The Forex newsletter for the day is here. Dollar Index, XAUUSD, XAGUSD, Copper, Crude Oil, NASDAQ, S&P 500 E-Mini, GBPUSD
DXY
(Friday given Sell below $100.50, First target done. Hope You have made a good profit)
Sell on rise around $100.700
Downside Targets Looks $100.50—$100.00
Stop loss above $101.00
XAUUSD
Buy on dip around $2575
Upside Target Looks $2590—$2620
Stop-loss below $2562
XAGUSD
Buy on dip around $30.50
Upside Targets Looks $31.00—$32.00
Stop loss below $30.20
COPPER (HG1)
(yesterday given Buy on dip around $4.1800, Target done. Hope you have made a good profit)
Buy above $4.2300
Upside Target Look $4.2800—$4.3300
Stop Loss below $4.1800
USOIL (WTI)
Buy above $70.30
Upside Target looks $72.00—$74.00
Stop-loss below $69.00
NASDAQ
(Yesterday, given Buy above 19350, can book profit around 19450.)
Buy on dip around 19400
Upside Target Looks 19600—19800
Stop-loss below 19180
S&P 500 E-Mini
(Yesterday given Buy around 5610, First target done. Hope you have booked a profit)
Buy around 5630
Stop loss below 5590
Upside Target Looks 5660
TOP PICK-
GBPUSD
Buy around $1.3190
Stop loss below $1.3150
Upside Target Looks $1.3230
The yen surged to its highest level in over a year amid expectations of a significant Federal Reserve rate cut. Falling U.S. Treasury yields have weakened the dollar, while the Bank of Japan’s upcoming policy decision adds further market interest in the USD/JPY pair.
Happy Trading!
Commodity Samachar Securities
We Decode the Language of the Markets
Also Read: Spotlight: Copper Jumps 2%-Will Central Bank Policies Impact? Will This Week’s Economic News Jolt the Markets?
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