Daily Brief
Thursday, 10 September 2026
Market snapshot · last 24h
Gold -0.06%
$4,458.1
Nasdaq -0.02%
29,442
EUR/USD +0.03%
1.1643
Bitcoin -0.13%
$78,190
Likely market impact typical directional bias under each outcome · not a forecast
▲ rises – little change ▼ falls
Today 13:15 8:15AM ET — EU

Main Refinancing Rate

also covers: Monetary Policy Statement
Better than expectedAs expectedWorse than expected
EUR/USD▲–▼
DAX▼–▲
DXY▼–▲
XAU/USD▲–▼
  • EUR/USD The euro tends to strengthen if the ECB raises rates more than expected, and weaken if it signals looser policy.
  • DAX Higher interest rates can pressure equities as borrowing costs rise, while looser policy can support stock prices.
  • DXY The US dollar tends to weaken if the euro strengthens, and strengthen if the euro weakens.
  • XAU/USD Gold tends to rise when the US dollar weakens and fall when the euro strengthens.
Today 13:30 8:30AM ET — US

Core PPI m/m

also covers: PPI m/m
Better than expectedAs expectedWorse than expected
DXY▲–▼
EUR/USD▼–▲
GBP/USD▼–▲
XAU/USD▼–▲
NQ▼–▲
  • DXY Stronger US inflation data can lead to expectations of higher interest rates, boosting the US dollar.
  • EUR/USD The euro tends to weaken if the US dollar strengthens on stronger US inflation data.
  • GBP/USD The British pound tends to weaken if the US dollar strengthens on stronger US inflation data.
  • XAU/USD Gold tends to weaken when the US dollar strengthens on stronger US inflation data.
  • NQ Higher inflation can lead to expectations of higher interest rates, which can pressure US equities.
Today 13:45 8:45AM ET — EU

ECB Press Conference

Better than expectedAs expectedWorse than expected
EUR/USD▲–▼
DAX▼–▲
DXY▼–▲
XAU/USD▲–▼
  • EUR/USD A tougher ECB stance can strengthen the euro, while a softer stance can weaken it.
  • DAX Tighter monetary policy can pressure equities, while looser policy can support them.
  • DXY The US dollar tends to weaken if the euro strengthens, and strengthen if the euro weakens.
  • XAU/USD Gold tends to rise when the US dollar weakens and fall when the euro strengthens.

Market Moves: Oil, Euro, and Inflation in Focus

As markets open today, traders are keeping a close eye on several key developments. Brent crude oil has surged past $100 per barrel, driven by ongoing geopolitical tensions in the Persian Gulf. Meanwhile, the Euro is holding its ground against the US Dollar, with attention turning to the European Central Bank's upcoming decisions. Additionally, the British Pound is gaining strength, supported by a weaker US Dollar ahead of important US inflation data.

What's on the calendar

Today is packed with significant economic events. President Trump is scheduled to speak, which could have medium impact on the markets. In Europe, the European Central Bank (ECB) will announce its Main Refinancing Rate, with expectations of a rise to 2.65% from 2.40%. This will be followed by the ECB's Monetary Policy Statement and a press conference, both of which are expected to have high impact. Across the Atlantic, the US will release its Producer Price Index (PPI) data, with forecasts suggesting a rise in both core and overall PPI. Additionally, US unemployment claims are expected to remain steady.

What's moving

Brent crude oil has broken above the $100 mark, a level not seen since July, due to persistent geopolitical risks involving the US and Iran. This surge in oil prices is impacting various currencies, including the Indian Rupee, which continues to weaken against the US Dollar. The Euro, despite high oil prices, is maintaining its recent gains against the US Dollar, as traders anticipate the ECB's rate decision. The British Pound is also strengthening, driven by a softer US Dollar and ahead of the US PPI release.

Bottom line

Today's market activity is heavily influenced by geopolitical tensions and upcoming economic data releases. Oil prices are surging, impacting currencies like the Indian Rupee, while the Euro and British Pound are navigating the landscape ahead of key central bank announcements and US inflation data.

This brief is a snapshot of public commentary at the time of writing — not financial advice.

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