September 16, 2026
Risk Disclaimer: The example below is for illustrative purposes only and is based on price movements derived from Contracts for Difference (CFDs). The calculations reflect hypothetical outcomes using historical or specified price data for the relevant instrument on the stated date and are not indicative of future performance. Any reliance placed on this material is strictly at the user’s own risk.
The EUR/USD pair fell as the US dollar continued to recover on relatively high CPI data for August (3.4%), which increased expectations that the US Federal Reserve may hike rates on September 16.
The GBP/USD fell below the 1.3500 level despite stronger-than-expected GDP growth in the UK for July, as US inflation (CPI) remained relatively high ahead of the Fed meeting. The Bank of England, on the other hand, will meet on September 17.
The USD/JPY consolidated below the 155 level after testing more than six-month lows. Expectations for a US Federal Reserve interest rate hike at its September meeting increased. The Bank of Japan, on the other hand, is expected to meet on September 18.
Gold prices fell, testing levels below the $4,300 mark as recent US inflation data (CPI) came in far above the Fed’s 2% target, supporting expectations of a Fed rate hike on September 16.
The US S&P 500 lost 0.8% last week, with US inflation (CPI) coming in far above the Fed’s target of 2%, spooking investors that the Fed may hike its benchmark interest rate to 4% on September 16. Company-related, Apple rose more than 3% last week as the company released its new iPhone models.
Oil prices rose above $100 per barrel for the first time in more than three months. The escalating conflict between Yemen’s Houthis and Saudi Arabia, alongside tanker attacks in the Strait of Hormuz, has pushed oil prices to fresh multi-month highs.