DXY: Range-bound on the day – OCBC

FXStreetAug 5, 2025 8:45 AM

View all comments（0）



US Dollar (USD) traded subdued overnight as markets await data and Fedspeaks this week. DXY was last at 99.01, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Some consolidation expected in the interim

"Soft labour market report has already swung the probability of Fed cut in Sep to 95% (vs. 40% as of 31 July). Bullish momentum on daily chart shows signs of fading but decline in RSI moderated."

"Some consolidation expected in the interim. Support at 98.30 (21, 50 DMAs), 97.20 levels. Resistance at 100 (100 DMA), 100.50 levels. Focus this week on ISM services data (Tuesday); initial jobless claims (Thursday) and Fedspeaks."

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

September Fed Rate Decision Preview: Is a Rate Hike a Foregone Conclusion? US Stocks, Dollar, and Gold Face a Critical Test

TradingKey - The Federal Reserve will announce its September rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.m. The meeting will also release the latest economic projections and the interest rate dot plot.

SK Hynix Wage Dispute Ends as Union Agrees to Receive Bonuses in 50% Cash and 50% Stock

The SK Hynix labor union has approved a new wage agreement, under which bonuses will be distributed in an equal split of cash and stock.

Bitcoin Falls Below $75,000, Crypto Stocks Plunge as Clarity Act Vote Fails

The procedural vote on the Clarity Act failed, sending Bitcoin below $75,000 and causing crypto stocks to plunge across the board.

US Stocks Fall, Dow Drops Over 300 Points as 10-Year Treasury Yield Surges to Nearly 19-Year High; Chip Stocks Buck Trend, SpaceX Drops Over 3%

The 10-year U.S. Treasury yield briefly surged to its highest level since 2007, while international crude oil prices surpassed $100, both weighing on market sentiment as U.S. equities extended their decline, though chip stocks bucked the trend to post gains. At the close, the Dow Jones Industrial Average fell 0.63% to 52,093.11; the Nasdaq Composite Index dropped 0.78% to 25,981.57; and the S&P 500 Index slipped 0.45% to 7,585.73.

Cryptos Decline Broadly, XRP Plunges Over 10% as CLARITY Act Fails to Pass US Senate

On September 15 ET, voting on the CLARITY Act in the U.S. Senate concluded with 50 votes in favor and 50 against, falling short of the 60-vote procedural threshold required to initiate full floor debate.

Featured Tools