Forex News Letter: Will FED Data Be the Saviour of Today’s Market?

The forex news for the day is in!!

With the FOMC meeting on the horizon, what’s in store for the world of commodities and forex?

Let’s dive in and understand the analysis.

Dollar index 

 Buy Above 103.40

 Upside Targets Looks 103.70 – 104.

 Stop loss Above 103.10


Sell Below   $2147

Downside Targets Looks  $2140 – $2130.
        Stop-loss $2158


Sell Below   $24.70

        Downside Targets Looks  $24.50–$24.20

Stop-loss $25.


Yesterday We Recommended to Buy  !!Above  $4.05 )
              (1st Target Hit $4.07 ) 

Sell Below  $4.06

  Downside Targets Look $4- $3.90

  Stop Loss Above $4.14


  Crude Oil is Trading Around $81.27.

               Below  $81.77… Sell it!!

       Downside Target $80.70 -$79.

         Stop Loss $83.


  Sell Below   18240  Levels Only…!!
      Downside  Target Looks 18180–18100.

      Stop-loss 18285.

S&P 500 E-Mini 

Yesterday We Recommended to Buy  !!Above  5220)
              (1st Target Hit 5240) 

Sell Below   5230

Stoploss   5245.

   Downside Target Looks 5220-5200.


  Sell Below  170  Stop-loss 170.45 Target 169.60.

Forex News: Will the FED drive market movements?

Oil has eased from 4 4-month high amid the US dollar strengthening. WTI Oil is easing a touch on Wednesday after its five-day winning streak.

Oil traders have been seeing earlier bullish signings to play out and several supply issues are on the horizon.

The US Dollar Index has been trading firmly higher ahead of the Fed rate decision.

The USD/JPY has also rallied at the end of a widely expected BOJ rate hike, the first in over 17 years.

That’s all for today!!

Happy Trading!!

Commodity Samachar
Learn and Trade with Ease

Also Read: Crude Oil Rises to Multi-Month High – Hits Forecast Target , Brace for Impact with Fed Policy and Statements Today!!

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