Asia Session Forex Update: Gold Holds Gains, Dollar Mixed

Session brief Neutral bias Oct 12, 2026, 00:34 UTC

Daniel TanAsia-Pacific Market Analyst · ForexR analyst

Gold holds above its daily pivot near 4203.85 while the dollar shows mixed, directionless trading across EUR/USD, GBP/USD, AUD/USD and USD/JPY in Asia hours.

Asia Session Snapshot

Asia trade on October 12 shows no consistent lean for the dollar. Ethereum leads the broader board, up 1.31% to 2536.86, with the Nasdaq 100 close behind at up 0.38% to 31013.6 and gold adding 0.23% to trade at 4203.85, between its daily pivot at 4177.58 and R1 at 4224.27. WTI crude sits at the other end of the board, down 1.04% to 89.961 and holding between S1 at 89.763 and the daily pivot at 90.59.

Among the majors, EUR/USD, GBP/USD and AUD/USD are each posting small gains against the dollar on the day even though their daily trend reads down, while USD/CAD is flat at 1.42549 with both its daily and four-hour trend pointing up, and USD/JPY has eased 0.09% despite a four-hour trend higher. That split between today's price action and the underlying daily trend leaves the dollar without a clear direction heading into the next session; a live read on which currencies are leading and lagging is available on the currency strength meter.

US Treasury yields at the October 9 close had the 2-year at 4.80%, up 5 basis points, and the 10-year at 5.24%, up 2 basis points, putting the 2s10s curve at 44 basis points, a backdrop for the broader rate picture rather than a cause of today's moves.

Instrument Snapshot

Setups to Watch

Gold is holding between the daily pivot at 4177.58 and R1 at 4224.27, with the five-day change at plus 1.56% even as the daily trend reads down and the four-hour trend is mixed. A clean break above R1 at 4224.27 would extend the recent advance; a slip back below the pivot at 4177.58 would call that into question and put S1 at 4147.71 back in view.

USD/JPY is pinned between its pivot at 158.138 and R1 at 158.567, with a four-hour trend higher running against a mixed daily trend. Clearing R1 at 158.567 would keep the four-hour move intact; a drop back under the pivot at 158.138 would shift the focus toward S1 at 157.868.

AUD/USD trades between its pivot at 0.69726 and R1 at 0.69981, pushing against a daily trend still marked down. A move through R1 at 0.69981 would challenge that daily trend directly; a fade back under the pivot at 0.69726 would keep the pair aligned with it and open the way toward S1 at 0.69578. The pivot point calculator and the pivot points guide walk through how these daily levels are built for any instrument.

Newsflow Themes

Gold's advance is drawing bullish long-range calls from outlets including FX Street and ExchangeRates, both flagging further upside potential for the metal. Separately, Forexcom coverage frames AUD/USD as exposed to a dense risk calendar spanning Middle East developments, labor data and the upcoming US inflation report, while ExchangeRates also carried separate forecast pieces on EUR/USD, USD/MXN and USD/SGD further out the curve.

Calendar Ahead

Three medium-impact events are scheduled for later today: BoE's Breeden speaks at 09:30 UTC, ECB's Vujčić speaks at 10:00 UTC, and BoE's Mann speaks at 12:50 UTC. None carry a previous or estimate figure, so the focus for GBP and EUR pairs will be on the tone of the remarks rather than a data surprise; the economic calendar guide covers how to track scheduled risk like this.

Bottom Line

With gold firm but still inside its daily range, the dollar split between today's gains against EUR, GBP and AUD and a steadier footing against CAD, and oil the session's clear laggard, the broader setup heading into the London open at 07:00 UTC reads as balanced rather than one-directional.