24/7 SUPPORT
Download App
Search
Popular Search
Published: 17 October 2025,05:06
Daily Market Analysis New
*U.S. government shutdown extends into a record duration, delaying key economic data
*Fed Chair Powell signals potential rate cuts amid weak labor outlook
*U.S.–China trade tensions add further pressure to market sentiment
Market Summary:
The U.S. Dollar Index (DXY) continued its sharp decline this week, extending losses as the prolonged U.S. government shutdown dampened confidence in the nation’s economic outlook. The stalemate in Congress persisted after senators failed for a 10th time to advance the GOP funding bill, forcing the shutdown to extend into next week. The ongoing deadlock has raised concerns about government inefficiency and fiscal stability, further weighing on the greenback.
The shutdown has also halted the release of major U.S. economic indicators, leaving investors and policymakers with limited data visibility. This uncertainty has complicated the Federal Reserve’s rate-setting process, though Chair Jerome Powell recently signaled that rate cuts remain possible, citing a softening labor market and growing downside risks to the economy.
At the same time, U.S.–China trade tensions have resurfaced, adding another layer of volatility to the market. President Donald Trump confirmed that the trade war “is already underway,” with the tariff ceasefire set to expire in November. Failure to reach a deal could worsen the U.S. growth outlook. Trump is still scheduled to meet Chinese President Xi Jinping later this month in South Korea, offering a potential opportunity to ease tensions.
Technical Analysis
The Dollar Index is trading lower after confirming a double-top breakout and falling below its upward trendline, suggesting continued bearish bias. The index is now hovering around the key support level of 98.15, where some stabilization may occur.
If bearish momentum persists, the next downside target lies near 97.55. However, the MACD indicates weakening downside pressure, and the RSI at 29 suggests the index has entered oversold territory, raising the probability of a short-term rebound toward 98.80.
Resistance level: 98.80, 99.55
Support level: 98.15, 97.55
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Learn
About PU Prime
Corporate
Important Notice to Visitors
Our products and services are not offered or made available to residents of your jurisdiction. The information on this Website is not directed at persons in your jurisdiction and is not intended as an offer, solicitation, or promotion of our products or services to them.
By clicking “I Understand”, you acknowledge this notice and confirm that you are accessing this Website at your own initiative. Access to this Website does not mean that our products or services are available to you.
Important Notice
Please be advised that our products and services are currently unavailable to residents and entities located in the Philippines.
This restriction is a result of our firm commitment to adhering to applicable legal and regulatory requirements in all jurisdictions where we operate. In line with our internal compliance protocols and evolving global standards, we continuously assess and update access to our platform to ensure full regulatory alignment.
We appreciate your understanding and cooperation.
If you believe this restriction has been applied in error, please contact our support team for further assistance.
Dear Valued Client,
As part of PU Prime’s ongoing commitment to providing a stable and reliable trading environment, please be informed of the following weekly weekend scheduled optimisation activities:
We sincerely apologise for any inconvenience this may cause as we strive to provide you with better service. PU Prime is committed to providing you with the best trading experience and this Weekly Scheduled Optimisation Notice will enable us to ensure that you trade without any unexpected interruptions.
For other upgrades that may involve longer disruptions to your trading, we will announce them ahead of time in a separate announcement.
Important Notice:
Important Notice: Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely on your own initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on a reverse solicitation basis in accordance with the laws of your home jurisdiction.
Important Notice:
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Aviso importante:
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
