DXY: PPI, Initial Jobless Claims up next – OCBC
Source Fxstreet
The US Dollar (USD) bounced overnight after core CPI, real hourly earnings report surprised to the upside, OCBC’s FX analysts Frances Cheung and Christopher Wong note.
USD shorts may just get another squeeze again
“The upside surprise in US data serves as a reminder how crowded USD shorts can further be squeezed out – these also underscores how US data can prove to be asymmetric to USD price action. Today, we have PPI and initial jobless claims. Another better-than-expected print in favour of US may well see dovish expectation being scaled back.”
“On this note, USD shorts may just get another squeeze again. DXY was last at 101.82. Daily momentum is bullish while RSI rose. Resistance at 102.20 (23.6% fibo retracement of 2023 high to 2024 low). Support at 100.50 levels.”
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
After a turbulent 2025, what lies ahead for commodities, forex, and cryptocurrency markets in 2026?
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Gold price (XAU/USD) rises to near $4,345 during the early Asian session on Friday. Gold finished 2025 with a significant rally, achieving an annual gain of around 65%, its biggest annual gain since 1979.
The EUR/USD pair trades in positive territory around 1.1755 during the early European trading hours on Friday.
Ethereum Price Forecast: Accumulation addresses post record inflows in December despite high selling pressureEthereum (ETH) accumulation addresses recorded their highest monthly inflow in December 2025 as the year came to a close. Despite the weak market momentum following the holidays, these wallets doubled down on their buying pressure, adding 3.62 million ETH to their cumulative balance.
Ethereum (ETH) accumulation addresses recorded their highest monthly inflow in December 2025 as the year came to a close. Despite the weak market momentum following the holidays, these wallets doubled down on their buying pressure, adding 3.62 million ETH to their cumulative balance.
Related Instrument
