The post DXY: FOMC tonight – OCBC appeared on BitcoinEthereumNews.com. US Dollar (USD) continued to ease slightly from recent highs. DXY last at 98.82, OCBC’s FX analysts Frances Cheung and Christopher Wong note. 2-way trades likely to dominate “Softer CPI print alongside news of US large corporates cutting jobs continued to reinforce Fed’s easing cycle. Also, prospects of trade diplomacy between US and China is also another factor supportive of risk sentiment, RMB and a softer USD.” “Near term, FOMC is in focus (2am SGT). A 25bp cut is fairly priced and we continue to look for another back-to-back cut in Dec and another cut in 2026. The meeting between Xi and Trump in Korea on Thu is also on the radar.” “Daily momentum is flat while RSI rose. 2-way trades likely to dominate. Support at 98.40 (38.2% fibo) and 98 levels (50, 100 DMAs) and 97.60 (23.6% fibo). Resistance at 99.10 levels (50% fibo retracement of May high to Sep low), 99.80 (61.8% fibo), 100.80 levels (200 DMA).” Source: https://www.fxstreet.com/news/dxy-fomc-tonight-ocbc-202510291042The post DXY: FOMC tonight – OCBC appeared on BitcoinEthereumNews.com. US Dollar (USD) continued to ease slightly from recent highs. DXY last at 98.82, OCBC’s FX analysts Frances Cheung and Christopher Wong note. 2-way trades likely to dominate “Softer CPI print alongside news of US large corporates cutting jobs continued to reinforce Fed’s easing cycle. Also, prospects of trade diplomacy between US and China is also another factor supportive of risk sentiment, RMB and a softer USD.” “Near term, FOMC is in focus (2am SGT). A 25bp cut is fairly priced and we continue to look for another back-to-back cut in Dec and another cut in 2026. The meeting between Xi and Trump in Korea on Thu is also on the radar.” “Daily momentum is flat while RSI rose. 2-way trades likely to dominate. Support at 98.40 (38.2% fibo) and 98 levels (50, 100 DMAs) and 97.60 (23.6% fibo). Resistance at 99.10 levels (50% fibo retracement of May high to Sep low), 99.80 (61.8% fibo), 100.80 levels (200 DMA).” Source: https://www.fxstreet.com/news/dxy-fomc-tonight-ocbc-202510291042

DXY: FOMC tonight – OCBC

2025/10/29 21:29

US Dollar (USD) continued to ease slightly from recent highs. DXY last at 98.82, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

2-way trades likely to dominate

“Softer CPI print alongside news of US large corporates cutting jobs continued to reinforce Fed’s easing cycle. Also, prospects of trade diplomacy between US and China is also another factor supportive of risk sentiment, RMB and a softer USD.”

“Near term, FOMC is in focus (2am SGT). A 25bp cut is fairly priced and we continue to look for another back-to-back cut in Dec and another cut in 2026. The meeting between Xi and Trump in Korea on Thu is also on the radar.”

“Daily momentum is flat while RSI rose. 2-way trades likely to dominate. Support at 98.40 (38.2% fibo) and 98 levels (50, 100 DMAs) and 97.60 (23.6% fibo). Resistance at 99.10 levels (50% fibo retracement of May high to Sep low), 99.80 (61.8% fibo), 100.80 levels (200 DMA).”

Source: https://www.fxstreet.com/news/dxy-fomc-tonight-ocbc-202510291042

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
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