Forex Focus: Curious Insights from UK’s Sept 2024 Inflation

The Forex newsletter for the day is here. DXY , XAUUSD , XAGUSD , COPPER , USOIL , NASDAQ , S&P 500 E-Mini , USDCHF….

DXY

sell around 103.00
Stop loss above 103.150
Downside target look 102.850—102.700

XAUUSD

( Yesterday givenbuy around 2645 all target done)

buy on dip around 2670
Stop loss below 2655
Upside target look 2685–2700

XAGUSD

( Yesterday given Buy around 31.20 all target done)

buy on dip around 31.65
stop loss below 31.40
Upside target look 31.90–32.15

COPPER (HG1)

Sell on rise around 4.4000
Stop loss above 4.4400
downside target look 4.3600—-4.3200

USOIL

Sell below 69.50
Stop loss above 71.00
Downside target look 68.00–67.00

NASDAQ

( Yesterday given Sell around 20600 All target done)

Buy around 20350
Stop loss below 20250
Upside target look 20450–20550

S&P 500 E-Mini

( Yesterday given Sell around 20600 all target done)

Buy around 5865
Stop loss below 5850
Upside target look 5880–5895

Top Pick

NZDUSD

Buy around 0.60700
Stop loss below 0.60400
Upside target look 0.61000—0.61300

In September 2024, UK consumer price inflation slowed, with CPIH rising 2.6% year-on-year, down from 3.1% in August. CPI rose 1.7%, down from 2.2%. The transport sector drove the largest downward impact, while food and non-alcoholic beverages offset some of this decline.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Will Gold price break through their massive resistance or retreat? , Today, the spotlight is on UK inflation data

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