Forex Newsletter : Pound Soars


Dollar Index

sell below 104.40
Downside Targets Looks 104.00
Stop loss above 105.00

XAUUSD

Buy above $2374
Downside Target Looks $2384—$2400
Stop-loss below $2365

XAGUSD


(yesterday given buy around $30.60, hope you have made a good profit, first target done)

Buy around $30.60
Upside Target Looks $30.80—$40.00
Stop-loss below $30.45

COPPER

Buy above 4.6400
Upside Target Look 4.6500–4.6600
Stop Loss below 4.6300

CRUDE OIL (WTI)


( yesterday given buy above 83.30, hope you have made a good profit, First target done)

Buy around $82.00
upside Target $83.00—$84.00
Stop-loss below $80.90

NASDAQ


( yesterday given buy around 20430, hope you have made a good profit. Both target done)

Buy around 20600
Upside Target Looks 20750—20900
Stop-loss below – 20400

S&P 500 E-Mini


( yesterday given buy around 20430, hope you have made a good profit. Both target done)

Buy around 5620
Stop loss below 5580
Upside Target Looks 5670

TOP PICK- AUDCAD


( AUDCAD- yesterday given buy around $0.91650, hope you have made a good profit. both target done)

Buy around $0.91900
Stop loss below $0.91400
Upside Target Looks $0.92400

Pound Soars as Starmer’s Victory Boosts Stability, Fed Rate Cut Bets Grow

  • Pound Sterling strengthens against US Dollar as Labour Party secures majority in UK election
  • Expectations for Fed rate cuts in September increase, pressuring US Dollar
  • Investors await UK GDP and US CPI data this week to gauge economic outlook

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

Also Read: Copper Price Hits Three-Week High: Is a Breakthrough on the Horizon?Nifty, Bank Nifty Extend Gains; Bulls Charge On

Recommended Read: GDP : Is it an important aspect that you should focus on?

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