Global markets ended the week on a positive note as soft U.S. economic data and cooling inflation raised expectations for a September Federal Reserve rate cut. The euro recovered on steady inflation and ECB easing prospects, while the pound remained resilient despite weak UK labor market data.
The yen strengthened following Japan’s GDP contraction, and gold faced pressure from easing geopolitical risks. Brent crude posted weekly gains on improved trade sentiment, though it was capped by rising inventories and potential supply increases. Equity markets rallied strongly, led by tech giants and robust corporate earnings.
| Time | Cur. | Event | Forecast | Previous |
| 06:00 | EUR | German CPI (MoM) (Jul) | 0.3% | 0.0% |
| 14:30 | USD | Crude Oil Inventories | - | -3.029% |
EUR/USD rose 0.50% to 1.1680 in the North American session after mixed U.S. inflation data and President Trump’s threat to sue Fed Chair Powell. Optimism held as U.S. stocks rallied despite flat headline CPI. While core inflation beat expectations, investors largely ignored it, with over a 90% chance of a Fed rate cut already priced in.
EUR/USD is targeting resistance at 1.1725, with support at 1.1550.
| R1: 1.1725 | S1: 1.1550 |
| R2: 1.1795 | S2: 1.1500 |
| R3: 1.1830 | S3: 1.1350 |
The yen weakened past 148 per dollar on Tuesday, marking a third straight decline as improving global trade prospects reduced demand for the safe-haven currency. The U.S.–China tariff truce was extended for another 90 days, easing tensions and giving negotiators more time to work toward an agreement.
USD/JPY faces resistance at 149.00, with support at 147.00.
| R1: 149.00 | S1: 147.00 |
| R2: 151.50 | S2: 143.00 |
| R3: 152.40 | S3: 140.00 |
Gold steadied near $3,350 per ounce on Wednesday as traders evaluated the Federal Reserve’s policy outlook following the latest CPI release. July’s headline inflation was 2.7%, slightly below the 2.8% forecast, while core inflation rose from 2.9% to 3.1%. The data eased concerns about tariff-driven price pressures and strengthened expectations for a 25 basis point Fed rate cut in September, supporting the non-yielding metal. Investors now look ahead to upcoming figures, including PPI, weekly jobless claims, and retail sales.
Gold is testing resistance at $3,400, with support at $3,320.
| R1: 3400 | S1: 3320 |
| R2: 3460 | S2: 3270 |
| R3: 3500 | S3: 3230 |
The British pound rose to $1.344 after UK payrolls fell by only 8,000 in July, the smallest drop since January and better than forecasts for a 20,000 decline. Revisions showed smaller prior losses, suggesting the labour market may be weathering the Labour government’s £26 billion tax hike better than the expectations. Unemployment held at a four-year high of 4.7%, while private-sector wage growth eased slightly to 4.8% from 4.9% but stayed well above the Bank of England’s 2% inflation target level.
GBP/USD is seeing resistance at 1.3580, with initial support at 1.3340.
| R1: 1.3580 | S1: 1.3340 |
| R2: 1.3650 | S2: 1.3260 |
| R3: 1.3700 | S3: 1.3000 |
Silver held at $38.2 per ounce on Wednesday, extending its strong year-to-date rally supported by firm industrial demand and expectations of Federal Reserve rate cuts. Much of the optimism came from China’s solar sector, with May installations surging 300% year-on-year to a record 93 gigawatts ahead of new rules that will make grid connections more difficult.
The State Grid Corporation of China also announced over $90 billion in planned grid infrastructure investment this year to cut solar power curtailment and ease concerns about future demand for photovoltaic panels, silver’s main industrial use.
Silver is testing resistance at $39.00, with support at $36.50.
| R1: 39.00 | S1: 36.50 |
| R2: 40.50 | S2: 35.50 |
| R3: 41.20 | S3: 33.90 |
Pasar mengakhiri pekan dengan fokus pada kebijakan bank sentral dan perkembangan geopolitik, seiring dengan kenaikan suku bunga yang diperkirakan oleh ECB dan penilaian investor terhadap prospek pengetatan lebih lanjut.
Detail Dolar Tetap Menguat di Tengah Meningkatnya Risiko (06.11.2026)Pasar tetap berhati-hati pada hari Kamis karena investor menyeimbangkan meningkatnya risiko geopolitik dengan ekspektasi bank sentral utama. Indeks dolar mendekati level tertinggi dua bulan di angka 100 karena risiko konflik Timur Tengah dan percepatan inflasi membuat spekulasi kenaikan suku bunga Fed pada bulan Desember tetap hidup.
Detail Pasar Berupaya Memulihkan Stabilitas di Tengah Konflik AS-Iran (06.10.2026)Pada hari Rabu, pasar mengalihkan perhatiannya ke Bank Sentral Eropa seiring dengan pulihnya euro secara moderat dari titik terendah baru-baru ini.
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