Today’s forex newsletter looks quite interesting
DXY
Buy around 107.900
Stop loss below 107.750
Target108.050–108.200
XAUUSD
( Yesterday given Sell around 2615 first target done)
Sell on rise around 2615
Stop loss above 2622
Target 2608–2600
XAGUSD
Sell around 26.55
Stop loss above 29.72
target 29.40–29.25
USoil
( Yesterday given Sell around 69.20 first target done)
Sell around 69.60
Stop loss above 70.00
target 69.20–68.80
COPPER (HG1)
( Yesterday given Sell around 4.1100 all target done)
Buy around 4.1200
Stop loss below 4.1050
target 4.1350–4.1500
NASDAQ
Buy above 21812
Stop loss below 21800
target 21824–21836
S&P 500 E-Mini
Buy above 6051
Stop loss below 6030
target 6070–6090
Top pick
EURUSD
Sell around 1.04000
Stop loss above 1.04100
Target 1.03900–1.03800
Forex Newsletter – EUR/USD remains range-bound around 1.0400 due to thin holiday trading volumes. ECB President Lagarde expressed confidence in inflation returning to the 2% target sooner than expected, but highlighted concerns over high services inflation. Market expectations suggest potential ECB rate cuts in 2025 amid ongoing inflation concerns.
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: Japan Inflation, US Homes sales data in Focus today , Will a Strong Dollar Keep Crude Under Pressure?
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