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Dow Jones Industrial Average climbs 600 points on Thursday surge
The Dow Jones Industrial Average (DJIA) lurched higher on Thursday, climbing upwards of 550 points as investors stepped back into their bidding shoes.
USD/CNH: Major resistance at 7.2800 is likely out of reach - UOB Group
Scope for the US Dollar (USD) to rise to 7.2630; the major resistance at 7.2800 is likely out of reach.
Dow Jones Industrial Average wobbles ahead of key earnings on Wednesday
The Dow Jones Industrial Average (DJIA) tested familiar lows on Wednesday, churning chart paper just north of the 43,000 handle.
USD/CNH: Unlikely to reach the strong support at 7.2000 - UOB Group
The US Dollar (USD) could weaken further; any decline is unlikely to reach the strong support at 7.2000.
Dow Jones Industrial Average stumbles on Tuesday
The Dow Jones Industrial Average (DJIA) took a knee early Tuesday, backsliding to 42,850 during the early US market session after Russia lowered its threshold for nuclear weapon use after Ukraine deployed US-provided weapons within Russia's borders.
USD/CNH: Unlikely to reach the strong support at 7.2000 - UOB Group
The US Dollar (USD) could weaken further; any decline is unlikely to reach the strong support at 7.2000.
USD/CNH: Likely to trade in a range of 7.2250/7.2500 - UOB Group
The US Dollar (USD) is likely to trade in a range of 7.2250/7.2500.
Dow Jones Industrial Average tumbles over 350 points on Friday
The Dow Jones Industrial Average (DJIA) trimmed it's recent bull run, declining over 350 points and giving back roughly 0.85% as investors grapple with an increasingly uncertain future.
USD/CNH: Next resistance above 7.2800 is at 7.3115 - UOB Group
The US Dollar (USD) is likely to trade in a range, probably between 7.2350 and 7.2700.
Powell speech grabs attention in the American afternoon, focus on Trump
Federal Reserve (Fed) Chairman Jerome Powell is due to participate in a panel discussion titled "Global Perspectives" at an event hosted by the Federal Reserve Bank of Dallas this Thursday, and speculative interest eagerly awaits his words.
USD/CNH: Has a chance to break above 7.2600 - UOB Group
USD is likely to edge higher; any advance is unlikely to break above 7.2600.
USD/CNH: Policymakers attempt to slow pace of depreciation - OCBC
USD/CNH traded higher but eased post CNY fix. Pair was last at 7.2236, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CNH: Level to watch is 7.2400 - UOB Group
Surge in momentum suggests further US Dollar (USD) strength, but the pace and extent is likely to be more moderate.
Dow Jones Industrial Average climbs as consumer sentiment improves
The Dow Jones Industrial Average (DJIA) rose into fresh all-time highs on Friday, clipping into 44,000 as stocks lean firmly bullish to close out a record week.
Fed: Staying on rate cut path with 25-bps move and political defiance - UOB Group
The Fed in its 6/7 Nov 2024 Federal Open Market Committee (FOMC) meeting, unanimously decided to reduce the target range of its Fed Funds Target Rate (FFTR) by 25-bps to 4.50-4.75%, in line with our and broad market expectations.
USD/CNH: Surge in momentum suggests further USD strength - UOB Group
The US Dollar (USD) is likely to trade in a range between 7.1350 and 7.1770.
Dow Jones Industrial Average treads water ahead of Fed rate call
The Dow Jones Industrial Average (DJIA) is trading in a tight range on Thursday, testing close to record highs set earlier this week near 43,800.
USD/CNH: Chance to rise above 7.2200 - UOB Group
The US Dollar (USD) could rise above 7.2200; the next resistance at 7.2400 is unlikely to come into view.
USD/CNH: Can breach 7.1800 near term - UOB Group
Impulsive advance in early Asian trade could extend to 7.1550 before levelling off.
USD/CNH: To decline towards 7.0660 - UOB Group
Instead of continuing to weaken, the US Dollar (USD) is likely to trade in a range between 7.1000 and 7.1250.
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