The forex news for the day is in and its time for the market to prepare for the US data that’s incoming.
With gold, silver and its friends the currency pairs in focus, what’s the consensus the market is giving to the traders.
Let’s dive in and find out!!
Dollar Index
Buy Above 104.60
Upside Targets Looks 104.63– 104.85
Stop loss below 104.50
XAUUSD
sell below $2245
Downside Target Looks $2237– $2220.
Stop-loss $2257
XAGUSD
sell below $24.99
Downside Target Looks $24.85–$24.73
Stop-loss $25.11
COPPER
Buy Above $4.07
Upside Targets Look $4.09- $4.11
Stop Loss $4.03
CRUDE OIL (WTI)
Crude Oil is Trading Around $82.98.
sell below $82.80
downside Target $81.90-$81.25
Stop-loss 83.60
NASDAQ
Sell Below 18500 Levels Only…!!
Downside Target Looks 18450–18380.
Stop-loss 18620.
S&P 500 E-Mini
Sell Below 5320
Stoploss 5340.
Downside Target Looks 5300-5270.
TOP PICK- EURJPY
Buy Above 163.330 Stop-loss 163.150 Target 163.420
Forex News: Gold and the currency pairs in focus!!
The gold price has been trading close to fresh all time high on the firm believe that the Fed rate cuts are on way. The gold price has corrected itself slightly after refreshing a new all time high ahead of the US data filled week.
In other forex news, the EUR/USD is facing pressures ahead of a data filled wek. Ahead of the data packed US week, EUR/USD drops. The Dollar index is on the rise as market sentiment shifts ahead of the US opening after an extended weekend.
That’s all folks!!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: US NFP And European CPI Incoming. A Prelude To Rate Cut Bets?, Forex News Letter : Gold and the US Dollar Relation Unbreakable?
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