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: 2025.11.05
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DXY: Boosted by risk-off trades - OCBC
Breaking news
DXY: Boosted by risk-off trades - OCBC
New
2025.11.05 17:53
2025.11.05 17:53
2025.11.05 17:53
US Dollar (USD) received another jolt higher overnight, this time due to sudden turn in risk sentiments. DXY last at 100.10 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Daily momentum is bullish
"Equities in Asia were down, with KOSPI leading losses while precious metals hold losses and bitcoin briefly slipped below $100k mark at one point overnight. Chatters of valuation concerns, profit-taking were amongst some of the reasons cited for the risk-off trades.
"To add, absence of US data due to government shutdown as well as a less committal and divisive Fed were already providing the excuse for USD short squeeze to play out. Given dovish pricing for 2026, any pare back in expectations may add to further USD upticks in the interim."
"Daily momentum is bullish, but RSI shows signs of turning from near overbought conditions. We are observing if there are signs of moderation in the pace of rise. Resistance at 100.50/60 levels (200 DMA, 76.4% fibo). Support at 99.80 (61.8% fibo), 99.10 levels (50% fibo retracement of May high to Sep low), 98.40 (38.2% fibo)."
Last updated
: 2025.11.05
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2025.11.05 19:02
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EUR/GBP Price Forecast: Euro is testing support at 0.8800 area
The Euro is pulling back from two-year highs near 0.8830 to test support at the 0.8800 area.
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Outsized drop appears to be overdone, but New Zealand Dollar (NZD) could test 0.5620. The next support at 0.5600 is unlikely to come under threat. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.11.05 19:18USD/BRL finds support at channel base bear 5.27 - Société Générale
USD/BRL is stabilizing after testing key support levels, with technical signals suggesting scope for a short-term rebound toward 5.52, Société Générale's FX analysts note.
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Strong momentum suggests Australian Dollar (AUD) could drop further to 0.6465; the major support at 0.6445 is likely out of reach for now.
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2025.11.05 18:48Disclaimer:
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