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Technical Analysis:Your Daily Dose of Market Insights, June 1, 2023

Headline: In a mixed trading session, stocks cautiously edged higher as the debt ceiling bill made progress, while investors closely monitored the House's deal to prevent a US default and deliberated on the potential pause in rate hikes from the Federal Reserve, influenced by officials expressing support for keeping rates unchanged at the upcoming meeting.

  • Chump Profit Morning Brief - Thursday Edition read more

  • Asia stocks gain as Fed hike bets recede, debt vote eases nerves read more

  • Debt ceiling deal: US House overwhelmingly passes bill read on

  • Oil moves higher on debt ceiling progress, positive Chinese data read on

Key events today

  • Eurozone HCOB Eurozone Manufacturing PMI, CPI, unemployment

  • US construction spending, initial jobless claims, ISM Manufacturing

  • ECB President Christine Lagarde speaks at conference

  • Fed’s Patrick Harker speaks at webinar

 

Dollar Index (DXY)


Pivot Level: 104.35


DXY 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

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: 139.65

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: 0.6498


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: 68.20


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: 1.3601


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: 1.069


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: 1.241


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: 0.8610


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: 14,281


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


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