The Forex news is in and all the focus might just be on gold today?
With the Inflation data on the horizon, let’s start with the forex analysis!!
Dollar index
Buy Above 102.57
Upside Targets Looks 102.80 – 103
Stop loss below 102.21
XAUUSD
Sell Below $2171
Downside Targets Looks $2168 – $2161.
Stop-loss $2188
XAGUSD
Sell Below $24.32
Downside Targets Looks $24.20–$24.10
Stop-loss $24.55
COPPER
Buy Above $3.94
Upside Targets Look $3.96- $4.
Stop Loss $3.91.
CRUDE OIL (WTI)
Crude Oil is Trading Around $78.52.
Above $78.77… Buy it!!
Upside Target $79.40 -$80.40
Stop Loss $77.70.
NASDAQ
( Yesterday We Recommended to Sell !!Below 18216 )
(Both Target Hit 18167–18148)
Sell Below 18235 Levels Only…!!
Downside Target Looks 18136–18070.
Stop-loss 18374.
S&P 500 E-Mini
Sell Below 5185
Stoploss 5211.
Downside Target Looks 5160-5140.
TOP PICK– GBPCHF
Sell Below 1.20000 Stop-loss 1.25000 Target 1.11600.
Forex News: All Eyes on Pressured Gold!!
Gold prices dips slightly as investors await US Inflation data for fresh guidance. THe US Bond yields are also facing pressure as safe-haven demand has eased ahead of the inflation report.
On the new news about the Fed, the market expectations for the Fed reducing interest rates in June remain steady
That’s all for today folks!!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Economic Data: US CPI and UK Jobs In the Spotlight Today!! , Volatility Alert: Japanese Yen on Edge with BOJ’s Interest Rate Move!
Recommended Read: Forex News Letter : US Inflation, US Dollar and Market Volatility!
Want help on your traders?
Chat with our Analyst