The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY
Dollar Index
Sell on rise around 103.20
Downside Targets Looks 102.80—102.50
Stop loss above 103.60
XAUUSD
Sell below 2410
Downside Target Looks $2400—$2390
Stop-loss above $2420
XAGUSD
Sell on rise around $27.35
Downside Targets Looks $27.20—27.00
Stop loss above $27.50
COPPER (HG1)
(Yesterday given buy above 4.1825, Both target done. Hope you have booked the profit)
Sell below $3.9650
Downside Target Look $3.8900–3.8700
Stop Loss above $4.1100
USOIL (WTI)
(yesterday given sll below $77.70, hope you have booked the profit, both target done)
Sell around $73.00
Downside Target looks $71.50—$70.00
Stop-loss above $74.50
NASDAQ
Buy above 18400
Upside Target Looks 18700—18900
Stop-loss Below 18100
S&P 500 E-Mini
(Yesterday given Buy around 5540, First target done. Hope you have booked the profit)
Sell below 5527
Stop loss Above 5300
Downside Target Looks 5180—5100
TOP PICK-
CADCHF
Buy above $1.09566
Stop loss below $1.09200
Upside Target Looks $1.09900
Gold and silver prices are down in midday U.S. trading, with December gold falling $21.60 to $2,448.30 and September silver dropping $0.972 to $27.42. Gold hit a two-week low and silver a three-month low as global stock markets plunged, spurred by a liquidity crunch from unwinding Japanese yen carry trades. This market turmoil, coupled with recent weak U.S. economic data and recession fears, has overshadowed safe-haven demand for the metals. Despite some bargain hunting providing minor support, the overall market anxiety has led to a broader liquidation, impacting precious metal prices.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: Economic News: US Trade & Aussie Monetary Policy Spotlight, China Inflation, Bank of Australia in Focus this week
Recommended Read: MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]
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