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 on rise above $103.00
Downside Targets Looks $102.700—$102.500
Stop loss above $103.30
XAUUSD
Buy around $2450
Upside Target Looks $2470—$2500
Stop-loss below $2430
XAGUSD
Buy on dip around $27.50
Upside Targets Looks $28.00—$28.40
Stop loss below $27.00
COPPER
(HG1) (yesterday given Buy around $4.0460, First target done. Hope you have made a good profit)
Buy above $4.0600
Upside Target Look $4.0900
Stop Loss below $4.0300
USOIL
(WTI) (Yesterday, we have given Buy around $77.730, both target done. Hope you have made a good profit)
Buy above $80.20
Upside Target looks $81.20—$82.00
Stop-loss below $79.20
NASDAQ
(Friday, we have given buy above 18500, First target done. Hope you have made a good profit)
Buy above 18700
Upside Target Looks 18900—19000
Stop-loss Below 18500
S&P 500 E-Mini
(Friday, we have given buy around 5330, target done. Hope you have made a good profit)
Buy around 5330
Stop loss below 5300
Upside Target Looks 5370—5400
TOP PICK- (yesterday, we have given buy around $1.27800, Target done. Hope you have made a good profit)
GBPUSD
Buy around $1.27900
Stop loss below $1.27500
Upside Target Looks $1.28200
The U.S. dollar’s share of global reserves has fallen from 72% in 2002 to 58% in 2024, reflecting a gradual decline in its dominance. The BRICS nations, particularly China, are pushing to use national currencies for trade, challenging the dollar’s status. China’s expansion of its Cross-Border Interbank Payment System (CIPS) further strengthens this trend. Despite these shifts, the dollar remains the dominant global reserve currency. However, the growing influence of BRICS and economic challenges in China could reshape the global financial landscape over time.
Happy Trading!
Commodity Samachar
Learn and Trade with Ease
Also Read: US PPI, UK job numbers to focus today “Market Holds Its Breath: A Battle Between Bulls and Bears”
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