The Forex newsletter for the day is here. Fed Sees Inflation Not the Only Risk, Signals Potential Rate Cuts Ahead, Without further adieu, let’s dive in!
Dollar Index
Buy above 105.140
Upside Targets Looks 105.500/105.800
Stop loss below 104.700
XAUUSD
(Yesterday given Buy around $2324, hope you have made a good profit)
Sell around $2345
Downside Target Looks $2320—$2300
Stop-loss above $2370
XAGUSD
Sell around 29.55
Downside Target Looks $29.30—$29.10
Stop-loss above $29.70
COPPER
(yesterday given Sell below $4.8000, First target done, hope you have made a good profit)
Sell around $4.4400
Downside Target Look $4.4100—$4.3800
Stop Loss above 4.4700
CRUDE OIL (WTI)
Buy around $80.60
upside Target $81.20—$82.00
Stop-loss below $80.00
NASDAQ
Sell below 19700
Downside Target Looks 19400—19200
Stop-loss above – 20000
S&P 500 E-Mini
Sell below 5510
Stop loss above 5560
Downside Target Looks 5460—5400
TOP PICK-CADCHF
Buy around 0.6540
Stop loss below 0.6520
Upside Target Looks 0.6560—0.6580
Fed Sees Inflation Not the Only Risk, Signals Potential Rate Cuts Ahead
The Federal Reserve officials, including Goolsbee and Daly, have indicated that inflation is not the sole concern, as they also monitor signs of economic slowdown and potential rise in unemployment. This has raised the possibility of the Fed considering interest rate cuts in the coming months if the economic conditions warrant it
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: Will Natural Gas Recover From Current Levels? Economic News: Japan, Canada CPI, US Buyer Sentiment Focus
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