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

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Dollar Index (ICE)‎ intraday:

Pivot: 103.72

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Gold Intraday:

Pivot: 1966.38

USD/JPY Intraday:

Pivot: 139.07

AUD/USD Intraday:

Pivot: 0.6563

Crude Oil (WTI)‎ West Texas Intermediate: :

Pivot: 74.07

USD/CAD Intraday:

Pivot: 1.3565

EUR/USD Intraday:

Pivot: 1.077

Extra Signals

GBP/USD Intraday:

Pivot: 1.241

EUR/GBP Intraday:

Pivot: 0.8685

Nasdaq 100 Intraday:

Pivot:

13,593

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