Forex Today: Brexit to keep stealing the show

FXStreet Team FXStreet

Here is what you need to know on Monday, September 14:

The greenback remained weak on Friday but moved off its daily lows following the release of US August inflation figures, which were upbeat. Core CPI in the country ticked higher to 1.7% from 1.6%.

Oxford and AstraZeneca announced they will resume trials of their coronavirus vaccine after pausing them over a week ago, amid possible side effects in one UK participant on the trials. The news may bring some optimism at the weekly opening.

Most major pairs closed the week unchanged, in line with the high levels of uncertainty reported by central bankers. The Sterling Pound was the exception, as it collapsed on Brexit chaos, ending the week at levels last seen in July against the dollar.

Brexit talks last week ended without progress, with differences in important areas still unresolved. Concerns were fueled by the EU’s threat to proceed with legal actions if the UK changes the Withdrawal Agreement. The UK Parliament will discuss this Monday the polemic Internal Market Bill.

Commodities closed the week with modest losses. Gold settled at $1,940 a troy ounce, while WTI finished at $37 a barrel.

US indexes were unable to hold on to gains on Friday, with major indexes closing a second consecutive week in the red.

Author

FXStreet Team

FXStreet

EUR/USD stays near 1.1650 with fading momentum

EUR/USD holds ground after five days of losses, trading around 1.1650 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 39 trends lower, confirming fading momentum rather than oversold conditions.

GBP/USD remains below 1.3450, nine-day EMA

GBP/USD remains subdued for the fourth consecutive day, trading around 1.3430 during the Asian hours on Friday. The momentum indicator 14-day Relative Strength Index at 51.9 is neutral, reflecting slower momentum after firm recent readings. An RSI drop back beneath 50 would strengthen the case for a deeper pullback.

Gold edges lower as USD preserves its recent gains ahead of US NFP report

Gold struggles to capitalize on the previous day's goodish rebound from the vicinity of the $4,400 mark and attracts fresh sellers during the Asian session on Friday. The US Dollar preserves its gains registered over the past two weeks and touches a nearly one-month high, undermining the commodity.

Bitcoin, Ethereum and Ripple find key support, reviving rally hopes

Bitcoin, Ethereum, and Ripple steadied above key support levels on Friday after being rejected at mid-week resistance zones. The short-term recovery prospects remain intact if the top three cryptocurrencies by market capitalization hold these support zones.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

Pepe Price Forecast: PEPE risks 100-day EMA fallout as bullish interest fades

Pepe is under extreme selling pressure, trading in the red for the fifth consecutive day, down 1% at press time on Friday. Pepe’s decline following a 72% hike last week suggests a likely profit-booking phase, while on-chain data indicates declining network activity.