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Newsquaek Week in Focus 28th Sept-2nd Oct.: US NFP, PCE, and ISM Manufacturing PMI, RBA, and EZ CPI
US Market Wrap: Stocks gain and oil slides on US/Iran diplomacy optimism
SNAPSHOT: Equities up, Treasuries steepen, Crude down, Dollar down, Gold up
Market Update: Indices (4 hour)
Both consolidating, NAS100 in a stronger position having (barely) extended its record high) and subsequent retracement pausing above 30K.
US500 did not confirm with a new record high and is back to pivoting 7700, currently supported back above it.
What stands out today is a reluctance to chase headlines and gyrations in crude oil given (latest headline suporting the hope crowd). In addition, the early part of next week will likely be dominated by month/quarter end flows.
Market Update (4 hour)
Risk on mood following the dip in crude oil: US stocks up, USD down but US yields only moving marginally so far as markets once again try to trade on hope even though hope is not a trading strategy.
EURUSD: Needs to move firmly above 1.1400 to break current momentum, so far testing 1.1400, (1.1415-20, 49-55 resistance above it).
Newsquawk Daily US Opening News – 25th September 2026
(Right click on any image (or chart) to open a full screen in a new tab)
USDJPY 4 HOUR: Reacts to verbal intervention
Timing of verbal intervention suggests the MoF/BoJ have drawn a line in the sand around 159 to prevent 160 coming into play.
While 158 is pivotal in setting the intra-day tone, 157.76 (just tested) is key support that would need to be firmly broken to confirm a break in current (up) momentum.
COMING UP: Holiday: China Mid-Autumn Festival Market Holiday. Data: German GfK Consumer Confidence (Oct), US Durable Goods Orders (Aug), Atlanta Fed GDP (Q3).
Speakers: Fed’s Williams, Hammack, Schmid; ECB’s Vujcic; BoE Governor Bailey.
Supply: Australia. Credit Ratings: Moody’s on the EU, Italy; Scope Ratings on the EU.
US Market Wrap: Markets choppy on geopolitics, more Fed speak and ORCL data centre woes
SNAPSHOT: Equities mixed, Treasuries steepen, Crude up, Dollar up, Gold down
(Right click on any image (or chart) to open a full screen in a new tab)
USDJPY DAILY: Too soon for an intervention alert?
JPY underperforms: Trading with a bid while above 158, stronger while above 158.50 in a market likely to keep one eye looking over its shoulder for intervention but seems too early to sound an alarm.
In this regard, any approach to 160, should one occur, would raise the alert level but even then much would depend on the overall dollar tone.
