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NEWS & ANALYSIS POSTS

Technical Analysis:Your Daily Dose of Market Insights, May 2, 2023

Australia’s dollar jumped after the central bank unexpectedly raised interest rates. Asian stocks fluctuated as traders assessed China data and weighed risk before a Federal Reserve meeting this week. Markets back in full swing with a bang, earnings and economic data coming thick and fast.

  1. Stocks on edge as traders wait on central bankers read on

  2. Gold prices flat on caution ahead of Fed meeting read on

  3. Alibaba’s Faded Rally Signals Grim Outlook Ahead read on

  4. Oil drops 1% as economic growth concerns offset OPEC+ cuts read more

  5. RBA surprises markets with rate hike to 3.85% in May, AUD/USD rallies read more

  6. Silicon Valley Bank: HSBC says UK buyout boosted profit by $1.5bn read more

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

 

Dollar Index (ICE)‎ intraday:


Pivot: 101.99

DXY Dollar 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.


Gold Intraday:


Pivot: 1988.48


XAU/USD Gold 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: 137.05

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: 0.6635


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: 75.42


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: 1.3577

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: 1.102


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: 1.252

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:

13235.11

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.

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.

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