Technical analysis of the S&P 500 as it remains bid while EUR/GBP probes key resistance and the silver price a key support zone.

DailyFX Real Time News 2026-09-25 07:54:09

Context: The S&P 500 remains bid, while the EUR/GBP exchange rate probes key resistance and the silver price tests a key support zone, amidst a global bond sell-off and rising rate hike expectations. The US Treasury yields have climbed to multi-year highs, pushing mortgage rates to 7% and adding pressure to equity valuations. This market movement is influenced by hawkish policymakers, with futures indicating a 71% probability of another Federal Reserve rate increase next month.

Key Facts

The 10-year US Treasury yield reached a 19-year peak of 5.23%, and the 30-year yield hit its highest level since 2004.
The S&P 500's rise from last week's six-week low at 7,573 has taken it to this week's high at 7,782 before retracing lower.
The EUR/GBP exchange rate is testing its February-to-late June lows at £0.8612-to-£0.8620, which represent key resistance.
The price of Silver revisits its key $63.2765-to-$61.0065 support zone.

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Technical analysis of the S&P 500 as it remains bid while EUR/GBP probes key resistance and the silver price a key support zone.

Key Facts

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