Forex Focus: Powell Resists Resignation Amid Tensions


Forex Focus: Powell Resists Resignation Amid Tensions

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

DXY

Buy above 104.225
Stop loss below 104.050
Target 104.400–104.600

XAUUSD

(Yesterday given Buy around 2666 all target done)

Sell below 2680
Stop loss above 2690
Target 2670–2660

XAGUSD

Sell around 31.40
Stop loss above 31.65
Target 31.15–30.90

USOIL

Sell below 71.00
Stop loss above 71.50
Target 70.50–70.00

COPPER (HG1)

Sell around 4.3300
Stop loss above 4.3525
Target 4.3100–4.2900

NASDAQ

Sell below 21200
Stop loss above 21250
Target 21150–21100

S&P 500 E-Mini

Sell below 6000
Stop loss above 6015
Target 5985–5970

Top Pick

USDCHF

Sell below 0.87100
Stop loss above 0.87400
Target 0.86800–0.86500

Forex Newsletter – Federal Reserve Chair Jerome Powell firmly rejected suggestions he should resign, stating it’s “not permitted under the law” for the President to remove him. His comments came after advisors to President-Elect Trump called for his departure. Gold prices surged following his resolute statements.

Until then, Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

Also Read: Will Crude Oil price Continue Its Climb Post-Fed Policy? , Bank of Canada Labor report in Focus today

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