WEEKLY MARKET REPORT | 7th – 11th September
Another important week ahead, with US inflation, the ECB and UK & Japanese GDP data set to drive volatility across global markets.
Inside this week’s report:
📅 Key economic events & market-moving data
🖥 Technical analysis on Gold, US Oil, GBP/USD, USD/JPY & GBP/JPY
🦅 Fed, RBNZ & BoC policy expectations
🛢 Oil & Strait of Hormuz developments
Know the events. Know the levels. Prepare for the week ahead.
💾 Download this week’s Weekly Market Report
🗓 KEY ECONOMIC EVENTS THIS WEEK
A busy week ahead, with central bank policy, inflation and GDP data likely to drive market volatility.
🇯🇵 Japan GDP – An important measure of economic growth that could influence JPY sentiment and expectations around future Bank of Japan policy.
🇪🇺 Eurozone Interest Rate Decision – One of the week's major events. Traders will be watching the ECB decision and accompanying guidance for clues on the direction of European interest rates.
🇺🇸 US PPI – Producer inflation provides an early indication of price pressures within the US economy ahead of the more closely watched CPI release.
🇬🇧 UK GDP – Key growth data that could influence GBP and expectations surrounding the UK economy.
🇺🇸 US CPI – The week's headline inflation release. Any significant deviation from expectations could cause sharp moves across USD, Gold and US indices, while also influencing expectations for future Federal Reserve policy.
⚠️ Thursday and Friday could see particularly high volatility, with multiple major releases scheduled.
🟠 BITCOIN CONSOLIDATES — $82,000 REMAINS THE LEVEL TO BEAT
Bitcoin is currently consolidating below the major $82,000 resistance zone, following the strong recovery we've seen over the past week.
BTC has repeatedly struggled to establish itself above $82K, with sellers and profit-taking appearing as price approaches the upper end of the range.
After a significant move higher, consolidation is not necessarily bearish. It represents a period where buyers and sellers are competing for control while the market determines its next direction.
There is also an interesting development on-chain.
Approximately 45,000 BTC has moved onto exchanges, which would traditionally be interpreted as potential selling pressure. However, BTC has still experienced substantial price swings without exchange supply producing the bearish reaction that might normally be expected.
This is an important reminder that BTC moving onto exchanges creates the potential to sell — it doesn't necessarily mean those coins will be sold.
The $82,000 area remains the key ceiling.
A decisive breakout and sustained hold above this region would indicate that buyers are regaining control and could provide the foundation for another leg higher.
However, another rejection — particularly alongside increased profit-taking — could keep Bitcoin trapped within its current consolidation range and potentially send price back towards the lower end of the range.
For now:
Bullish recovery → $82K rejection → Consolidation → Waiting for the breakout.
The next decisive move outside this range could tell us considerably more about Bitcoin's short-term direction.
🍏 Apple's new CEO John Ternus expected to debut foldable iPhone at event this afternoon
Apple is expected to unveil its first foldable iPhone today, marking one of the company's biggest product changes in years and the first major launch under new CEO John Ternus.
AAPL currently sits around $315–$316, after falling from approximately $330 earlier this month. Premarket trading has also been relatively flat, suggesting traders are largely waiting for today's announcement before committing to a direction.
The key question is whether the foldable iPhone can reignite buying interest or whether the announcement triggers further profit-taking.
Historically, Apple product launches can produce a "buy the rumour, sell the news" reaction. KeyBanc notes AAPL has averaged a 0.72% decline on iPhone announcement days over the past five years.
With the broader U.S. market also expected to open lower today, the initial move may not be entirely Apple-specific.
AAPL will be one of the key stocks to watch today — particularly once the event begins at 1 PM ET
🍏 APPLE REBOUNDS AFTER MAJOR iPHONE ANNOUNCEMENT
Yesterday we highlighted Apple's highly anticipated product event, which included the company's first foldable iPhone.
