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 below 104.60
Downside Targets Looks 104.20—104.00
Stop loss above 105.00
XAUUSD
( yesterday given buy above $2350, hope you have made a good profit)
Sell below $2350
Downside Target Looks $2335—$2320
Stop-loss above $2365
XAGUSD
( yesterday given buy around $30.20, hope you have made a good profit)
Buy above $30.45
Upside Target Looks $30.70—$40.00
Stop-loss below $30.19
COPPER
( yesterday given buy around 4.4900, hope you have made a good profit)
Buy above 4.5550
Upside Target Look 4.5980
Stop Loss below 4.5120
CRUDE OIL (WTI
Buy around $83.30
upside Target $84.00–$84.50
Stop-loss below $82.80
NASDAQ
( yesterday given buy above 20250, hope you have made a good profit. First target done)
Buy around 20400
Upside Target Looks 20600
Stop-loss below – 20200
S&P 500 E-Mini
( yesterday given buy around 5560, hope you have made a good profit. target done)
Buy around 5590
Stop loss below 5550
Upside Target Looks 5620
TOP PICK-EURUSD
Buy around $1.07950
Stop loss below $1.07800
Upside Target Looks $1.08100—$1.0825
Markets Unfazed by US Independence Day, Focus on Economic Policy
As the US celebrates its independence, markets are not reacting strongly to political speculation, with investors primarily concerned about the probabilities of economic policy changes. The UK’s general election is seen as demonstrating the stability of its democratic process under a constitutional monarchy.
The Fed minutes suggest a desire for more evidence of cooling inflation before cutting rates, frustrating some economists who point to below-target inflation and deflation in many US sectors. Markets expect two more ECB rate cuts this year, following inflation lower, despite weaker-than-expected German factory orders.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read : Are Gold Prices Set to Sparkle with the Fed’s Rate Cuts? Economic News: All Eyes on the UK Election
Recommended Read : GDP : Is it an important aspect that you should focus on?
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