The forex news today is quite interesting as it is centred around the cluster of US data that’s about to hit the market tonight.
With a mass amount of volatility creating data sets, what’s the forex market signalling?
Without further aidue, let’s dive in and analyze the market scenario!!
Dollar index
Dollar index is trading around 104.26.
Below 104.20… Sell it.
Downside Targets Looks 104–103.80
Stop loss below 104.35.
XAUUSD
Buy Above $1998
Upside Targets Looks $2004–$2012.
Stop-loss $1990.
XAGUSD
( Yesterday We Recommended to BUY!! Above $22.23)
(Both Target Hit $22.45– $22.60)
Buy Above $22.65…
Upside Targets Looks $22.90– $23.20.
Stop Loss $22.40.
COPPER
Buy Above $3.73
Upside Targets Look $3.7450– $3.7580.
Stop Loss $3.68.
CRUDE OIL(WTI)
Crude Oil is Trading Around $75.80.
Below $75.48… Sell it!!
Downside Target $74-.$73.
Stop Loss $76.40..
NASDAQ
( Yesterday We Recommended to Buy!! Above 17800 )
( Both Target Hit 17850-17900)
Sell Below 17838 Levels Only…!!
Downside Target Looks 17700–17630.
Stop-loss 17900.
S&P 500 E-Mini
( Yesterday We Recommended to Buy!! Above 5000)
(1st Target Hit 5017)
S&P 500 Support 5000
Buy Above 5030
Upside Target Looks 5050-5065.
TOP PICK– AUDCAD
Buy Above 0.88014 Stop-loss 0.87814 Target 0.88263.
Forex News: Gold and Dollar in the Cross Hairs as Anticipation Builds for US Data!!
The Gold price has traded in a tight range as investors have not seen that the Fed has been reducing key rates in June.
the US EIA Crude Oil Stocks shift from 12.018 million barrels to 439.5 million barrels. The crude oil prices are facing challenges as IEA downward revised the forecast of the global oil demand growth.
That’s all for today folks!!
Commodity Samachar
Learn and Trade with Ease
Also Read : Economic Outlook: Will the US Data Cluster Chart a New Course for the Market? , Crude Oil: With falling prices, will concerns about demand support it?
Recommended Read : Forex News Letter: Should Your Focus Be Only on the Dollar Index Today?
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