which remain sensitive to geopolitical tensions surrounding Iran.

A sustained move below 1.3730, followed by this level becoming resistance, could open the way for a further decline towards the 1.3520–1.3570 area.

Key events for USD/CAD and AUD/USD:

today at 14:00 (GMT+3): US Mortgage Market Index; today at 15:15 (GMT+3): weekly change in US employment according to ADP; today at 23:30 (GMT+3): weekly US crude oil inventories according to the American Petroleum Institute (API).

Overall, following the strong NFP report, the dollar failed to hold its initial gains, allowing the commodity-linked currencies to return to important technical levels. AUD/USD is testing the area of recent highs, while USD/CAD is approaching its August lows. With a relatively quiet economic calendar, further moves will depend on how expectations for Fed policy are repriced and on positioning ahead of the next US inflation data.

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USDCAD losing momentum The Canadian dollar (USDCAD) continues to gain over the greenback after pushing past the 1.3800 level. The pair looks to move away from its recent top around 1.3940.

TL;DR: Silver is outperforming Gold on the same Dollar weakness, with the Gold/Silver ratio rejecting resistance and Silver approaching its breakout trigger first — but whether Silver is genuinely leading Gold, or just outperforming it, depends on whether Gold follows through its own key level at 4,510.90.

Silver Is Doing More With the Same Dollar Tailwind Gold and Silver are both benefiting from a weaker Dollar, but they aren’t trading that support the same way. Silver is outperforming, sitting around 66.89, above its four-hour 55 EMA at 66.34, while Gold remains near 4,411.26 and below its own four-hour 55 EMA at 4,433.28. The difference isn’t just a one-day move — it has been building for roughly two months in the Gold/Silver ratio, which has now turned lower again after another rejection from descending resistance.

That makes the ratio the natural place to start. The weaker Dollar explains why both metals can rise together. It doesn’t explain why Silver has repeatedly done better. Silver’s industrial role gives it a different demand structure from Gold’s purely monetary and financial characteristics, while the smaller Silver market can produce larger relative moves once momentum builds. Those mechanisms may help explain the divergence, but the stronger evidence is in the price relationship itself: the ratio has been falling since July.

Currency heatmap.

The Ratio Has Rejected Exactly Where It Needed To The Gold/Silver ratio fell to 64.92 in late August and then mounted a recovery to 67.64. That rebound ran directly into the descending resistance line that has capped the ratio throughout the broader decline, and it has now rolled over again to around 65.90.

The technical backdrop supports the reversal. The ratio remains below its four-hour 55 EMA at 66.79, MACD is negative and below its signal line, and RSI has dropped to around 34.70. Silver therefore retains the relative advantage while the descending trendline caps the upside.

But there’s an important distinction. The ratio has turned lower again; it hasn’t yet confirmed another extension of the downtrend. The next test is 64.92, the late-August low. A return there would complete most of the recent round trip from support to resistance and back. A decisive break below 64.92 would be the stronger signal that Silver’s relative strength is accelerating.

ActionForex’s Technical View on Silver: Reaching Its Trigger First Silver itself is now approaching 67.47, which capped the previous rebound and provides the clearest immediate breakout level. The recovery from 63.28 has already carried price back above the four-hour 55 EMA at 66.34, while momentum has improved alongside it. MACD is positive at roughly 0.09 versus 0.02 for the signal line, and RSI has climbed to around 56.81.

A clean break of 67.47 would open the way for a retest of 71.16. More importantly, the move would be emerging from a technically solid foundation. The recent correction found support around 62.54–62.92, where a structural pivot overlaps closely with the 50% retracement of the entire rise from 54.78 to 71.16.

That confluence keeps the broader rise from 54.78 intact under the current wave interpretation. Silver is therefore not simply chasing higher from an extended condition — it has corrected, held a meaningful support zone, and is now attempting to restart the advance.

