Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Economic Indicator

DXY: Bearish but pace of decline may slow – OCBC

Source Fxstreet

Markets were largely quiet overnight with US and UK markets closed for public holiday. DXY was last at 99.29 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Consolidation not ruled out intra-day

"Daily momentum shows signs of turning mild bearish but decline in RSI shows signs of moderation. Consolidation not ruled out intra-day. Next support at 97.90 (2025 low), 97.40 levels. Resistance at 100.1 (21 DMA) and 100.80 (23.6% fibo retracement of 2025 peak to trough)."

"For now, tariff uncertainties have re-surfaced following Trump’s tariff threat on EU (although it is delayed) and smartphone makers. It remains unclear if tariffs on pharmaceutical and semiconductors are still coming. Two weeks ago, Trump also said that the US will send letters to some of its trading partners to unilaterally impose new tariff rates in the coming weeks."

"It is also unclear if these are new tariff rates on top of those earlier announced or if they supersede previously announced tariffs rates. Policy unpredictability surrounding Trump’s tariffs, ballooning debt and deficits are some US-centric risks that may continue to undermine confidence in the USD."

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Holds Above $109K as Long-Term Holders Accumulate Amid Liquidations Bitcoin maintains upward momentum despite a recent market retracement that briefly pulled the asset off its all-time highs. After climbing past the $111,000 level last week to set a new record, the

Author NewsBTC

14 hours ago

Bitcoin maintains upward momentum despite a recent market retracement that briefly pulled the asset off its all-time highs. After climbing past the $111,000 level last week to set a new record, the

Gold price consolidates below two-week high; bullish potential seems intact Gold price (XAU/USD) struggles to gain any meaningful traction and oscillates in a narrow band during the Asian session on Tuesday amid mixed fundamental cues.

Author FXStreet

14 hours ago

Gold price (XAU/USD) struggles to gain any meaningful traction and oscillates in a narrow band during the Asian session on Tuesday amid mixed fundamental cues.

EUR/USD gathers strength to near 1.1400 as Trump delays EU tariffs The EUR/USD pair trades in positive territory near 1.1395 during the Asian trading hours on Tuesday. The Euro (EUR) edges higher to the highest since late April against the US Dollar (USD) after US President Donald Trump delayed the imposition of 50% tariffs on Europe.

Author FXStreet

14 hours ago

The EUR/USD pair trades in positive territory near 1.1395 during the Asian trading hours on Tuesday. The Euro (EUR) edges higher to the highest since late April against the US Dollar (USD) after US President Donald Trump delayed the imposition of 50% tariffs on Europe.

Dogecoin Breakout Incoming? $3 Target On The Horizon—Analyst Dogecoin has held steady above $0.22 since May 20 and climbed back after a brief dip. It hit $0.25 on May 23, then eased into the weekend. In the last 24 hours, the token is up 4.1%. Over a week,

Author NewsBTC

14 hours ago

Dogecoin has held steady above $0.22 since May 20 and climbed back after a brief dip. It hit $0.25 on May 23, then eased into the weekend. In the last 24 hours, the token is up 4.1%. Over a week,

Dog-themed coins SHIB show bullish signs, DOGE faces resistance Dogecoin (DOGE) and Shiba Inu (SHIB) are down roughly 1% at press time on Tuesday. While the dog-themed meme coins have consolidated for almost a week, Shiba Inu shows recovery signs in the derivatives market and technical charts as Dogecoin faces headwinds.

Author FXStreet

14 hours ago

Dogecoin (DOGE) and Shiba Inu (SHIB) are down roughly 1% at press time on Tuesday. While the dog-themed meme coins have consolidated for almost a week, Shiba Inu shows recovery signs in the derivatives market and technical charts as Dogecoin faces headwinds.

Related Instrument