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Forex News Letter: UK Numbers To Take Spotlight in Forex Market?


Will the UK jobs report and Canadian CPI gives direction today?

Dollar index

 ( Yesterday We Recommended to BUY!! Above 102.30

( Both Target hit 102.40–102.60 )

                  Dollar index is trading around 102.22.

Above 102.85… Buy it.

Upside Targets Looks 103.06 — 103.24

Stop loss below 102.40.

XAUUSD

   

 ( Yesterday We Recommended to Sell!! Below $2045

                                                  ( 1st Target hit $2041 )                               

                                     Fresh Sell Below $2035…levels Only
                                  Downside Targets Looks  $2027–$2014.
            Stop-loss $2050.

XAGUSD

                                        Sell Below  $23.…levels Only
                                  Downside Targets Looks  $22.80– 22.60.

                            Stop Loss 23.15.

COPPER

Above 3.79…Buy  it

        Upside Targets Looks 3.82 — 3.84.

     Stop Loss 3.75.

       CRUDE OIL (WTI)

Crude Oil is Trading Around 73.24.

Around 73.25.… Buy it!!

     Upside Target 73.75–.74.19. 

            Stop Loss 72.60.       

    NASDAQ

   ( Yesterday We Recommended to Sell!! Below 16935

      ( Both  Target hit 16830–16800 ) 
          Sell Below 16800  Levels Only…!!


              Downside Target Looks 16750-16690.

      Stop-loss 17000.

                                                   S&P 500

                                                    S&P 500 Resistance 4800.
                                                      Sell Below   4780…!!

                                            Downside Target Looks 4770-4750.

                                 TOP PICK- EURGBP

   ( Yesterday We Recommended to EURUSD  Sell!! Below 1.093

      ( Target hit 1.09175)  

Buy Above  0.8625   Stop-loss 0.8590  Target 0.8640 .

Also Read : Indian Rupee: What’s Fuelling It’s Four-Month Dollar Dominance? , Crude Oil News | Will Crude Oil Prices Skyrocket in the Middle East Turmoil?

Recommended Read : Forex Newsletter – 12 Jan 2024

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