ActionForex’s Technical View on Gold: The Harder Part of the Test Gold hasn’t reached the same point yet. Its rebound from 4,282.23 stalled at 4,510.90, and price subsequently slipped back beneath the four-hour 55 EMA at 4,433.28. At around 4,411.26, Gold is showing much less momentum than Silver. RSI is almost perfectly neutral at 49.85, while MACD remains slightly negative.

That makes 4,510.90 the level that matters most for Gold. A firm break would suggest the decline from 4,697.07 completed at 4,282.23 and would reopen the way toward a retest of 4,697.07. Until then, Gold remains inside its corrective structure.

This difference is exactly why Silver is interesting as a possible leading indicator. Silver is already close to its breakout trigger. Gold is not.

Silver Can Lead, but Gold Has to Follow There’s a tempting story here: Silver breaks 67.47, the ratio continues lower, and Gold follows through 4,510.90 shortly afterward. If that sequence happens, Silver’s relative strength would have provided an early indication that the broader precious-metals rebound was strengthening before Gold itself confirmed it.

But the thesis has an equally important failure condition. If Silver clears 67.47, runs toward 71.16, and the ratio falls through 64.92, while Gold remains capped below 4,510.90, then Silver wasn’t really leading Gold — it was simply outperforming it. The move could still be powerful, but it would be a Silver-specific relative trend rather than a signal that Gold was preparing for its own breakout.

That distinction matters because relative strength is observable. A leading relationship has to be demonstrated.

Three Numbers Will Tell Us Whether the Relationship Is Real The setup now comes down to three levels. For Silver, 67.47 is the immediate trigger — a firm break backed by sustained MACD and RSI strength would open 71.16. For the Gold/Silver ratio, 64.92 is the confirmation point — a decisive break would show Silver’s outperformance accelerating beyond the recent pattern. And for Gold, 4,510.90 is the final test.

That last level is the most important for the broader thesis. Silver can outperform without telling us anything about Gold. But if Silver breaks first and Gold subsequently clears 4,510.90, the case that Silver was providing a genuine leading tell becomes much stronger.

Silver is closer to its breakout. Whether it’s actually leading Gold will only become clear if Gold eventually follows through its own.

Key Takeaways Silver is outperforming Gold on the same Dollar-weakness tailwind, a divergence that has been building in the Gold/Silver ratio for roughly two months. The ratio rejected resistance near 67.64 and has rolled over to 65.90, with 64.92 as the confirmation level for Silver’s relative strength accelerating further. Silver is approaching its own breakout trigger at 67.47, backed by a solid technical foundation after finding support at the 62.54-62.92 confluence zone. Gold’s equivalent trigger, 4,510.90, is further away, with the metal showing far less momentum (neutral RSI, slightly negative MACD) than Silver right now. Whether Silver is genuinely leading Gold, rather than just outperforming it, will only be confirmed if Gold also clears 4,510.90 after Silver breaks 67.47.

ActionForex

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Scotiabank strategists Shaun Osborne and Eric Theoret describe GBP/USD as slightly softer but supported by expectations of further Bank of England (BoE) tightening into year-end. With limited data before Friday’s trade and industrial production releases, markets price incremental hikes for November and December. They highlight a bullish medium-term trend, yet see the pair constrained in a near-term 1.3500–1.3600 range as traders watch fiscal risks into the Autumn Statement.

Pound supported but range bound"As with EUR and the ECB, the outlook for relative central bank policy remains supportive for the pound, given expectations for tightening into year-end."

"The September 17 meeting offers little, however short term rates markets are currently pricing in 16bpts of tightening for November 5th, and just over 30bpts for December 17th."

"Political developments have been limited and we continue to highlight the risk of sentiment-related movement tied to fiscal risks into the Autumn Statement (budget) scheduled for late October."

"The medium-term trend is bullish, with a clear sequence of higher lows and higher highs since late June."

