Trade The World
DXY: Focus shifts back to data – OCBC
Par FXStreet Insights Team
Date de publication: 31 Jul 2025 | Date de modification: 31 Jul 2025
POPULAR ARTICLES
US Dollar (USD) bulls extended another leg up overnight following FOMC/Powell’s press conference, OCBC's FX analysts Frances Cheung and Christopher Wong note.
US Dollar (USD) bulls extended another leg up overnight following FOMC/Powell’s press conference, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DXY was last at 99.75 levels
"From an FX point of view, markets were likely to have anticipated Fed Chair Powell to make a soft pivot or hint of rate cut soon but it turned out there was no signaling from Powell. He indicated that the Fed 'made no decisions' about a potential September cut."
"This is in contrast to Trump’s earlier comments (before FOMC decision) to reporters that 'I hear they are going to do it (referring to rate cut) in September'. Fed fund futures now implied a push back in timing of next rate cut to about Dec, from Oct (before the decision). Focus next on core PCE (tonight); payrolls and ISM mfg (Friday)."
"Daily momentum is bullish while RSI rose towards overbought conditions. Immediate resistance at 100 (100 DMA), 100.50 levels. Support at 98.00/30 levels (21, 50 DMAs), 97 levels."
FXStreet
Plus d’un million d’utilisateurs se tournent vers FXStreet pour des données de marché en temps réel, des outils de graphiques, des analyses d’experts et des actualités Forex. Leur calendrier économique complet et leurs webinaires éducatifs aident les traders à rester informés et à prendre des décisions éclairées. FXStreet s’appuie sur une équipe d’environ 60 professionnels répartis entre le siège de Barcelone et diverses régions du monde.
Read More
