Introduction

Global markets enter the new week after mixed performance, with USD/CHF gaining 0.83%, Gold falling 1.28%, Brent rising nearly 10%, BTC dropping 3.8%, and the Nasdaq Composite declining 0.66%. This week, attention shifts to the US, UK and Japan interest-rate decisions, alongside inflation data, Treasury yields, Middle East tensions, oil prices and technology stocks, which could drive significant volatility across financial markets.

Previous Week’s Market Recap

Forex: USD/CHF was the strongest major pair, rising from around 0.8097 to 0.8164, gaining 67 pips (+0.83%), supported by stronger U.S. dollar demand, higher Treasury yields, inflation concerns and expectations for tighter Fed policy. Meanwhile, USD/JPY was the weakest pair, falling from around 156.25 to 153.62, losing 263 pips (-1.68%), as expectations of further BoJ tightening, possible intervention and yen repatriation flows strengthened the Japanese yen.

Metals: Gold was the strongest major precious metal, although it still declined from $4,405.07 to $4,348.72, losing $56.35 (-1.28%) or approximately 564 pips, as rising Treasury yields and stronger expectations for a September Fed rate hike outweighed safe-haven demand. Palladium was the weakest, falling from $1,393.42 to $1,303.39, losing $90.03 (-6.46%) or approximately 900 pips, amid the broader precious-metals selloff.

Energy: Brent was the strongest major energy instrument, rising from around $97.5–$97.9 to $107.5, gaining roughly $9.6–$10.0 or about 960–1,000 points, as Strait of Hormuz disruptions, attacks on oil infrastructure and Middle East supply concerns pushed crude prices higher. Natural gas was the weakest, remaining around $2.86–$2.90/MMBtu, as strong U.S. inventories and ample supply limited upside despite the Middle East energy shock.

Crypto: BNB/USD was the strongest major cryptocurrency, rising from around $720.7 to $727.5, gaining approximately $6.8 (+0.9%), or 680 pips, showing relative strength despite broader crypto weakness. BTC/USD was the weakest major cryptocurrency, falling from around $80,343 to $77,286, losing approximately $3,057 (-3.8%) or 305,700 pips, pressured by higher U.S. yields, ETF outflows, stronger rate-hike expectations and selling below the $80,000 level.

Stocks: META was the strongest major stock, gaining approximately $33.35 (+5.41%), supported by optimism surrounding its AI developments, with the stock jumping particularly strongly on September 9. NVIDIA was the weakest, falling around $12.07 (-5.24%), as higher Treasury yields, broader technology-sector weakness and concerns over elevated AI/semiconductor valuations weighed on the stock.

Indices: Major indices remained under pressure with the Nasdaq Composite the strongest major performer, falling 173.95 points (-0.66%) from 26,506.99 to 26,333.04. The Nikkei 225 was the weakest, losing 1,009.60 points (-1.55%), as surging oil prices, higher yields and expectations for tighter monetary policy weighed on global equities.

Important Events This Week:

FOREX : USDJPY & GBPUSD

US , UK and Japan Interest Rates Decisions : US, UK & Japan Interest Rate Decisions: The US Fed will announce its rate decision on Wednesday, 16 September at 6pm GMT, with rates forecast at 4.00%, as inflation remains a key concern. The UK follows on Thursday, 17 September at 11am GMT, with rates expected at 3.75%, amid easing inflation but continued energy-price risks. Japan will release its decision on Friday, 18 September, with rates forecast at 1.25%, as the BoJ continues to monitor inflation and economic conditions.

USDJPY

USD/JPY is testing key support around 153.71. A break and hold above 155.17 could support a BUY toward 157.12, with SL 153.71 and RR around 1:1.3. A rejection from 155.17 could trigger a SELL toward 149.50, with SL 155.17 and RR around 1:2.9. A break below 153.71 would strengthen the bearish outlook toward 149.50. Always apply risk management.

GBP/USD is testing key resistance around 1.35148. A break and hold above 1.35148 could support a BUY toward 1.36675, with SL 1.34667 and RR around 1:3.2. A rejection from 1.35148 could trigger a SELL toward 1.34261, with SL 1.36675 and RR around 1:1.7. A break below 1.34667 would strengthen the bearish outlook toward 1.34261, with further downside possible toward 1.33976. Always apply risk management

METALS : XAUUSD ( GOLD )

Gold prices this week will mainly be driven by the Fed rate decision and U.S. inflation data, with expectations for a 4.00% rate influencing the dollar and Treasury yields. U.S. economic data, UK/Japan rate decisions, Middle East tensions, oil prices and safe-haven demand could also increase volatility, while a weaker dollar and lower yields would generally support gold.

