fbpx

BRICS Summit: Can It Challenge IMF’s Forex Dominance?


BRICS Summit: Can It Challenge IMF's Forex Dominance?

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

DXY

Buy around 103.400
Stop loss below 103.200
target 103.600—103.800

XAUUSD

Buy around 2730
Stop loss below 2714
Target 2745–2760

XAGUSD

Buy around 34.30
Stop loss below 33.90
Target 34.70–35.00

COPPER (HG1)

Buy around 4.3700
Stop loss below 4.3400
Target 4.4000–4.4300

USOIL

( Yesterday given Sell around 70.00 first target almost done)

Sell around 70.80
Stop loss below 71.30
target 70.20–69. 70

NASDAQ

( Yesterday given Buy above 20400 first target done)

Sell on rise around 20450
Stop loss above 25560
Target 20350–20250

S&P 500 E-Mini

( Yesterday given Buy above 5895 first target almost done)

Sell on rise around 5880
Stop loss above 5900
Target 5860–5840

Top Pick

EURTRY

Sell around 37.15
Stop loss above 37.25
Target 37.05–36.90

Forex Newsletter – The BRICS summit in Moscow, now expanded to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE, aims to strengthen economic ties and promote de-dollarization. Amidst geopolitical tensions and economic uncertainty, this gathering signals a shift towards a multipolar financial landscape, challenging traditional Western economic hegemony.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: BOE Gov Bailey speaks, IMF meeting in Focus today , Focus : Copper Price Faces Struggle to Break Key Resistance

Recommended Read: Trader’s Guide: Could You Profit from 2024’s Silver and Gold Price Fluctuations?

Want Help On Your Trades ?

Chat with RM