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

Brief Highlights:

- S&P 500 advances 20%, signalling new bull market potential

- Asian equities follow S&P 500's lead, boosted by Chinese stimulus hopes

- Increase in US jobless claims cools labour market, benefits tech sector

- Yen weakens, Turkish lira weakens after new central bank governor appointment

- Oil prices fall on demand concerns, US-Iran nuclear deal scepticism

- Market uncertain about US-Iran deal, impacting oil price expectations

- Key event: China's PPI, CPI on Friday.

 

Dollar Index (DXY) Intraday:


Pivot Level: 103.57


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:


Pivot Level: 1958.55


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: 139.32


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: 0.6695


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: 71.11


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: 1.3361


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: 1.076


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: 1.252


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: 0.8595


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:

14434.00


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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