Technical analysis of the Nasdaq 100, USD/JPY and Brent crude as they range trade.
DailyFX Real Time News 2026-09-29 08:33:48
Context: The Nasdaq 100, USD/JPY, and Brent crude are currently range trading, with investors closely monitoring their performance amidst a backdrop of rising US Treasury yields and concerns over global supply disruptions. The US Treasury yield surged above 5.27%, its highest level since 2007, while Brent crude climbed above $107 a barrel due to concerns over Middle East supply disruptions. The Reserve Bank of Australia also raised its cash rate to 4.60%, a 15-year high, in a unanimous decision.
Key Facts
- The benchmark 10-year US Treasury yield surged above 5.27%, its highest level since 2007, capping the steepest monthly bond sell-off in two years.
- Brent crude climbed above $107 a barrel for a second consecutive session due to concerns over Middle East supply disruptions linked to the US-Iran war.
- The Reserve Bank of Australia raised its cash rate to 4.60%, a 15-year high, in a unanimous decision, indicating it remained prepared to tighten policy further if inflation stayed elevated.
- The Nasdaq 100 continues to trade sideways below last week's 30,770 record high but has managed to stay above the minor psychological 30,000 mark.