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Technical Analysis:Your Daily Dose of Market Insights, May 5, 2023

Asia Stocks, US Futures Climb as Dollar Weakens. Rise in S&P 500 contracts reverses Thursday drop. Dollar index faces worst week in more than a month. Gold held gains of around 3% this week. Traders are also gearing up for Friday’s key jobs report NFP.

  • Asian stocks drift higher, China sinks on disappointing data read on

  • US crude briefly sinks more than 7% in first minutes of trade read on

  • Gold flirts with all-time highs as banking concerns deepen read on

  • Trading Ideas for the NFP read on

  • Short selling comes under fire as regional banks sell off read on

Key events today. 1:30pm GMT


“Intraday forex trading signals". Our top forex trades for today, we look at the technicals and fundamentals to generate profits daily on the most traded correlated assets in the world.

 

Dollar Index (ICE)‎ intraday:

Pivot: 101.36

Dollar Index forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

Gold Intraday:


Pivot: 2052.93

Gold XAU/USD forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

USD/JPY Intraday:

Pivot: 134.22


USD/JPY forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

AUD/USD Intraday:

Pivot: 0.6680


AUD/USD forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

Crude Oil (WTI)‎ West Texas Intermediate: :


Pivot: 68.63


WTI crude oil  forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

USD/CAD Intraday:


Pivot: 1.3564


USD/CAD  forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

EUR/USD Intraday:

Pivot: 1.103

EUR/USD  forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

GBP/USD Intraday:

Pivot: 1.257


GBP/USD  forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

Nasdaq 100 Intraday:


Pivot:

12,994.98

Nasdaq stock index  forex currency and commodities price bar chart with green & red candles showing a trading trend over a 4 hour time frame; indicators include moving average and Bollinger bands plus Relative strength indicator.

Key events that will impact.

  • Apple Inc. headlines another busy week of earnings that includes Advanced Micro Devices Inc. and Ford Motor Co. In Asia, banks including HSBC Holdings Plc and Macquarie Group Ltd. will deliver their profit reports. In Europe, Volkswagen AG and energy giants BP Plc and Shell Plc are on the docket.

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