DXY: Likely to face a range-trade for now – OCBC

US Dollar (USD) snapped decline overnight as US data - initial jobless claims, prelim services PMI surprised to the upside while UST yields drifted higher. DXY was last at 97.71 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

2-way trades likely

"Daily momentum was flat but RSI rose. 2-way trades likely, with risk slight skewed to the upside in the interim. Resistance at 97.60 (21 DMA), 98.35 (50 DMA), 99.60 levels (23.6% fibo retracement of 2025 high to low). Support at 97, 96.40 levels. Day ahead brings durable goods orders."

Jul 25, 2025

USD: Dollar environment remains mixed – ING

After a torrid few days, the dollar managed to find a little support yesterday. The domestic data was mildly encouraging in that weekly jobless claims fell again, the service sector pushed the US composite PMI to the highest levels since last December, and June new home sales were not too weak.

US natural Gas prices rebound on storage surprise – ING

US natural Gas prices rebounded after three days of losses, supported by a smaller-than-expected storage build. Lower inventory growth may signal tighter supply dynamics in the weeks ahead, ING's commodity experts Ewa Manthey and Warren Patterson note.