// 19 ASSETS | TWICE DAILY | MON-FRI | 10 MIN READ

EUR/USD slipped 16 pips to 1.1606 as US 10-year yields climbed to 4.59%, pulling DXY back from session lows ahead of FOMC minutes.

Cable held flat at 1.3428 — UK gilt yields stayed elevated near 28-year highs as Burnham leadership rumours kept sterling beta pressured.

USD/JPY climbed 21 pips to 159.10 as the US 10-year yield hit 4.59%, widening rate differentials and squeezing yen carry positioning toward MoF intervention zones.

AUD/USD lost 17 pips to 0.7133 — Aussie failed to ride crude oil's $1.80 rally as broader risk-off positioning into Fed minutes capped commodity FX.

Gold consolidated near $4,533 — down $6 on the session — as traders held positioning 18% below the September all-time high, awaiting Fed minutes and Iran clarity.

Silver held $76.49 (+9 cents) — sentiment dented by the iShares SLV ETF's 35% plunge headline that ratted retail flows.

WTI jumped $1.80 to $98.15 (+1.87%) — Iran tensions resurfacing overnight extended the Middle East risk premium into US sessions.

S&P 500 edged up 12 points to 7,446 (+0.17%) — narrow leadership, with breadth deteriorating into tonight's NVDA earnings and Fed minutes double-catalyst.

Nasdaq 100 ticked up 60 points to 29,357 — mega-cap AI names held bid despite NVDA's -1.8% pre-print de-risking flush.

Dow led the indices +278 points to 50,286 (+0.55%) — cyclicals and financials caught a bid from higher long-end yields.

Bitcoin slipped to $77,249 (-0.37%) — earlier-week $584M long liquidations kept positioning cautious; BTC dominance lifted to 58.1%.

Ethereum slid to $2,122 (-0.45%) — underperforming Bitcoin as DeFi flows softened post-Verus bridge exploit and TVL contracted.

NVDA shed 1.77% to $219.51 — heavy pre-earnings de-risking after Yahoo Finance flagged the stock as 'mispriced' from both directions.

Tesla closed flat at $417.85 — failed to capitalise on Newsom's $1B California EV/AI announcement as US Model Y price hike signalled demand softness.

Apple outperformed +0.91% to $304.99 — WSJ piece on 'hit products from imperfect chips' highlighted Apple's margin moat.

Microsoft slipped to $419.09 (-0.47%) — Kenya Azure setback headline questioned the Africa expansion economics and dented sentiment.

Meta gained $2.33 to $607.38 (+0.38%) — digital-ad spend resilience headlines offset broader mega-cap caution into the close.

Alphabet fell 0.32% to $387.66 — Druckenmiller-dumps-Alphabet headline plus Bank of America forecast reset weighed on positioning.

Amazon led Mag-7 gainers +1.30% to $268.46 — US Bancorp card-deal announcement plus Cramer 'fan' callout drove buying flows.