New York Session Forex Market Update: Dollar Firmer, Trends Split

Session brief Neutral bias Oct 26, 2026, 13:31 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

During the London and New York overlap the dollar is higher on the day versus the euro, pound, yen, Aussie and Canadian dollar, but daily trends disagree and no release is scheduled.

Dollar firmer on the day, bias still neutral

With the clock at 13:16 UTC, London and New York are overlapping, and London closes at 16:00 UTC. By percentage change on the day, USD/JPY leads the currency pairs, up 0.38%, the Nasdaq 100 is up 0.34%, gold is up 0.32%, and USD/CAD is up 0.17%. WTI crude lags the board, down 1.35%, then Ethereum down 0.54% and Bitcoin down 0.4%. Sterling is down 0.25%, the Australian dollar is down 0.19%, and the euro is down 0.15%. On those day changes the dollar is firmer against the euro, sterling, the yen, the Australian dollar and the Canadian dollar.

The trend columns do not confirm that lean. EUR/USD is down on the daily chart and on the four-hour chart. USD/JPY at 157.434 stands above R1 at 157.299, so the daily pivot at 156.678 and S1 at 156.217 are both under price, but the daily trend is down, the four-hour trend is mixed, and the five-day change is -0.34%. GBP/USD at 1.33425 is below S1 at 1.33553, which leaves that S1, the pivot at 1.33811 and R1 at 1.34019 overhead, and both trends there are mixed. AUD/USD at 0.70211 is between S1 at 0.70131 and the pivot at 0.70252, with the four-hour trend up and the daily trend mixed. The dollar bias for this overlap is neutral.

US Treasury yields are context from the October 23 close, versus October 22, not a reason for today's prints. The three-month yield was 4.22%, the two-year yield was 4.69%, up 4 basis points, and the ten-year yield was 5%, up 4 basis points, with the two-year/ten-year curve at 31 basis points.

The overlap board

Euro, loonie and gold levels

EUR/USD

EUR/USD last is 1.11858, between S1 at 1.11822 and the daily pivot at 1.1204. The day low is 1.11845 and the day high is 1.12259, so the high is above R1 at 1.12242 while the last is still under the pivot. Both trends are down, daily RSI is 37.7, the five-day change is -0.46%, and ATR is 60.6 pips. Losing S1 at 1.11822 is the downside trigger that fits those downtrends; the daily pivot at 1.1204 is the invalidation of that path, not the trigger.

USD/CAD and WTI

USD/CAD last is 1.40262, already above R1 at 1.40242 and outside the top of the ladder. The day high is 1.40418 and the day low is 1.39974. Daily and four-hour trends are mixed, daily RSI is 37.6, the five-day change is -0.79%, and ATR is 62.3 pips. Because R1 is already under price, it is not an upside trigger. That extension would be invalidated at the daily pivot at 1.39959, with S1 at 1.39741 the lower marked level on the same ladder.

WTI crude last is 101.333, down 1.35%, between S1 at 99.651 and the daily pivot at 101.507, with R1 at 104.578. The day high is 101.735 and the day low is 99.957. Oil's daily trend and four-hour trend are both up, the five-day change is 2.38%, daily RSI is 69.4, and ATR is 3.85 dollars. The lower oil print and the higher USD/CAD print are both on this board; the prices alone do not show that one caused the other.

Gold

Gold last is 4010.47, up 0.32%, between the daily pivot at 4002.46 and R1 at 4029.31, with S1 at 3970.93. The day high at 4025.39 is below R1, and the day low at 3978.09 is above S1. Daily and four-hour trends are down, daily RSI is 33.4, the five-day change is -3.69%, and ATR is 75.41 dollars. A push toward R1 at 4029.31 is not what those downtrends show, and it would be invalidated at the daily pivot at 4002.46.

Newsflow, the calendar and the bottom line

FX Street, InvestingCube and ExchangeRates are not running a single dollar theme. FX Street is relaying a UOB note on sideways euro trade inside a band and an ING note that caps upside in the euro against the dollar only, alongside sterling near monthly peaks with risks growing and silver with "bears in control," while InvestingCube still sees a "formidable barrier" on USD/ZAR and ExchangeRates says an RBNZ hike could lift the kiwi against the pound; the other FX Street lines say gold "consolidates" and the "recovery remains fragile ahead of Fed decision," and that the dollar "picks up above 1.4000 as Oil prices hit the CAD."

The Nasdaq 100 at 29095 is up 0.34% and between the daily pivot at 28988.9 and R1 at 29159.7, with the day high at 29190.7 above that R1 and the four-hour trend down. Bitcoin at 80029.03 is down 0.4% and between S1 at 79897 and the pivot at 80411.61. Ethereum at 2314.68 is down 0.54% and between S1 at 2300.14 and the pivot at 2334.32, with both trends down.

Nothing is listed on today's economic calendar, and London closes at 16:00 UTC. Any Federal Reserve reference in the newsflow is headline wording from FX Street on gold, not a release scheduled for this overlap. The bottom line, in the same terms as the rest of the market analysis, is a firmer dollar on the day, a neutral bias because the daily trends do not agree, and nearby lines at the euro pivot at 1.1204, USD/CAD's R1 at 1.40242, and gold's pivot at 4002.46.