Forex Market Update: New York Session Eyes US JOLTS Data

Session brief Neutral bias Nov 3, 2026, 13:18 UTC

Nathan BrooksUS Markets & Federal Reserve Analyst · ForexR analyst

The dollar is mixed across majors in the London-New York overlap, with gold holding below the 3985.38 resistance level and crude oil leading the day's gains as US JOLTS data and a BoC Macklem speech headline the session's calendar.

New York Session Overview: Dollar Mixed, Oil Leads

In the London and New York overlap, at 13:07 UTC, the clearest moves on the day sit outside the majors. WTI Crude Oil (XTI/USD) leads at 96.692, up 1.32% on the day, with Ethereum (ETH/USD) up 1.22% to 2276.77 and Bitcoin (BTC/USD) up 0.68% to 77220.61. USD/JPY is the firmest major, up 0.22% on the day at 158.259.

On the other side, Gold (XAU/USD) is the day's laggard at 3934.12, down 0.31%, with AUD/USD down 0.19% to 0.69821, USD/CAD down 0.09% to 1.39722, and EUR/USD down 0.07% to 1.11785. GBP/USD and the Nasdaq 100 (US100) are close to flat, up 0.06% and 0.03% respectively. These are changes measured against the previous close over the full trading day, not moves confined to the current session. A broader read on how the dollar stacks up against individual currencies is available on the currency strength meter.

Market Snapshot

US Dollar and Yield Context Ahead of JOLTS

The dollar's picture is not uniform. EUR/USD sits between S1 at 1.11403 and the daily pivot at 1.11883, with both the daily and four-hour trend pointed down, while USD/JPY trades above its R1 at 158.125, with the four-hour trend up even as the daily trend reads mixed. USD/CAD, by contrast, is below its pivot at 1.3976 with the four-hour trend down. With the dollar firmer against some currencies and softer against others on the day, the broader setup leans neutral rather than one-directional.

US Treasury yields closed November 2 with the 2-year at 4.59%, up 3 basis points, and the 10-year at 4.91%, down 3 basis points, putting the 2s10s curve at 32 basis points. These are presented as context for rate expectations, not as the cause of today's currency moves. Factory Orders and JOLTS Job Openings are both due at 15:00 UTC, with JOLTS estimated at 7.13 million against a previous reading of 7.079 million; a primer on reading releases like these is available in the economic calendar guide.

Setups in Focus: Oil, Gold and the Yen

WTI Crude Oil's 1.32% advance has not yet carried it past its own daily pivot at 97.169; it trades between that pivot and S1 at 92.538. A push through the pivot would open the way toward R1 at 100.062, while a slide back under S1 at 92.538 would mark a reversal of the day's advance. Gold sits between its daily pivot at 3931.32 and R1 at 3985.38; clearing R1 would extend the bounce, while losing the pivot at 3931.32 would shift focus back toward S1 at 3892.40. USD/JPY's position above R1 at 158.125 leaves the pivot at 157.763 as the nearer support on any pullback, with S1 at 157.548 as the next level below that. Levels for any of these can be checked against a live calculation on the pivot point calculator.

Newsflow Themes

Coverage from FX Street has repeatedly framed gold's price action around the $3,870–$3,900 area and whether a recovery back above $4,000 is still plausible, while Forexcom tied the dollar's own footing to gold's test of the $3,870 support. Separately, InvestingCube's sterling coverage is framing GBP/JPY ahead of the upcoming BoE decision. None of this newsflow points to a confirmed cause for today's price action; it describes what commentators are debating.

Calendar Ahead

Beyond the 15:00 UTC US data, BoC Governor Macklem speaks at 16:00 UTC, followed by ECB's Nagel at 18:00 UTC and ECB's Sleijpen at 18:15 UTC. Later, Australia's AiG Industry Index and the S&P Global Composite and Services PMIs are all due at 22:00 UTC, with both PMI estimates unchanged from their prior readings of 47.7 and 47.8.

Bottom Line

With the dollar firmer against the euro, Aussie and yen but softer against the Canadian dollar and sterling on the day, the New York session setup reads neutral for the greenback overall. Oil and the cryptocurrencies are the standout movers on the day, while gold remains the weakest major instrument tracked here. JOLTS data, Factory Orders and the Macklem and ECB speeches are the scheduled catalysts into the London close; any position sizing around them can be checked with the risk and reward calculator.