The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, GBPUSD
Dollar Index
Buy around $101.400
Upside Targets Looks $102.00—$102.50
Stop loss below $100.80
XAUUSD
Sell on rise around $2510—$2507
Downside Target Looks $2500—$2485
Stop-loss above $2520
XAGUSD
Sell around 28.50
Downside Targets Looks $28.00—$27.50
Stop loss above $29.00
COPPER (HG1)
(yesterday given sell around $4.1800, Target done. Hope you have made a good profit)
Sell on rise around $4.1700
Downside Target Look $4.1000
Stop Loss above $4.2200
USOIL (WTI)
Sell on rise around $74.00
Downside Target looks $73.00–$72.00
Stop-loss above $75.00
NASDAQ
Sell on rise around 19600
Downside Target Looks 19400—19200
Stop-loss above 19900
S&P 500 E-Mini
Sell on rise around 5650
Stop loss above 5700
Downside Target Looks 5600
TOP PICK-
GBPUSD
Sell below $1.3100
Stop loss above $31.50
Downside Target Looks $1.3060—1.3000
Bank of Japan Governor Kazuo Ueda reaffirmed his commitment to raising interest rates if economic conditions align with forecasts. His comments strengthened the yen against the dollar, while market expectations suggest another rate hike by year-end, with December being a likely timeframe.
Happy trading!
Commodity Samachar Securities
We Decode the language of the market
Also Read: Will copper prices react to PMI numbers today? Economic News: US ISM & German Retail PMI in Focus Today
Recommended Read: Put-Call Ratio: How Does It Influence The Trader Mindset?
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