Forex Focus: IMF Backs Reserve Bank Amid Inflation Risks

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF , trade data and US PMI in focus

DXY

Sell below 101.500
Downside target 100.900
Stop loss above 102.100

XAUUSD

Buy around 2655
Upside target look 2670–2685
Stop loss below 2635

XAGUSD

Sell below 31.90
Downside target look 31.50—31.10
Stop loss above 32.30

COPPER (HG1)

Buy around 4.5600
Upside target look 4.6000
Stop loss below 4.5200

USOIL

( Yesterday Given Buy on dip around 71.00 All given Target done)

Buy on dip around 74.00
upside target look 75.00
Stop loss below 73.00

NASDAQ

( Yesterday Given Sell on rise around 20100 All given Target done)

Sell around 20050
Downside target look 19950–19800
Stop loss above 20150

S&P 500 E-Mini

Buy above 5780
Upside target look 5810–5840
Stop loss below 5750

Top Pick

Top Pick USDCHF ( Yesterday Given USDCHF Buy on dip around 0.84900 first target done hope you book profit )

Buy on dip around 0.85100
Upside target look 0.85400 —0.85900
Stop loss below 0.84800

The IMF has endorsed the Reserve Bank of Australia’s stringent monetary policy but warns that further rate increases may be necessary if inflation does not decline. The economy is resilient yet faces challenges, particularly in housing, requiring a balanced approach to growth and inflation control.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

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