![\"\"](\"https:\/\/www.ad-fx.com\/wp-content\/uploads\/2026\/09\/image-173-1024x585.png\")
<\/figure>\n\n\n\nSilver (XAGUSD)<\/h2>\n\n\n\n
Silver (XAGUSD) closed at $62.94 per ounce, down 1.10% on the day, declining more than gold. After rising to 64.923 during the European session, silver retreated during the U.S. session to 62.298 and ultimately closed below the daily MA5 (63.57). Silver has both precious-metal and industrial characteristics, meaning that its performance is influenced by both interest-rate conditions and economic demand. If policy rates remain elevated, precious-metal valuations could continue to face pressure. Whether a short-term rebound can move back above the daily MA5 will be an important indication of the strength of any recovery.<\/p>\n\n\n\n
Euro vs. U.S. Dollar (EURUSD)<\/h2>\n\n\n\n
EURUSD closed at 1.14645, down 0.68%, marking its fifth consecutive daily decline. Following the Fed\u2019s rate hike, the upper end of the U.S. policy-rate range rose to 4.00%, while the European Central Bank\u2019s deposit rate was 2.50% following its September 10 rate decision. The U.S. dollar therefore continued to offer a higher policy rate, while the euro\u2019s rebound remained constrained by the interest-rate differential. During the U.S. session, the euro broke below the 1.1500 level and fell to 1.14605. The close was below the daily MA5 (1.15526) and MA20 (1.16124), with the moving averages in a bearish alignment and the consecutive-decline structure unchanged.<\/p>\n\n\n\n
Going forward, attention will focus on the 1.14605 daily low and the 1.1500 level. If the euro fails to reclaim 1.1500, the weaker trend could continue.<\/p>\n\n\n\n The Dow Jones Index (DJ30) closed at 51,493.9, down 1.27%, or 665 points, marking its third consecutive daily decline. Higher interest rates increase discount rates and financing costs, creating pressure on valuation-sensitive blue-chip stocks. The index rose to 52,303.9 during the European session before retreating to 51,201.4 during the U.S. session, with the 51,500 and 52,000 levels successively breached during the day. The close was below the daily MA5 (52,167.9) and MA20 (52,963.8), indicating a clear short-term weak structure.<\/p>\n\n\n\n Going forward, attention will focus on the range between the daily low of 51,201.4 and the MA100 (51,978.3). Until the MA100 is reclaimed, any rebound may continue to be viewed as a relief move.<\/p>\n\n\n\n U.S. crude oil (WTI \/ trading symbol: USOIL) closed at $102.065 per barrel, down 3.26% on the day. After rising to 105.65 during the Asian session, WTI retreated to 101.033 during the U.S. session. The 102 level was briefly lost and subsequently recovered intraday, but the close remained below the daily MA5 (102.74).<\/p>\n\n\n\n From a policy-transmission perspective, if higher interest rates continue to weigh on financing and investment demand, they could put pressure on the outlook for crude-oil demand. Supply-side risks, however, could increase the risk premium. With both forces at work, the short-term focus should remain on whether prices can reclaim the MA5. The daily MA20 (92.08) remains below the current price. Intraday weakness and the longer-term positioning should therefore be assessed separately. The 99.00 level is the next downside level to monitor.<\/p>\n\n\n\n Following the Federal Reserve\u2019s rate hike, the market will continue to monitor whether inflation can moderate and how higher interest rates affect economic growth. If expectations for monetary tightening persist, rebounds in gold and the euro may continue to face constraints. Technically, attention should focus on the daily MA5 for gold (4,303.67), 1.1500 for the euro, and the daily MA100 for the Dow Jones Index (51,978.3). For WTI crude oil, the focus remains on the 102 level and the area around the daily MA5.