"We look to a near-term range bound between 1.3500 and 1.3600."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

By

:

Published: Sep 8, 2026, 16:53 GMT+00:00

$1.16261

-0.02%

Key Points:EUR/USD is swinging between gains and losses as traders react to Germany's Exports data. USD/CAD made an attempt to settle below the support at 1.3750 - 1.3765.USD/JPY rebounded from session lows as traders focused on rising Treasury yields.

EUR/USD

-0.02%

EUR/USD ForecastGBP/USD

-0.07%

GBP/USD ForecastUSD/CAD

-0.13%

USD/CAD ForecastUSD/JPY

+0.28%

USD/JPY Forecast

U.S. Dollar Attempts To Rebound After Recent Pullback

DXY 080926 4h Chart U.S. Dollar Index moved away from session lows as traders focused on rising Treasury yields. The yield of 2-year Treasuries climbed towards the 4.40% level, while the yield of 10-year Treasuries settled near 4.80%.

I’d note that Bessent’s buyback efforts have so far failed to push yields of longer-dated bonds lower. The yield of 30-year Treasuries settled near 5.25%, close to the critical 5.30% level.

In case U.S. Dollar Index climbs above the 99.00 level, it will head towards the nearest resistance level, which is located in the 99.25 – 99.40 range.

EUR/USD Stays Above The 1.1600 Level EUR/USD 080926 4h Chart EUR/USD is mostly flat as traders focus on Germany’s Exports report. The report showed that Exports decreased by -0.8% month-over-month in July, compared to analyst forecast of 0%.

I believe that traders are already cautious ahead of the ECB Interest Rate Decision, which will be released on Thursday.

The nearest support level for EUR/USD is located in the 1.1600 – 1.1615 range. If EUR/USD manages to settle below the 1.1600 level, it will head towards the next support level at 1.1500 – 1.1515. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.

GBP/USD Attempts To Settle Above 1.3565 GBP/USD 080926 4h Chart GBP/USD continues its attempts to settle above the resistance level at 1.3550 – 1.3565 as traders focus on the BRC Retail Sales Monitor report from the UK. The report showed that Retail Sales increased by +0.5% year-over-year in August, compared to analyst forecast of +1.2%.

If GBP/USD manages to settle above the 1.3565 level, it will head towards the next resistance, which is located in the 1.3635 – 1.3650 range. On the support side, a move below the 50 MA at 1.3533 will push GBP/USD towards the next support at 1.3470 – 1.3485.

USD/CAD Rebounds From Session Lows

USD/CAD 080926 4h Chart USD/CAD moved lower as traders focused on U.S. – Canada trade war. Canada’s Prime Minister Mark Carney said that counter-tarrifs against the U.S. were necessary to protect Canadian businesses. Interestingly, the market does not believe that the trade war is a negative catalyst for the Canadian currency.

From the technical point of view, USD/CAD made an attempt to settle below the support level at 1.3750 – 1.3765 but lost momentum and rebounded towards the 1.3790 level. In case USD/CAD settles back above 1.3800, it will head towards the nearest resistance at 1.3825 – 1.3840. A successful test of this level will push USD/CAD towards the next resistance at 1.3900 – 1.3915.

USD/JPY Climbed Back Above 154.00 Amid Rising Treasury Yields USD/JPY 080926 4h Chart USD/JPY attempts to rebound after the strong sell-off as traders react to rising Treasury yields and focus on Japan’s second-quarter GDP Growth Rate report. The report showed that Japan’s GDP Growth Rate was +0.4%, in line with analyst estimates.

Traders try to guess whether BoJ is ready to intervene again at current levels or the Bank has finished its interventions. The expectations of a rate hike from the BoJ served as an additional bullish catalyst for the yen in recent trading sessions, but Fed may also raise rates at the meeting on September 16.

In case USD/JPY stays above the 154.00 level, it will head towards the resistance level at 155.00 – 155.50. A move above the 155.50 level will open the way to the test of the resistance level at 157.50 – 158.00.

