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Technical Analysis:Your Daily Dose of Market Insights, May 25, 2023

Market Turbulence in Asia: US Debt Default Risk, Federal Reserve Rate Hike, Central Bank Meetings, and Chinese Economic Softness Impact Trading Sentiment.

  • Dollar ascendant amid resilient US economy, haven demand read more

  • Nvidia boosts chipmaking shares read on

  • Oil Holds Gains as US Stockpile Draw Counters Debt-Deal Tensions read on

  • Gold listless as debt ceiling talks show no progress read on

  • Are investors finally nervous about the US debt ceiling? read more

  • Fitch puts US rating on negative watch as debt deadline looms read more

Key events today

  • US initial jobless claims, GDP

  • Interest rate decisions in Turkey, South Africa, Indonesia, South Korea

 

Dollar Index (ICE)‎ intraday:

Pivot: 103.72


Dollar index, DXY,  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

Gold Intraday:


Pivot: 1966.38


XAU/USD   "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

USD/JPY Intraday:

Pivot: 139.07


USD/JPY  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

AUD/USD Intraday:

Pivot: 0.6563


AUD/USD  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

Crude Oil (WTI)‎ West Texas Intermediate: :


Pivot: 74.07


WTI crude oil  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

USD/CAD Intraday:

Pivot: 1.3565


USD/CAD  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

EUR/USD Intraday:

Pivot: 1.077

EUR/USD  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

GBP/USD Intraday:

Pivot: 1.241


GBP/USD  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

EUR/GBP Intraday:

Pivot: 0.8685

EUR/GBP  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (RSI)."

Nasdaq 100 Intraday:


Pivot:

13,593


Nasdaq 100 stock price  "A bar chart displaying forex currency and commodities prices with green and red candles representing trading trends over a daily time frame. The chart includes indicators such as moving average and Bollinger bands, along with the Relative Strength Indicator (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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