Forex Market Update: New York Session, Dollar Still Mixed

Session brief Neutral bias Oct 30, 2026, 13:09 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

Dollar bias is neutral in the London and New York overlap: GBP/USD is up on the day, USD/JPY is under S1, and Bitcoin and gold are the two largest declines.

The overlap so far

At 13:03 UTC London and New York are both open, and London closes at 16:00 UTC. The dollar has no single lean in this overlap. GBP/USD is up 0.2% on the day, USD/JPY is down 0.32%, and USD/CAD is down 0.17%, while EUR/USD is down 0.06% and AUD/USD is down 0.02%. Daily trends are down on EUR/USD and USD/JPY and mixed on GBP/USD, AUD/USD and USD/CAD, so the dollar bias is neutral.

Changes on the day come from the previous close, not from the overlap alone. WTI crude leads, up 0.94%. Bitcoin lags, down 1.96%. Gold is down 1.72%, the Nasdaq 100 is down 1.46%, and Ethereum is down 0.87%.

Dollar pairs and nearby pivots

GBP/USD at 1.34004 is between the daily pivot at 1.33509 and R1 at 1.34067, with S1 at 1.33185. The day high is 1.3433 and the day low is 1.33703. The daily trend is mixed and the four-hour trend is up, so those windows conflict. The five-day change is 0.02% and ATR is 69.4 pips. A break above R1 at 1.34067 would open the way to the day high at 1.3433. A move back below the daily pivot at 1.33509 would invalidate that view, with S1 at 1.33185 still lower.

USD/JPY at 157.181 is below S1 at 157.473 and beyond the bottom of the pivot ladder. The daily pivot is 157.79 and R1 is 157.997. The day high is 157.875 and the day low is 156.942. Daily and four-hour trends are both down. The five-day change is up 0.28%, which does not match the down daily trend, and ATR is 91.3 pips. A return above S1 at 157.473 would bring the daily pivot at 157.79 back into range. A break under the day low at 156.942 would cancel that rebound and leave R1 at 157.997 overhead.

EUR/USD at 1.11721 sits between the daily pivot at 1.11557 and R1 at 1.12073, with S1 at 1.11268. The daily trend is down, the four-hour trend is mixed, RSI is 39.7, and the five-day change is down 0.38%. AUD/USD at 0.70255 sits between S1 at 0.70047 and the daily pivot at 0.70358, under R1 at 0.70581. Both AUD trends are mixed, RSI is 52, and the five-day change is up 0.12%. USD/CAD at 1.39644 sits between S1 at 1.39633 and the daily pivot at 1.39885, under R1 at 1.40127. Its daily trend is mixed, its four-hour trend is down, RSI is 38.4, and the five-day change is down 0.3%. On the currency strength meter these five daily trends still do not agree.

Gold, oil and the risk complex

Gold at 3951.94 is below S1 at 3994.71, beyond the bottom of the pivot ladder, so S1, the daily pivot at 4031.73 and R1 at 4058.25 all sit above price. The day high is 4026.24 and the day low is 3949.23. Daily and four-hour trends are both down. RSI is 37.9, the five-day change is down 1.8%, and ATR is 72.11 dollars. Those marks are the same ladder the pivot point calculator plots.

A push back above S1 at 3994.71 would open the day high at 4026.24, with the daily pivot at 4031.73 still higher. A move under the day low at 3949.23 would invalidate that repair and leave R1 at 4058.25 overhead.

WTI at 103.002 is up 0.94% on the day, between the daily pivot at 101.122 and R1 at 103.106, with S1 at 100.062. The day high is 104.081 and the day low is 101.566. Daily and four-hour trends are both up, the only aligned uptrend in this set. RSI is 64.6, the five-day change is up 4.36%, and ATR is 3.7 dollars. Clearing R1 at 103.106 would open the day high at 104.081. A drop back under the daily pivot at 101.122 would invalidate that path, with S1 at 100.062 the lower pivot level.

Bitcoin at 77227.02 is below S1 at 77324.19, so the daily pivot at 79600.47 and R1 at 81044.78 are overhead. The daily trend is mixed and the four-hour trend is down, with RSI at 39.1 and a five-day change of down 3.96%. Ethereum at 2229.12 is between S1 at 2193.33 and the daily pivot at 2285.01, under R1 at 2340.03, with both trends down and a five-day change of down 5.36%. The Nasdaq 100 at 28651.9 is below S1 at 28812.3, with the daily pivot at 29226 and R1 at 29491.3 overhead. Its day high is 29023.5 and its day low is 28608.7, and both trends are down.

Headlines, yields and today's calendar

InvestingCube's titles are pair forecasts, FX Street writes on the euro versus the dollar and on gold, and ExchangeRates writes on the Korean won. That is the discussion in the newsflow. It is not evidence for any change on the day.

US Treasury yields at the October 29 close had the 2-year at 4.61%, down 6 basis points versus October 28, and the 10-year at 4.98%, down 7 basis points. The 3-month yield was 4.18% and the 2s10s curve was 37 basis points, rate context only and not a cause of these prices.

Still ahead today, Chicago PMI is at 13:45 UTC, previous 58.8 and estimate 56.1, medium impact. Fed's Daly speech is at 16:00 UTC, ECB's Lane speech is at 16:10 UTC, and Fed's Musalem speech is at 16:30 UTC, each medium impact. Daly's listing lines up with London's close at 16:00 UTC. Timing of that kind is what the economic calendar guide covers.

Bottom line

The dollar stays neutral while the pairs disagree. GBP/USD is up 0.2% on the day and still between the daily pivot at 1.33509 and R1 at 1.34067, while USD/JPY is down 0.32% and below S1 at 157.473. Gold at 3951.94 and Bitcoin at 77227.02 are both beyond the bottom of their pivot ladders, the Nasdaq 100 at 28651.9 is under S1 at 28812.3, and WTI at 103.002 is up 0.94% with R1 at 103.106 still above. Chicago PMI at 13:45 UTC is the next listing, with Daly and Musalem later today. That is a description of the overlap, not a projected path.