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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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Forex tradingForex Analysis

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DCFX
Company name:DCFX
Score
1.48
Website:https://www.dcfx.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.48

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VOLNEX Exposure: Withdrawal Denials, Fund Loss & Platform Glitches

Did you witness wrong price movements on the VOLNEX terminal, which led to your forex trading account being blown away? Did you face massive capital losses on the platform? Does the broker constantly deny your fund withdrawal applications? Do you feel like taking legal assistance to recover your funds? You may just have to go legal in light of these trading complaints that are on review platforms. We have shared some of these complaints while drafting this VOLNEX review guide. Read on as we share them out.

Original 2026-02-26 22:46

Modmount Review: Examining Allegations of Fund Withdrawals & Capital Scams

Did you find the Modmount withdrawal support team incompetent to handle your requests? Did your constant follow-ups with it only result in generic responses? Did the lack of a stop-loss arrangement make you lose all your capital? Have you witnessed the liquidation of forex positions due to the broker’s negligence? Many traders have reported these on broker review platforms such as WikiFX. This Modmount review article highlights some of the complaints against the broker. Keep reading!

Original 2026-02-26 21:35

UPFOREX Regulatory Status: A 2026 Deep Dive into Its Licenses and Risks

Before trusting any forex broker, checking if it's legitimate isn't just a good idea – it's the most important step to protect yourself. The excitement of financial markets can make people forget about safety, but a broker's regulatory status is the foundation that keeps traders safe. This article gives you a thorough, fact-based investigation into the UPFOREX Regulation status for 2026. Our research uses publicly available information, mainly from WikiFX (a global broker checking platform), to give you an objective and honest view.

Original 2026-02-26 19:21

Is UPFOREX a Real Company? Checking If This Trading Platform Can be Trusted

The question "Is UPFOREX legit?" isn't just something people ask casually - it's about finding safety and security. For anyone who trades online, the biggest fear is exposing capital to a fake company. You've probably heard about UPFOREX, looked at what it offers, and felt unsure about it. This feeling makes sense and shows you're smart. In this detailed investigation, we'll look past fancy marketing and personal opinions. We'll do a careful, fact-based study using public information about regulations to give you a clear answer. Our goal is to give you the facts you need to make a safe choice. To save your time and answer your main question right away, our conclusion is clear from the start: Our research shows that UPFOREX works without any proper financial rules for forex trading and shows many warning signs that are typical of risky, untrustworthy brokers. The evidence shows an unacceptably high level of risk for any trader thinking about using this platform.

Original 2026-02-26 18:39

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