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XAUUSD: The Risk of Pullbacks Remains, with a Greater of Short Chasing

Risk factors are not eliminated, oversold are buying opportunities.

King Ten

WTI: Fundamentals Are Satisfying Despite Significant Retracement on Oil

Oil prices could see a new round of gains in early June.

King Ten

Buy USDCAD

USDCAD: Bulls Expected to Retest the March Supply Zone of 1.3743

USDCAD accelerated higher after breaking above its major bearish trend line near 1.3505. Earlier on Thursday, bulls continued to move higher amid widespread USD strength, hitting the 1.3600 handle at the highest level in three weeks. We believe that the USD will not stop rising because the market's current negotiations around the U.S. debt ceiling will continue to push up risk aversion.

Eva Chen

PROFIT +317 Points

XAUUSD: Gold Prices Will Not Fall Before Month-End, Focus on Buying Low and Selling High

The minutes of the Federal Open Market Committee (FOMC) meeting held from May 2nd to 3rd, released yesterday, reiterated that containing inflation remains the Fed's primary objective. Gold prices are gaining support from mixed signals around the U.S. debt ceiling extension negotiations, but further upside remains limited.

Eva Chen

XAUUSD: Be Prepared in Case of 'Surprises'

Keep close attention to the debt ceiling negotiation and maintain a neutral strategy.

King Ten

Buy EURJPY

EUR/JPY Market Analysis: Bullish Momentum Indicates Potential Test of Weekly High

EUR/JPY has shown promising signs of upward momentum, positioning itself to potentially challenge the weekly high at 150.06.

Warren Takunda

Buy USDCAD

USDCAD: Bullish "Double Bottom Pattern" Lays the Foundation for Further Rise

The USDCAD is consolidating in the middle of the long-term symmetrical triangle pattern around 1.3500 and is about to break upward. Traders bet that the Bank of Canada will have to raise interest rates to end its "conditional suspension" after the strong CPI report was released earlier this week.

Eva Chen

Sell AUDUSD

AUDUSD: Follow the Trend in Trading with Range Breaks

Since late February, the AUD has been quite directionless and seems to be waiting for the catalyst to break through its range and further rise or fall. This week's data failed to provide this, but last week's weak Australian employment data may continue to drag down the AUD, which offers great trading opportunities for investors.

Eva Chen

WTI: Saudi Arabia Shouted Bears, Crude Oil Rose Sharply

After the macro sentiment, perhaps oil prices will gradually tilt toward the bulls.

King Ten

XAUUSD: The Minutes Are Approaching, and Gold Prices Have Regained Support

The minutes of the Fed meeting will be released today, which should be focused on.

King Ten

Sell NZDUSD

Kiwi Dollar Plunges After RBNZ Flags Hikes Over New Zealand Currency

In a surprising turn of events, the New Zealand dollar experienced a significant drop of over 1% on Wednesday, reaching its lowest level in more than three weeks at $0.6187.

Warren Takunda

Sell GBPJPY

Is It the Downtrend Start For GBPJPY?

United Kingdom CPI Inflation Rate Leads the market .

Saif

Buy USDJPY

USDJPY: Buy the Dips as the Conditions for Further Rally Are Not Available

USDJPY climbed to 138.91 before the New York session on Tuesday, the highest level since May 28. Subsequently, the Markit U.S. service industry and manufacturing PMI in May, which recorded mixed results, put the USDJPY on the defensive against bulls. We have always believed that prices should return to the average before they are pushed up further.

Eva Chen

Sell DJIA

PROFIT +29084 Points

DJIA: Wall Street Seems to Be Preparing Contingency Plans in Response to Debt Default

After closing slightly lower last Friday, U.S. stocks performed relatively poorly on Monday. Major stock indexes rebounded back and forth at the opening level of the day. Wall Street seems to be already preparing contingency plans to deal with the debt default.

Eva Chen

WTI: Supply and Demand Will Return Eventually After the Macro Disturbance

Prices will be dominated by volatility until the US debt ceiling results guide the price.

King Ten

PROFIT +628 Points

XAUUSD: Initial Support Broken, Gold Keep Weak

After breaking significant support, gold faces further descending risk but mildly.

King Ten

Buy CHFJPY

CHF-JPY Uptrend Continues as Key Resistance Turns Support

The CHF-JPY currency pair has been making headlines as it maintains a strong uptrend. Recently, the pair broke through a significant resistance level of 153.395, which has now become a key support level.

Warren Takunda

Buy USDX

PROFIT +300 Points

US Dollar Index Poised for Bullish Momentum, Eyeing 103.610 Mark

Based on the current analysis, the US Dollar Index is expected to continue trading in a bullish zone, with traders eyeing the 103.610 mark as a key resistance level. The index's ability to stay above the pivotal level of 103.025 has fueled optimism among investors, suggesting further upward momentum. However, caution should be exercised, as a breach below 103.025 could signal a potential shift towards bearish sentiment.

Warren Takunda