Forex News Letter – Beginning of a New week, new challenges!!

It’s the start of a new session and the start of the new week. With several events scheduled for the week, the market is in for a surprising turn of events.

So without further aidue, let’s get started with the analysis:

Dollar index

The dollar index is trading around 103.280.

Support is at 103.00 and resistance is at 103.50

 Above 103.50… Buy it!! Upside targets look 103.80—104.00

  Sell below 103.00 levels only

Below 103.00, the downside target looks 102.60—102.35 again


Now XAUUSD trading around $2065

Buy on dip around $2050…!!

Again Upside Targets Look at $2080—$2115

Will it cross $2150???


      XAGUSD is trading near support of $25.15!!

                  Above  $25.30, buy it for the upside targets of $25.500—$25.80
                                 XAGUSD looks weak below the $24.90 level only


Copper is trading around $3.86

Trading range is $3.81—$3.89

Either side breaks or closes with volume will decide further


Panic continues… Sell call given from $75.00 levels

Hope you have booked

Profit with commodity Samachar in crude from $73.40—$73.00 in today’s morning session.

Major support $72.00…

A decisive close below $72.00 will take Crude oil to $68—$65 in days to come.


NASDAQ is trading around 15958

Below 15940… Sell it!!

The downside target looks 15870—15830 and then to 15725

Maintain stop loss of 16055

S&P 500

S&P rejected their resistance in the daily chart from 4600!!

Sell below only 4585

Downside targets look 4525—4485.

Resistance and stop loss of 4620


Buy above 1.2690. Stop loss 1.2665. Target1.2715

Forex News – The Essential Aspects:

  • The Gold prices have recorded a new all-time high due to escalating geopolitical tension as Israel and Hamas resume fighting.
  • Looking at a different spectrum, the US dollar has fallen sharply in the most recent weeks and the greenback’s bearish corrections may extended if the US job data surprise to the downside.
  • Even though several FED officials have been dismissive of the idea of aggressive rate cuts in the near future, others have not entirely ruled out the potential possibility of rate cuts. Due to this, the November US employment report that is due next Friday would be significant for the formulation of monetary policy at upcoming meetings.

Commodity Samachar
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