Last Updated on 28/09/2026
NASDAQ 100
The NASDAQ 100 posted solid gains for most of the week, showing signs of recovering from recent volatility and regaining upward momentum. While elevated interest rates continue to create some caution among investors, the broader trend remains constructive, suggesting the index could move higher over time.
Recent price action indicates that buyers remain eager to step in during pullbacks. Market participants continue to view dips as buying opportunities, helping the index maintain its resilience despite the challenging interest-rate environment.
EUR/USD
The euro weakened throughout much of the week, falling toward the 1.14 level before finding support and recovering some ground near the end of the trading period. Whether this rebound can be sustained remains uncertain.
If U.S. interest rates continue to rise, the dollar may retain its advantage, potentially placing additional pressure on the euro in the near term.
Gold
Gold moved lower during the week as rising bond yields and higher interest-rate expectations weighed on investor sentiment. The precious metal may continue to face headwinds in the short term.
However, the longer-term outlook remains more balanced. While volatility and uncertainty are likely to persist, any significant pullback could eventually attract buyers looking for value.
Copper
Copper experienced significant volatility, including a sharp rally that struggled to maintain momentum. The market remains caught between strong long-term fundamentals and short-term uncertainty.
Resistance near the $7 level continues to limit advances. Nevertheless, concerns about constrained mine supply, combined with growing demand from electrification projects and AI-related infrastructure, remain supportive factors for the metal over the longer term.
USD/CAD
The U.S. dollar surged against the Canadian dollar for most of the week and appears to be targeting the key 1.42 level.
Interest-rate differences and overall market risk sentiment remain major drivers of the pair. Ongoing trade-related tensions between the two economies also continue to influence price action. The 1.42 area may act as a significant resistance zone.
Silver
Silver declined during the week but continues to trade within its established range. Traders remain focused on whether demand from electrification projects and AI-related industries will provide additional support.
With interest rates remaining elevated, silver faces conflicting forces that could keep price action volatile. Resistance near the $70 level may prove difficult to overcome in the near term.
GBP/USD
The British pound weakened against the U.S. dollar and tested a key support area around 1.3250. Buyers emerged at that level, helping to stabilize the pair.
For now, the market appears to be consolidating within a broader range. Since interest-rate policies in the United Kingdom and the United States are relatively similar, yield differentials are playing a smaller role in driving the exchange rate.
USD/MXN
The U.S. dollar strengthened sharply against the Mexican peso as rising U.S. interest rates boosted demand for the greenback. Given Mexico’s close economic ties to the United States, shifts in U.S. monetary conditions can have a significant impact on this currency pair.
Even so, resistance may emerge as prices approach the 18.00 peso level. While higher U.S. rates have narrowed the interest-rate advantage traditionally enjoyed by the peso, carry-trade considerations could still influence market behavior over the longer term.
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