(By ATFX Analyst Team)
Key Takeaways
Today’s focus: Eurozone September Consumer Confidence (Preliminary) is projected to remain in negative territory, underscoring persistent caution regarding energy costs and labor market dynamics. U.S. September Richmond Fed Manufacturing Index (Forecast: 4 | Previous: 5): A weaker print would reinforce prevailing indications of persistent manufacturing sector softness within a sustained higher interest rate environment. |
Global Market Review 22/09/2026
- U.S. equity markets advanced, with the Nasdaq achieving a record close.
- The yield on the U.S. 10-year Treasury note declined, whereas the U.S. Dollar Index appreciated by 0.13%.
- Spot gold decreased by 0.8%, driven by market expectations of continued Federal Reserve tightening and prevailing hawkish central bank rhetoric, which bolstered the dollar.
- WTI crude oil prices fell by over 3%, as market participants monitored diplomatic developments related to Middle East tensions during the United Nations General Assembly.
Key Events Today:
Japan Holiday
| Time (GMT+8) | Event | Importance |
|---|---|---|
| 11:10 | RBA Governor Michele Bullock Speaks | *** |
| 22:00 | EU Consumer Confidence Flash SEP | ** |
| 22:00 | US Richmond Fed Manufacturing Index SEP | ** |
[ATFX] September 23 Key Data & Events to Watch (GMT+8)
Japan Holiday
NYMEX October Crude Contract Expiry
| Time (GMT+8) | Event | Importance |
|---|---|---|
| 04:30 | API Crude Oil Stock Change | *** |
| 07:00 | AU Manufacturing & Services & Composite PMI Flash SEP | ** |
| 15:30 | EU GERMANY Manufacturing & Services & Composite PMI Flash SEP | ** |
| 16:00 | EU Manufacturing & Services & Composite PMI Flash SEP | ** |
| 16:30 | UK Manufacturing & Services & Composite PMI Flash SEP | ** |
| 21:45 | US Manufacturing & Services & Composite Flash SEP | ** |
| 22:30 | EIA Crude Oil Stocks Change | ** |
Markets Analysis 22/09/2026
- Resistance: 1.1488 / 1.1512
- Support: 1.1434 / 1.1411
The euro depreciated against the U.S. dollar in response to renewed hawkish rhetoric from the Federal Reserve, while lingering political uncertainty in Germany further constrained investor sentiment.
Analyst View: EUR/USD remains confined to a narrow consolidation range near recent lows. As long as the pair stays below 1.1500, downside pressure is likely to persist.
Bias: Range Trading
- Resistance: 1.3407 / 1.3435
- Support: 1.3342 / 1.3314
The British pound exhibited range-bound trading dynamics, briefly testing the 1.3400 level before retracting in the context of broad-based U.S. dollar strength.
Analyst View: With limited domestic catalysts from the UK, GBP/USD is expected to continue consolidating within its current lower trading range.
Bias: Range Trading
- Resistance: 158.26 / 158.70
- Support: 156.76 / 156.19
USD/JPY advanced for the fifth session out of six, reaching its highest level since September 3, thereby reigniting concerns regarding potential currency market intervention.
Analyst View: Momentum has improved following a break above the 20-day moving average, with scope for a move beyond 158.00.
Bias: Short-Term Bullish
- Resistance: 95.61 / 97.74
- Support: 88.71 / 86.61
Crude oil prices extended their declines, reaching their lowest level since September 8, as market optimism increased regarding the potential for diplomatic initiatives at the United Nations to facilitate de-escalation of Middle East tensions.
Analyst View: News of ongoing diplomatic engagement in the region is likely to remain a bearish influence on crude prices. Price break below key moving-average support leaves prices vulnerable to a further test of the $90 area.
Bias: Bearish
- Resistance: 4405 / 4438
- Support: 4300 / 4267
- Resistance: 67.43 / 68.32
- Support: 65.31 / 64.60
Gold prices declined in the latest session as further Federal Reserve officials signaled support for additional interest rate increases, thereby reinforcing market expectations for a sustained period of tighter monetary policy.
Analyst View: Gold surrendered the previous session’s gains but held above its 10-day moving average. Immediate resistance remains near the 20-day moving average around $4,390.
Bias: Range Trading
- Resistance: 52,397 / 52,776
- Support: 51,551 / 51,179
U.S. equity markets experienced a broad-based rally, driven primarily by advances in technology and artificial intelligence sectors, with additional support from declining yields and oil prices.
Analyst View: A break above the 10-day moving average would strengthen the near-term recovery outlook and expose resistance above 52,400.
Bias: Short-Term Bullish
- Resistance: 30,826 / 30,996
- Support: 30,248 / 30,026
The Nasdaq Composite Index attained a record close, propelled by gains in AMD and other leading artificial intelligence–related equities, while semiconductor stocks demonstrated notable outperformance.
Analyst View: Optimism surrounding potential AI-related discussions between U.S. and Chinese leaders remains supportive. Momentum remains constructive above recent highs.
Bias: Short-Term Bullish
- Resistance: 86,862 / 87,734
- Support: 84,041 / 83,155
Bitcoin advanced to its highest level since January, supported by substantial capital rotation into higher-risk assets amid declining U.S. Treasury yields. Additionally, moderating oil prices contributed to easing broader inflationary pressures.
Analyst View: The broader trend remains positive, although some profit-taking may emerge ahead of the key psychological resistance at $90,000.
Bias: Short-Term Bullish
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