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May 24, 20231 min read

Technical Analysis:Your Daily Dose of Market Insights, May 24, 2023

Stocks experienced a second consecutive day of retreat due to the ongoing impasse in negotiations concerning the US debt ceiling. This uncertainty negatively impacted risk sentiment among investors. These developments highlight the interconnected nature of global markets and the influence of geopolitical factors on currency and stock movements. 10 top intraday trading signals today.

  • Asian stocks slip amid debt ceiling uncertainty, U.S.-China jitters read on

  • UK awaits CPI; US debt standoff casts long shadow read on

  • Oil prices rise $1 on concerns over tightening supply read on

  • NZ dollar stumbles as RBNZ signals hikes over read more

  • Pound Jumps as Inflation Surprise Amps Up Rate-Hike Pressure

Key events today

  • Fed issues minutes of May 2-3 policy meeting

  • Bank of England Governor Andrew Bailey speaks

 

Dollar Index (ICE)‎ intraday:

Pivot: 103.43


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: 1968.93


Gold 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: 138.58


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: 0.6626


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: 73.11


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: 1.3513


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: 1.078


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


EUR/GBP Intraday:

Pivot: 0.8689


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:

13,845


Nasdaq 100 stock index "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)."

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