UK Construction Expands For Fourth Straight Monthfxcue.com

(fxcue news) - The UK construction sector remained in the growth territory for the fourth straight month in June but the pace of expansion softened amid a renewed fall in housing activity, survey data from S&P Global showed on Thursday. The headline construction Purchasing Managers' Index posted 52.2 in June, down from 54.7 in May. A reading above 50.0 signals expansion. The score was seen at 53.6. The main driver of growth continued to come from commercial activity. That said, the pace of expansion weakened from May's two-year high. Civil engineering activity posted a slower increase. The only category to post a contraction was housing, where output shrank notably after posting the first growth in 19 months in May. The expansion in overall construction activity reflected the rise in new orders. The pace of growth was only moderate and the slowest since February as the general election had raised uncertainty. Construction firms took additional staff for the second straight month. Moreover, the rate of job creation was the sharpest since August last year. Companies lifted purchasing activity with rising new orders. There remained little sign of pressure on supply chains with vendor delivery times shortening for the sixteenth consecutive month. On the price front, the survey showed that input price inflation ticked higher amid rising costs for some raw materials but remained well below the series average. Sub-contractor rates increased moderately and at the weakest pace in four months. Optimism regarding the twelve-month outlook improved in June amid expectations that interest rates will start to come down.

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Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

Spot silver can be bought long at the position of 30.2 today, with a stop loss set at 30. The target is first to look at 30.5 and 30.7, and if a break can be achieved, the target can be further focused on 30.9 and 31.2.

Spot gold trading recommendation for today's operation is to short one near 2650-2648, with a stop loss of 2656 and a target of 2640-2635. Buy one more time on the first retracement of 2620-2622, stop loss at 2615, target around 2635-2645.

Profit from gold trading

Profit from selling foreign exchange gold orders

Sell directly near gold 2630, targeting 2616-2608-2598; If sold in batches at four o'clock on 2633, 2637, 2642, and 2650; If it is given around 2616, 2608, and 2598 for the first time, it can be bought;

Gold intraday strategy: Buy near 2626-2629 Stop loss 2620 Target 2645

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UK Construction Expands For Fourth Straight Month

FTSE 100 Rises As Voting Begins

European Shares Climb As Focus Shifts To Elections

European Shares Inch Higher With UK And French Elections In Focus

CAC 40 Gains On Election Outcome Optimism; Banks Lead Gainers

KOSPI Poised To Crack Resistance At 2

UK Construction Expands For Fourth Straight Month

Australia Trade Data On Tap For Thursday

Sensex

Please sign in

Trader

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

Spot silver can be bought long at the position of 30.2 today, with a stop loss set at 30. The target is first to look at 30.5 and 30.7, and if a break can be achieved, the target can be further focused on 30.9 and 31.2.

Spot gold trading recommendation for today's operation is to short one near 2650-2648, with a stop loss of 2656 and a target of 2640-2635. Buy one more time on the first retracement of 2620-2622, stop loss at 2615, target around 2635-2645.

Profit from gold trading

Profit from selling foreign exchange gold orders

Sell directly near gold 2630, targeting 2616-2608-2598; If sold in batches at four o'clock on 2633, 2637, 2642, and 2650; If it is given around 2616, 2608, and 2598 for the first time, it can be bought;

Gold intraday strategy: Buy near 2626-2629 Stop loss 2620 Target 2645

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