FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 
FxWirePro- Major Crypto levels and bias summary 
USD/CHF Smashes Higher to 0.7899 on Dollar Dominance—Bulls Bet on 0.7865 Dips for 0.8000 Breakout 
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level 
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
FxWirePro: USD/CNY bears maintain upper hand 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro: GBP/NZD extends decline , vulnerable to more downside 
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $1958.08
Kijun-Sen- $1938.20
Gold prices hold above the $1960 level despite weak US PPI. The Producer prices for the month dropped to 0.10% YoY, compared to a forecast of 0.40%. Core PPI m/m declined to 0.10% vs the forecast of 0.20%. It hits a high of $1963.42 and currently trading around $1960.69.
Major economic data for the day
Jul 14th, 2023, Prelim UoM consumer sentiment (12:30 pm GMT)
US dollar index- weak. Minor support around 99.50/98. The near-term resistance is 101/102.
According to the CME Fed watch tool, the probability of a 25 bpbs rate hike in July increased to 92.4% from 91.80% a week ago.
The US 10-year yield continues to trade weak after US inflation data. The US 10 and 2-year spread narrowed to -87% from -110%.
Factors to watch for gold price action-
Global stock market- bullish (negative for gold)
US dollar index - Bearish (Positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $1953, a break below targets of $1945/1930. The yellow metal faces minor resistance around $1970, and a breach above will take it to the next level of $1980/$2000.
It is good to buy on dips around $1955 with SL around $1945 for TP of $1990/$2000.
