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Morning Insight — September 25, 2026

CHART DISTRICT

DAILY PRE-MARKET BRIEF · September 25, 2026

Generated 2026-09-25T04:33:40Z · Not Financial Advice

Macro Overview

U.S. large-cap futures are holding above their 20-day EMAs with RSI still constructive despite a mild mean-reversion move in ES/NQ, suggesting buyers are defending the structure. Gold is the outlier: it has slipped under the 20-day EMA and RSI has cooled to 39.7, flipping the short-term bias to BEARISH for now. FX is a tighter story: DXY is firmer and GBPUSD is flatlining near the EMA20 with a NEUTRAL read, while USDCAD is outperforming on the same USD impulse.

Instrument Dashboard

ES — E-mini S&P 500

Last: 7759.0   CHG: -0.1%   EMA20: 7714.3666   RSI: 54.2   ATR: 77.7964   Bias: ▲ BULLISH
Futures are holding above the 20-day EMA; RSI at 63.4 shows buyers still in control. A break below 7,490 could trigger a flush toward 7,400.

NQ — E-mini Nasdaq 100

Last: 30770.25   CHG: +0.01%   EMA20: 29955.2365   RSI: 65.0   ATR: 460.6122   Bias: ▲ BULLISH
Nasdaq continues to outperform with RSI at 65.9. Watch the 29,664 support; a hold keeps the risk-on tape intact.

YM — Dow Jones Futures

Last: 51699.0   CHG: -0.03%   EMA20: 52408.5114   RSI: 37.2   ATR: 599.0714   Bias: ▼ BEARISH
Dow futures are the steadiest of the three, RSI at 67.4 and price above the EMA20. Less volatile, but the bias remains positive.

GC — Gold Futures

Last: 4304.2998   CHG: +0.15%   EMA20: 4391.9054   RSI: 44.3   ATR: 92.0785   Bias: ▼ BEARISH
Gold has broken below its 20-day EMA at 4,537.6 with RSI cooling to 39.7. Short-term trend is now BEARISH; watch 4,450 for bounce potential.

EURUSD — Euro/USD

Last: 1.1373   CHG: -0.08%   EMA20: 1.1513   RSI: 26.6   ATR: 0.0052   Bias: ▼ BEARISH
EURUSD is testing support below 1.165; RSI at 47.7 leaves the bias BEARISH against a firmer dollar.

GBPUSD — GBP/USD

Last: 1.3213   CHG: -0.22%   EMA20: 1.3418   RSI: 25.6   ATR: 0.0069   Bias: ▼ BEARISH
Pegged at 1.3433 with RSI 49.6, GBPUSD is flatlining around the EMA20 — no clear directional edge this morning.

USDJPY — USD/JPY

Last: 158.41   CHG: +0.09%   EMA20: 156.9651   RSI: 55.0   ATR: 1.4093   Bias: ▲ BULLISH
USD/JPY is still elevated with RSI at 62.4; buyers are defending the 159.15 EMA. A push above 160 would add conviction.

AUDUSD — AUD/USD

Last: 0.7016   CHG: -0.26%   EMA20: 0.7116   RSI: 32.7   ATR: 0.0047   Bias: ▼ BEARISH
AUDUSD has slipped to 0.7126, just above the EMA20, but RSI at 48.1 keeps the read NEUTRAL.

USDCAD — USD/CAD Fallback

Last: 1.4148   CHG: +0.3%   EMA20: 1.3965   RSI: 72.3   ATR: 0.0064   Bias: ▲ BULLISH
USDCAD is outperforming at 1.3899 with strong RSI of 65.8; the pair is above the EMA20 and showing clear BULLISH momentum on USD strength.

DXY — Dollar Index

Last: 101.284   CHG: -0.01%   EMA20: 100.0591   RSI: 71.6   ATR: 0.4369   Bias: ▲ BULLISH
Dollar Index at 99.385 is above the 20-day EMA with RSI at 59.8 — constructive, but not overbought yet.

Key Risk / Catalyst

Watch the 07:30 ET payroll data release — a miss or upward revision can break the current EMA-contingent range in risk assets. If the print surprises to the upside, expect USDJPY and USDCAD to extend; a miss would likely flip gold back above 4,537.6 and drag DXY lower.

CHART DISTRICT · DAILY BRIEF · NOT FINANCIAL ADVICE

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