<\/p>\n\n\n\n EURUSD<\/strong> \u2014 Resistance: 1.15000 (psychological round-number level) \/ 1.15500\u20131.15562 (round-number level, previous-day high, daily high, Fibonacci 61.8%, 100-day SMA, 5-day SMA) \/ 1.16500\u20131.16537 (round-number level, 10-day high); Support: 1.13328 (60-day low) \/ 1.11500 (psychological round-number level)<\/p>\n\n\n\n Key Price Levels<\/p>\n\n\n\n Market Themes On September 16, the Federal Reserve raised the target range for the federal funds rate by 25 basis points to 3.75%\u20134.00% and emphasized that inflation remained elevated. Higher policy rates increase the opportunity cost of holding non-yielding gold while providing yield-differential support for U.S. dollar assets. Gold, the euro, and the Dow Jones […]<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","class_list":["post-41945","market-overview","type-market-overview","status-publish","hentry"],"acf":[],"yoast_head":"\n![\"\"](\"https:\/\/www.ad-fx.com\/wp-content\/uploads\/2026\/09\/image-174-1024x585.png\")
<\/figure>\n\n\n\nDow Jones Index (DJ30)<\/h2>\n\n\n\n
![\"\"](\"https:\/\/www.ad-fx.com\/wp-content\/uploads\/2026\/09\/image-175-1024x585.png\")
<\/figure>\n\n\n\nU.S. Crude Oil (WTI \/ Trading Symbol: USOIL)<\/h2>\n\n\n\n
![\"\"](\"https:\/\/www.ad-fx.com\/wp-content\/uploads\/2026\/09\/image-176-1024x585.png\")
<\/figure>\n\n\n\nOutlook<\/h2>\n\n\n\n
Instrument<\/th> Direction<\/th> Near R1 \/ S1<\/th> Mid R2 \/ S2<\/th> Far R3 \/ S3<\/th><\/tr><\/thead> DJ30<\/td> Resistance<\/td> 51,978.3\u201352,000.0<\/strong><\/td> Round-number level, 100-day SMA<\/td> 52,454.5\u201352,500.0<\/strong> \u2014 major round-number level, previous-day high, 10-day EMA \/ 53,337.9<\/strong> \u2014 previous-week high<\/td><\/tr> DJ30<\/td> Support<\/td> 51,201.4<\/strong><\/td> Daily low, 10-day low<\/td> 50,500.0<\/strong> \u2014 round-number level \/ 49,000.0<\/strong> \u2014 round-number level<\/td><\/tr> USOIL<\/td> Resistance<\/td> 106.752\u2013106.761<\/strong><\/td> Previous-day high, 10-day high, upper Bollinger Band<\/td> 110.000<\/strong> \u2014 major round-number level \/ 115.000<\/strong> \u2014 major round-number level<\/td><\/tr> USOIL<\/td> Support<\/td> 99.000<\/strong><\/td> Round-number level<\/td> 91.000\u201391.089<\/strong> \u2014 round-number level, previous-week low \/ 81.000<\/strong> \u2014 round-number level, 200-day SMA<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Instrument<\/th> Direction<\/th> Near R1 \/ S1<\/th> Mid R2 \/ S2<\/th> Far R3 \/ S3<\/th><\/tr><\/thead> XAUUSD<\/td> Resistance<\/td> 4,350.00\u20134,351.35<\/strong><\/td> Round-number level, 75-day EMA, 200-day EMA<\/td> 4,441.62\u20134,445.53<\/strong> \u2014 20-day SMA, 21-day SMA \/ 4,696.81\u20134,700.00<\/strong> \u2014 round-number level, 20-day high<\/td><\/tr> XAUUSD<\/td> Support<\/td> 4,197.04\u20134,200.00<\/strong><\/td> Round-number level, lower Bollinger Band<\/td> 4,019.08<\/strong> \u2014 previous-month low \/ 3,942.97<\/strong> \u2014 60-day low<\/td><\/tr> XAGUSD<\/td> Resistance<\/td> 65.000\u201365.060<\/strong><\/td> Major round-number level, 10-day SMA, 250-day EMA<\/td> 68.315<\/strong> \u2014 10-day high, previous-week high \/ 71.154<\/strong> \u2014 20-day high, 60-day high<\/td><\/tr> XAGUSD<\/td> Support<\/td> 61.000<\/strong><\/td> Round-number level<\/td> 56.556<\/strong> \u2014 previous-month low \/ 54.766<\/strong> \u2014 60-day low<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"