The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY
Dollar Index
sell around 104.45
Downside Targets Looks 104.00
Stop loss above 104.90
XAUUSD
Buy around $2370
Upside Target Looks $2400–$2420
Stop-loss below $2350
XAGUSD
Buy above $31.170
Upside Target Looks $32.50—$33.00
Stop-loss below $30.50
COPPER
Sell around 4.5800
Downside Target Look 4.6700—4.4000
Stop Loss above 4.6700
CRUDE OIL (WTI)
Buy around $82.00
upside Target $84.00
Stop-loss below $80.80
NASDAQ
Buy around 20920
Upside Target Looks 21050—22000
Stop-loss below – 20800
S&P 500 E-Mini
Buy above 5684
Stop loss below 5660
Upside Target Looks 5710
TOP PICK-AUDCAD
Buy above $0.9215
Stop loss below $0.9195
Upside Target Looks $0.9240
Inflation Cools in June, Raising Hopes for Fed Rate Cut
The US Consumer Price Index (CPI) is forecast to rise 3.1% year-over-year in June, down from 3.3% in May, signaling a continued easing of inflationary pressures. Meanwhile, core CPI, which excludes volatile food and energy prices, is expected to hold steady at 3.4%. This data could pave the way for a Federal Reserve interest rate cut in September
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read : MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024] US CPI and UK GDP are in focus today
Recommended Read : MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]
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