AAPL initially sold off, falling towards $310, before buyers stepped back in as the market digested the announcement. The stock subsequently rallied to around $319 — an intraday recovery of roughly $8 per share — before closing at $315.34.
This is a good example of why the first reaction to major news isn't always the final reaction. Initial profit-taking was followed by renewed buying once investors had more time to assess Apple's new product lineup.
Apple is trading around $317 in pre-market, while the September high sits around $330 per share.
The key question now is whether yesterday's rebound develops into sustained buying pressure and another attempt towards the $330 region, or whether sellers regain control following the announcement.
AAPL remains one of the key stocks to watch at today's market open.
📹 Trade Apple (AAPL)
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🛢CRUDE OIL REACHES A 3-MONTH HIGH
Crude Oil has continued its strong move higher, with WTI pushing towards $100 per barrel and reaching its highest level since early June.
The move is being driven largely by escalating tensions in the Middle East, with renewed attacks on tankers and energy infrastructure increasing concerns over global oil supply.
Brent has already broken through the key $100 level, while WTI is now approaching the same psychological barrier.
🟥 $100 is now the key level for Crude Oil traders to watch.
A sustained break above it could open the door to further upside if supply concerns continue.
🌟 WE FLAGGED APPLE ON WEDNESDAY — THEN THIS HAPPENED
On Wednesday, we highlighted Apple's major iPhone announcement and told traders to watch AAPL closely for the opportunity that could follow.
Apple initially dropped towards $310, but that weakness quickly turned into an opportunity.
Since then, AAPL has rallied to above $330, with Friday's move reaching around $336 — more than $20 per share from Wednesday's lows.
This is exactly why we post these market updates and breakdowns.
Not to chase a move after it happens — but to highlight the news, levels and potential opportunities before the market makes its move.
Wednesday: ~$310
Friday high: ~$336
Move: +$26 per share
Another major market event. Another opportunity highlighted for our traders.
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▶️ Weekly Market Outlook | Key Levels to Watch
Traders, this week’s technical outlook highlights major opportunities on:
BTCUSD , EURUSD , GBPUSD , LINKUSD , NAS100 , XAUUSD
We'll break down each pair's Daily Support & Resistance zones, helping you:
✅ Spot potential breakout or reversal areas
✅ Build your trade plan with confidence
✅ Align setups with this week’s price structure
📺 Watch the full video for a complete breakdown
🗓 THIS WEEK’S KEY MARKET EVENTS
A major week for monetary policy, with three central bank interest rate decisions alongside important inflation data from Canada and the UK.
🇨🇦 Canada CPI – Key inflation data that could influence expectations for future Bank of Canada policy and drive volatility across CAD pairs.
🇬🇧 UK CPI – A major release ahead of the Bank of England decision, giving traders the latest indication of inflationary pressures in the UK.
🇺🇸 US Interest Rate Decision – The headline event of the week. Markets will be focused not only on the Fed’s decision, but also its guidance on the path of interest rates. Expect potential volatility across USD, Gold, US stocks and crypto.
🇬🇧 UK Interest Rate Decision – Coming one day after UK CPI, the Bank of England’s decision and outlook could create significant movement across GBP markets.
🇯🇵 Japan Interest Rate Decision – The Bank of Japan closes out the week, with traders watching closely for any change in policy or guidance.
⚠️ Wednesday through Friday could see significant market volatility, particularly around the US, UK and Japan rate decisions.
🇺🇲 FED INTEREST RATE DECISION TOMORROW
The Federal Reserve will announce its latest interest rate decision tomorrow, an event that could trigger significant volatility across GOLD, the US Dollar and US equities.
Markets will be watching closely for both the decision itself and the Fed’s outlook on monetary policy.
🦅 US Interest Rate
Previous: 3.75%
Forecast: 4.00%
🔼 A more dovish decision could weaken the USD and provide further support for GOLD.
🔽 A more hawkish decision could strengthen the USD and put GOLD under selling pressure.
