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Forex News Letter: Could Extravagant PMI Data Spark a Storm?


Imp Data on 24 Jan 2024 : Flash Manufacturing PMI & Flash Services PMI  

             Dollar index

  (Yesterday  We Recommended to Buy !! Above  103.25

    ( Both Target Hit 103.15-103.25)    

Dollar index is trading around 102.68.

   Below 102.60… Sell it.

    Downside Targets Looks 102.41 — 102.21

 Stop loss below 103.

   XAUUSD

                               (Yesterday  We Recommended to sell!! Below $2025) 

                                                    ( Made a Low $2021)  target $2020 

                       Above $2034… Buy levels Only
                            Upside Targets Looks  $2038–$2045.
                    Stop-loss $2025.

XAGUSD

             Buy Above $22.85…levels Only
              Downside Targets Looks  $23.16 –23.23.

    Stop Loss 22.35.

COPPER

    (Yesterday We Recommended to Buy!! Around $3.80

                                                    ( Both  Target Hit $3.81–$3.82)    

Above $3.89…Buy  it

  Upside Targets Look $3.91 — $3.94.

  Stop Loss $3.86.

      CRUDE OIL (WTI)

          (Yesterday We Recommended to Sell!! Below $74) 

                                                    ( Made a Low $73.38) target $73.30

Crude Oil is Trading Around 74.62.

                     Below 74.… Sell it!!

                          Downside Target $73.40–$72.70. 

                                Stop Loss $75.       

    NASDAQ

 
              Buy Above 17670 Levels Only…!!
              Upside Target Looks 17750-17790.

      Stop-loss 17590.

                                                      S&P 500

                S&P 500 Support 4900.
                Sell Below    4920…!!

                   Downside Target Looks 4940-4960.

TOP PICK- EURUSD

                                             

 Buy above  1.09171  Stop-loss 1.08689  Target 1.09503.

Also Read : Market Trigger: PMI data and Bank of Canada Policy In Focus? , Will Bank Of Japan Policy And Conference Guide Sentiment Today?

Recommended Read : Forex Newsletter: Is Forex On The Verge of Positive Trends?