Report published September 29, 2026

Pictet Research: PTS Technical Views on Currencies, Commodities & 10Y Yield

Pictet · September 29, 2026

The tactical US dollar recovery is broadening following DXY's breakout above 100.36, exerting downward pressure across major currencies and precious metals. Concurrently, US and global benchmark sovereign bond yields continue impulsive wave-3 advances, led by the US 10-year yield targeting 5.37%.

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Finvaulta summarizes Pictet's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.The tactical US Dollar recovery is broadening as DXY breaks above 100.36 to target 101.80 and 102.86, pressuring EUR/USD towards 1.1324 and GBP/USD towards 1.3097.
2.US Treasury yields remain in impulsive advances with the 10-year yield clearing 5.15% to target 5.37%, though overbought momentum warns of near-term consolidation.
3.Precious metals face heavy corrective pressure as gold tests the 4,130–4,144 support zone and silver breaks below 61.02, while WTI crude holds key breakout support at 91.58.

The tactical US-dollar recovery continues to broaden, precious under pressure
Forex: Major Pairs
Forex: Minor Pairs
Commodities
Govt. Bond Yields

Report data

PTS Technical Views: Currencies, commodities, govt. bond yields* — as of September 29, 2026.

Metric	Estimate	Context
DXY Last Price	101.37 index points	Constructive above 100.36 breakout level, targeting 101.80 then 102.86.
EUR/USD Last Price	1.1364 rate	Successive support breaks expose 1.1324 then 1.1221.
US 10-Year Treasury Yield	5.23%	Breakout above 5.15% targets 5.37%, with 5.77% as a conditional range objective.
Germany 10-Year Bund Yield	3.63%	Breakout above 3.35% remains intact, targeting 3.66%.
Gold Last Price	4136.40 USD/oz	Correction approaches 4,130–4,144; below this zone, focus on the 3,955 low.