Higher interest rates increase the cost of borrowing and can attract foreign capital into the US Dollar. A rate cut — or a more cautious/dovish Fed tone — can push capital elsewhere.
Gold traders should expect increased volatility around the announcement, with the initial move potentially being extremely sharp.
⚠️ Importantly, the 4% forecast is already largely priced into the market. That means simply hitting 4% may not be enough to generate a major sustained move.
A sharp move is more likely to require a genuine surprise — either in the rate decision itself or in the Fed's guidance on what comes next.
✅ETHEREUM RALLY — INSTITUTIONAL MONEY MOVES INTO ETH
Ethereum has joined Bitcoin in the latest crypto rally, with ETH gaining around 60% during Q3.
One of the biggest factors to watch is institutional demand. Ethereum ETFs recorded $216M in net inflows on September 11, highlighting significant capital continuing to move into ETH.
Despite the strong quarter, ETH has now pulled back from above $2,600 and is trading around $2,477.
🟥 Key level to watch: $2,450
This area has repeatedly attracted buyers and is now acting as major support. Holding above it keeps the broader bullish structure intact, while a break below could signal that momentum is beginning to weaken.
Strong ETF inflows + major support being tested = ETH is one to watch closely this week.
🌟 US SENATE REJECTS CLARITY ACT — CRYPTO MARKETS SELL OFF
The US Senate failed to advance the CLARITY Act yesterday, delivering a major setback to efforts to establish a clearer regulatory framework for digital assets in the United States.
The procedural vote finished 49–50, well short of the 60 votes required to advance the legislation.
Markets reacted quickly:
🔻 BTC fell around 4%, briefly dropping below $75,000
🔻 ETH fell around 5% toward $2,400
🔻 XRP was hit particularly hard, falling almost 12% toward $1.30
Why does this matter?
The CLARITY Act was designed to establish clearer rules around how digital assets are regulated in the US, including the respective roles of the SEC and CFTC.
Its failure means much of the regulatory uncertainty surrounding the sector remains — something markets had increasingly hoped Congress would resolve.
🌟 FED HIKES RATES — GOLD DROPS SHARPLY
The Federal Reserve has raised US interest rates by 25 basis points, taking the target range from 3.50–3.75% to 3.75–4.00% — the Fed’s first rate increase in more than three years. The decision was unanimous, 12–0.
The Fed stated that inflation remains elevated and that today’s action is intended to support a return toward its 2% inflation target.
💵 Gold reacted immediately.
After trading above $4,360, XAUUSD dropped rapidly toward $4,280 as the decision hit the market — a move of roughly $80 per ounce.
Higher US rates generally support the dollar and raise the opportunity cost of holding non-yielding assets such as Gold, putting pressure on the metal. Ahead of the decision, markets had already heavily priced in a 25bp hike, meaning the bigger focus now is Kevin Warsh’s press conference and what it signals about future rate increases.
❕ Watch Gold closely.
With the rate hike largely expected, Warsh’s comments on inflation and the path of future interest rates could determine whether this sell-off continues or Gold begins to recover.
🚀 SPACEX SURGES 9% — IS A BREAKOUT NEXT?
SpaceX has delivered another strong week, recovering from around $143 on Tuesday to $155.66 in pre-market trading — a move of almost 9%.
The stock has now returned to the $154–$155 resistance area, with pre-market trading pushing above this level. This makes the current area particularly important to watch for a potential breakout.
SpaceX has reportedly received an FCC nod for global Starlink mobile services, as the company targets 5G connectivity directly from space.
Meanwhile, Starship Flight 14 is now scheduled for September 28, with the mission expected to deploy production Gen-3 Starlink satellites for the first time, pending regulatory approval.
These developments give traders two important upcoming catalysts to monitor alongside the strong price action.
😎 KEY LEVELS
$143–144 — Weekly support
$148–150 — Breakout/recovery zone
$154–155 — Key resistance
$155.66 — Pre-market
Strong momentum + a potential technical breakout + major Starlink and Starship developments means SpaceX should remain firmly on traders' watchlists heading into next week.
