Created
: 2024.09.27
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
DXY: 2-way risks near term - OCBC
Breaking news
DXY: 2-way risks near term - OCBC
New
2024.09.27 18:30
2024.09.27 18:30
2024.09.27 18:30
The US Dollar (USD) slipped amid slippage in initial jobless claims but levels remain confined to recent lows. Dollar Index (DXY) was last at 100.65, OCBC FX analysts Frances Cheung and Christopher Wong note.
Interim double-bottom seems to be forming
"Daily momentum is mild bullish while RSI dipped. Interim double-bottom appears to be forming - we continue to watch price action. Resistance at 101.10 (21 DMA), 101.90. Support at 100.20 levels (interim double bottom)."
"This week, we watch core PCE (Friday). A hotter print would bring back fears of second-round inflation risks, especially so when Fed is guiding for frontloading of rate cuts. We are also caution of quarter-end flows that may distort price action in the short term."
Last updated
: 2024.09.27
Related articles
GBP: Strength continues - ING
11 minutes agoUSD/CAD Price Forecast: Trades cautiously ahead of US PCE inflation, Canadian GDP
16 minutes agoUS Dollar consolidates ahead of US PCE release
21 minutes agoUSD/JPY: USD has to maintain a foothold above 145.50 to grow - UOB Group
36 minutes agoCrude Oil set for weekly loss on waning worries about supply
51 minutes agoUSD: Markets are less sensitive to inflation news - ING
51 minutes ago
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
GBP: Strength continues - ING
It's been a quiet week in the UK calendar, but the weak economic indicators out of the eurozone have dealt a blow to EUR/GBP, ING's FX strategist Francesco Pesole notes.
New
2024.09.27 20:10USD/CAD Price Forecast: Trades cautiously ahead of US PCE inflation, Canadian GDP
The USD/CAD pair trades with caution below the psychological resistance of 1.3500 in Friday's European session.
New
2024.09.27 20:04US Dollar consolidates ahead of US PCE release
The US Dollar (USD) trades flat to marginally higher on Friday, with traders looking forward to the release of the Personal Consumption Expenditures (PCE) Price Index for August.
New
2024.09.27 20:00USD/CNH: To trade in a range between 6.9700 and 7.0100 - UOB Group
The US Dollar (USD) is likely to trade in a range between 6.9700 and 7.0100.
New
2024.09.27 19:59USD/JPY: USD has to maintain a foothold above 145.50 to grow - UOB Group
The US Dollar (USD) could rise 145.50; a sustained advance above this major resistance level is unlikely.
New
2024.09.27 19:45Gold retreats as global factors ease, Fed to be more measured
Gold (XAU/USD) edges lower to trade in the $2.660s per troy ounce on Friday, as the impact of Chinese government stimulus starts to ebb and central banks globally adopt a less dovish stance.
New
2024.09.27 19:36USD: Markets are less sensitive to inflation news - ING
US initial jobless claims came in once again lower than expected on Thursday, but continuing claims rebounded to 1.834m.
New
2024.09.27 19:30Crude Oil set for weekly loss on waning worries about supply
Crude Oil is bouncing off a substantial support level on Friday, consolidating the recent losses the commodity had to digest earlier in the week. Still, Oil is set to close the week in the red, weighed by news that Saudi Arabia - the world's largest crude
New
2024.09.27 19:30EUR: Another break above 1.12 is possible - ING
Eurozone-wide CPI figures will be published next Tuesday, and another break above 1.12 for EUR/USD is surely possible into next week's US payrolls data, FX strategist Francesco Pesole notes.
New
2024.09.27 19:24NZD/USD: Unlikely to break above 0.6355 - UOB Group
The New Zealand Dollar (NZD) could continue to rise but is unlikely to break above 0.6355.
New
2024.09.27 19:15Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
