Forex Market Update: New York Session Leaves Dollar Mixed
Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst
The London–New York overlap leaves the dollar mixed: EUR/USD, GBP/USD and AUD/USD are higher on the day while their daily trends stay down. WTI last 87.61 is below S1 at 88.956; gold last 4222.09 holds above R1 at 4200.28.
| Instrument | Last | Day change | Pivot | Daily trend |
|---|---|---|---|---|
| EUR/USD | 1.12626 | +0.19% | 1.12638 | Down |
| Gold (XAU/USD) | 4,222.09 | +1.07% | 4,169.70 | Down |
| GBP/USD | 1.32336 | +0.31% | 1.32148 | Down |
| Bitcoin (BTC/USD) | 86,883.86 | +2.70% | 84,317.36 | Up |
| USD/JPY | 157.061 | -0.63% | 157.897 | Down |
| AUD/USD | 0.69679 | +0.56% | 0.69290 | Down |
| USD/CAD | 1.42187 | +0.00% | 1.42319 | Up |
| Ethereum (ETH/USD) | 2,757.62 | +1.92% | 2,699.07 | Up |
| Nasdaq 100 (US100) | 30,911.3 | +1.34% | 30,546.9 | Up |
| WTI Crude Oil (XTI/USD) | 87.610 | -4.68% | 90.815 | Mixed |
| Data as of 2026-10-02 13:02 UTC. | ||||
New York overlap: mixed dollar, oil at the bottom
At 13:02 UTC in the London and New York overlap, the US dollar does not line up in one direction. EUR/USD last at 1.12626 is up 0.19% on the day, GBP/USD last at 1.32336 is up 0.31%, and AUD/USD last at 0.69679 is up 0.56%, while USD/JPY last at 157.061 is down 0.63% and USD/CAD is unchanged at 1.42187. Daily trends on EUR/USD, GBP/USD and AUD/USD remain down, and EUR/USD is down on the four-hour chart as well, so the session bounce and the daily map conflict; the dollar bias is neutral. The level that matters most on USD/JPY is S1 at 157.365, now above the last print as resistance.
Bitcoin leads, last at 86883.86, up 2.7% on the day. Ethereum last at 2757.62 is up 1.92%, and the Nasdaq 100 last at 30911.3 is up 1.34%. Gold last at 4222.09 is up 1.07%. WTI Crude Oil last at 87.61 is down 4.68% and lags the board. Pair rankings sit on the currency strength meter.
Over five days EUR/USD is down 1.02%, USD/JPY is down 1.12%, gold is down 1.21% and WTI is down 6.78%. Bitcoin is up 3.42% over five days. EUR/USD daily RSI is 18.2, AUD/USD daily RSI is 25.9, and USD/CAD daily RSI is 75.7.
Session snapshot
| Instrument | Last | Change % | Daily trend |
|---|---|---|---|
| EUR/USD | 1.12626 | +0.19 | down |
| Gold (XAU/USD) | 4222.09 | +1.07 | down |
| GBP/USD | 1.32336 | +0.31 | down |
| Bitcoin (BTC/USD) | 86883.86 | +2.7 | up |
| USD/JPY | 157.061 | -0.63 | down |
| AUD/USD | 0.69679 | +0.56 | down |
| USD/CAD | 1.42187 | 0 | up |
| Ethereum (ETH/USD) | 2757.62 | +1.92 | up |
| Nasdaq 100 (US100) | 30911.3 | +1.34 | up |
| WTI Crude Oil (XTI/USD) | 87.61 | -4.68 | mixed |
GBP/USD last at 1.32336 sits between the pivot at 1.32148 and R1 at 1.32496. AUD/USD last at 0.69679 is already through R1 at 0.69552, with the day high at 0.697.
USD/JPY, gold and WTI versus daily pivots
USD/JPY
USD/JPY last at 157.061 trades below S1 at 157.365. The pivot is 157.897 and R1 is 158.585, both overhead as resistance; the day high is 158.199 and the day low at 156.93 is support. Daily trend is down and the four-hour trend is mixed.
A reclaim of S1 at 157.365 would open the way to the pivot at 157.897. While last stays under S1, the day low at 156.93 remains the nearer support; a move back above S1 at 157.365 would invalidate that downside view. Map the grid on the pivot point calculator.
Gold (XAU/USD)
Gold last at 4222.09 is through R1 at 4200.28, so that R1 print is support, with the pivot at 4169.7 and S1 at 4146.68 further below. The day high at 4226.51 is the resistance overhead; the day low is 4133.61. Daily trend is still down and the four-hour trend is mixed.
As long as R1 at 4200.28 holds as support, the day high at 4226.51 remains the nearby cap. Should last fall through R1 at 4200.28, attention shifts to the pivot at 4169.7.
WTI Crude Oil
WTI last at 87.61 sits below S1 at 88.956. The pivot at 90.815 and R1 at 93.769 are resistance above; the day high is 92.321 and the day low at 87.556 is support. Daily trend is mixed and the four-hour trend is down.
If last climbs through S1 at 88.956, the pivot at 90.815 is the next reference overhead. Remaining beneath S1 leaves the day low at 87.556 as support.
Newsflow and the calendar
According to coverage from Forexcom, FX Street, FXEmpire and Action Forex, the conversation is clustered on the coming US jobs report, French fiscal stress on the euro, and a rebound in gold and silver. That is the newsflow, not a proof of why these prints moved.
US Treasury yields at the October 1 close put the 2-year at 4.78%, down 10 basis points, and the 10-year at 5.24%, down 5 basis points, with the 2s10s curve at 46 basis points. The 3-month yield was 4.17%.
On the calendar today, US Factory Orders (MoM) is due at 14:00 UTC, previous 0.9 and estimate 0.1, medium impact. Also today, ECB's Nagel speech is at 19:35 UTC. Place those stamps with the economic calendar guide.
Bottom line
The overlap leaves the dollar mixed: session gains in EUR/USD, GBP/USD and AUD/USD against still-down daily trends, USD/JPY below S1 at 157.365, and USD/CAD unchanged. Gold last at 4222.09 holds above R1 at 4200.28; WTI last at 87.61 holds below S1 at 88.956. Factory Orders at 14:00 UTC is the next scheduled US release.
FAQ
How is the US dollar trading in the New York session?
The session read is mixed and the dollar bias is neutral. EUR/USD last at 1.12626 is up 0.19%, GBP/USD last at 1.32336 is up 0.31%, and AUD/USD last at 0.69679 is up 0.56%, while USD/JPY last at 157.061 is down 0.63% and USD/CAD is unchanged at 1.42187. Daily trends on EUR/USD, GBP/USD and AUD/USD remain down.
Where is USD/JPY versus its daily S1 and pivot?
USD/JPY last at 157.061 is below S1 at 157.365, so S1 sits above price as resistance. The pivot is 157.897 and R1 is 158.585; the day low at 156.93 is support. Daily trend is down and the four-hour trend is mixed.
What US data is on the calendar today?
US Factory Orders (MoM) is scheduled today at 14:00 UTC, previous 0.9 versus an estimate of 0.1, medium impact. ECB's Nagel speech is also listed today at 19:35 UTC.
Is gold trading above its daily R1?
Yes. Gold last at 4222.09 is through R1 at 4200.28, so that R1 level is support, with the pivot at 4169.7 and S1 at 4146.68 below. The day high at 4226.51 is resistance; the daily trend is still down and the four-hour trend is mixed.
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