USD

US treasury auctions $70B of 5 year at a high yield of 3.625%

• WI level at the time of the auction: 3.626%

US treasury to auction $70B 5-year at the top of the hour

U.S. Treasury sells $69 billion of 2-year notes at a high yield of 3.504%

• WI level at the time of the auction

AUDUSD Technicals: AUDUSD gets a boost from US/China trade framework

• The AUDUSD pair is above the 100 day MA at 0.6534 and above the 38.2% f the move down from the September high at 0.65418. Those levels are now support.

Dallas Fed October manufacturing general business activity -5.0 vs -8.7 prior

• Business survey from the Dallas Fed

USDCHF Technicals: USDCHF buyers and sellers are unsure of the next move.

• Buyers have a modest edge in early US trading above the 100 and 200 hour MAs

USDCAD Technicals: USDCAD moves lower but into support and buyers stall the fall

• The swing area between 1.3968 to 1.3975 is swing area support for the USDCAD

The USD is lower to start the new trading week on hopes for a China/US trade framework

• US stocks are higher. Yields are higher too. In the video, I take a look at the technicals driving the EURUSD, USDJPY and GBPUSD to kickstart the new trading week.

USDCHF Technical Analysis: The greenback stays under pressure amid bearish catalysts

• The USDCHF pair continues to range as the US dollar stays on the backfoot amid soft US CPI and positive US-China developments. What's next?

GBPUSD Technical Analysis: The US dollar weakens amid soft CPI and US-China deal

• The GBPUSD pair is approaching a strong resistance zone as the greenback stays under pressure amid soft US CPI and US-China trade deal

EURUSD Technical Analysis: Soft US CPI and US-China deal weigh on the greenback

• The EURUSD pair bounced from the key support zone as softer than expected US CPI report and the positive risk sentiment from the US-China deal is keeping the greenback on the backfoot

Market Outlook for the week of 27th-31st October

• Highlights of the week include inflation data from Australia and the monetary policy announcements from the BoC, FOMC, BoJ and ECB

China foreign ministry says reached a basic consensus with the US

• Remarks by China's foreign ministry spokesperson, Guo Jiakun

Newsquawk Week Ahead: US-China trade talks, FOMC, BoC, BoJ, ECB and Aussie CPI

• Next week focus lies on the US-China trade talks, rate decisions from the Fed, BoC, BoJ and ECB, while Australian CPI and Chinese PMIs will also be key.

Monday open levels, indicative FX prices, 27 October 2025. US/China tariff Pavlov Dog time

• As is usual for a Monday morning, market liquidity is very thin until it improves as more Asian centres come online ... prices are liable to swing around, so take care out there.