Today’s forex newsletter looks quite interesting
DXY
Buy around 107.600
Stop loss below 107.450
Target 107.750–107.900
XAUUSD
Sell on rise around 2625
Stop loss above 2633
Taregt 2618–2610
XAGUSD
Sell below 29.30
Stop loss above 29.50
Target 29.10–28.90
USoil
Buy around 70.50
Stop loss below 70.10
Target 70.90–71.30
COPPER (HG1)
Sell around 4.1050
Stop loss above 4.1250
Target 4.0850–4.0650
NASDAQ
Sell around 21500
Stop loss above 21700
Target 21300–21100
S&P 500 E-Mini
Sell around 5980
Stop loss above 6020
Target 5940–5900
Top pick
USDCHF
Buy around 90400
Stop loss below 90100
Target 90700–91000
Forex Newsletter – EUR/USD extends its rally for the third day, trading around 1.0430. ECB’s Robert Holzmann suggested that inflationary pressures could delay further rate cuts. However, the pair’s upside remains capped by the Fed’s cautious stance on additional rate cuts, supporting the US Dollar.
Until then, Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: Forex Focus: Oil Prices Surge on China Recovery Hopes , Rupee Worst Day in 7 Months: Is Trump Trade to Blame?
Recommended Read: 2024 G20 Summit: Did It Deliver on Market Expectations?
Want Help On Your Trades ?
Chat with RM