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Technical Analysis: Your Daily Dose of Market Insights, June 22, 2023

Headlines.

- Federal Reserve Chair Jerome Powell maintains a hawkish tone, prompting investors to assess future rate policy from the Fed.

- Australia's S&P/ASX 200 index loses 1.17%, while Japan's Nikkei eases 0.25%; Chinese and Hong Kong stock markets are closed for a holiday.

- Attention shifts to the Bank of England (BoE) as a rate hike is widely expected, with economists divided on the magnitude of the raise after unexpected inflation data.

- Crude oil prices dip slightly but remain above $72 per barrel.

- Bitcoin maintains gains after surpassing $30,000 for the first time since April, driven by speculation surrounding BlackRock Inc.'s filing for a US spot Bitcoin exchange-traded fund.



Key events this today:

  • Eurozone consumer confidence

  • Rate decisions in UK, Switzerland, Indonesia, Norway, Mexico, Philippines, Turkey,

  • US Conference Board leading index, initial jobless claims, current account, existing home sales

  • Fed’s Powell delivers testimony before the Senate Banking Committee

  • Cleveland Fed’s Loretta Mester speaks

 

Dollar Index (DXY) Intraday:


Pivot Level: 102.26


Dollar Index  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: 1931.15


Gold XAU/USD 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: 141.86

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: 0.6781


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: 72.11

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: 1.3190


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: 1.096


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: 1.275


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: 0.8582


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:

14,910.00


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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