GOLD (XAU/USD) is testing key support around 4,348.51. A break and hold above 4,350.07 could support a BUY toward 4,572.99, with SL 4,270.16 and RR around 1:2.9. A rejection around 4,350.07 could trigger a SELL toward 4,209.01, with SL 4,430.00 and RR around 1:1.7. A break below 4,270.16 would strengthen the bearish outlook toward 4,209.01, with further downside possible toward 4,166.06 and 4,123.11. Always apply risk management.

ENERGY : USOIL

USOIL this week will mainly be driven by US–Iran/Middle East tensions and disruptions to oil shipments, keeping supply fears elevated, alongside U.S. crude inventory data and the Fed’s interest-rate decision, which could affect the dollar and demand expectations. Any progress toward a ceasefire could pressure oil lower, while further attacks or supply disruptions could push prices higher.

WTI Crude Oil is testing key resistance at 104.61. A break and hold above 104.61 could support a BUY toward 124.52, with SL 102.44 and RR around 1:9.2. A rejection from 104.61 could trigger a SELL toward 94.00, with SL 106.00 and RR around 1:7.6. A break below 94.00 would strengthen the bearish outlook toward 89.04, with further downside possible toward 84.86. Always apply risk management.

CRYPTO : BTCUSD ( BITCOIN )

This week, Bitcoin will mainly be driven by the U.S. Federal Reserve rate decision on Wednesday, 16 September, with inflation, Treasury yields and the U.S. dollar shaping expectations, a hawkish Fed/rising yields could pressure BTC, while a dovish signal could support a move higher. ETF flows, the U.S. retail-sales data, Japan’s rate decision and ongoing Middle East/oil tensions will also influence risk sentiment and BTC volatility.

BTC/USD is testing key support at 75,963.81. A break and hold above 81,912.54 could support a BUY toward 82,891.28, with SL 75,963.81 and RR around 1:0.2. A rejection from 81,912.54 could trigger a SELL toward 75,154.64, with SL 82,891.28 and RR around 1:6.9. A break below 75,963.81 would strengthen the bearish outlook toward 75,154.64, with further downside possible toward 73,592.43 and 72,495.17.

STOCKS : NVIDIA

Nvidia (NVDA) could be driven this week by Wednesday’s Fed interest-rate decision and Powell’s guidance, with higher rates and Treasury yields potentially pressuring tech stocks; AI-sector sentiment and demand for Nvidia’s chips, China/export-policy developments, and broader Nasdaq performance will also be key. Rising oil prices and Middle East tensions could add inflation pressure and further influence rate expectations.

NVDA is testing key support around 215.21. A break and hold above 221.70 could support a BUY toward 235.33, with SL 215.21 and RR around 1:2.1. A rejection from 221.70 could trigger a SELL toward 211.60, with SL 235.33 and RR around 1:0.7. A break below 215.21 would strengthen the bearish outlook toward 211.60, with further downside possible toward 206.80 and 203.44.

INDICES : Nasdaq Composite

This week, the Nasdaq Composite will mainly be driven by the Fed’s interest-rate decision and guidance, U.S. inflation and retail-sales data, Treasury yields, oil prices and Middle East tensions, and performance in major technology/AI stocks. A hawkish Fed, higher yields or rising oil could pressure Nasdaq, while softer inflation, falling yields and strong tech earnings could support a rebound.

Nasdaq Composite Index is testing key support around 25,924.59. A break and hold above 26,339.21 could support a BUY toward 27,536.76, with SL 25,924.59 and RR around 1:2.9. A rejection from 26,339.21 could trigger a SELL toward 25,924.59, with SL 27,536.76 and RR around 1:0.3. A break below 25,924.59 would strengthen the bearish outlook toward 25,599.06, with further downside possible toward 25,370.41 and 25,141.76.

Weekly Market Outlook: Gold Eyes $4,573, WTI Targets $124.52, Bitcoin Tests $81,913 & Nasdaq Eyes 27,537 — What’s Next This Week?