September 2, 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 to a ten day low late in the week after Federal Reserve Chair Kevin Warsh warned that US inflation had not meaningfully improved, raising the prospect of further rate hikes and boosting the dollar.
The British pound declined after the dollar rose against its rivals at the end of the week, as expectations increased that the Fed would hike interest rates as soon as September.
The USD/JPY jumped to an almost one month high despite rising expectations that the Bank of Japan might increase rates to 1.25% on September 18th.
Gold prices ended lower after hitting a three month peak early in the week. Fed Chair Warsh’s Jackson Hole speech raised the prospect of higher interest rates, making non yielding gold less attractive to investors.
The US S&P 500 rose after tech behemoth NVIDIA reported much better than expected results. The company issued a strong outlook underlining continued demand for its AI chips.
Oil prices fell to a two week low before paring losses after Iran and Oman reportedly discussed opening a temporary corridor through the Strait of Hormuz.