Renewed expectations for further Federal Reserve tightening kept the dollar supported as policymakers continued to warn about persistent inflation risks.
Gold slipped toward $4,320 and silver remained below $66, although falling oil prices provided some support as Middle East diplomatic efforts progressed. The euro stayed near 1.148 amid political uncertainty in Germany and fiscal concerns in France, while sterling remained below 1.34 as lower energy prices reduced BoE rate hike expectations. Meanwhile, the yen weakened toward 157.5, keeping the risk of Japanese intervention in focus.
| Time | Cur. | Event | Forecast | Previous |
| All Day | JPY | Japan – (Holiday) | ||
| 11:00 | EUR | ECB President Lagarde Speaks |
The euro hovered near late-July lows around $1.148, weighed down by German political turmoil and rising concerns over French government debt. Germany's ruling CDU party suffered major state election setbacks in Mecklenburg-Western Pomerania and Berlin, prompting internal calls for Chancellor Friedrich Merz to resign after just 16 months in office. Across the border, France faced growing financial scrutiny as credit rating agencies Scope Ratings and Morningstar DBRS issued downgraded outlooks ahead of next year's presidential election.
The first resistance is positioned at 1.1500 while the support starts from 1.1450.
| R1: 1.1500 | S1: 1.1450 |
| R2: 1.1520 | S2: 1.1400 |
| R3: 1.1550 | S3: 1.1370 |
Gold hovered near $4,320 per ounce on Tuesday, extending losses as firm signals from Federal Reserve officials increased expectations for further US interest rate hikes. Comments from Goolsbee regarding supply challenges and Musalem on potential policy tightening weighed on the non-yielding asset. Softer oil prices provided mild support, aided by active diplomatic efforts in the Middle East. Broader structural factors continue to back gold, including persistent central bank purchasing, geopolitical tensions, and ongoing worries about fiscal stability.
First resistance is seen at $4385, with initial support near $4300.
| R1: 4385 | S1: 4300 |
| R2: 4420 | S2: 4260 |
| R3: 4450 | S3: 4200 |
The Japanese yen slipped toward 157.5 per dollar on Tuesday, declining for a third consecutive session and keeping markets alert for potential intervention during Japan's holiday. Thin holiday liquidity has previously served as a backdrop for official action, and concern grew following reports of a central bank rate check on Friday. Meanwhile, broader dollar strength and the Bank of Japan's cautious tone on growth continue to weigh on the currency.
First resistance is seen at 158.40, with initial support near 156.80.
| R1: 158.40 | S1: 156.80 |
| R2: 160.00 | S2: 155.50 |
| R3: 161.50 | S3: 154.00 |
The British pound remained under $1.34 as market participants trimmed Bank of England interest rate hike expectations following a pullback in energy prices. Crude fell toward $100 after signs of diplomatic opening between the United States and Iran helped cool supply disruption concerns. Lower energy costs directly impact Britain's inflation outlook and monetary policy path. Meanwhile, attention is turning toward upcoming fiscal policy decisions, including potential real estate tax updates, while firm Fed tightening expectations keep the dollar supported.
From a technical view, resistance stands near 1.3420, with support around 1.3330.
| R1: 1.3420 | S1: 1.3330 |
| R2: 1.3480 | S2: 1.3270 |
| R3: 1.3550 | S3: 1.3200 |
Silver held beneath $66 per ounce on Tuesday, remaining under pressure as strict policy signals from Federal Reserve officials raised market expectations for further interest rate hikes. Statements from Chicago Fed President Austan Goolsbee and St. Louis Fed President Alberto Musalem highlighted ongoing inflation risks and potential policy tightening. However, a drop in crude oil prices offered some support for the metal, driven by diplomatic progress in the Middle East and stable regional energy supplies.
From a technical view, resistance stands near $67.00, while support is located around $65,00.
| R1: 67.00 | S1: 65.00 |
| R2: 68.50 | S2: 63.90 |
| R3: 70.00 | S3: 62.00 |
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.
Detail Kenaikan Suku Bunga The Fed Menentukan Arah Pasar (18/09/2026)Kebijakan moneter tetap menjadi faktor pendorong utama pada akhir pekan menyusul kenaikan suku bunga pertama oleh Federal Reserve sejak Juli 2023.
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