Pound Jumps On Bets Of Aggressive Fed Rate Cutfxcue.com

(fxcue news) - The pound climbed against its major counterparts in the New York session on Monday, as investors raised their bets of a more aggressive Federal Reserve rate cut at the monetary policy meeting starting on Tuesday. The Fed is all set to announce its first interest rate cut for more than four years on Wednesday. However, expectations for a half-point cut rose to 60 percent from 52 percent last week. The Bank of England is expected to leave rates on hold at 5.00 percent on Thursday and investors would be watching for a decision over the pace of its bond sales. Data from the property website Rightmove showed that UK house prices increased in September as the traditionally busier Autumn market started early after the Bank of England's interest rate cut lowered mortgage rates and the election results boosted confidence. House prices grew 0.8 percent on a monthly basis in September, in contrast to the 1.5 percent decrease in August. The pound touched 1.3214 against the greenback and 0.8421 against the euro, setting 10-day highs. The currency is likely to locate resistance around 1.35 against the greenback and 0.82 against the euro. The pound edged up to 1.1164 against the franc and 185.91 against the yen, from an early low of 1.1117 and a 5-day low of 183.77, respectively. The currency is seen finding resistance around 1.13 against the franc and 193.00 against the yen.

Pound Jumps On Bets Of Aggressive Fed Rate Cut

Pound Jumps On Bets Of Aggressive Fed Rate Cut

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Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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Pound Jumps On Bets Of Aggressive Fed Rate Cut

Pound Jumps On Bets Of Aggressive Fed Rate Cut

Sensex

Australian Market Modestly Higher

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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