Euro Gains Ahead of ECB Decision (09.10.2026)

Monetary policy expectations remained the main driver on Thursday, with the euro advancing toward 1.1640 ahead of a widely anticipated ECB rate hike. 

Sterling also moved higher as surging energy costs reinforced expectations for further Bank of England tightening, while the yen stayed near seven-month highs ahead of next week’s expected BOJ move. Gold held around $4,400 and silver remained above $67 as traders awaited fresh U.S. producer and consumer inflation data for clues on the Fed’s next steps.

Euro Advances to $1.1640

The euro rose toward $1.1640, touching its highest level since late August as investors positioned ahead of the European Central Bank's policy decision on Thursday. Markets anticipate another interest rate increase and a continued data-dependent approach, even as ongoing military conflicts in Iran create further uncertainty for regional inflation trends.

The first resistance is positioned at 1.1680 while the support starts from 1.1600.

Gold Stays Flat Near $4,400

Gold held near $4,400 per ounce on Thursday, preserving gains from the prior session as market participants awaited incoming US inflation data for direction on future Federal Reserve interest rate moves. Investors are monitoring Thursday's producer price index report, followed by key consumer price figures scheduled for release on Friday.

First resistance is seen at $4440, with initial support near $4390.

Yen Keeps Stable Near 153.4

The Japanese yen hovered around 153.4 per dollar on Thursday, remaining near seven-month peaks ahead of an anticipated Bank of Japan rate hike next week. Board members are broadly expected to raise the key interest rate to 1.25%, reaching a three-decade high following the central bank's previous tightening action in June.

First resistance is seen at 154.50, with initial support near 152.80.

Pound Edges to $1.354

The British pound rose toward $1.354, sustained by expanding expectations that the Bank of England will pursue additional interest rate increases to counter mounting inflation. Meanwhile, energy markets surged as Brent crude briefly touched $100 per barrel and domestic natural gas hit multi-year highs, driven by intensifying Middle East conflict and heightened supply disruption fears.

From a technical view, resistance stands near 1.3570, with support around 1.3500.

Silver Holds Above $67

Silver traded above $67 per ounce on Thursday, maintaining recent gains while investors focused on key US inflation reports that could shape future Federal Reserve policy. The August producer price index arrives later today, followed by consumer inflation figures scheduled for release on Friday.

From a technical view, resistance stands near $68.50, while support is located around $64,90.