Forex Focus: ECB Eyes Historic Rate Cut Amid Struggles

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF….

DXY

Sell below 103.100
Stop loss above 103.330
Target 102.900—102.700

XAUUSD

( Yesterday given buy around 2670 first target done)

Buy around 2770
Stop loss below 2658
Target 2680–2690

XAGUSD

( Yesterday given buy on dip around 31.65 first target done)

Buy above 31.10
Stop loss below 30.90
Target 31.30–31.50

COPPER (HG1)

( Yesterday given Sell on rise around 4.4000 all target done)

Buy around 4.3000
Stop loss below 4.2500
Target 4.3500—4.4000

USOIL

Sell below 69.50
Stop loss above 71.00
Downside target look 68.00–67.00

NASDAQ

( Yesterday given Buy around 20350 almost all target done)

Sell around 20500
Stop loss above 20650
Downside target 20400—20300

S&P 500 E-Mini

( Yesterday given Buy around 5865 all target done)

Sell below 5900
Stop loss above 5920
Target 5880–5860

Top Pick

NZDUSD

Sell around 0.60750
Stop loss below 0.61100
downside target look 0.60500—0.60200

Forex Newsletter – The European Central Bank is set to implement its second consecutive interest rate cut, driven by easing inflation and stagnant economic growth. Analysts anticipate a 25 basis point reduction on Thursday, with further cuts expected through March as the ECB shifts focus from inflation control to growth support.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Euro at multi-week lows- Will it break after ECB policy today? , European Central Bank decision will in Focus today

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