Today’s forex newsletter looks quite interesting
DXY
Buy above 109.185
Stop loss below 108.940
Target 109.400–109.600
XAUSUD
Sell below 2650
Stop loss above 2660
Target 2640–2630
XAGUSD
Sell below 29.50
Stop loss above 29.90
Target 29.10–28.70
USoil
Buy on dip around 72.20
Stop loss below 71.60
Target 72.60–73.10
COPPER (HG1)
Sell around 4.0200
Stop loss above 4.0400
Target 4.0000–3.9800
NASDAQ
Sell below 21200
Stop loss above 21300
Target 21100–21000
S&P 500 E-Mini
Sell below 5924
Stop loss above 5942
Target 5900–5875
Top pick
EURUSD
Sell on rise around 1.03500
Stop loss above 1.03700
Target 1.03300–1.03100
Forex Newsletter – China’s central bank, the People’s Bank of China (PBOC), has indicated that it may lower interest rates from the current 1.5% at an appropriate time in 2025, as part of a broader shift toward market-driven interest rate policies. The PBOC aims to phase out quantitative loan growth targets and prioritize interest rate adjustments. The move aligns with efforts to reform China’s monetary policy and transition away from state-directed bank lending amid an economic slowdown and global trade uncertainties.
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: Dhaniya Futures: Is a Market Breakout on the Horizon? , Focus Crude Oil Price Soars: China’s Policies Spark Demand
Recommended Read: 2024 G20 Summit: Did It Deliver on Market Expectations?
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