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Market Forecasts – Yield Fluctuations Drive Setups Across FX and Commodities

By
Christopher Lewis
Published: Jul 30, 2026, 12:26 GMT+00:00

The interest rate market continues to see a lot of noise, as the FOMC meeting has come and gone.

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US10Y Technical Analysis

The US 10-year yield rises to 4.68%, back near 4.70% above its EMAs. Source: TradingView

The 10-year yield in America has initially shot higher, but it’s starting to pull back just a touch. So this looks to me like a market that really wants to grind back and forth. If yields drop during the session, that could have an influence on several things out there. If they turn around and break above the 4.70% level again, that also could have an influence, very pro-US dollar typically.