S&P 500 rebounds from the 5960 support – Société Générale

The S&P 500 is testing the resilience of its uptrend after rebounding from a key support level near 5960pts, with momentum indicators suggesting caution, Société Générale's FX analysts note.

All eyes on February high near 6147pts

"S&P 500 breached a short-term ascending trend line however it has staged a rebound after carving out an interim low near 5960pts last week. The index is gradually approaching the high achieved in February at 6147pts."

"Daily MACD has turned flattish highlighting receding upward momentum. It will be interesting to see if the index can maintain above 5960pts. Inability to defend this support may result in a deeper pullback towards the 200-DMA at 5830/5800pts."

Jun 17, 2025

DXY: Sideways near recent low – OCBC

US Dollar (USD) continued to trade near recent lows as markets navigate higher oil prices owing to geopolitical tensions, tariff uncertainties and central bank meetings this week. Dollar Index (DXY) was last at 98.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

NZD/USD: Likely to consolidate in a range of 0.6025/0.6085 – UOB Group

New Zealand Dollar (NZD) is likely to consolidate in a range of 0.6025/0.6085. In the longer run, upward momentum is increasing, but NZD must first close above 0.6095 before a move to 0.6135 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.