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NEWS & ANALYSIS POSTS

Technical Analysis:Your Daily Dose of Market Insights, May 30, 2023

Global markets are set for a relief rally after US negotiators reached a tentative deal over the weekend to resolve the debt crisis. The extended weekend has come to an end, and investors are now eager to observe the impact of the agreement on various asset classes and economic indicators as markets swing back into action.

  • Early Brief: Risk Appetite Soars as US Debt Ceiling Deal Boosts Markets read more

  • Oil rises on U.S. debt deal, but rate hikes, OPEC+ talks curb enthusiasm read on

  • Asian stocks dip, Chinese shares hit 5-mth low as U.S. ties worsen read on

  • US debt ceiling deal ready for Congress vote, Joe Biden says read on

  • Gold at over 2-mth low amid debt deal cheer, hawkish Fed outlook read on

Key events today

  • Eurozone economic confidence, consumer confidence

  • US consumer confidence

  • Richmond Fed President Thomas Barkin interviewed by NABE as part of monetary policy webinar series

 

Dollar Index (DXY)‎ intraday:

Pivot: 104.19


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: 1944.28

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: 140.50


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: 0.6537


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)‎ West Texas Intermediate: :


Pivot: 72.66


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: 1.3599


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: 1.072


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: 1.235


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: 0.8677


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: 14,203

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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