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

Equities in Japan and Australia rose in thin trading with most Asian markets closed while US stock futures were flat as investors awaited news of a bid for First Republic Bank. Thin trading today as many economies closed for May Day holiday.

  1. Gold slips on firmer dollar, spotlight on Fed meeting read on

  2. Sony shares tumble on weaker-than-expected annual outlook read on

  3. Oil prices dip on U.S. rate hike expectations, weak China PMI read on

  4. Bitcoin could hit $100,000 if history is a guide following winning streak read more

  5. The Week Ahead - Fed and ECB rate decisions, NFP plus earnings read on

 

Dollar Index (ICE)‎ intraday:

Pivot: 101.75

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: 1986.97


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: 135.49


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: 0.6611


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: 75.88


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: 1.3584

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: 1.253

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:

13225.00

Nasdaq 100 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.

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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