Technical Analysis:Your Daily Dose of Market Insights, June 5, 2023

Morning Headline: Asian shares rose, extending the global equities rally for a third day. Strong economic data fueled optimism that central banks would prevent a recession while managing inflation. The gains in the US on Friday were driven by big tech, options positioning, and expectations of unchanged rates this month, with a likely increase in July.

• 🌞 Chump Profit Forex Morning Brief - Monday Edition 🌞 read more

• Oil jumps 2% on Saudi plan to deepen output cuts from July read more

• Dollar edges up as US rates seen higher for longer read on

• Monetary Policies of Australian and Canadian Central Banks, week ahead read on

Key events today

• Eurozone S&P Global Eurozone Services PMI, PPI

• US factory orders, ISM services

• ECB President Christine Lagarde appears in European Parliament

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Dollar Index (DXY) Intraday:

Pivot Level: 103.83

Gold Intraday

Pivot Level: 1959.85

USD/JPY Intraday:

Pivot: 139.55

AUD/USD Intraday

Pivot: 0.6601

Crude Oil (WTI)‎ Intraday

Pivot: 71.30

USD/CAD Intraday

Pivot: 1.3432

EUR/USD Intraday

Pivot: 1.073

GBP/USD Intraday

Pivot: 1.248

EUR/GBP Intraday

Pivot: 0.8595

Nasdaq 100 Intraday

Pivot:

14528.00

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