Euro Hits Highs amid Risk Appetite (04.09.2026)
Markets leaned toward a risk-on tone as easing geopolitical tensions and falling oil prices supported currencies and tempered inflation expectations.
Euro climbed to a multi-month high near $1.17 as investors scaled back expectations for aggressive ECB tightening, while sterling also strengthened toward recent highs. In contrast, the Japanese yen weakened under pressure from a firmer dollar and rising energy costs. The offshore yuan held firm above 6.83 per dollar, supported by China’s stable energy supply position and a steady domestic outlook, despite ongoing regional conflicts.
Precious metals showed mixed performance, with gold stabilizing near $4,700 as yields limited gains, while silver retreated toward $73.5 amid ongoing geopolitical uncertainty.
Brent crude climbed close to $97 per barrel, regaining part of its earlier losses as renewed military activity in the region raised fresh questions about the durability of the ceasefire. Reports of suspended tanker flows through Hormuz kept supply concerns visible, even as diplomatic channels remained active.
Nasdaq 100 rose to around 24,887, delivering a strong session gain of nearly 3%. While near-term movement has been relatively steady, the index continues to reflect solid yearly performance exceeding 35%.
Overall, sentiment improved, though markets remain sensitive to developments around the Middle East and energy markets.
Technical Outlook on Charts
Euro Hits Multi-Month High
Gold settled near $4,700
Yen Retreats Amid Stronger Dollar
Sterling Nears $1.34 Highs
Silver Softens Toward $73.5
Markets leaned toward a risk-on tone as easing geopolitical tensions and falling oil prices supported currencies and tempered inflation expectations.
Euro climbed to a multi-month high near $1.17 as investors scaled back expectations for aggressive ECB tightening, while sterling also strengthened toward recent highs. In contrast, the Japanese yen weakened under pressure from a firmer dollar and rising energy costs. The offshore yuan held firm above 6.83 per dollar, supported by China’s stable energy supply position and a steady domestic outlook, despite ongoing regional conflicts.
Precious metals showed mixed performance, with gold stabilizing near $4,700 as yields limited gains, while silver retreated toward $73.5 amid ongoing geopolitical uncertainty.
Brent crude climbed close to $97 per barrel, regaining part of its earlier losses as renewed military activity in the region raised fresh questions about the durability of the ceasefire. Reports of suspended tanker flows through Hormuz kept supply concerns visible, even as diplomatic channels remained active.
Nasdaq 100 rose to around 24,887, delivering a strong session gain of nearly 3%. While near-term movement has been relatively steady, the index continues to reflect solid yearly performance exceeding 35%.
Overall, sentiment improved, though markets remain sensitive to developments around the Middle East and energy markets.
Technical Outlook on Charts
Euro Hits Multi-Month High
Gold settled near $4,700
Yen Retreats Amid Stronger Dollar
Sterling Nears $1.34 Highs
Silver Softens Toward $73.5
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