🗓 THIS WEEK’S KEY MARKET EVENTS
A quieter economic calendar compared with last week, but several important releases could still create volatility across the markets.
🇪🇺 Eurozone Consumer Confidence – Provides an indication of household sentiment and expectations across the Eurozone, offering insight into the strength of consumer demand.
🇦🇺 Australia Unemployment Rate – Key labour market data that could influence expectations around future RBA monetary policy and AUD movement.
🇨🇭 Switzerland Interest Rate Decision – The major central bank event of the week. Traders will be watching the SNB’s decision and guidance closely for potential movement across CHF pairs.
🇨🇦 Canada Retail Sales – An important measure of consumer spending and the strength of the Canadian economy, with potential implications for CAD.
🇺🇸 US Durable Goods Orders – Provides insight into business investment and demand for long-lasting goods, with stronger or weaker data potentially affecting USD, Gold and US indices.
⚠️ Thursday will be the busiest day of the week, with several major releases scheduled across different markets.
🟠 BITCOIN HITS A 7-MONTH HIGH — CRYPTO MARKET BACK ABOVE $3 TRILLION
Bitcoin has continued its strong recovery, briefly pushing above $87,000 and reaching its highest level since January. The move has helped lift the total crypto market value back above $3 trillion for the first time since January.
Institutional demand has returned. US spot Bitcoin ETFs recorded $433M of inflows on Friday, helping reverse the heavy outflows seen earlier in the week.
At the same time, Bitcoin breaking through major resistance levels triggered a significant short squeeze. Around $920M in crypto short positions were liquidated on Monday as traders betting against the rally were forced to buy back into the market.
WHAT SHOULD TRADERS WATCH NEXT?
After the initial surge, Bitcoin has started to consolidate around $85,000–$86,000.
Rather than chasing the move higher, attention now shifts to whether BTC can hold these elevated prices and build another breakout.
🔼 Bullish scenario: A move back through the recent high could bring the $88,000–$90,000 area into focus.
🔽 Pullback scenario: If momentum fades, watch $85,000 closely. A pullback into previous breakout areas could provide a clearer indication of whether buyers are still supporting the move.
💡 ETF flows remain key. Continued institutional inflows would strengthen the case that demand is supporting the rally rather than this simply being a short-term spike.
For traders, the opportunity now is in the reaction — not chasing the initial move.
Video 2026 09 23 - PTG - ZECUSD.mp4 · 115.2 MB · click to show
💸📊 ZEC/USD Chart Outlook | Setup to Watch
🚨 Zcash is trading around all-time-high territory, with the broader trend still pointing firmly to the upside.
🔎 After the recent pullback, price action is now showing signs that the correction may be coming to an end — potentially setting the stage for the next bullish continuation. 📈
👀 Is ZEC preparing for another leg higher?
▶️ Watch the full video for the complete technical breakdown and key levels to watch.
🌟 GOLD FALLS TO WEEKLY LOW — $4,250 SUPPORT NOW IN FOCUS
Gold has extended its decline, falling to around $4,259 and reaching a fresh weekly low.
The latest move comes as the US bond market sold off and Treasury yields surged, while stronger US economic data increased expectations that the Federal Reserve may have to continue tightening monetary policy. A stronger US dollar has added further pressure to Gold.
💡Remember the relationship:
Bonds sell off → Yields rise → USD strengthens → Gold comes under pressure
With Gold producing no yield itself, higher returns on US Treasuries can make the metal less attractive relative to interest-bearing assets.
The initial sell-off has already happened. The focus now should be on Gold's reaction around $4,250 rather than chasing the move lower.
🔽 Break below $4,250: If sellers can push through the support area and price holds below it, this would indicate that bearish momentum remains strong and could open the door to another leg lower.
🔼 $4,250 holds: If buyers begin defending the area and Gold moves back above the breakdown, traders can start looking for evidence that the sell-off is losing momentum.
