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Morning Briefing 31 May 2023: Gold Rises on Debt Ceiling Vote

DCFX | 2023-05-31 15:46

Abstract:US Consumer Confidence fell to 102.3 from an upwardly revised 103.7 in April 2023.

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US Consumer Confidence fell to 102.3 from an upwardly revised 103.7 in April 2023.

Sentiment data failed to fuel volatility as the market remained focused on the US debt ceiling.

President Biden and House Speaker McCarthy reached an agreement to suspend the debt limit for several years and await today's critical vote in Congress.

Investors are also focusing on JOLTS OPENING data tonight.

Calendar:

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EURUSD

Euro strengthened against the US dollar The key was the US debt ceiling decision at the US congress today.

Support : 1.0689

Resistance : 1.0734

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BUY : 1.07180

T/P : 1.07631

S/L : 1.06991

GBPUSD

Sterling strengthened against the US dollar

Support 1.2344

Resistance 1.2463

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BUY: 1.23948

T/P: 1.24631

S/L: 1.23641

AUDUSD

Aussie dollar weakened against the US dollar amid uncertainty and the US debt ceiling and weakness in China's economic data.

Support : 0.6438

Resistance : 0.6550

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BUY: 0.678.6

T/P: 0.65828

S/L: 0.64792

USDJPY

Yen strengthened against the US dollar.

Support 139.251

Resistance 140.229

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SELL: 140.091

T/P: 139.457

S/L: 140.414

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XAUUSD

Gold rose, due to uncertainty over the voting results in congress regarding the US Debt Ceiling.

Support : 1941.00

Resistance : 1971.00

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BUY: 1951.50

T/P: 1983.53

S/L: 1940.00

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Crude Oil (WTI)

Oil prices fell after Russian Deputy PM Alexander Novak played down the prospect of further OPEC+ production cuts at a meeting next week.

Support 67.98

Resistance 72.24

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SELL: 70.060

T/P: 67.891

S/L: 72.224

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Is NEWTON GLOBAL Safe or a Scam? A Deep Look at User Reviews & NEWTON GLOBAL Complaints

When you look up information about a financial broker, you have one main worry: Is my capital safe? For NEWTON GLOBAL, the facts point to a clear answer. After looking at its regulatory status, user feedback and how transparent it is, NEWTON GLOBAL presents a very high risk to all traders. This conclusion isn't based on opinion, but on real data collected by platforms designed to protect investors. The main problems—no valid regulation and a pattern of serious user complaints—show major warning signs that can't be ignored. A broker's reputation depends on two things: regulatory oversight and positive user experiences. As we will show, NEWTON GLOBAL fails badly on both. We encourage traders to always check information on independent platforms. You can see the full data we are analyzing on the official WikiFX page for NEWTON GLOBAL. This article will break down its regulatory standing, look at real user complaints, and give you a clear verdict to help you make an informed decision.

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Fidelity Exposure: Examining the Latest User Reviews on Withdrawal Denials & Trade Manipulation

Fidelity Investments has been grabbing attention of late for negative reasons. These include complaints concerning withdrawals, account closure without notice, technical glitches in trade order processing, and inept customer support service. As the complaints continue to grow, we prepared a Fidelity review article showcasing some of them. Read on as we share details.

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ICE FX Review: Are Traders Raising Red Flags Over Withdrawal Fees & Regulation Status?

Does ICE FX ask you to pay taxes for fund withdrawal access? Were you made to pay a hefty fee on a verification failure? Does the broker deliberately cancel your profitable trades? Have you failed to receive assistance from the ICE FX customer support team on your fund deposit and withdrawal queries? These issues have become common for its traders. Many of them have highlighted these issues online. In this ICE FX review article, we have investigated some of their complaints. Read on as we dive deep.

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NEWTON GLOBAL Regulatory Status: A Complete Guide to Its Licenses and Company Registration

When choosing a financial services company, the most important question is about its regulatory status. For traders looking at NEWTON GLOBAL, this question is extremely important. A basic investigation using third-party verification platforms shows a worrying picture: The broker is marked for having no valid regulation. This article provides a detailed, fact-based analysis of NEWTON GLOBAL's regulatory claims, company registration, and the major risks with how it operates. We will examine the data provided by global broker inquiry apps and public records to present a clear and objective report. For any trader, an important first step before investing in any broker is to do a basic check on such a platform. This simple action can be the most important part of your research process.

Original 2026-02-19 17:07

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