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NEWS & ANALYSIS POSTS

Technical Analysis:Your Daily Dose of Market Insights, June 16, 2023

Headlines:


- Weaker US dollar made oil more affordable for buyers, supporting positive sentiment in the market.

- Federal Reserve maintains borrowing costs but signals higher likelihood of future rate increases, raising concerns about economic growth.

- European Central Bank raises euro zone borrowing costs to combat high inflation, indicating potential for further rate increases.

- Bank of Japan maintains ultra-easy monetary policy to support fragile economic recovery despite stronger-than-expected inflation.

- Market outlook reflects a mix of optimism from China's stimulus measures and cautiousness due to concerns over higher interest rates.

Key event today:

  • US University of Michigan consumer sentiment

 

Dollar Index (DXY) Intraday:


Pivot Level: 102.53


Dollar Index, DXY  Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

Gold Intraday:


Pivot Level: 1935.82


XAU/USD Gold Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

USD/JPY Intraday:


Pivot: 140.57


USD/JPY Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.


AUD/USD Intraday


Pivot: 0.6847


AUD/USD Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

Crude Oil (WTI)‎ Intraday


Pivot: 70.14


WTI Crude oil Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

USD/CAD Intraday:


Pivot: 1.3263


USD/CAD Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

EUR/USD Intraday:


Pivot: 1.090

EUR/USD Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

GBP/USD Intraday:


Pivot: 1.273


GBP/USD Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

EUR/GBP Intraday:


Pivot: 0.8566


EUR/GBP Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

Nasdaq 100 Intraday


Pivot:

15,120.74


Nasdaq 100 stock index Bar chart showing forex and commodities prices, green/red candles depict daily trading trends. Includes moving average, Bollinger bands, and RSI.

Our website offers information about investing, trading and saving, but not personal advice. If you're not sure which investments are right for you, please request advice, for example from your financial advisers. If you decide to invest or trade, remember that investments can go up and down in value, so you could get back less than you put in. ©2023 by Chump Profit.


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