The forex news for the day is in and this day promises to be ‘volatility’ filled.
With unemployment claims, Fed Chair speech and so much more incoming, the market is set for a whirlwind session.
So let’s dive into the forex analysis.
( Yesterday We Recommended to Sell!! Below 103.322)
(Both Target Hit 103.170-103.130)
Dollar index
Sell Below 102.670
Downside Targets Looks 102.520 – 102.500
Stop loss below 102.980
XAUUSD
Buy Above $2166
Upside Targets Looks $2175 – $2180.
Stop-loss $2146
XAGUSD
Buy Above $24.36
Upside Targets Looks $24.60–$24.63
Stop-loss $24
COPPER
( Yesterday We Recommended to Buy!! Above $3.87)
(Both Target Hit $3.88–3.89)
Buy Above $3.94
Upside Targets Look $3.98- $4.
Stop Loss $3.88.
CRUDE OIL (WTI)
( Yesterday We Recommended to Buy !! Above $79.10)
(Both Target Hit $79.60–80.10)
Crude Oil is Trading Around $78.58
Below $78.40… Sell it!!
Downside Target $78 -$77.90.
Stop Loss $79.40.
NASDAQ
Buy Above 18142 Levels Only…!!
Upside Target Looks 18250–18300.
Stop-loss 17950.
S&P 500 E-Mini
Buy Above 5128
Stoploss 5090.
Upside Target Looks 5150-5170.
TOP PICK– EURCAD
Sell Below 1.47030 Stop-loss 1.47278 Target 1.46815.
Forex news – Will Fed Speech propel The Commodities market?
Federal Reserve Chairman Jerome Powell presented the monetary policy report and responded to questions before the House Financial Services Committee. On this day, he will be appearing before the Senate Banking Committee on the second day of his semi-annual testimony on Thursday.
Gold and the Fed speech has an untold connection. Gold has risen to a new record as US Fed rate cut bets are helping to drive the prices up.
That’s all for today folks!!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Economic Data: ECB Conference and US-China Trade Balances In Spotlight? , Silver Ascending: Will It’s Rise Continue?
Recommended Read: Forex News Letter : US ISM Service Ready To Take The Spotlight?
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