The forex news for the day is in and its going to be an exciting session indeed. With the revival of the US dollar and a lot more news too look forward, what’s instore for investors and traders in the forex market?
Let’s get started and find out more!
Dollar Index
Buy Above 104.50
Upside Targets Looks 104.80– 105.00
Stop loss below 104.30
XAUUSD
Yesterday We Recommended to Sell Below $2255
( Target Almost hit)
sell below $2265
Downside Target Looks $2255– $2245.
Stop-loss Above $2275
XAGUSD
Yesterday We Recommended to Sell Below $25.40
( 1st Target Hit $25.20 )
sell below $26.16
Downside Target Looks $25.90–$25.70
Stop-loss Above $26.33
COPPER
Yesterday We Recommended to buy above $4.0380
( Both target hits – $4.0670- $4.0870)
Buy Above $4.05
Upside Targets Look $4.08- $4.11
Stop Loss Below $4.02
CRUDE OIL (WTI)
Yesterday We Recommended to buy above $84.00.
( 1st Target Hit $85.00 )
Crude Oil is Trading Around $85.40
Buy around $83.60
Upside Target $85.00-$86.00
Stop-loss 82.40
NASDAQ
Buy Around 18285 Levels Only…!!
Upside Target Looks 18350–18450.
Stop-loss 18200.
S&P 500 E-Mini
Buy Above 5265
Stoploss below 5230
Upside Target Looks 5285-5300.
TOP PICK- CADCHF
Buy Around 0.5405 Stop-loss Below 0.5375 Target 0.5435
Forex News: The US Dollar Revival Era is here!!
The Gold Prices have remained sideways whereas the US Dollar strengthens on the upbeat US Retail Sales. The US Bond yield has soared as the Fed has seemed to initiate the rate cut cycle from September.
The US Dollar has jumped on upbeat US retail sales data as it recovers from early Monday selling pressures after stronger US retail sales.
That’s all for today folks. We’ll be back with more info tomorrow.
Until then, Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: NZD/USD Price Analysis: Market sentiment may persist. Hopes for a rise are diminishing, Unveiling the Trading Opportunities in CHF/CAD Exchange Rate Fluctuations
Recommended Read: Going ‘All In’ for ‘Made in India’: What’s the Buzz Among American Consumers ?
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