DXY: Watching for signs of turnaround – OCBC

US Dollar (USD) slipped this morning, taking cues from slight recovery in risk sentiments. DXY last at 100 levels. Overnight, US data – ADP employment, ISM services - came in better than expected, OCBC's FX analysts Frances Cheung and Christopher Wong note.

USD rebound has ran its course

"Daily momentum remains bullish, but RSI shows signs of turning from near overbought conditions. We continue to monitor if there are signs that the USD rebound has ran its course. Resistance at 100.30/60 levels (200 DMA, 76.4% fibo). Support at 99.80 (61.8% fibo), 99.10 levels (50% fibo retracement of May high to Sep low), 98.40 (38.2% fibo)."

Nov 6, 2025

GBP/JPY holds losses below 200.00 ahead of BoE interest rate decision

GBP/JPY depreciates after registering more than 0.5% gains in the previous session, trading around 200.90 during the European hours on Thursday.

EU Gas market faces winter risk amid heavy shorting – ING

Turning to Natural Gas, the latest positioning data shows that investment funds cut their net long in TTF by 24.8TWh over the last week to 21.4TWh, the smallest net long held since March 2024, ING's commodity experts Ewa Manthey and Warren Patterson note.