AI AssistantAI Market SuiteHomeAI AssistantAI Market SuiteHomeThe London session (Europe open · the liquidity hour) · updated 2026-09-30 08:00 UTC.
Good morning. The overnight story is a familiar one: junk bonds are heading for their worst month since 2022, yields are still grinding higher, and Asia's benchmarks are mostly higher despite the Iran war rumbling on in the background — a resilient shrug rather than a rally.
London's diary is light. Switzerland's UBS Economic Expectations, Italy's Prelim CPI, and the UK's FPC Meeting Minutes and Statement are all low-tier, with a German 10-year auction rounding things out. No headline act here — the real driver is whether Asia's risk tone holds into Europe.
On the gauge, the dollar bloc is doing the heavy lifting. EUR/USD is BEARISH CLEAR at 1.13473, H4 RSI 38 with the daily oversold at 24.4; GBP/USD is BEARISH CLEAR at 1.32661, H1 RSI 66.7, though it has flipped label 16 times in 24 hours — noise, not a turn. USD/JPY is NEUTRAL at 156.851, coiled inside a squeeze. Gold has softened to NEUTRAL at 4195.10 after flipping from BEARISH, but it carries a divergence warning against the longer-term trend, so mind the caution flag. Oil is BEARISH CLEAR at 88.14, squeezed between 87.74 and 88.31. Crypto is the mixed bag: Ethereum back to NEUTRAL at 2672.6 after shedding 1.61% over eight hours, Bitcoin BEARISH LEANING at 83348.0, XRP the quiet outperformer at 1.4992.
Watch the dollar's bid above all — it's the thread running through the majors — and keep half an eye on whether the FPC minutes add any sterling texture.
30 Sep 08:00 UTCCHF Low
30 Sep 09:00 UTCEUR Low
30 Sep 09:30 UTCGBP Low
30 Sep 09:30 UTCGBP Low
30 Sep 09:42 UTCEUR Low