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: 2025.11.06
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DXY: Watching for signs of turnaround - OCBC
Breaking news
DXY: Watching for signs of turnaround - OCBC
New
2025.11.06 17:51
2025.11.06 17:51
2025.11.06 17:51
US Dollar (USD) slipped this morning, taking cues from slight recovery in risk sentiments. DXY last at 100 levels. Overnight, US data - ADP employment, ISM services - came in better than expected, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD rebound has ran its course
"Daily momentum remains bullish, but RSI shows signs of turning from near overbought conditions. We continue to monitor if there are signs that the USD rebound has ran its course. Resistance at 100.30/60 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
: 2025.11.06
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EUR/GBP Euro is tests support at 0.8800 area with all eyes on the BoE
The Euro remains on its back foot against the British Pound for the second consecutive day on Thursday.
New
2025.11.06 20:13USD/CNH: Likely to trade in a range of 7.1220/7.1350 - UOB Group
US Dollar (USD) is likely to trade in a range of 7.1220/7.1350. In the longer run, there is scope for USD to test 7.1450.
New
2025.11.06 19:51NOK gains as Norges Bank holds rate at 4.00% - BBH
Norwegian Krone (NOK) strengthens as the Norges Bank keeps policy steady at 4.00% and signals cautious future rate cuts, BBH FX analysts report.
New
2025.11.06 19:48EUR/JPY steady as Eurozone retail sales meet expectations, BoJ minutes hawkish
EUR/JPY trades without a clear trend on Thursday, hovering around 177.00, virtually unchanged on the day. The pair remains stable after the release of mixed data from both the Eurozone and Japan, maintaining a fragile balance between the two currencies.
New
2025.11.06 19:43USD/JPY: Likely to trade in a range between 153.30 and 154.40 - UOB Group
US Dollar (USD) could trade in a range between 153.30 and 154.40. In the longer run, USD appears to have entered a 152.40/154.40 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New
2025.11.06 19:43NZD/USD: Likely part of a range-trading phase between 0.5640 and 0.5680 - UOB Group
The current price movements are likely part of a range-trading phase between 0.5640 and 0.5680. 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.
New
2025.11.06 19:40GBP/USD holds above 1.3000 ahead of BOE decision - BBH
GBP/USD is holding above key support at 1.3000, BBH FX analysts report.
New
2025.11.06 19:37USD/JPY holds above 153.50 amid wage data - BBH
USD/JPY is consolidating above 153.50, just shy of its recent high near 154.50, BBH FX analysts report.
New
2025.11.06 19:35AUD/USD: Expected to consolidate in a range of 0.6485/0.6525 - UOB Group
Australian Dollar (AUD) is expected to consolidate in a range of 0.6485/0.6525. In the longer run, outlook for AUD is negative now, but last month's low near 0.6445 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.11.06 19:32USD pulls back after testing 200-DMA - BBH
USD retraced some of its recent gains after testing resistance at the 200-day moving average. No policy-relevant data will be released today but a full slate of Fed speakers could generate some market volatility (Williams, Barr, Hammack, Waller, Paulson, and Musalem), BBH FX analysts report.
New
2025.11.06 19:29Disclaimer:
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