Created
: 2025.08.08
- 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
USD/CNH: Expected to consolidate in a range of 7.1720/7.1900 - UOB Group
World FX news
Breaking news
USD/CNH: Expected to consolidate in a range of 7.1720/7.1900 - UOB Group
2025.08.08 21:12
2025.08.08 21:12
US Dollar (USD) is expected to consolidate in a range of 7.1720/7.1900. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH to consolidate further
24-HOUR VIEW: "Yesterday, we expected USD to 'consolidate in a range of 7.1780/7.1980.' Our view of consolidation was not wrong, even though USD traded in a tight range of 7.1782/7.1872. Today, we continue to expect consolidation, but the softer underlying tone suggests a lower range of 7.1720/7.1900."
1-3 WEEKS VIEW: "In our most recent narrative from Monday (04 Aug, spot at 7.1900), we highlighted that USD 'appears to have moved into a 7.1600/7.2240 range trading phase.' USD traded in a range over the past couple of days, and we continue to hold the same view."
Last updated
: 2025.08.08
Related articles
Fed's Goolsbee remains undecided on September rate decision
2025.09.06 03:45Dow Jones Industrial Average left behind as tech stocks rise
2025.09.04 03:10USD/CNH: Expected to trade in a range between 7.1300 and 7.1500 - UOB Group
2025.09.03 19:36USD/CNH: Likely to consolidate between 7.1150 and 7.1340 - UOB Group
2025.09.01 21:05Dow Jones Industrial Average stumbles after PCE inflation rises
2025.08.30 01:51USD/CNH remains negative - UOB Group
2025.08.29 20:49
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
USD/CHF Price Forecast: Sinks below 0.80 on weak NFP data
The USD/CHF extended its losses on Friday, tumbling below the 50-day Simple Moving Average (SMA) at 0.8020. The release of a worse than expected US Nonfarm Payrolls report, cemented the case for a Fed rate cut at the September meeting. At the time of writing, the pair trades at 0.7980, down 0.94%.
New
2025.09.06 07:07EUR/USD jumps to 1.1714 as weak US jobs data sinks Dollar
The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms.
New
2025.09.06 06:05Canadian Dollar reverse bullish momentum, backslides further on Friday
The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump's trade war with the
New
2025.09.06 04:13Fed's Goolsbee remains undecided on September rate decision
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned on Friday that while sinking employment data is typically a cause for interest rate cuts, still-high inflation data is still cause for concern, and key Fed officials may not be fully sold on a September rate cut.
New
2025.09.06 03:45USD/CHF plunges below 0.8000 as weak NFP boosts odds of deeper Fed cuts
The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with USD/CHF sliding below the 0.8000 psychological mark to touch its lowest level since July 28.
New
2025.09.06 03:27Gold blasts to record $3,600 as weak NFP ignite Fed cut frenzy
Gold price rallies sharply and hits a new all-time high of $3,600 on Friday, following a soft Nonfarm Payrolls report, which raised speculation that the Federal Reserve (Fed) is ready to resume rate cuts. XAU/USD trades at $3,594, up 1.30% at the time of writing.
New
2025.09.06 02:47Dow Jones Industrial Average tumbles 250 points as NFP figures dip faster than expected
The Dow Jones Industrial Average (DJIA) sank on Friday, falling nearly 500 points at its lowest after United States (US) Nonfarm Payrolls (NFP) data showed the US added far fewer jobs than expected, pinning expectations of a Federal Reserve (Fed) interest rate cut on September 17.
New
2025.09.06 02:37WTI hits three-month low as OPEC+ meeting looms
West Texas Intermediate (WTI) Crude Oil is heading into the weekend under heavy pressure, extending its losing streak to a third straight day as traders brace for the Organization of the Petroleum Exporting Countries and allies (OPEC+) meeting on Sunday, September 7.
New
2025.09.06 02:26US Treasury Secretary Scott Bessent says the Fed must re-establish its credibility
United States (US) Treasury Secretary Scott Bessent warned that the Federal Reserve (Fed) must re-establish its crediblity and trust with the American people during an interview with the Wall Street Journal, published on Friday.
New
2025.09.06 02:06US: We now expect a 50bps Fed cut in September - Standard Chartered
August non-farm payrolls rose just 22k, well below the 75k consensus; three-month average is now 29k.
New
2025.09.06 01:41Disclaimer:
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
