UK Economic Optimism Dips: Forex Focus on Taxes & Rules

The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, GBPUSD

DXY

Buy above 101.00
Upside target look 101.650
Stop loss below 100.350

XAUUSD

Sell on rise around 2660
down side target look Again 2640–2620
Stop loss above 2680

XAGUSD

Sell on rise around 31.50
Downside target look again 31.20–30.90
Stop loss above 31.80

COPPER (HG1)

Sell on rise around 4.6000
Downside Targets Looks 4.5600–4.5200
Stop loss above 4.6400

USOIL

Sell on rise around 68.30
Downside target look 67.30
Stop loss above 69.30

NASDAQ

( Yesterday given NASDAQ Sell on rise around 20250 Almost Target done)

Sell on rise around 20350
Down side target look 20150
Stop loss above 20550

S&P 500 E-Mini

( Yesterday given S&P 500 E-Mini Sell on rise around 5800 All Target done)

Sell below 5800
Downside target look 5780
Stop loss above 5820

EURCAD

Sell below 1.49000
Downside target look 1.44000
Stop loss above 1.55000

Business leaders’ confidence in the UK economy has plummeted, driven by fears of impending tax hikes and regulatory changes under the Labour government. The Institute of Directors’ latest survey shows a sharp decline in investment intentions, raising concerns over future economic growth and recovery prospects.

Happy Trading!

Commodity Samachar Securities
We Decode the Language of the Markets

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