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Crude oilBuy crude oil 5755 to 5750 tgt 5850 sl 5710 Crude Oil Technical Report, 30/06/2023 : Enrich financial 30 Jun 10:12 Enrich Financial Technical Outlook Crude oil traded with bullish sentiments, as it ended with a 0.21% gain, where the upward movement has come post strong US economic data, and the recovery for the commodity looks underway, where we can expect a range of 5900-5693 in the upcoming sessions if 5939 levels are retested we may see recovery and as per the 1D chart, it is technically broken a "Descending Broadening Wedge", and indicated a sideways movement, and resistance is placed at 5854 and support at 5602, indicating that if support is broken, we can see further downside, up to the range of 5500 levels. Research Report target If able to sustain above 5780 buy for targets 5814-5851 while keeping an SL of 5721, sell if breaks below 5703 sell for targets 5635-5600, keeping an SL of 5739. Crude oil Technical chart As Reported By Enrich Financial Provided by Market Pulse Technologies Pvt. Ltd. Disclaimer: The views expressed by the analyst in this document are of their own, and not that of Market Pulse Technologies Pvt. Ltd. (MPTPL) or any of it associates or subsidiaries. The information contained herein is from publicly available data and sources believed to be reliable. This document is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Nothing in this document should be construed as investment or financial advice, or to be construed as a solicitation or recommendation to buy or sell the securities/ commodities referred to in this document. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities/commodities referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. MPTPL, its associate or subsidiaries and employees shall not be liable in any manner for the loss/damage that may arise to any person from any inadvertent error in the information contained in this report. MPTPL makes no representation or warranties, express or implied as to the accuracy or completeness of the information, provides no guarantees whatsoever and shall have no liability towards any person for losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
MCX:CRUDEOIL1!Long
by Shubh181995
Market Reactions to Fed’s “Hawkish Pause” Market Reactions to Fed’s “Hawkish Pause” Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely expected, the fact that policy makers see rates at 5.6% at year-end was what caught the market off-guard. The combination of the pause with the suggestion of two more 25 basis points hikes has been dubbed the “hawkish pause”. Following the decision, stock market closing results were mixed. The Dow Jones closed more than 230 points lower, while the S&P 500 and the Nasdaq experienced gains of 0.1% and 0.4% respectively. The Nasdaq Composite was primarily bolstered by the gains made in AI-adjacent stocks of Nvidia and AMD. The day began with Bitcoin surpassing $26,000. However, it has since retraced to a 24-hour low of $25,791. Some analysts are predicting an inevitable drop to $25,000 based on recent cryptocurrency news that is dominated by discussions on regulation. Meanwhile, gold prices initially rose to touch $1959 per ounce in the session but later trimmed gains, trading around $1945. The dollar has weakened across the board, with the DXY down 0.32%. The NZD is the biggest mover, rising by more than one percent to a 3-week high of $0.6211. Gains in EUR and GBP were more modest, at +0.39% each.
BLACKBULL:XAUUSD
by BlackBull_Markets
5 Key Factors Shaping US Dollar Trading This Week5 Key Factors Shaping US Dollar Trading This Week The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: - US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default. He has now called on Congress to pass the deal asap. Fitch ratings will remove the “negative watch” rating on the United States when the deal passes or looks likely to pass congress. - The debt ceiling agreement has potentially weakened the safe-haven appeal of the US dollar, leading to an increase in risk appetite in global markets. - The Personal Consumption Expenditures price index, the Federal Reserve's favored inflation measure, rose by 4.4% in April compared to the previous year, up from the 4.2% increase observed in March. This development has raised the probability of a 25-basis-point interest rate hike by the Federal Reserve in June. - Due to the Memorial Day weekend in the US, as well as bank holidays in Europe and the UK, Monday will experience reduced market liquidity. Additionally, institutions are preparing for month-end trading on Wednesday, which could introduce more volatility. - The US payrolls report for May will be released on June 2nd. Recent months have consistently shown better-than-expected job figures. It is anticipated that this week's job numbers will indicate an addition of 180,000 jobs, with a slight increase in the unemployment rate to 3.5%. A tighter job market will reinforce the Federal Reserve's hawkish stance, with strong wage data also providing support if the actual figures surpass estimates.
TVC:DXY
by BlackBull_Markets
EUR/GBP Short analysismarket is currently downtrend in higher timeframe. here market has broken the LL and form an new LL which indicates that market will further continue downtrend. so the idea for this trade is also to sell the market from a high interest area, from the picture you can see that after market formed new LL it shoot up to fill the imbalance price left open and broken several structures but never retested so, i am keeping those imbalance price as target if market played out with my analysis. the trade idea originated when market after filled the extreme supply selloff heavily broken significant structures showing selling pressure so, i decided to look for short opportunity from there market after forming CHofCH left open an imbalance price where i am expecting market to retest and selloff heavily there was also a supply at the top of the move but i don't thing market will all the way up there to retest so, currently i am waiting for the market to retest my 30m supply then i will look for lower timeframe confirmation to enter in this trade. i hope you like the analysis do follow me for more such analysis
Short
by Rohit_Fx