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Forex : ECB to Hold Steady in July, Cautious on Inflation


Forex : ECB to Hold Steady in July, Cautious on Inflation

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

Dollar Index


(Yesterday given sell around 104.45. target done, Hope you have made a good profit)

sell around 104.00
Downside Targets Looks 103.50
Stop loss above 104.80

XAUUSD


(Yesterday given Buy around $2370. Both target done, Hope you have made a good profit)

Sell below $2400
Downside Target Looks $2385—$2370
Stop-loss above $2415

XAGUSD

Buy on dip $30.20
Upside Target Looks $30.40—$30.60
Stop-loss below $29.80

COPPER

Sell around 4.4750
Downside Target Look 4.3700—4.2500
Stop Loss above 4.6300

CRUDE OIL (WTI)

Buy on dip around $82.30 (CMP 83.43)
upside Target $84.00
Stop-loss below $80.80

NASDAQ

Sell below 20370
Downside Target Looks 20200—20000
Stop-loss above – 20500

S&P 500 E-Mini

Buy above 5650
Stop loss below 5620
Upside Target Looks 5680—5700

TOP PICK- EURCAD

Yesterday given AUDCAD Buy above $0.9215, target done. Hope you have made a good profit)

Buy around $1.48300
Stop loss below $1.48000
Upside Target Looks $1.48600

ECB to Hold Steady in July, Cautious on Inflation

The European Central Bank is expected to keep interest rates unchanged at its July meeting, despite signs of slowing inflation. ECB President Lagarde has emphasized the need for more data to confirm the disinflation trend before committing to further rate cut

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read : Economic News: US Producer Prices & China Trade in Spotlight Copper Falls on Stockpile Surge; China Data May Shift Market

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

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