fbpx

BoE’s Bailey: Ultra-Low Rates Unlikely, Forex Focus Ahead


BoE's Bailey: Ultra-Low Rates Unlikely, Forex Focus Ahead

The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, GBPUSD

DXY

Buy around $100.200
Upside Targets Looks $100.600—$101.000
Stop loss below $99.800

XAUUSD

Buy on dip $2610
Upside Target Looks $2630—$2645
Stop-loss below $2590

XAGUSD

Buy above $31.20
Upside Targets Looks $31.50—$31.80
Stop loss below $30.90

COPPER (HG1)

Buy around $4.4700
Upside Target Look $4.5000—$4.53000
Stop Loss below $4.4200

USOIL (WTI)

Buy on Dip around $70.60
Upside Target looks $71.80—$73.00
Stop-loss below 69.40

NASDAQ

Buy around $20100
Upside Target Looks $20250—$20400
Stop-loss below $19950

S&P 500 E-Mini

Buy around 5780
Stop loss below 5750
Upside Target Looks 5800–5820

TOP PICK-( Yesterday given USDCAD, Both target Done, Hope you have made good profit)

GBPUSD

Buy Above $1.34000
Stop loss below $1.33600
Upside Target Looks $1.34400—$1.34800

Bank of England Governor Andrew Bailey stated that only major economic shocks like the financial crisis or COVID-19 could drive UK interest rates back to ultra-low levels. He emphasized gradual rate cuts, citing inflation and Brexit-related trade issues as ongoing concerns.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Natural gas prices climb 2% to 12-week high – What next? US CB Consumer Confidence, RBA rate decision in Focus today

Recommended Read:  MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]

Want Help On Your Trades ?

Chat with RM