The forex newsletter for the day is here. Without further adieu, let’s dive in!
Dollar Index
Sell below 104.20
Downside Targets Looks 103.50–103
Stop loss Above 104.50
XAUUSD
Buy above $2350
Upside Target Looks $2360 —$2375
Stop-loss below $2340
(Yesterday we recommend Buy above $2348
1st target almost Achieved $2360 )
XAGUSD
Buy above $32.22
Upside Target Looks $33 —$34
Stop-loss below $31.40
(Yesterday we recommend Buy above $31.00
1st target Achieved $32 )
COPPER
Buy above $4.86
Upside Targets Look $4.92—$5.00
Stop Loss below $4.78
(Yesterday we recommend Buy above $4.86
1st target almost Achieved $92 )
CRUDE OIL (WTI)
Crude Oil is Trading Around $78.80!!
Buy around $ 79.50
Up side Target $81–$82
Stop-loss Below $78
NASDAQ
Buy above 18900
Upside Target Looks 19100–19300
Stop-loss Below-18700
S&P 500 E-Mini
sell above 5310
Stop loss below 5250
Up side side Target Looks 5375 / 5430
TOP PICK-GBPCAD
Buy above 1.7440 Stop Loss below 1.7410 Target- 1.7470
(Yesterday we recommend USDCAD Buy above 1.3632
target Achieved 1.3655 )
Forex News in Focus:
Gold holds steady amid focus on U.S. inflation and rates; copper awaits China cues. Steady gold prices despite dollar and Treasury yield gains.
Fed’s hawkish stance weighs on metal markets. Platinum, silver outperform gold; copper steadies below record highs. China’s stimulus measures fail to lift copper as traders await execution details. Key economic cues awaited from China’s PMI data.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: Germany’s preliminary CPI m/m is in focus today.
Recommended Read: Breaking Down 5 Technical Analysis Myths: Let’s Get the Facts Straight!
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