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Technical Analysis:Your Daily Dose of Market Insights, May 9, 2023

Safe havens finding support due to continued debt-ceiling uncertainty in the US. Investors will be watching President Joe Biden and congressional leaders as they are set to discuss the issue. Traders are looking at consumer-inflation data Wednesday to provide further clues on the Fed’s path and set the tone for stocks.

  • Oil edges lower; U.S. inflation, Chinese trade data in focus read on

  • Gold holds ground as investors brace for US inflation data read on

  • Dollar edges up, sterling hovers near one-year high read on

  • S&P 500 ends Monday little changed as investors look to key inflation reports read on

  • Disney, Airbnb and PayPal reports read more

  • BOE rate decision plus US CPI, trading week ahead read more

Key events today.

  • US President Joe Biden scheduled to meet with congressional leaders on debt limit

  • New York Fed President John Williams speaks to Economic Club of New York

“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: 101.28


Dollar Index DXY 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: 2021.63


Gold XAU/USD 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: 134.60


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: 0.6733


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: 73.15


WTI crude oil 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: 1.3389


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: 1.101


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: 1.263


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:

13,262.38


Nasdaq 100 stock index  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.

 

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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