New York Session Forex: Gold Clears R1 as Dollar Trades Mixed

Session brief Neutral bias Oct 15, 2026, 13:23 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

Gold's advance clears R1 while the dollar trades mixed across majors; AUD/USD and crypto lead the downside and several US releases plus Fed and BoE speakers are still ahead in the session.

Session Snapshot: Leaders and Laggards

During the London-New York overlap, gold is the session's clear leader, up 1.52% on the day at 4167.54 and sitting above R1 at 4159.17, beyond the top of its pivot ladder. The euro and the pound follow with smaller gains, up 0.48% and 0.45% respectively, while Ethereum is the sharpest laggard, down 6.15% at 2350.19 and resting below its S1 at 2370.42. Bitcoin, the Nasdaq 100 and the Australian dollar round out the weaker side of the board, each lower on the day and each trading beyond the bottom of its own pivot ladder.

Three Setups in Focus

Gold's rebound carries it beyond R1 at 4159.17, with the daily pivot at 4116.24 and S1 at 4062.20 sitting underneath as support levels should the advance lose steam. The daily trend is listed as down even as the four-hour trend reads mixed and the fourteen-day RSI at 39 sits below the midpoint, a split that keeps the day's advance and the slower trend pointed in different directions. A retreat back under R1 would turn attention toward the pivot at 4116.24, while there is no further resistance level defined above the current print.

EUR/USD has also pushed through its own R1, at 1.12069, trading at 1.12092 just above that marker, with the pivot at 1.11597 and S1 at 1.11085 standing as the next support levels below. The daily trend is down against a mixed four-hour trend and a fourteen-day RSI of 27.3, so the push above R1 is running against the slower trend rather than confirming it. Holding above R1 keeps the session's advance intact; a slip back beneath it would shift focus toward the pivot at 1.11597.

AUD/USD sits on the other side of the board, down 0.97% at 0.69022 and below its S1 at 0.69420, beyond the bottom of the pivot ladder, with the pivot at 0.69771 and R1 at 0.70045 both overhead as resistance. Both the daily and four-hour trends read down here, one of the few pairs where the two time frames agree. A recovery back above S1 at 0.69420 would be needed before the pivot at 0.69771 comes into range. For background on how these ladder levels are built, see the pivot points guide.

Yields, Equities and the Newsflow Behind the Session

Treasury yields closed the previous session, October 14, with the 2-year at 4.82%, up 3 basis points, and the 10-year at 5.19%, down 2 basis points, leaving the 2s10s curve at 37 basis points; these figures are context for the cross-asset mood rather than a confirmed cause of today's moves. The Nasdaq 100 is down 1.14% at 29576.60 and Bitcoin is down 1.49% at 80424.82, both beyond the bottom of their pivot ladders, alongside Ethereum's steeper 6.15% decline, pointing to broader softness in risk assets running alongside gold's advance.

One FX Street headline ties gold's rebound to softer Treasury yields set against a broader equity sell-off, a narrative worth noting as reported rather than confirmed. Elsewhere, FX Street, InvestingCube and Forex.com carried session notes across the euro, sterling, the Australian dollar and the yen, with risk appetite and shifting yield differentials recurring as reference points without a single pair standing out as the newsflow's focus. Readers tracking how currencies are performing against each other broadly can check the currency strength meter.

Calendar Ahead

The session carries two medium-impact US releases: Business Inventories for August at 14:00 UTC today, with an estimate of 0.4% against a previous reading of 0.8%, and the weekly EIA stock changes at 16:00 UTC today, where crude oil stocks are estimated at -0.3 million barrels against a previous drawdown of -3.186 million and gasoline stocks are estimated at -0.5 million against a previous build of 0.382 million. A Fed Hammack speech follows at 20:30 UTC today, ahead of tomorrow's central-bank commentary from BoE Governor Bailey at 02:00 UTC and Bundesbank's Nagel at 02:30 UTC. London closes at 16:00 UTC, around the same time as the EIA data. The economic calendar guide covers how to read releases like these alongside price action.

Bottom Line

The dollar's picture is mixed rather than one-directional: it is softer against the euro, the pound, the yen and the Canadian dollar on the day, but firmer against the Australian dollar, and the daily and four-hour trends disagree across several of these pairs. Gold's push beyond R1 at 4159.17 stands out against a daily trend still marked down, while equities and crypto trade broadly lower. With the picture split across instruments and time frames, the setups above are worth checking against the pivot point calculator rather than read as a single directional call.