The forex news is in and it seems like the day will be exciting even though there is a lack of data in the market.
But will the anticipations for the data of the week drive the market forward?
Let’s get started on the analysis!!
Dollar index
   Buy Above 102.51
   Upside Targets Looks 102.85 – 103.18
 Stop loss below 101.91
XAUUSD
Sell Below $2174
Downside Targets Looks $2168 – $2161.
Stop-loss $2188
XAGUSD
Sell Below $24.23
Downside Targets Looks $24.13–$24.100
Stop-loss $24.41
COPPER
Sell Below $3.87
Downside Targets Look $3.85- $384.
Stop Loss $3.90.
CRUDE OIL (WTI)
Crude Oil is Trading Around $78.58
Above $78.40… Buy it!!
Upside Target $79 -$79.60
Stop Loss $77.17.
NASDAQ
Sell Below 18216 Levels Only…!!
Downside Target Looks 18167–18148.
Stop-loss 18339.
S&P 500 E-Mini
Sell Below 5168
Stoploss 5204.
Downside Target Looks 5155-5150.
TOP PICK– EURAUD
Sell Below 1.65184 Stop-loss 1.65417 Target 1.64957.
Forex News: US Inflation and the US Dollar!
With the US inflation data hitting the markets today, will it put a stop to the Dollar decline this week?
The US Dollar(USD) had its worst week since December wherein they lost out with the rest of the G10. It is expected that inflation figures might put a stop to the Dollar decline this week.
That’s all for today!
Happy Trading!!
Commodity Samachar
Learn and Trade with Ease
Also Read: Volatility Alert: Japanese Yen on Edge with BOJ’s Interest Rate Move!, Economic Data: This week’s focus is on US basket data, UK jobs and GDP data!
Recommended Read: Breaking Down 5 Technical Analysis Myths: Let’s Get the Facts Straight!