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XAUUSD vs. BTCUSD
XAUUSD paying some notice to higher US yields but so far able to hold a test of 4124, the obstacle to the 4110 low. Upside would need to regain 4170+ to shift the current risk from the low back to 4200.
BTCUSD: Seemed to take a hit from this headline: US CFTC Chairman says today the CFTC is proposing its first round of regulations for crypto markets Via WSJ (followed last week’s boost from SEC rulings).
Finding the 87K area tough again and now dependent on 84460 holding to keep current risk pointed higher although 85K may be more important in keeping a bid.
ISM Services PMI: Small headline miss, Prices up, Employment Up
US ISM Services Employment (Sep) 50.1 vs Exp. 48.8 (Prev. 47.8)Market Update: EUR crosses
Worth noting is the FX market is having more trouble absorbing the USD buy side of EUR crosses, both when it was selling off earlier and then a modest bounce a short while ago (e.g. USDJPY bounced above 158).
Next key focus is on the ISM Services PMI, with special attention on the prices paid copmponent.
US PRE-MARKET MOVERS: Mag-7, TSM/INTC, WDC/STX, PTC, VST, AMPX, CHRW/RXO, INSM
ES flat NQ -0.2% RTY -0.2%
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Newsquawk Daily US Opening News – 5th October 2026
(Right click on any image (or chart) to open a full screen in a new tab)
EURUSD WEEKLY: Crisis of confidence?
EUR has been slammed, both vs. the dollar and on its crosses, by French debt concerns in what appears to be a crisis of confidence.
As Bobby and I pointed out following the break of 1.15, the next key level (and potential target) was 1.1065 (today’s range: 1.1160 – 1.1260) and it has been a choppy road in that direction.
Whether there will be a run at 1.1065 will be dictated by how it trades vs. 1.12 (currently back above it) and if the market chooses the path of least resistance via EUR crosses should there be more selling.
In our blog
Why did US bonds reverse course with ripple effects on Friday?
U.S. Jobs Report Sparks Market Reversal as Inflation Fears Return
Newsquawk Week in Focus 4-9th October 2026: FOMC Minutes, US ISM Services PMI, OPEC+, Canadian Jobs and ECB Minutes SEE DETAILED PREVIEWS
Newsquawk US Market Wrap – Stocks gain as rate hike bets ease on soft NFP
Stocks gain as rate hike bets ease on soft NFP
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar down, Gold down
Power of “50”
EURUSD just tested the “50” level at 1.1250 (held) cited earlier as the pivotal one to watch.
Why is the “50” level pivotal, not just in the EURUSD but across markets?
My Favorite Trading Secret: The Power of the “50” Level
XAUUSD vs. BTCUSD: Why interest rates matter
(1 hour charts)
XAUUSD::Reversal in bond yeilds (up) seeing XAUUSD follow (down) with an outside day that is dependent on 4110 holding to contain the downside.
BTCUSD: Finding 87K+ too tough again and dependent on 85K holding to contain its downside and avoid exposing 84418
Market Update: Bond Yields Rebound
Yields more than recouping post-data losses have given the USD a boost (although still down on the day except vs the CAD), weighing on gold and US stock indices paying notice (off highs) as well. Note crude oil bouncing off lows setting up for what is likely a cautious end to the week.
