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Forex Newsletter :Pound Sterling Edges Lower Ahead of BoE Decision


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

Dollar Index

(Yesterday given Buy above 104.900, target almost done.)

Buy around 105.00
Upside Targets Looks 105.30/105.50
Stop loss below 104.700

XAUUSD

(CMP 2328.72)
(yesterday given Buy above $2329, both target done, hope you have made a good profit)

Buy around $2332
upside Target Looks $2342/$2352
Stop-loss below $2323

XAGUSD


(yesterday given Buy around $29.70, full target done, hope you have made a good profit)

Buy around $29.70
Upside Target Looks $30.50—$31.00
Stop-loss below $29.00

COPPER

Buy above $4.5400
Upside Target Look $4.6200/$4.6300
Stop Loss below $4.4700

CRUDE OIL (WTI)

Buy above $80.82
upside Target $81.30—$81.80
Stop-loss below $80.30

NASDAQ

(Yesterday given Buy around 20235, first target done, hope you have made a good profit)

Buy on dip around 20250 (CMP 20320)
Upside Target Looks 20350/20400
Stop-loss below – 20150

S&P 500 E-Mini

Buy around 5580
Stop loss below 5560
Upside Target Looks 5610/5640

TOP PICK-EURTRY

(CADJPY- Yesterday (Top Pick) we have recommend to Buy around $115.100, first target done, hope you have made a good profit)

Buy around $35.09100
Stop Loss below $34.800
Target- $35.200/$35.400

Pound Sterling Edges Lower Ahead of BoE Decision

The Pound Sterling (GBP) trades marginally lower on Thursday, just above the 1.2700 mark against the US Dollar (USD), ahead of the Bank of England (BoE) policy meeting. The market consensus is for no rate cuts and a 7-2 split in the voting, with 2 favoring a cut.

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read : Gold Price Surges? BOE & Swiss Bank Policies in Focus Today Pound Surprising Response to BOE Decision: What Happened?

Recommended Read : Going ‘All In’ for ‘Made in India’: What’s the Buzz Among American Consumers ?

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