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: 2025.10.07
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DXY: 2-way trades are likely for now - OCBC
Breaking news
DXY: 2-way trades are likely for now - OCBC
New
2025.10.07 17:33
2025.10.07 17:33
2025.10.07 17:33
US Dollar (USD) traded subdued overnight in absence of key data. DXY last seen at 98.38 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Mild bullish momentum on daily chart intact
"On Fedspeaks, Schmid said officials need to keep pressing against inflation, which has remained stubbornly high. He reiterated that rates are only "slightly restrictive," which he said is appropriate. He also suggested the Fed may not need to lower rates again in the near term, with inflation still running too high. Focus tonight on Bostic, Bowman, Miran and Kashkari."
"Mild bullish momentum on daily chart intact while RSI rose. 2-way trades likely. Resistance at 98.40 levels (38.2% fibo retracement of May high to Sep low) and 99 levels (50% fibo). Support at 97.60 (21 DMA, 23.6% fibo), 97.20."
Last updated
: 2025.10.07
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JPY weakens as Takaichi's pro-stimulus agenda weighs - BBH
JPY remains under downside pressure undermined by Sanae Takaichi's (set to become Japan's next prime minister) pro-stimulus agenda, BBH FX analysts report.
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2025.10.07 19:10EUR/USD holds near 1.1660 as France faces political uncertainty - BBH
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2025.10.07 19:02USD strengthens as Gold nears $4,000 - BBH
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2025.10.07 18:56USD/CNH: Expected to trade in a range between 7.1340 and 7.1480 - UOB Group
US Dollar (USD) is expected to trade in a range between 7.1340 and 7.1480. In the longer run, upward momentum is starting to build; for a continued advance, USD must first break clearly above 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.10.07 18:54USD/JPY: Might test the significant resistance zone of 150.90/151.20 - UOB Group
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2025.10.07 18:44NZD/USD is trading in a higher range of 0.5810/0.5850 - UOB Group
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2025.10.07 18:42EUR/GBP Price Forecast: Upside attempts are limited below 0.8700
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2025.10.07 18:30JPY: A softer profile yes, but this is no 2013 - ING
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2025.10.07 18:27Disclaimer:
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