It’s the day everyone’s been anticipating as forex news will unveil the US CPI inflation data that’s incoming!!
With inflation reports coming, all traders are looking forward to clues about where the Fed is going to take action.
Without further adieu, let’s dive down to the analysis.
       Dollar index
Dollar index is trading around 103.77.
Below 103.72… Sell it.
Downside Targets Looks 103.68–103.50
Stop loss below 103.91.
XAUUSD
( Yesterday We Recommended to Sell !! Below $2019)
( Both Target Hit $2014-$2011) target $2010
Buy Above $2029
Upside Targets Looks $2035–$2040.
Stop-loss $2017.
XAGUSD
Buy Above $23…
  Upside Targets Looks $23.20– $23.30.
Stop Loss $22.79.
COPPER
( Yesterday We Recommended to Buy !! Above $3.69)
( Both Target Hit $3.70-$3.72)
Buy Above $3.75
Upside Targets Look $3.77– $3.80.
  Stop Loss $3.71.
CRUDE OIL(WTI)
                      Â
Crude Oil is Trading Around $77.44.
                  Above $78… Buy it!!
                Upside Target $79-.$80.Â
              Stop Loss $77. Â
     NASDAQ
( Yesterday We Recommended to Buy!! Above 18070 )
( Both Target Hit 18100–18120)
Sell Below 17830 Levels Only…!!
Downside Target Looks 17790-17770.
Stop-loss 17900.
S&P 500 E-Mini
( Yesterday We Recommended to Buy!! Above 5050)
(1st Target Hit 5060)
S&P 500 Resistance 5040
Sell Below 5018
Downside Target Looks 5003-4980.
TOP PICK– USDCHF
Buy Above 0.8821 Stop-loss 0.8724 Target 0.8920.
Forex News: US CPI and Crude Oil in Focus!!
The highly impacting US Consumer Price Index for January will be published tonight. As per the latest analysis, the inflation data could be altering the market’s pricing, signalling the Fed’s movements thereby triggering volatility in the US Dollar.
Breaking News is Crude Oil. Oil traders have been sending crude higher with EIA reporting he OPEC production cuts are being respected at the moment.
That’s all for today!!
So until next time, Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read : US Inflation in Focus: Will the US Data Conquer Today’s Market? ,Gold Outlook: Is US Inflation Propelling a 2-3% Surge in Gold?
Recommended Read : Forex News Letter – Anticipations for the US Inflation On the Rise?
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