Abstract：Powered by WikiFX: (GOLD, EUR/USD, GBP/USD, USD/JPY, ) Technical Analysis June 08 , 2023
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
USD/JPY Continues to Reach 10-Month Highs.
Last Thursday, the GBP/USD initiated a downward course, seemingly heading back toward the 200-day Simple Moving Average (SMA) at 1.2420. This movement is attributed to the unyielding strength of the USD and falling British yields.
The Australian Securities and Investments Commission (ASIC) has determined that Interactive Brokers displayed negligence in identifying and preventing suspicious trading by one of its clients, raising concerns about the discount brokerage's compliance with financial regulations.
In an unstable market environment, the Nasdaq index experienced a severe devaluation, highlighting the correlation between the Federal Reserve's interest rate policies and escalating oil prices.