The USD is higher vs the EUR, JPY and GBP to start the North American trading session. IN the video above, I will take a look at the three major currency pairs from a technical perspective given the price action and outline the bias, the risks and targets for traders today. Watch and be ready for your trading day.
The USDCHF is higher to start the day and above the 200 hour MA at 0.79866. Yesterday, the MA stalled the rally, but was broken and based against the level giving the buyers control. Today, the Swiss National Bank (SNB) September minutes highlighted discussions with experts about diverging interest rate trends between the U.S. and the Eurozone. The Board concluded that the current monetary stance remains appropriate across various scenarios. The SNB noted that geopolitical tensions could push investors toward safe-haven currencies like the Swiss franc, though this appreciation risk is mitigated by the higher relative interest rate differential. Despite global trade concerns and tariffs, the overall Swiss economic outlook remains stable. The SNB reaffirmed its policy rate at the zero lower bound, maintained FX intervention guidance, and kept the tiered deposit system in place. Inflation forecasts for 2025–2027 were unchanged, and Chairman Schlegel reiterated that any move toward negative rates would face a higher threshold than a standard rate cut.
Looking at the earnings released today, most of the companies BEAT expectations. Yesterday after the close Tesla missed on the EPS ($0.50 vs $0.56) but beat on revenues ($28.09B vs $26.54B est) . The shares are down -3.87% in pre-market trading.
Mobileye (MBLY) Q3 2025: EPS $0.09 (BEAT; exp. $0.08), Revenue $504M (BEAT; exp. $485.5M)
American Airlines (AAL) Q3 2025: EPS -$0.17 (BEAT; exp. -$0.26), Revenue $13.7B (BEAT; exp. $13.64B)
T-Mobile US (TMUS) Q3 2025: EPS $2.41 (BEAT; exp. $2.41), Revenue $22B (BEAT; exp. $21.93B)
Blackstone (BX) Q3 2025: EPS $1.52 (MISS; exp. $1.23), Revenue $3.09B (MISS; exp. $3.14B)
Dow (DOW) Q4 2025: EPS $0.49 (MISS; exp. $0.48), Revenue $9.4B (MISS; exp. $10.19B)
Valero Energy (VLO) Q3 2025: EPS $3.66 (BEAT; exp. $3.32), Revenue $32.17B (MISS; exp. $29.39B)
PG&E Corp (PCG) Q3 2025: EPS $0.50 (BEAT; exp. $0.41), Revenue $6.25B (MISS; exp. $6.39B)
Honeywell International (HON) Q3 2025: EPS $2.82 (BEAT; exp. $2.57), Revenue $10.41B (BEAT; exp. $10.16B)
The major indices are trading lower in premarket trading
- Dow industrial average -99.41 points
- S&P index -10.06 points
- NASDAQ index. -70.01 point
Looking at the US debt market, yields are higher.
- 2-year yield 3.467%, +2.3 basis points
- 5 year yield 3.586%, +3.3 basis points
- 10 year yield 3.989%, +3.6 basis points
- 30 year yield 4.576%, +3 point basis points
Gold is higher by $9.02 26 or 0.22% at $4106.
Crude oil is up around $3 at $61.51.
