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DAX, XLE and Tesla Eye Upside as Markets Brace for NFP

By: 
Christopher Lewis
Published: Sep 3, 2026, 11:45 GMT+00:00

DAX, XLE and Tesla forecasts turn bullish as traders await NFP, with key breakout levels, Treasury yields and Middle East supply risks in focus.

In this article:

US 10 Year Yield Technical Analysis

Daily chart for the US 10-Year Treasury Yield showing yield at 4.776%, holding above the 50 EMA (4.640%) and 200 EMA (4.435%). Source: TradingView

The US 10-year yield is a little bit lower during trading here on Thursday, but still has plenty of support, and therefore I think you have to look at this as a market that is still going to see elevated rates. We have the nonfarm payroll announcement coming out tomorrow on Friday, and that could be a major mover of markets as well due to interest rate expectations, and therefore could be a little hesitant here on Thursday.