As The World Awaits the Upcoming Federal Open Market Committee (FOMC) Meeting Scheduled On 14 December 2023 At 12.30 AM and ensuing this the FOMC Press Conference Scheduled at 01:00 AM, the Central Bank Is Widely Expected to Leave the Federal Funds Rate Unchanged.
So amid this, what’s the forex outlook currently?
Let’s dive in and find out!!
Dollar index
Dollar index is trading around 103.54.
Below 103.35… Sell it
Downside Targets Looks 103.25—103.
Stop loss or Resistance 103.60
XAUUSD
Buy Above $1983…levels Only
Upside Targets Looks $1993-$2000.
Support or Stop-loss $1973
XAGUSD
XAGUSD Support 22.50 & Resistance 23.10
COPPER
Copper is Trading Near 3.770…!!
Below 3.760…Sell it
Downside Targets Looks 3.7595—3.7535
CRUDE OIL (WTI)
(Yesterday We Told Sell!!! Below 71.30)
(OUR TARGET HIT 69.30)
Crude Oil is Trading Around 68.59
Above 68.60 Buy it…!!
Upside Targets Looks 68.90-69.10
NASDAQ
(Daily…!! We Told Buy Above 16500)
(OUR TARGET HIT 16600)
Buy Above 16620 Levels Only…!!
Upside Target Looks 16670-16750.
Support or Stop-loss 16500.
S&P 500
(Yesterday We Told Buy!!! Above 4686)
(OUR TARGET HIT 4700)
S&P 500 Support 4680
Buy Above 4710…!!
Targets Looks 4744-4770…!
TOP PICK- GBPUSD
Sell Around 1.2522 Stop-loss 1.2615 Target 1.2428
Commodity Samachar
Learn and Trae with Ease
Also Read: All Roads Lead to the US: What’s the Future of the US leading up to the Fed meeting? , Crude Oil News: Price Hit Five Months Low- How Will The Fed Impact Inventory?
Recommended Read: Changing Perspectives: Are The Lives Of US Citizens A Priority Now Over Controlling Inflation After Fed Minutes?
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