FX, Commodities, and Indices: Major Moves and Key Levels
The U.S. Dollar Index, commodities, indices and cryptocurrencies are testing key levels as markets navigate the U.S. midterm elections, U.S.–Iran negotiations and key economic releases.
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The U.S. dollar index is testing a 10-month uptrend as the U.S. midterm elections, nonfarm payrolls and AI earnings put risk assets on alert.
Razan Hilal, StoneX Media Market Analyst, breaks down the charts across currencies, Treasury yields, commodities, crypto and U.S. indices that traders watch for signs of a market reversal or a deeper risk-off move.
- EUR/USD is rebounding as its daily RSI recovers from oversold conditions last seen in 2015, while the weekly RSI tests levels last seen when the pair traded near parity.
- U.S. 10-year Treasury yields are holding at a key Fibonacci support level, as persistent inflation concerns and Federal Reserve rate hike expectations weigh on risk-on appetite.
- Palantir and AMD earnings put AI-related spending and revenue guidance in focus as the Nasdaq traces a corrective pattern that began in June.
- Gold and silver are rebounding from fresh 2026 lows with oversold readings last seen in 2023, and Brent crude oil is retesting a critical uptrend after pulling back from its 2026 highs.
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