Today’s forex newsletter looks quite interesting
Federal Reserve Cuts Rates, Signals Slower Easing Path
The Federal Reserve lowered the Fed Funds rate to 4.25%-4.50%, with only two rate cuts projected for 2025. Despite elevated inflation, the central bank remains optimistic about economic growth, revising GDP forecasts upward. Gold prices fell, as the market reacted to the Fed’s cautious outlook.
DXY
Buy aroudn108.00
Stop loss below 107.800
Target 108.200–108.400
XAUSUD (Yesterday given Sell on rise around 2649 all target done)
Sell on rise around 2612
Stop loss above 2622
Target 2602–2592
XAGUSD (Yesterday given Sell below 30.34 all target done)
Sell on rise around 29.50
Stop loss above 29.72
Target 29.30–29.10
USOIL (Yesterday given Buy around 70.10 all target done)
Sell around 69.80
Stop loss above 70.20
Target 69.40–68.80
COPPER (HG1)
Sell below 4.0795
Stop loss above 4.1000
Target 4.0600–4.0400
NASDAQ
Buy around 21650
Stop loss below 21544
Target 21750–21850
S&P 500 E-Mini
Buy around 5980
Stop loss below 5960
Target 5600–5620
Top pick (Yesterday given USDCHF Buy around 0.89300 all target done)
NZDUSD
Sell below 0.56500
Stop loss above 0.56700
Target 0.56300–0.56100
That’s all for today’s forex newsletter
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
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