Forex Market Update New York Session: Majors Track Mixed Trends

Session brief Neutral bias Sep 24, 2026, 12:52 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

Trading reflects a mixed bias during the London and New York overlap. The US dollar is edging higher against major peers as markets prepare for scheduled Federal Reserve commentary and US housing data.

Mixed Trading in the London and New York Overlap

Market action is showing a divided front as the London and New York overlap session gets underway. Traders tracking a live currency strength meter can see the US dollar posting slight gains against the euro and pound, with EUR/USD trading down 0.12% at 1.13674 and GBP/USD falling 0.09% to 1.3224. WTI Crude Oil (XTI/USD) leads the major instruments with a 0.96% gain on the day, while USD/JPY adds 0.28% and USD/CAD is up 0.14%. On the lagging side, Ethereum (ETH/USD) has dropped 1.55%, the Nasdaq 100 (US100) is down 1.01%, and Bitcoin (BTC/USD) is lower by 0.93%.

In the bond market, US Treasury yields closed higher on September 23, with the 2-year yield at 4.85%, up 14 basis points, and the 10-year yield at 5.11%, up 15 basis points. The newsflow reflects themes of rising Federal Reserve rate hike expectations and technical caution across major pairs, as reported by FX Street and InvestingCube, while Orbex highlights daily chart levels for gold and major currencies.

Overview of Today's Active Instruments

The table below outlines the current session's price changes and daily trends across the instruments we monitor.

Fed Speeches and Consumer Confidence in Focus

Today's economic calendar centers on central bank commentary and tier-two data. The Federal Reserve's Hammack is scheduled to speak at 12:50 UTC, followed by the Fed's Paulson at 13:00 UTC. At 14:00 UTC, the US New Home Sales Change (MoM) data is set for release, carrying a previous print of -10.5. At the same time, the Bank of England's Lombardelli will deliver a speech, ahead of the UK GfK Consumer Confidence release at 23:01 UTC, which has an estimate of -16 compared to the previous reading of -14.

Key Technical Levels and Setups

We have mapped the key support and resistance zones for three active pairs using our pivot point calculator to define potential breakout or reversal areas.

EUR/USD Trend Today

The EUR/USD trend today points down on both the daily and H4 timeframes, with price currently at 1.13674. A drop past the day low at 1.13609 would open the way to test the S1 support at 1.13498. A move back above the daily pivot at 1.14001 would invalidate that bearish view, potentially shifting focus toward the R1 resistance at 1.14309, which sits just above the day high of 1.13984.

USD/JPY Technical Outlook

The USD/JPY technical outlook reveals a mixed daily trend but an upward H4 trend, with the pair trading at 158.723. This places the current price just above the R1 resistance level at 158.685. A sustained hold above 158.685 leaves room to target the day high at 158.866. Conversely, a slide back below R1 at 158.685 would negate this bullish positioning and suggest a return toward the daily pivot at 157.976, ahead of the day low at 157.777.

Gold (XAU/USD) Setup

Gold is trading at 4273.23, down 0.33% on the day, with the daily trend showing mixed signals and the H4 trend pointing down. A push below the S1 support level at 4251.53 would expose the day low of 4244.16. Reclaiming the daily pivot at 4310.36 would invalidate the immediate downward pressure, opening the way toward the R1 resistance at 4346.11, past the current day high of 4303.09.