Key Takeaways:
Today’s Focus: US Michigan Consumer Sentiment (forecast 47.6 vs. 48.1 prior) is the main data release, with its inflation expectations in focus given elevated yields and rate-hike bets. Canada’s September Unemployment Rate (forecast 6.5% vs. 6.4%) is also due, while Iran headlines and French bond yields remain key risks. |
Global Market Review 09/10/2026
- Wall Street was mixed (Dow +0.10% to 51,231, S&P 500 -0.47% to 7,765, Nasdaq -1.25% to 27,193).
- The Dollar Index slipped 0.13% to 102.12 as the 2-year yield eased 1.1 bps to 4.757%.
- French yields rose for a sixth straight week on contagion worries, yet the Euro held above 1.1200 and the Pound steadied after BoE’s Greene urged a rate hike.
Important Economic Calendar
Key Events on October 9 (GMT+8)
| Time (GMT+8) | Event | Importance |
|---|---|---|
| 20:30 | CA Unemployment Rate SEP | ** |
| 22:00 | US Michigan Consumer Sentiment Prel OCT | *** |
Key Data and Events Coming Week (October 12–16, GMT+8)
- Monday: US, Canada & Japan Holiday
- Tuesday: RBA Monetary Policy Meeting Minutes; Germany CPI Final SEP; US Existing Home Sales SEP
- Wednesday: CN CPI & PPI SEP; US CPI SEP
- Thursday: US Fed Beige Book; US API Crude Oil Stock Change; AU Unemployment Rate SEP; UK GDP AUG; EU Industrial Production AUG; US PPI SEP; US Initial Jobless Claims; US Retail Sales SEP
- Friday: EIA Crude Oil Stocks Change; BoE Gov Bailey Speech; EU CPI Final SEP; US Industrial Production SEP
Markets Analysis 09/10/2026
- Resistance: 1.1268/1.1311
- Support: 1.1173/1.1131
Analyst’s View: EUR/USD holds above 1.1200 as a softer Dollar offsets France’s fiscal worries, but it remains inside a descending channel; a break above 1.1268/1.1311 would signal a stronger recovery, while a break below 1.1173 exposes 1.1131.
Bias: Cautiously Bearish; watch whether 1.1173 holds
- Resistance: 1.3265/1.3291
- Support: 1.3206/1.3180
Analyst’s View: GBP/USD steadied above 1.3200 as BoE member Greene’s call for a hike offset the bond selloff. While it tests the middle of its range, a break above 1.3265/1.3291 would ease downside pressure, while a break below 1.3180 would renew weakness.
Bias: Range-Bound; watch the 1.3265/1.3291 resistance
- Resistance: 158.34/158.65
- Support: 157.71/157.40
Analyst’s View: USD/JPY stays pinned near 158 as lower US yields and Trump’s Iran pledge briefly pulled it toward 157.50 before a rebound; a break above 158.34/158.65 could extend gains toward 159, while a break below 157.71/157.40 would shift focus lower.
Bias: Neutral; watch for a break of the 157.40–158.65 range
- Resistance: 91.90/92.70
- Support: 90.29/89.48
Analyst’s View: WTI surged on reports of a US three-day Iran strike plan but pared gains after Trump ruled out an attack before the midterms, leaving price inside a rising channel; a break above $91.90/$92.70 would extend the rally, while a loss of $90.29 exposes $89.48.
Bias: Bullish bias; headline-driven and volatile
- Resistance: 4185/4198
- Support: 4139/4126
- Resistance: 60.27/60.70
- Support: 59.31/58.88
Analyst’s View: Gold rebounded as easing Treasury yields softened the dollar. While it is climbing inside a rising channel toward $4,185/$4,198, a loss of $4,139/$4,126 would weaken the recovery. Silver is bouncing from $58.46 and needs a break above $60.27 to extend toward $60.70.
Bias: Gold Cautiously Bullish; Silver Neutral to Cautiously Bullish
- Resistance: 51400/51660
- Support: 51078/50813
Analyst’s View: The Dow edged up 0.10% on lower yields, but it remains in a descending channel below 51400; a break above 51400/51660 would strengthen the recovery, while a break below 51078 puts 50813 back in focus.
Bias: Neutral; watch the 51400 resistance.
- Resistance: 30813/30941
- Support: 30551/30422
Analyst’s View: Tech stocks led the pullback, with the Nasdaq down 1.25% as yields stayed elevated, and NAS100 capped inside a descending channel below 30813; a break above 30813/30941 would ease pressure, while a break below 30551 would expose 30422.
Bias: Cautiously Bearish; watch whether 30551 holds
- Resistance: 82576/83267
- Support: 80774/80242
Analyst’s View: Bitcoin slid below $83,000 as Middle East tensions and soaring yields dented risk appetite, and it is stabilizing near 82,000 below the descending channel resistance; a break above 82576/83267 would ease pressure, while a loss of 80774 exposes 80242.
Bias: Cautiously Bearish; watch the 82576–83267 zone
Disclaimer: This analysis is for reference only and does not constitute investment advice.
