The Forex newsletter for the day is here. Without further adieu, let’s dive in!
Dollar Index
Sell below 104.770
Downside Targets Looks 104.30/103.80
Stop loss above 105.250
XAUUSD
Sell around $2315
Downside Target Looks $2305/2290
Stop-loss above $2326
XAGUSD
Buy above $29.2130
Upside Target Looks $29.400/$29.600
Stop-loss below $29.00
COPPER
Sell on rise $4.5200
Downside Target Look $4.3600/$4.200
Stop Loss above $4.6800
CRUDE OIL (WTI)
Buy above $79.70
upside Target $80.50
Stop-loss below $78.50
NASDAQ
Buy above 20252
Upside Target Looks 20350/20450
Stop-loss below – 20150
S&P 500 E-Mini
Buy around 5545
Stop loss below 5480
Upside Target Looks 5600/5650
TOP PICK-AUDCAD
Buy around 0.90960
Stop Loss below 0.90400
Target- 0.9125/0.9200
Fed Holds Rates Steady, Eyes More Data on Inflation
Federal Reserve officials maintained the benchmark interest rate at 5.25%-5.5% after the June meeting, citing a need for more “good inflation” data before considering a rate cut. Chairman Jerome Powell emphasized a data-dependent approach, stating that decisions will be made meeting by meeting. Policymakers are divided on the timing of the policy pivot, with some projecting rate cuts as early as September while others expect a later move, potentially in December
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
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