The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, USDJPY
Dollar Index
Buy above 103.90
upside Targets Looks 104.30
Stop loss below 103.50
XAUUSD
Buy around $2440
Upside Target Looks $2455—$2465
Stop-loss below $2425
XAGUSD
Buy around $30.90
Upside Target Looks $31.10–$31.30
Stop-loss below $30.60
COPPER
Buy above 4.5300
Upside Target Look 4.5600
Stop Loss below 4.4900
CRUDE OIL (WTI)
Sell on rise around $81.50
Downside Target $80.50—$79.00
Stop-loss above $82.50
NASDAQ
Buy around 20650
upside Target Looks 20800—21000
Stop-loss below – 20500
S&P 500 E-Mini
Buy around 5690
Stop loss below 5660
Upside Target Looks 5720
TOP PICK-EURJPY
Buy around $172.65
Stop loss below $172.00
Upside Target Looks $173.00—$174.00
Gold Soars as Powell Signals Rate Cuts Ahead
Powell’s statements suggest the Fed is growing more confident in its ability to tame inflation without significantly disrupting the labor market or triggering a recession. This shift in tone has bolstered investor sentiment towards gold, which is seen as a hedge against economic uncertainty
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: Today’s Focus Will Canadian CPI and US Sales Data Impact Markets? Crude oil price falls on worries about Chinese demand, US data in focus
Recommended Read : MCX Commodities Uncovered: The Must-Knows and Essential Insights [2024]
Want help on your Trades?
Chat with our Analyst