Created
: 2025.08.05
- 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: Range-bound on the day - OCBC
Breaking news
DXY: Range-bound on the day - OCBC
New
2025.08.05 17:46
2025.08.05 17:46
2025.08.05 17:46
US Dollar (USD) traded subdued overnight as markets await data and Fedspeaks this week. DXY was last at 99.01, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Some consolidation expected in the interim
"Soft labour market report has already swung the probability of Fed cut in Sep to 95% (vs. 40% as of 31 July). Bullish momentum on daily chart shows signs of fading but decline in RSI moderated."
"Some consolidation expected in the interim. Support at 98.30 (21, 50 DMAs), 97.20 levels. Resistance at 100 (100 DMA), 100.50 levels. Focus this week on ISM services data (Tuesday); initial jobless claims (Thursday) and Fedspeaks."
Last updated
: 2025.08.05
Related articles
Kremlin: Trump-Putin Summit could take place in the 'coming days'
23 minutes agoGBP/USD: Clear break above 1.3385 is unlikely - UOB Group
30 minutes agoUSD/CHF wavers around 0.8060 with US Jobless Claims on focus
32 minutes agoDXY: Some consolidation expected in the interim - OCBC
35 minutes agoJapanese official: Bank of Japan may be behind the curve vs. inflation
47 minutes agoUSD: Things moving fast on tariffs, geopolitics and Fed - ING
50 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
Kremlin: Trump-Putin Summit could take place in the 'coming days'
The Kremlin said in a statement on Thursday, "at the suggestion of the American side, an agreement has been reached in principle to hold a bilateral summit in the coming days" between Russian President Vladimir Putin and his US counterpart Donald Trump.
New
2025.08.07 18:46GBP/USD: Clear break above 1.3385 is unlikely - UOB Group
Overbought advance in Pound Sterling (GBP) could extend against US Dollar (USD), but a clear break above 1.3385 is unlikely. In the longer run, GBP has likely entered a 1.3285/1.3425 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.07 18:39USD/CHF wavers around 0.8060 with US Jobless Claims on focus
The Swiss Franc and the US Dollar are the worst-performing currencies amid the risk-on mood on Thursday, which leaves the USD/CHF pair treading water around 0.8060, awaiting US weekly claims data for further fundamental guidance.The Greenback seems to have found some support at the 0.8040 area follo
New
2025.08.07 18:38DXY: Some consolidation expected in the interim - OCBC
US Dollar (USD) extended its slippage overnight. Fedspeaks this week from officials, including Lisa Cook, Kashkari and Mary Daly have also been on a slightly dovish tilt, adding to USD softness. DXY was last at 98.10, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.08.07 18:34Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
New
2025.08.07 18:30Japanese official: Bank of Japan may be behind the curve vs. inflation
A private-sector member of the Japanese government's Economic Council said on Thursday that he is "worried that the Bank of Japan (BoJ) may be behind the curve vs. inflation, which is already affecting people's livelihood," per Reuters.
New
2025.08.07 18:23USD: Things moving fast on tariffs, geopolitics and Fed - ING
Developments this week are unfolding rapidly across three key areas: tariffs, geopolitics, and the Federal Reserve. The first two are somewhat interconnected when it comes to India, which has faced a tariff hike to 50% in response to its economic ties with Russia.
New
2025.08.07 18:20EUR/JPY Price Forecast: Hovers around 172.00, support appears at nine-day EMA
EUR/JPY holds ground after registering gains in the previous two consecutive sessions, trading around 171.90 during the European hours on Wednesday. The technical analysis of the daily chart suggests the ongoing neutral market bias as the currency cross remains within the rectangular pattern.
New
2025.08.07 18:09EUR/USD: Likely to trade with an upward bias - UOB Group
There is a chance for EUR to test 1.1685; a sustained rise above this level appears unlikely. In the longer run, Euro (EUR) is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.08.07 17:46Silver Price Forecast: XAG/USD is testing resistance at $38.30
Silver (XAG/USD) is heading higher on Thursday, favoured by a weaker US Dollar, as market concerns about the US economic outlook and higher hopes of Fed rate cuts are weighing heavily on the US Dollar.The US Dollar Index, which measures the Greenback against a basket of the most traded currencies, h
New
2025.08.07 17:43Disclaimer:
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
