Technical analysis of the Dow, EUR/JPY as they probe key support while US natural gas futures come further off their 2 ½ month high.
DailyFX Real Time News 2026-09-30 08:38:08
Context: Global financial markets are experiencing significant shifts, with the Dow Jones Industrial Average and EUR/JPY under pressure, while US natural gas futures have declined from their 2 ½ month high. The Dow Jones is currently hovering above its September low of 51,129, while EUR/JPY is testing its mid-September low of ¥177.37. Meanwhile, US natural gas futures are trading along the 200-day simple moving average at 292.2.
Key Facts
- The Dow Jones Industrial Average remains under pressure, with a short-term outlook of bearish while below the 25 September high at 51,880, and a medium-term outlook of neutral while above the 24 September low of 51,129.
- EUR/JPY's slide has taken the cross close to its mid-September low of ¥177.37, with a short-term outlook of bearish while below the 24 September high at ¥180.87.
- US natural gas futures have come off last week's 318.5 high and are trading back along the 200-day simple moving average at 292.2, with a short-term outlook of bearish while below the 28 September high at 306.2.
- The benchmark 10-year US Treasury yield held near 5.23%, its highest level since 2007, and was heading for a rise of almost 50 basis points in September, the largest monthly increase in about two years.