DXY: Next potential supports are at 102.90/102.60 and 101.90 – Société Générale

FXStreetMar 11, 2025 10:28 AM

View all comments（0）



The Dollar Index (DXY) has experienced a steady downtrend after facing strong resistance near 110.15 in January, Société Générale's FX analysts note.

Signals of a meaningful bounce are not yet visible

"It has recently given up the 200-DMA (105) and is drifting towards November low of 103.30. Daily MACD is within deep negative territory denoting a stretched down move; however, signals of a meaningful bounce are not yet visible. The MA at 105 could be first layer of resistance in case a brief rebound materializes."

"Below 103.30, next potential supports are at projections of 102.90/102.60 and 101.90."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Micron Stock Price Forecast: Nvidia's Planned Rubin Ultra HBM Layer Cut and Declining Per-Unit Memory Usage May Drag on Revenue Growth

Nvidia (NVDA) has lowered the HBM4 bandwidth specifications for its Rubin GPU, introducing a new variable into Micron's (MU) growth outlook. Nvidia's current product page lists the per-GPU bandwidth at 19.2 TB/s, down approximately 12.7% from the previous 22 TB/s, while memory capacity remains at 288GB.

Spot Gold Plunges 3% to Breach $3,900: What Caused the Drop in Gold Prices?

On October 30, Eastern Time, international gold and silver prices both fell. Spot gold (XAUUSD) breached the $3,900 mark, falling to as low as $3,891, down over 3%; spot silver dropped below the $50 level, declining over 5%. Gold's cumulative drop for the month has exceeded 6%, marking a second consecutive monthly decline, while silver has fallen approximately 18% since October. Rising oil prices intensified concerns over energy inflation and reinforced market expectations for a Federal Reserve rate hike in December, serving as a primary factor behind the sell-off in gold.

Amazon Slumps 7% Pre-Market: Surging AI CapEx, Negative Free Cash Flow Spark Concerns

TradingKey - As of press time on October 30, Eastern Time, Amazon's (AMZN) pre-market stock price fell 7.1% to $226.48.

Storage Stocks Plunge Again Pre-Market; Micron Drops Over 4%, SanDisk Down Over 3%, Western Digital Falls Over 5%

TradingKey - In US pre-market trading on October 30 ET, the US memory sector extended its decline from the previous session. Although SanDisk's latest quarterly results beat market expectations, overall weakness in tech stocks and market concerns over returns on AI infrastructure investment continued to weigh on memory-related stocks.

KOSPI Closes Down Over 3% as SK Hynix and Kioxia Both Plunge 7%, SoftBank Drops Nearly 6%

The KOSPI plunged 5%, triggering a Sidecar mechanism to stabilize the market, while SK Hynix and Kioxia both tumbled 7%.

Featured Tools