Created
: 2024.10.30
- 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: ADP employment, 3Q GDP on their way - OCBC
Breaking news
DXY: ADP employment, 3Q GDP on their way - OCBC
New
2024.10.30 18:12
2024.10.30 18:12
2024.10.30 18:12
The US Dollar (USD) traded 2-way overnight with gains on the back of strong consumer confidence but turned lower after JOLTS job openings slumped to lowest level since early 2021. DXY was last at 104.10, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Room for USD to retrace lower
"Moves reinforced our view for more 2-way trades in the USD this week amidst a slew of tier-1 data releases. Tonight, we have ADP employment, 3Q GDP before core PCE tomorrow and payrolls on Friday."
"Daily momentum remains bullish but there are signs of it fading while RSI eased lower from overbought conditions. We see room for USD to retrace lower. That said, pullback may also be shallow ahead of US elections next week."
"Support at 103.80 levels (200 DMA, 50% fibo), 102.90/103.20 levels (21, 100 DMAs, 38.2% fibo fibo retracement of 2023 high to 2024 low) and 101.90 (50 DMA). Resistance at 104.60 (61.8% fibo), 105.20 levels."
Last updated
: 2024.10.30
Related articles
EUR/USD: EUR can rise to 1.0905- UOB Group
15 minutes agoPound Sterling trades sideways ahead of US NFP, Manufacturing PMI data
2024.11.01 17:06AUD/JPY inches lower to near 100, upside potential remains supported by hawkish RBA
2024.11.01 16:27EUR/GBP remains below 0.8450, downside seems limited due to less dovish ECB
2024.11.01 15:56USD/CHF trades firmer to near 0.8650 as traders await the US NFP data
2024.11.01 15:27EUR/USD edges lower around 1.0850 due to market caution ahead of US Nonfarm Payrolls
2024.11.01 15:13
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
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
New
2024.11.01 18:30EUR/USD: EUR can rise to 1.0905- UOB Group
The Euro (EUR) could rise to 1.0905; the major resistance at 1.0935 is unlikely to come under threat.
New
2024.11.01 18:21Pound Sterling trades sideways ahead of US NFP, Manufacturing PMI data
The Pound Sterling (GBP) ties in a tight range near 1.2900 against the US Dollar (USD) in Friday's London session.
New
2024.11.01 17:06AUD/JPY inches lower to near 100, upside potential remains supported by hawkish RBA
The AUD/JPY pair remains subdued for the second day, hovering around 100.00 during the European session after the release of mixed Q3 Producer Price Index (PPI) data on Friday.
New
2024.11.01 16:27EUR/GBP remains below 0.8450, downside seems limited due to less dovish ECB
EUR/GBP inches lower after two days of gains, trading around 0.8430 during the early European hours on Friday.
New
2024.11.01 15:56USD/CHF trades firmer to near 0.8650 as traders await the US NFP data
The USD/CHF pair gathers strength to near 0.8640 during the early European session on Friday.
New
2024.11.01 15:27EUR/USD edges lower around 1.0850 due to market caution ahead of US Nonfarm Payrolls
EUR/USD halts its four-day winning streak, trading around 1.0870 during the Asian session on Friday.
New
2024.11.01 15:13Forex Today: Market attention turns to US October employment data
Here is what you need to know on Friday, November 1: The US Dollar (USD) stays resilient against its rivals early Friday, with the USD Index holding steady near 104.00 following a three-day slide.
New
2024.11.01 15:05US Nonfarm Payrolls Forecast: NFP October report set to show slower job growth
All eyes are on the market-moving Nonfarm Payrolls (NFP) data for October, to be released by the United States Bureau of Labor Statistics (BLS) on Friday at 12:30 GMT.
New
2024.11.01 15:00USD/CAD trades with mild losses below 1.3950, US NFP data looms
The USD/CAD pair loses momentum to around 1.3925 during the early European trading hours on Friday.
New
2024.11.01 14:12Disclaimer:
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
