The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY. Gold & Silver Soar
Dollar Index
Sell around $100.400
Downside Targets Looks $100–$99.80
Stop loss above $101.00
XAUUSD
Buy on dip around $2498—2495
Upside Target Looks $2510—$2520
Stop-loss below $2487
XAGUSD
Buy on dip around $29.60
Upside Targets Looks $29.80—$30.00
Stop loss below $29.40
COPPER (HG1)
Buy around $4.2000
Upside Target Look $4.2300
Stop Loss below $4.1700
USOIL (WTI)
Sell around $76.800
Downside Target looks $76.000
Stop-loss above $77.600
NASDAQ
Sell around 19600
Downside Target Looks 19400—19300
Stop-loss above 19800
S&P 500 E-Mini
Sell around 5635
Stop loss above 5655
Downside Target Looks 5615—5600
TOP PICK-
EURCAD
Sell below $0.9115
Stop loss above $0.9160
Downside Target Looks $0.9080
The yen has strengthened as USD/JPY hit 143.99, a three-week low. BOJ Governor Ueda hinted at potential tightening due to Japan’s inflation at 2.8%, while Fed Chair Powell’s dovish stance suggests US policy easing soon. This divergence is driving the yen’s rise against the dollar.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read:Â US PCE, Eurozone CPI and Japan data will in Focus this week All Eyes on Jackson Hole: Will the Fed Chair Drop a Bombshell?
Recommended Read: MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]
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