Forex Focus: BOJ Signals Rate Hikes, Yen Gains Ground

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

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