Forex News Letter: What’s Brewing as US CPI Inflation Takes the Spotlight?


       

Dollar index

( Yesterday We Recommended to Sell !! Below 102.11

( Made a high  102.25) Target 102.30   

      Dollar index is trading around 10.98.

Above 102.08… Buy it.

Upside Targets Looks 102.28 — 102.30.

Stop loss below   101.80.

  XAUUSD 

( Yesterday We Recommended to Sell !! Below $2032.

( Both Target hit $2026-$2020 )   

                                       Sell Below $2028…levels Only
                                  Downside Targets Looks  $2022–$2017.
            Stop-loss $2036.

XAGUSD

                                     Sell Below  22.94…levels Only
                                  Downside Targets Looks  22.86– 22.79.

                                 Stop Loss 23.09.

COPPER

Around 3.79…Sell  it

                                         Downside Targets Looks 3.78 — 3.77.

                                                        Stop Loss 3.82.

                                    CRUDE OIL (WTI)

Crude Oil is Trading Around 72.56.

                                    Around 72… Buy it!!

                                    Upside Target 73.20–.74.20. 

                                       Stop Loss 71.30.       

    NASDAQ

                (Yesterday We Recommended to Buy!! Above16910

            ( Both Targets Hit 16970–17030 ) 

   Sell Below 16940  Levels Only…!!
              Downside Target Looks 16834-16770.

      Stop-loss 17060.

                                                      S&P 500

( Yesterday We Recommended to Buy!! Above 4805

( Both Targets Hit 4820–4830 )

                                                    S&P 500 Resistance 4840.
                                                      Sell Below   4815…!!

                                            Downside Target Looks 4800-4785.

 TOP PICK- EURJPY

                                            

Buy Above  160.00  Stop-loss 159.76   Target 160.337. 

Commodity Samachar
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Also Read: Gold Surge: Will US Inflation Lead to Breaking of Key Support? , Will Today’s US Inflation Data Conjure Speculative Moves in the Market?

Recommended Read: Forex News Letter: Is the Market Vibing to the Incoming US Inflation Data?