Forex Focus: BOJ Policymakers Divided on Rate Hike Debate

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

DXY

sell below $100.350
Downside Targets Looks $100.00—$99.70
Stop loss above $100.650

XAUUSD

Buy above $2685
Upside Target Looks $2695—$2705
Stop-loss below $2667

XAGUSD

Buy on dip around $32.30
Upside Targets Looks $32.20—$32.00
Stop loss below $32.10

COPPER (HG1)

Buy on dip $4.5500
Upside Target Look $4.6000
Stop Loss above $4.4000

USOIL

Sell on rise around $68.50
Downside Target looks $67.50—$66.50
Stop-loss Above $70.00

NASDAQ

Buy around $20500
Upside Target Looks $20700—$20800
Stop-loss below $20300

S&P 500 E-Mini

sell below 5820
Stop loss above 5850
downside Target Looks 5780

TOP PICK-

AUDNZD

( Yesterday given USDCAD Buy above $1.34400, Both target Done, Hope you have made good profit)

Sell around $1.09100
Stop loss above $1.09300
Downside Target Looks $1.08900–1.08700

Minutes from the Bank of Japan’s July meeting reveal a split among policymakers on the pace of future interest rate increases. While some advocate for gradual hikes to prevent rapid adjustments, others caution against hastening the withdrawal of stimulus amid ongoing inflation uncertainties.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

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