Technical Analysis:Your Daily Dose of Market Insights, June 20, 2023

Key Market Insights:

- Stocks declined on Tuesday as global equities lost momentum, raising concerns about China's post-pandemic recovery.

- Asian markets, including Hong Kong, Shanghai, Tokyo, and Seoul, experienced falls, while Australian equities saw a small gain.

- The Australian dollar dropped 0.7% after minutes from the latest central bank decision

- Other currency movements showed fluctuations, with the yen weakening against the dollar and the yuan experiencing slight declines.

- Japan's Finance Minister stated that the removal of Japan from the US monitoring list wouldn't immediately impact the country's currency policy.

- Gold was little changed after sliding 0.4% on Monday, while oil fell as China’s plans to support its economy were seen as insufficient to reignite demand.

• Key upcoming events include US housing starts, speeches by Fed officials James Bullard and John Williams who report to Congress.

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Dollar Index (DXY) Intraday:

Pivot Level: 102.44

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Gold Intraday:

Pivot Level: 1952.60

USD/JPY Intraday:

Pivot: 141.83

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AUD/USD Intraday

Pivot: 0.6858

Crude Oil (WTI)‎ Intraday

Pivot: 71.33

USD/CAD Intraday:

Pivot: 1.3208

EUR/USD Intraday:

Pivot: 1.093

GBP/USD Intraday:

Pivot: 1.280

EUR/GBP Intraday:

Pivot: 0.8535

Nasdaq 100 Intraday:

Pivot:

15,147.00

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