
The dollar regains strength as bond yields remain elevated
A weak September payrolls report did not pull Treasury yields lower. The 10-year recovered to around 5.30%, supporting the dollar as EURUSD broke 1.1350 and approached 1.1200.
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Timely chart-led analysis from Miguel A. Rodriguez, ordered by the original analysis date.

A weak September payrolls report did not pull Treasury yields lower. The 10-year recovered to around 5.30%, supporting the dollar as EURUSD broke 1.1350 and approached 1.1200.

Gold stayed under pressure ahead of U.S. PCE inflation and payroll data. The medium-term view remained bearish, with a target around $3,950 per ounce.

In TabTrade's first webinar, Miguel A. Rodriguez explains how rising yields and a firmer dollar weigh on gold, EUR/USD and U.S. indices, and where Bitcoin stands. Key levels include $4,273 and $3,960 in gold and 1.10 in EUR/USD.

Costco earnings offer a timely read on U.S. household demand while gold tests support after its pullback. The key gold levels are $4,330, $4,250 and $4,400.

Oil near $100 raised the risk of a renewed inflation shock, supporting Treasury yields and the dollar while pressuring equities. Dow support at 52,700-52,800 became the key technical test.

The dollar strengthened and gold fell after Jackson Hole, yet Bitcoin remained resilient. Its divergence puts the $81,200 resistance and $97,600 target zone in focus.

Gold rallied from about $4,000 to $4,600 as investors weighed U.S. fiscal credibility, Treasury yields and reserve diversification. The next critical resistance area is near $4,770.
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