Forex News Letter : Gold and the US Dollar Relation Unbreakable?

Forex News Letter : Gold and the US Dollar Relation Unbreakable?

The forex news for the day is in and it looks like the US data may take over the market movements.

With gold and the US dollar in focus, what’s in store for the trader within you?

Without further adieu, let’s begin!!

Dollar Index   

Yesterday We Recommended to Buy  !!Above 104.05)
              (Both Target Hit 104.20-104.40 ) 

   Buy Above   104.03

  Upside Targets Looks 104.23– 104.43

 Stop loss below 103.80


  Buy Above   $2218

 Upside Targets Looks  $2225– $2235.
        Stop-loss $2


Buy Above  

         Upside Targets Looks  $25–$25.20

Stop-loss $24.58


Buy Above     $4.009

 Upside Targets Look $4.25- $4.40

  Stop Loss $3.99


Crude Oil is Trading Around $81.04.

               Above  $82.50… Buy it!!

       Upside Target $83.50-$84.50

Stop-loss 81.50.


   Sell Below   18540 Levels Only…!!
     Downside  Target Looks 18500–18460.

      Stop-loss 18577.

S&P 500 E-Mini 

Sell Below  5300

Stoploss   5314.

   Downside Target Looks 5280-5260.


                  Buy Above  1.1440  Stop-loss 1.1420 Target 1.1460.

Forex News: Gold and US Dollar – An unbreakable relation!!

The US Dollar has extended its rally to a 3-day winning streak after Fed Board Member Christopher Waller hinted at no interest rate cut in June.

Meanwhile, gold prices hold strong ahead of the US Core PCE inflation. Amid this, Gold has a firm footing ahead of the United States core personal consumption expenditure (PCE) Price Index data for February.

That’s all for today folks!!

We’ll be back with more analysis soon.

Happy Trading!!

Commodity Samachar
Learn and Trade with Ease

Also Read: Copper Price Update: Will copper find support here?, Economic Data: What Surprises Await in Today’s Economic Landscape?

Recommended Read: Breaking Down 5 Technical Analysis Myths: Let’s Get the Facts Straight!

Want help on your trades?

Chat With Our Analyst