The key is confirmation. $4,250 is now the level to watch — the reaction around it could determine Gold's next major move.
🔎 MORE GOLD ANALYSIS HERE
🌟 ETHEREUM IS ON THE EDGE OF A BREAKOUT — $2,700 IS THE LEVEL
Ethereum has recovered sharply from yesterday’s sell-off and is now trading around $2,688, putting $2,700 firmly back in focus.
ETH bounced after approaching the 20-day EMA around $2,626, with buyers quickly pushing price back towards the top of its short-term range.
⚠️ WHAT HAPPENS NEXT IS IMPORTANT
$2,700 is the key breakout level.
🔼 Break and hold above $2,700: This would strengthen the bullish momentum and put the recent highs back in focus, with the weekly high of $2,806 becoming the major upside level to watch.
🔽 Rejection at $2,700: ETH could remain range-bound and potentially retest lower support before another breakout attempt.
For traders, don't chase the recovery — watch the reaction at $2,700.
A confirmed break and hold could provide a much clearer opportunity as attention shifts towards $2,806.
📢 THIS WEEK’S KEY MARKET EVENTS
A major week ahead, with Australian monetary policy, inflation data, US growth figures and Nonfarm Payrolls all in focus.
🇦🇺 Australia Interest Rate Decision – The RBA’s latest policy decision will be closely watched for any change in rates or guidance on the future direction of monetary policy.
🇦🇺 Australia CPI – Released the following day, inflation data could further influence expectations around future RBA decisions and create volatility across AUD pairs.
🇩🇪 Germany Unemployment Rate – An important look at the labour market in Europe’s largest economy, with potential implications for EUR sentiment.
🇺🇸 US GDP – Key economic growth data that could influence expectations for the US economy and drive movement across USD, Gold and US indices.
🇺🇸 US Nonfarm Payrolls (NFP) – The headline event of the week. Employment growth will be closely watched for its implications for future Federal Reserve policy, with the potential for significant volatility across global markets.
⚠️ Wednesday and Friday will be particularly important for traders, with US GDP followed by NFP later in the week.
💰 GOLD HITS 7-WEEK LOW — IS A RECOVERY ABOUT TO BEGIN?
Gold has suffered a sharp sell-off, falling from above $4,300 and reaching a 7-week low around $4,110.
The decline has been driven by a difficult macro environment for Gold. Elevated Treasury yields, a stronger US dollar and expectations of further Federal Reserve tightening have increased pressure on the non-yielding asset.
After the aggressive decline, however, Gold is beginning to stabilise.
Price has recovered towards $4,150 and is now consolidating within the $4,110–$4,200 area.
The initial sell-off has already happened. The opportunity now is in identifying whether this consolidation develops into a genuine recovery.
🔼 Above $4,200: A break and hold above the top of the consolidation could indicate buyers are returning and strengthen the case for a recovery.
🔽 Below $4,110: This is the 7-week low and key support. A confirmed break below it would suggest sellers remain in control and could open another move lower.
For now, $4,110–$4,200 is the zone that matters. Don't chase the previous sell-off — watch for confirmation of which side breaks first.
❕ MORE GOLD ANALYSIS HERE
🌟 MICRON JUST BLEW THROUGH EXPECTATIONS — WHAT HAPPENS TODAY?
Micron ($MU) delivered another blockbuster earnings report after yesterday’s close.
Q4 RESULTS
• Revenue: $54.23B vs ~$51.3B expected
• Adjusted EPS: $33.42 vs $31.72 expected
• Revenue +379% YoY
• Adjusted EPS +1,003% YoY
But the bigger story is the outlook.
Q1 GUIDANCE
Micron expects around $61.5B in revenue, well above Wall Street expectations of roughly $57.4B.
The company is seeing continued demand for memory and storage from AI infrastructure, with management also pointing to ongoing supply constraints.
So what should traders watch today?
🟥 THE $1,100 AREA
MU closed yesterday around $1,065, with the stock initially moving higher after the release.
