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Newsquawk Daily US Opening News – 5th October 2026
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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.
US Jobs miss on all fronts plus down revision to prior 2 months… yields down, stocks up, USD down, GOLD up
Market Update: Indices
US500: Saved by a FIBO (7617 low vs 7613 (61.8%) with the bounce seeing 7700 print for the 8th day in a row. So keep an eye on the 7700 pattern as that will ultimately dictate the next directional move.
NAS100: Retreat after a brief new record high at 30903 paused above 33100-250 to keep a bid. 30903 now needs to be broken to build momentum and avoid a lower high.
