The forex news is in and it looks like this week is going to be quite interesting.
Without further delays, let’s dive into the latest news that needs your attention.
Dollar index
Sell Around 103.33
Downside Targets Looks 103.13 – 102.90
Stop loss below 103.63
XAUUSD
( On Friday We Recommended to Buy!! Above $2027)
(Both Target Achieved $2032–$2040)
Buy Above $2037
Upside Targets Looks $2041–$2047.
Stop-loss $2029.
XAGUSD
( On Friday We Recommended to Buy!! Above $22.80)
(Made a High $23.02) Target $23.06
Buy Above $22.70
Upside Targets Looks $23–$23.20.
Stop-loss $22.55.
COPPER
Sell Below $3.81
Downside Targets Look $3.78– $3.76.
Stop Loss $3.84.
CRUDE OIL (WTI)
Crude Oil is Trading Around $76.21
Below $75.86… Sell it!!
Downside Target $75.25 -$74.90.
Stop Loss $76.73.
NASDAQ
Buy Above 18050 Levels Only…!!
Upside Target Looks 18100–18150.
Stop-loss 17980.
S&P 500 E-Mini
S&P 500 Resistance and stoploss 5080
Buy Above 5110
Upside Target Looks 5150-5180.
TOP PICK– EURAUD
( On Friday We Recommended to Buy GBPUSD!! Above 1.2677)
(Target Hit 1.2700)
Buy Above 1.65758 Stop-loss 1.65489 Target 1.66098.
Forex News- US PCE Data In The Spotlight?
The WTI oil has tested an integral level but is leading to more of a downturn. There is also a pressure that’s building up on the US dollar index on the anticipation of PCE data.
In other forex news, the gold prices are trading back and forth as the US Core PCE data is looming large. The FED’s Williams has said that the interest rate cuts are likely later this year.
That’s all for today folks!!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Economic Data: US PCE and China PMI To Drive Volatility? , Purchasing Managers Index : Game Changer for Eurozone, UK, and US?
Recommended Read: Forex News Letter: Gold and The Dollar – An Inverse Relationship!!
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