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: 2025.08.25
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DXY: USD bears need momentum from data - OCBC
Breaking news
DXY: USD bears need momentum from data - OCBC
New
2025.08.25 19:12
2025.08.25 19:12
2025.08.25 19:12
US Dollar (USD) fell post Powell's speech at Jackson Hole. But the decline in USD did not make fresh lows. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Mild bearish momentum on daily chart fades
"Price action reflects a sigh of relief that a Fed pivot is finally underway but at the same time, momentum was somewhat restraint as Powell stopped short of being committal - on timing and trajectory of Fed rate cuts. Nevertheless, a 25bp cut is 86% chance priced in. For USD to come off more significantly may require the blessing of softer US data print this week.
"There are also a few Fedspeaks including Williams and Waller on Tuesday and Friday, respectively. We will be keeping a lookout on whether data or Fedspeaks changes the narrative from 25bp cut to discussion of 50bp cut at Sep FOMC or whether the trajectory of cut this year increases. Softer US data or dovish tilt rhetoric in Fedspeaks should continue to weigh on USD."
"Mild bearish momentum on daily chart faded while decline in RSI moderately. 2-way trades likely in the interim. Resistance at 98.50 (21 DMA), 98.90 (100 DMA), 99.60 levels. Support at 97.60 levels."
Last updated
: 2025.08.25
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Gold steadies near two-week highs as US Dollar stabilizes
Gold (XAU/USD) kicks off the week on a softer footing, pulling back slightly after touching a two-week high on Friday following Federal Reserve (Fed) Chair Jerome Powell's dovish remarks at the Jackson Hole Symposium, which fueled a broad rally in precious metals.
New
2025.08.25 20:55USD/JPY: Likely to trade in a range between 146.80 and 147.85 - UOB Group
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New
2025.08.25 20:50EUR soft despite fresh highs - Scotiabank
The Euro (EUR) is down a modest 0.3% as it fades a slight portion of Friday's gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.25 20:42NZD/USD has scope to test 0.5885 before levelling off - UOB Group
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New
2025.08.25 20:41AUD/USD trades firmly near 0.6500 as Powell's dovish remarks underpin riskier assets
The AUD/USD pair clings to gains near the key level of 0.6500 during the European trading session on Monday.
New
2025.08.25 20:40WTI Oil hit two-week highs above $64.00 on Fed cut's hopes,
Crude Oil prices are trading higher for the fourth day in a row on Monday, testing prices above $64.00 level for the first time over the last two weeks, as market expectations of lower interest rates in the United States have raised hopes of higher demand.
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2025.08.25 20:39CAD flat vs. the USD and gaining on crosses - Scotiabank
The Canadian Dollar (CAD) is entering Monday's NA session unchanged vs. the USD as it consolidates Friday's Jackson Hole-driven gains.
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2025.08.25 20:38AUD/USD: Likely to trade in a range of 0.6460/0.6510 - UOB Group
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2025.08.25 20:35Markets quiet following Powell's dovish Jackson Hole speech Friday - Scotiabank
The US Dollar (USD) is entering Monday's NA session with broad--albeit minor--gains as it tries to claw back a portion of Friday's Jackson Hole-driven decline, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.25 20:32GBP/USD: Likely to trade in a range of 1.3465/1.3545 - UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3465/1.3545. In the longer run, further GBP strength is not ruled out, but it is unclear if there is enough momentum for it to reach 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.08.25 20:28Disclaimer:
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