Today’s forex newsletter looks quite interesting
Fed Rate Cut with Hawkish Outlook for 2025
The Federal Reserve may cut interest rates tonight to provide economic relief, but will likely issue a hawkish statement for 2025, signaling tight future monetary policies. While this could boost gold prices, a stronger dollar may put pressure on gold and silver, maintaining inflation control.
DXY
Buy above 106.550
Stop loss below 106.350
Target 106.750–106.950
XAUUSD ( Yesterday given Sell on rise around 2646 first target done)
Sell around 2649
Stop loss above 2659
Target 2639–2629
XAGUSD ( Yesterday given Sell on rise around 30.40 first target done)
Sell below 30.34
Stop loss above 30.50
Target 30.20–30.00
USOIL ( Yesterday given Sell around 69.70 all target done)
Buy around 70.10
Stop loss below 69.80
Target 70.40–70.70
COPPER (HG1)
Buy above 4.1635
Stop loss below 4.1535
Target 4.1735–4.1835
NASDAQ ( Yesterday given Sell below 22325 first target done)
Buy above 22386
Stop loss below 22356
Target 22416–22446
S&P 500 E-Mini ( Yesterday given Sell below 6130 first target done)
Buy around 6145
Stop loss below 6130
Target 6160–6175
Top pick
USDCHF
Buy around 0.89300
Stop loss below 0.89100
Target 0.89500-0.89700
That’s all for today’s forex newsletter
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: What’s Driving Copper Prices to a Two-Week Low?
Recommended Read: 2024 G20 Summit: Did It Deliver on Market Expectations?
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