
US Dollar Short-term Outlook: USD Rally on the Line as Midterms, NFP Loom 11 3 2026
DXY is testing pivotal support, with the weekly range breakout likely to determine the next major leg of the trend as key event risk unfolds.
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

DXY is testing pivotal support, with the weekly range breakout likely to determine the next major leg of the trend as key event risk unfolds.

Dollar, Gold Outlook: The dollar is testing a critical 10-month trendline, while gold is challenging its 2026 low and support near $3,870. The U.S. elections, nonfarm payrolls and bond yields are key volatility catalysts to watch this week.

Prediction markets are pricing in nearly 75% odds of a Democratic sweep in this week’s US midterm elections, a development that would result in a split from the single party Republican rule of the past two years - what will it mean for markets?

Yen bulls piled into futures ahead of the BOJ's hawkish hold, while euro shorts reached an 11-year extreme despite EUR/USD holding above support.

USD/JPY and DXY face key resistance levels as markets weigh Fed and BOJ rate expectations, inflation and geopolitical developments

FOMC Chairman Warsh fell short of delivering a clear hint that the Fed would raise rates again in December, resulting in a modestly less-hawkish-than-anticipated short-term interpretation of the event - what does that mean for the US dollar?

Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities, and equity indices charts this week.

US dollar bulls remain firmly positioned, but record euro shorts have failed to break EUR/USD support, raising the risk of a short-covering rally.

From crude to AI, the forces driving US markets have changed dramatically. Thursday's Nasdaq rout triggered an extraordinary Treasury rally, but the dollar barely moved. What happens next could depend on Nasdaq support.

EUR/USD and DXY Forecast: French 10Y yields test levels last seen in 2002 as US and German yields show reversal risks. Key scenarios and levels to watch on the DXY and EURUSD charts

US dollar bulls build exposure as EUR, GBP and AUD shorts reach extremes. COT data hints at potential rebounds despite persistent USD strength.

The US Dollar is testing major support despite hotter inflation as Fed pushback cools yields and forces markets to reassess the path for tightening.

Bond bears had every excuse to wreak havoc after September's inflation surprise. Instead, buyers returned aggressively, leaving Treasury futures threatening to bottom and the dollar struggling to extend its rally.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.