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Forex Newsletter: Fed’s Relief as Inflation Data Stabilizes



The forex newsletter for the day is here. Without further adieu, let’s dive in!

Dollar Index

Sell around 104.30
Down side Targets Looks 103.80—103.30
Stop loss above 104.80

XAUUSD

Sell below $2325
Down side Target Looks $2320—$2300
Stop-loss above $2345

XAGUSD

sell around $30.00
Downside Target Looks $29.50—$29.00
Stop-loss above $30.90

COPPER

sell below $4.52
Down side Target Look $4.35–$4.20
Stop Loss above $4.70

CRUDE OIL (WTI)

Crude Oil is Trading Around $73.50

Buy above $ 73.55
Up side Target $74.60—$75.00
Stop-loss Below $72.40

NASDAQ

Buy around 18800

Upside side Target Looks 18900 —19000
Stop-loss Below-18700

S&P 500 E-Mini

Buy above 5340
Stop loss above 5250
Upside Target Looks 5450—5550

TOP PICK- GBPUSD

Sell below 1.2760 Stop Loss above 1.2783 Target- 1.2740—1.2720

Also Read: USDCAD pair will on focus on interest rate cut expectations!, Key Market Movers: Bank of Canada’s Policy and US Service PMI in Spotlight!

Recommended Read: Breaking Down 5 Technical Analysis Myths: Let’s Get the Facts Straight!

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