Gold breaks important support levels a day ahead of the Fed decision, during which the market is largely confident of an interest rate hike Gold is down about 0.75% today, pulling back toward $4,266 per ounce on the eve of the Federal Reserve decision. Short-term investors fear position reductions in gold due to sharply rising […]
Commodity Overview It is worth noting the low RSI on the part of coffee, gold, and nickel, while at the same time an extremely high level is found on oil and European gas. Source: XTB Natgas European Natgas is already trading around 83 EUR/MWh, approaching resistance associated with the 127.2 Fibonacci retracement of the March-April […]
Gold continues its September sell-off. An ounce is currently trading below $4,270, representing its lowest level in five weeks. The precious metal has lost nearly 9% relative to its August peak, with September alone bringing a drop of over 3%. Figure 1: Gold and US 10-Year Treasury Yield [Inverted Axis] (2026) Source: XTB Research, 15.09.2026 […]
Market Bias: Bearish Technical Setup EUR/GBP has rejected the 0.8585 resistance level, reinforcing the recent bearish structure. On the daily timeframe, the pair is also trading below its 100-period exponential moving average (EMA), keeping the broader technical bias tilted to the downside. The 0.8585 area represents an important technical confluence zone, with resistance aligning with […]
Today Markets Analysis: UK wage growth slowed to 3.9% year-on-year in the three months to July 2026, down from 4.2% previously and marking the softest annual increase since the three months to February. At the same time, UK employment increased by just 67,000, its smallest gain in five months. The combination of moderating pay growth […]
Today Markets Analysis: WTI crude oil has reclaimed the $99 per barrel level, extending its recent advance as escalating Middle East tensions raise concerns over regional supply and keep a geopolitical risk premium embedded in oil prices. With crude trading close to its highest levels since May, the market remains focused on the potential for […]
Today Markets Analysis: Iron ore futures have fallen below CNY 710 per tonne, reaching a three-week low as rising global shipments and weakening Chinese steel demand reinforce concerns that the market remains oversupplied. While steel mills could return to the market to replenish inventories ahead of China’s October National Day holiday, the underlying demand picture […]
Today Markets Analysis: Gold is attempting to stabilise after falling to a more than one-month low, with XAU/USD recovering from the $4,284–$4,283 area during Asian trading. The rebound shows buyers are still defending important technical support, but the broader environment remains challenging as markets price a Federal Reserve rate hike and US Treasury yields push […]
Today Markets Analysis: Silver is facing renewed selling pressure as rising energy prices, firmer inflation expectations and surging US Treasury yields strengthen the case for tighter monetary policy. XAG/USD fell for a second consecutive session on Tuesday, trading around $63.20 per troy ounce during Asian hours. The move highlights a difficult combination for silver. While […]
Today Markets Analysis: The Euro remains under pressure against the US Dollar, with EUR/USD trading below 1.1550 for a fourth consecutive session as investors await Wednesday’s Federal Reserve decision. Rising US rate expectations, elevated Treasury yields and renewed geopolitical tensions are combining to support the Dollar, leaving the Euro struggling to regain momentum. EUR/USD was […]