Today’s forex newsletter looks quite interesting
China Considers Weaker Yuan Amid Trump Trade Risks.
Chinese leaders are contemplating allowing the yuan to weaken in 2025 in response to the potential re-imposition of high trade tariffs under a second Donald Trump presidency. The move aims to offset the impact of proposed tariffs, including a 10% universal import levy and a 60% tariff on Chinese goods. By depreciating the yuan, China hopes to make its exports more competitive and ease the economic pressure from heightened trade tensions.
DXY ( Yesterday given Buy above Buy above 106.100 first target done)
Buy above 106.200
Stop loss below 105.900
Target 106.500–106.800
XAUUSD
Sell below 2686
Stop loss above 2696
Target 2676–2666
XAGUSD
Sell around 31.70
Stop loss above 31.90
Target 31.50–31.30
USOIL ( Yesterday given Buy around 67.90 all target done)
Buy above 69.34
Stop loss below 69.10
target 69.60–69.90
COPPER (HG1)
NASDAQ
Buy around 4.2480
Stop loss below 4.2380
Target 4.2580–4.2680
Buy around 24455
Stop loss below 24435
Target 24475–24495
S&P 500 E-Mini ( Yesterday givenBuy around 6066 first target almost target done)
Buy around 6053
Stop loss below 6045
Target 6061–6069
Top pick ( Yesterday given USDCHF Buy above 0.88100 all target done)
USDCHF
Sell around 0.88350
Stop loss above 0.88550
Target 0.88150–0.87950
That’s al for today’s forex newsletter
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
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