A sustained move through the $1,100 area would put the stock back into breakout territory and bring the previous all-time high around $1,255 into focus.
But after such a huge run into earnings, traders also need to watch whether the market sells the news.
The key question today isn't simply whether Micron beat expectations.
It's whether buyers are willing to keep pushing the stock higher after an already massive move.
⚠️ Watch the opening volatility, volume and reaction around the key levels before chasing the move.
We’ll be watching MU closely today.
NIKE AT A 13-YEAR LOW — EARNINGS AFTER THE CLOSE
Nike ($NKE) has fallen 12.4% in just 10 days, with the stock now trading around $35.70 and sitting near levels last seen over a decade ago.
But the next major catalyst is coming tonight.
🤩 NIKE EARNINGS — AFTER CLOSE
Expected:
• Revenue: $11.3B
• EPS: $0.44
With expectations already subdued, the market will be watching more than just whether Nike beats or misses.
😎 KEY LEVELS
$35.15 — Recent low / key support
$36.50 — Immediate resistance
$37.00–$37.50 — Next resistance zone
Nike is already heavily beaten down, so tonight's reaction could be significant.
The question isn't simply “Did Nike beat earnings?”
It's whether the numbers and guidance are strong enough to convince buyers that the long decline is beginning to turn.
⚠️ Watch the reaction, volume and key levels after the release — not just the headline EPS number.
🗓 UPCOMING ECONOMIC INDICATORS TO LOOK OUT FOR – OCTOBER 02
—
🇺🇸 USD
• Average Hourly Earnings m/m: Forecast: 0.3% | Previous: 0.3%
• Non-Farm Employment Change: Forecast: 89K | Previous: 162K
• Unemployment Rate: Forecast: 4.1% | Previous: 4.1%
The September employment report will be the session's main volatility event. Payroll growth is expected to slow sharply from August, while unemployment is expected to remain unchanged. Wage growth will be equally important because stronger earnings could reinforce inflation concerns and expectations for tighter Fed policy.
—
💡 Trader Tip:
US Nonfarm Payrolls will be Friday's key volatility catalyst. Watch the combination of payroll growth, unemployment and wages rather than focusing on the headline NFP figure alone. With Treasury yields already elevated and markets actively reassessing the Fed's next move, a significant surprise could generate sharp moves in DXY, XAU/USD, GBP/USD and NZD/USD. Gold and FX traders should also remain alert to oil-driven inflation expectations and Middle East headlines, which can amplify moves around the employment release.
—
🚀 SPACEX SURGES 6% — THREE LAUNCHES + GOOGLE AI DEAL
SpaceX ($SPCX) has just posted a sharp move higher, gaining around 6% in 24 hours and pushing back toward the $160 level.
The catalyst? SpaceX completed an extraordinary three launches in less than 13 hours, including NASA's Crew-13 mission to the International Space Station, a 130-payload rideshare mission carrying Google's first orbital AI experiment, and a classified U.S. intelligence mission.
But the launch activity isn't the only story.
🏳️🌈 GOOGLE + SPACEX
Google's multi-year agreement with SpaceX is now entering its full-payment period.
Google is set to pay approximately $920M per month from October 2026 through June 2029 for access to around 110,000 NVIDIA GPUs and related computing capacity.
That adds another major revenue stream to SpaceX's growing AI + space infrastructure story.
🟥 NOW WATCH $160
SPCX is approaching the $160 resistance area highlighted on our chart.
A sustained break above this level could signal another attempt at the recent highs.
But after a 6% move in just 24 hours, traders should also watch for profit-taking if buyers fail to push through $160.
Key levels:
🔽 $160 — immediate resistance / breakout level
🔼 $158–159 — current price area
🔼 $154 — first major support below the breakout
SpaceX is increasingly becoming more than just a launch company.
Starlink + launches + AI compute + major technology partnerships are all becoming part of the market's valuation story.
🔴 $160 is the level we're watching next.
🚀 Trade SpaceX (SPCX)
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