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: 2025.10.23
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DXY: Mild upside risk - OCBC
Breaking news
DXY: Mild upside risk - OCBC
New
2025.10.23 18:30
2025.10.23 18:30
2025.10.23 18:30
US Dollar (USD) consolidated near 5-day high, but price action remains lacklustre. DXY last at 99 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
2-way trades likely in absence of fresh catalyst
"Risk sentiments stay curtailed amid heightened geopolitical tensions. US is raising stakes ahead of showdown with China, in considering restriction of exports to China made with or containing US software. Meanwhile Trump lifted key restriction on Ukraine's use of long-range missiles allowing Ukraine to step up attacks inside Russia, which Trump later denied."
"US Treasury Secretary Scott Bessent said that US will announce 'pickup' in Russia sanctions soon. Elsewhere, the meltdown in precious metals is also weighing on sentiments. Near term, DXY may continue to consolidate near the upper bound of recent range. Daily momentum shows tentative signs of turning mild bullish while RSI rose.
"2-way trades likely in absence of fresh catalyst. Resistance at 99.10 levels (50% fibo retracement of May high to Sep low), 99.80 (61.8% fibo), 100.80 levels (200 DMA). Support at 98.40 (38.2% fibo, 21 DMA) and 98 levels (50, 100 DMAs) and 97.60 (23.6% fibo). CPI release awaits on Fri."
Last updated
: 2025.10.23
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AUD/USD gains on commodity strength as US inflation data, Fed rate cut eyed
AUD/USD appreciates 0.40% on Thursday, trading around 0.6510 at the time of writing, buoyed by a renewed appetite for commodity-linked currencies, while investors remain cautious ahead of the release of the September US inflation report, due on Friday.
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2025.10.24 00:40USD/CAD steadies as stronger US Dollar offsets support from rising oil prices
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday, with USD/CAD advancing modestly after two consecutive days of declines.
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2025.10.24 00:30GBP/USD slips as softer UK inflation boosts BoE dovish bets
The GBP/USD retreats on Thursday, down over 0.21% after the latest inflation report in the United Kingdom, increased the odds for a Bank of England rate cut by the end of the year. At the time of writing, the pair trades at 1.3326 after reaching a high of 1.3359.
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2025.10.24 00:24JPY weak and underperforming - Scotiabank
The Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all of the G10 currencies as market participants reconsider their expectations for BoJ tightening in the context of PM Takaichi's government, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret rep
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2025.10.23 23:19GBP flat vs. USD with clear post-CPI stabilization - Scotiabank
The Pound Sterling (GBP) is trading flat against the US Dollar (USD) and a mid-performer among the G10 currencies, consolidating in a tight range around 1.3350, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.23 23:18EUR soft and drifting back below 1.16 - Scotiabank
The Euro (EUR) is trading defensively and drifting back below 1.16 as it fades a portion of Wednesday's gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.23 23:16CAD little changed ahead of expected rebound in Retail Sales - Scotiabank
The Canadian Dollar (CAD) is little changed on the session but a flat performance versus the US Dollar (USD) means it is sustaining gains through the 1.40 level for the first time in 10 or so days, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.23 23:14USD firmer versus core majors - Scotiabank
The US Dollar (USD) is mixed overall on the day so far but the DXY is slightly firmer as dollar gains are concentrated mainly among the core majors, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.10.23 23:12EUR/JPY advances as Yen falters on fiscal concerns, Eurozone yield gap
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2025.10.23 23:00EUR/GBP extends gains as BoE dovish tone and fiscal concerns weigh on Sterling
The Euro (EUR) edges higher against the British Pound (GBP) on Thursday, with EUR/GBP extending gains for the second straight day in subdued trading after Bank of England (BoE) policymaker Swati Dhingra struck a dovish note.
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2025.10.23 22:45Disclaimer:
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