Headline: Wall Street Slips at the Open as Yields Ease; Dollar Mixed, Traders Focus on Major FX Pairs
The U.S. trading day begins with equities under pressure, Treasury yields nudging lower, and the dollar mixed against major currencies. With futures pointing to another soft start and big-cap tech seeing early weakness, attention turns to technical setups in EUR/USD, USD/JPY, and GBP/USD as traders map out bias, risk, and targets for the session.
U.S. stock futures signal renewed caution: Dow futures are down roughly 332 points after a 1.18% slide in the prior session, S&P 500 futures off about 34 points, and Nasdaq futures lower by around 100 points following broad declines yesterday. In premarket trade, Amazon and Microsoft are weaker after a broker downgrade, while Home Depot drops nearly 4% after missing earnings expectations (EPS $3.78 vs. $3.85) and trimming guidance. Nvidia is modestly lower ahead of tomorrow’s post-close earnings release. In rates, Treasury yields are softer by about 2–4 basis points across the curve, including the 2-year around 3.57% (-4 bps), the 5-year near 3.68% (-3.9 bps), the 10-year close to 4.10% (-3.3 bps), and the 30-year near 4.71% (-2.5 bps). The U.S. dollar is little changed overall, with mixed performance versus major peers.
Macro catalysts are in focus. August factory orders are expected to rebound by 1.4% from a 1.3% drop in July, with an updated read on August durable goods following a preliminary 2.9% gain. The NAHB Housing Market Index for November is due at 10 a.m. ET, with consensus calling for an unchanged reading of 37. In commodities, crude oil is slightly firmer, while gold and silver edge lower. Bitcoin dipped to session lows before rebounding, still down on the day. In FX, traders are watching technical roadmaps for EUR/USD, USD/JPY, and GBP/USD to frame today’s opportunities—identifying clear bias, defining risk, and setting realistic targets.
Key Points – U.S. stocks open lower; Dow, S&P 500, and Nasdaq futures all point to early declines – Treasury yields ease by roughly 2–4 bps across the curve; dollar mixed versus majors – Amazon and Microsoft fall premarket after a downgrade; Home Depot slides after an EPS miss and lowered outlook – Nvidia trades softer ahead of tomorrow’s earnings release – August factory orders expected +1.4%; NAHB Housing Market Index seen steady at 37 – Traders focus on EUR/USD, USD/JPY, and GBP/USD technical setups to define bias, risk, and targets
Last updated on November 18th, 2025 at 01:06 pm
