Grasp News
Back to Trending

Technical analysis of the S&P 500 as it bounces off its 2026 uptrend line while EUR/GBP slides and the silver price range trades above minor support.

DailyFX Real Time News 2026-10-02 08:08:32
Context: The S&P 500 has bounced off its uptrend line, while the EUR/GBP exchange rate has dropped and the silver price is range trading above minor support. This market movement is occurring ahead of the US jobs report, which is expected to show employment growth slowing to around 90,000 from 162,000 in August. The report's release may influence the Federal Reserve's next policy move.

Key Facts

  • The US 10-year yield briefly climbed to 5.34%, its highest level since 2002, before retreating towards 5.25%.
  • The dollar climbed to a 17-month high as investors favored the greenback amid the global bond sell-off and concerns over European fiscal risks.
  • The S&P 500 tested but managed to bounce off its March-to-October uptrend line at 7,617.
  • 70% of retail investor accounts lose money when trading spread bets and CFDs with IG, the provider mentioned in the article.
Read full article & support publisher (opens in a new tab)
Story

More Factual Updates

Factual Insights via Grasp AI

Processed securely through our unified RSS feed organiser engine.

This curated article context is processed from our central indexed news stream for automated summary updates.

Cut out the noise. Build your own custom factual news feed for free, or summarise any article instantly.

Create your free dashboard