European Shares Rally After Fed's Jumbo Rate Cutfxcue.com

(fxcue news) - European stocks advanced on Thursday after the U.S. Federal Reserve slashed its key rate by 50 basis points and signaled further easing, raising hopes of a soft landing for the world's largest economy. The Bank of England's monetary policy announcement is due at 7.00 AM ET and the central bank is expected to refrain from cutting rates, given the unsupportive economic landscape. The focus will be on the pace of quantitative tightening program. The bank could unveil another GBP 100 billion reduction in gilt holdings over the coming twelve months. The pan European STOXX 600 jumped 1 percent to 519.62 after falling half a percent on Wednesday. The German DAX climbed 0.9 percent, France's CAC 40 surged 1.5 percent and the U.K.'s FTSE 100 added 1 percent. Higher base metal prices boosted miners, with Anglo American, Antofagasta and Glencore rallying 3-4 percent. British clothing retailer Next jumped 2.2 percent after raising its annual profit forecast. Online grocer Ocado soared 7.2 percent after upgrading its revenue guidance. Close Brothers rose more than 1 percent after the merchant banking group agreed to sell its wealth management unit, Close Brothers Asset Management (CBAM), to a private equity firm. Automakers Renault, Volkswagen and Mercedes Benz were up 1-3 percent despite Europe's new car registrations posting a steep decline in August. New car sales decreased 18.3 percent on a yearly basis with negative results across all four major markets, largely due to the notable decrease in electric car sales, according to data from the European Automobile Manufacturers' Association.

European Shares Rally After Fed's Jumbo Rate Cut

Commodity Currencies Rise As Asian Shares Traded Higher Amid Fed Rate Cuts

Amazon Offers Wage Hike

Sensex

Norway Central Bank Keeps Rate Unchanged As Expected

Australian Market Slightly Higher

European Shares Rally After Fed's Jumbo Rate Cut

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12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

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

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European Shares Rally After Fed's Jumbo Rate Cut

Commodity Currencies Rise As Asian Shares Traded Higher Amid Fed Rate Cuts

Amazon Offers Wage Hike

Sensex

Norway Central Bank Keeps Rate Unchanged As Expected

Australian Market Slightly Higher

European Shares Rally After Fed's Jumbo Rate Cut

Please sign in

Trader

12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

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

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