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Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

Latest news and analysis

The Pound Sterling (GBP) registers modest gains of over 0.08% on Tuesday as Bank of England (BoE) policymakers testify before the UK Treasury Select Committee, while a light economic docket in the US keeps the Greenback with a negative tone. The GBP/USD pair trades at 1.3548 after bouncing off the daily low of 1.3521. Read More...

GBP/USD Price Forecast: Consolidates below mid-1.3500s; bullish potential seems intactThe GBP/USD pair struggles to capitalize on the previous day's modest gains and oscillates in a range below mid-1.3500s during the Asian session on Tuesday. The downside, however, remains cushioned as the US Dollar (USD) selling remains unabated on the back of a broadly firmer Japanese Yen (JPY). Read More...

British Pound drifts higher to near 1.3550 on UK fiscal discipline pledgesThe GBP/USD pair gains ground to near 1.3545 during the Asian trading hours on Tuesday. The British Pound (GBP) edges higher against the US Dollar (USD) after UK Chancellor John Healey unveiled a series of measures designed to encourage economic growth and draw more private investment into the UK. Read More...

Silver (XAG/USD) pulls back on Tuesday after failing to hold its earlier advance. At the time of writing, the metal trades around $66 after reaching an intraday high near $67.19. The retreat comes as rising Oil prices add to concerns that inflation could stay elevated and encourage central banks to keep borrowing costs high.

Higher interest rates tend to weigh on Silver because the metal offers no yield. Expectations of tighter Federal Reserve (Fed) policy have strengthened since Friday’s upbeat US employment report, with the CME FedWatch tool showing around a 60% chance of a 25-basis-point rate hike next week.

However, the downside in Silver appears limited as the US Dollar (USD) stays under pressure. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, trades around 98.82 after briefly reclaiming 99, hovering near its lowest level in more than two weeks.

Attention now turns to the US Producer Price Index (PPI) on Thursday and Consumer Price Index (CPI) on Friday. The figures will help determine whether the Fed raises interest rates at its September 15-16 meeting.

Technical Analysis

On the daily chart, XAG/USD holds above the 50-day simple moving average (SMA) at $62 and a dense Fibonacci support band clustered between the 61.8% retracement at $60.97 and the 38.2% level at $64.80, suggesting downside attempts remain cushioned for now.

However, price still trades below the 100-day SMA at $67.28 and the 23.6% Fibonacci retracement at $67.17, keeping the broader tone neutral, with the Relative Strength Index (RSI) around 53 and a slightly negative Moving Average Convergence Divergence (MACD) hinting at fading upside momentum.

On the topside, initial resistance is seen at the 23.6% Fibonacci retracement at $67.17, closely followed by the 100-day SMA at $67. A daily close above this confluence would open the way toward the next hurdle at the prior swing anchor near $71 and then the 200-day SMA at $72.

On the downside, immediate support comes from the 38.2% retracement at $64.80, with further cushions at the 50% level at $62.89 and the 61.8% retracement at $60.97. A break below this band would expose deeper Fibonacci support at $58.24 and $54.77, where the 50-day SMA at $62 currently underpins the broader consolidation.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

TD Securities remains constructive on South African Rand (ZAR), noting that domestic headwinds have failed to generate sustained weakness and that USD/ZAR’s downtrend remains intact. With Gold prices supported and global risk sentiment resilient, they argue ZAR offers attractive carry and see USD/ZAR rallies as opportunities to sell.

USD/ZAR rallies seen as selling opportunities"In South Africa, domestic headwinds have repeatedly failed to generate sustained ZAR weakness."

"USD/ZAR ignored new domestic political corruption allegation headlines from Q2 '26."

"While the unexpected SARB rate hold decision briefly drove USD/ZAR above the 200d SMA in July, market was able to look past this policy misstep and push USD/ZAR back below 16.00 in August."

"Global macro variables such as gold price and equity risk sentiment continue to serve as the main drivers for ZAR."

"USD/ZAR spot downtrend remains intact. We still view USD/ZAR rallies as selling opportunities so long as gold remains supported above $4,000/oz and global equity sentiment stays resilient."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)