The forex news is in and the US market is anticipated to churn out a cluster of data. Will the plethora of US data determine the market movements today?
Well, let’s check it out!!
Dollar index
Sell Around 103.30
Downside Targets Looks 103.25 – 103.20
Stop loss below 103.40
XAUUSD
( On Friday We Recommended to Buy!! Above $2037)
(Made a High $2039.44) Target $2041
Buy Above $2041
Upside Targets Looks $2046 – $2055.
Stop-loss $2028.
XAGUSD
Buy Above $22.70
Upside Targets Looks $23–$23.20.
Stop-loss $22.55.
COPPER
Sell Below $3.81
Downside Targets Look $3.78– $3.76.
Stop Loss $3.84.
CRUDE OIL (WTI)
Crude Oil is Trading Around $77.30
Below $77.12… Sell it!!
Downside Target $76.60 -$75.90.
Stop Loss $78.
NASDAQ
Sell Below 17945 Levels Only…!!
Downside Target Looks 17900–17850.
Stop-loss 18030.
S&P 500 E-Mini
S&P 500 Resistance and stoploss 5100
Sell below 5070
Downside Target Looks 5040-5020.
TOP PICK– EURNZD
( Yesterday We Recommended to Buy EURAUD!! Above 1.65758)
(Target Hit 1.66098)
Buy Above 1.7650 Stop-loss 1.7570 Target 1.7703.
Forex News Letter – Is Gold Going to be a definitive factor?
The gold prices have gained ahead of US Durable Goods order data and are awaiting the US Core PCE price index data.
The future is clinging to the small gains as the focus is shifting to the US data. The US Stock index futures have traded marginally higher following Monday’s action. The market is reacting to the US PCE inflation figures later in the week.
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Middle East Tension: Amidst Turmoil, Is Crude Oil Gearing Up for Positivity? , US Consumer Confidence to Set the Market Tone?
Recommended Read: Forex News letter : Is the Market Fixated on the US PCE Data?
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