Home -

Brokers -

Main body -

WikiFX Express

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.

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:

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

BUY : 1.07180

T/P : 1.07631

S/L : 1.06991

GBPUSD

Sterling strengthened against the US dollar

Support 1.2344

Resistance 1.2463

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

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

SELL: 140.091

T/P: 139.457

S/L: 140.414

XAUUSD

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

Support : 1941.00

Resistance : 1971.00

BUY: 1951.50

T/P: 1983.53

S/L: 1940.00

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

SELL: 70.060

T/P: 67.891

S/L: 72.224

Forex trading Forex Analysis

Related broker

Website：https://www.dcfx.com/

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.48

Effective Stop Loss Trading Strategies

In a forex market where fundamental and technical factors impact the currency pair prices, volatility is expected. If the price volatility acts against the speculation made by traders, it can result in significant losses for them. This is where a stop-loss order comes to their rescue. It is one of the vital investment risk management tools that traders can use to limit potential downside as markets get volatile. Read on as we share its definition and several strategies you should consider to remain calm even as markets go crazy.

Original 2026-02-20 21:05

1Prime options Review: Examining Fund Scam & Trade Manipulation Allegations

Did you find trading with 1Prime options fraudulent? Were your funds scammed while trading on the broker’s platform? Did you witness unfair spreads and non-transparent fees on the platform? Was your forex trading account blocked by the broker despite successful verification? These are some issues that make the traders’ experience not-so memorable. In this 1Prime options review article, we have investigated the broker in light of several complaints. Keep reading!

Original 2026-02-20 20:02

EXTREDE Review (2026): A Complete Look at the Serious Warning Signs

This EXTREDE Review serves an important purpose: to examine the big differences between what the broker advertises and what we can actually prove. For any trader thinking about using this platform, the main question is about safety and whether it's legitimate. We will give you a clear answer right away. Our independent research, backed up by third-party information, shows that EXTREDE operates without proper regulation, creating a high-risk situation for all investors. The main focus of this investigation is the absolutely important need to check a broker's claims before investing. A broker's website is a marketing tool; it cannot replace doing your own research. The information that EXTREDE presents contains contradictions that every potential user must know about. A quick way to see these warnings gathered together is by checking the broker's live profile on verification platforms. For example, the EXTREDE page on WikiFX brings together regulatory status, user feedback and expert ri

Original 2026-02-20 18:22

NEWTON GLOBAL Deposit and Withdrawal Methods: A Complete 2026 Review

When traders look at a broker, they care most about how well its payment system works and what options it offers. You are probably looking for information about NEWTON GLOBAL deposit and withdrawal methods to see if they work for you. The broker says it has many modern payment options and promises fast processing times. However, a good review needs to look at more than just what it advertises. We need to check how safe your capital really is with this broker. One important factor that affects the safety of every transaction is whether the broker is properly regulated. Our research shows that NEWTON GLOBAL does not have any valid financial regulation from a trusted authority. This fact, along with a very low trust score, completely changes the situation. The question changes from "How can I withdraw?" to "Is it safe to invest here?" This background information is essential for protecting your capital.

Original 2026-02-20 17:30