Improving prospects for a US-Iran agreement supported risk sentiment and reduced demand for the US dollar.
The euro and British pound advanced, helped by expectations that a potential deal could ease pressure on energy markets and lower inflation risks.
Reports of US military operations in southern Iran reminded markets that tensions remain unresolved. This combination of diplomatic progress and ongoing security concerns limited moves in traditional safe havens.
Gold slipped below $4,550, silver gave back part of its recent rebound, and the Japanese yen remained range-bound as traders weighed geopolitical developments against central-bank expectations.
| Time | Cur. | Event | Forecast | Previous |
| 17:00 | USD | CB Consumer Confidence | 91.8 | 92.8 |
The euro climbed to $1.163, recovering from a six-week low as improving prospects for a US-Iran agreement weighed on oil prices and reduced demand for the dollar.
Secretary of State Marco Rubio described the proposed agreement as “pretty solid.”
For EUR/USD, the initial resistance is seen at 1.1660, while the closest support is positioned at 1.1580.
| R1: 1.1660 | S1: 1.1580 |
| R2: 1.1700 | S2: 1.1520 |
| R3: 1.1750 | S3: 1.1440 |
Gold slipped below $4,550 as traders weighed conflicting developments from the Middle East.
Reports indicated that the US Central Command targeted missile launch sites and vessels suspected of mine-laying activity in southern Iran, while Washington continued diplomatic discussions with Tehran. Trump said negotiations were progressing well but warned that military action could intensify if talks fail.
First resistance is seen at $4590, with initial support near $4500.
| R1: 4590 | S1: 4500 |
| R2: 4650 | S2: 4450 |
| R3: 4740 | S3: 4310 |
The Japanese yen traded near 159 per dollar, holding a narrow range.
Despite the heightened tensions across the globe, the currency remained mostly stable as traders balanced risks against expectations for future Bank of Japan policy.
Initial resistance stands at 159.50, while the first support is located at 158.20.
| R1: 159.50 | S1: 158.20 |
| R2: 161.50 | S2: 157.20 |
| R3: 163.20 | S3: 156.00 |
Sterling strengthened toward $1.35, reaching its highest level since May 13 as improving prospects for a US-Iran agreement improved market sentiment. The pound also drew support from reduced expectations for additional Bank of England tightening following a series of softer UK economic reports.
From a technical view, resistance stands near 1.3520, with support around 1.3440.
| R1: 1.3220 | S1: 1.3440 |
| R2: 1.3580 | S2: 1.3350 |
| R3: 1.3630 | S3: 1.3200 |
Silver fell below $77 per ounce, giving back part of the previous session’s gains.
From a technical view, resistance stands near $77.70 while support is located around $75.
| R1: 77.70 | S1: 75.00 |
| R2: 80.50 | S2: 72.80 |
| R3: 82.50 | S3: 69.00 |
Fed, BOJ Hikes Lift Dollar as Oil Falls (21 – 25 September)Global markets entered the week balancing tighter monetary policy against signs of easing Middle East energy risks. The Federal Reserve remains the main macro driver after raising rates to 3.75%–4.00%, its first hike since 2023, and signaling that another increase remains possible this year. The Dollar Index advanced to 100.4, while Treasury yields remained elevated. The Bank of Japan also tightened policy, raising rates to 1.25%, although dissent within the board suggested that future increases could come at a slower pace.
Detail Falling Oil Prices Support Metals (09.21.2026)Easing oil prices offered some relief to financial markets as renewed diplomatic efforts in the Middle East reduced immediate inflation concerns.
BOJ Takes Rates to a 31-Year HighThe Bank of Japan raised its key short-term interest rate by 25 basis points to 1.25% in September, pushing borrowing costs to their highest level since April 1995 and taking another step away from decades of ultra-loose monetary policy.
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