Canadian Market Up Slightly In Cautious Tradefxcue.com

(fxcue news) - The Canadian market is roughly flat Tuesday afternoon with investors awaiting some key economic data, and largely refraining from making significant moves. The benchmark S&P/TSX Composite Index is up 8.95 points or 0.04% at 21,884.74. Onex Corporation (ONEX.TO) is gaining 4.5%. Kinaxis Inc (KXS.TO) is up 3.2% and Descartes Systems Group (DSG.TO) is up 2.75%. Celestica Inc (CLS.TO), George Weston (WN.TO), CGI Inc (GIB.A.TO), FirstService Corporation (FSV.TO), Constellation Software (CSU.TO) and Dollarama Inc (DOL.TO) are up 1.2 to 2.2%. Aecon Group Inc (ARE.TO) is plunging nearly 16%. Analysts at BMO Capital Markets have downgraded the construction company's stock, warning of a "cash flow drag" extending into the next year. BCE Inc (BCE.TO), Rogers Communications (RCI.B.TO), Emera Incorporated (EMA.TO), Colliers International (CIGI.TO), Nutrien (NTR.TO), Restaurant Brands International (QSR.TO), West Fraser Timber (WFG.TO) and CCL Industries (CCL.B.TO) are down 1.7 to 3.3%. On the economic front, the S&P Global Canada Manufacturing PMI held steady at 49.3 in June 2024, unchanged from May, marking the fourteenth consecutive month of contraction in factory activity.

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Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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Canadian Market Up Slightly In Cautious Trade

U.S. Private Sector Employment Climbs By 150

Thai Shares Due For Support On Wednesday

Canadian Market Up Slightly In Cautious Trade

China Services PMI Slows In June - Caixin

Swiss Market Ends On Weak Note

Eurozone Private Sector Growth Cools To 3-Month Low

U.S. Dollar Drops As Powell Signals Progress On Softening Of Price Pressures

U.S. Stocks Turning In Mixed Performance; Tesla Soars After Reporting Sales Data

Please sign in

Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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