European Economic News Preview: UK GDP & Foreign Trade Data Duefxcue.com

(fxcue news) - GDP and foreign trade data from the UK and final inflation from Germany are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The UK economy is forecast to grow 0.2 percent on month in May after remaining flat in April. Economists forecast industrial output to rebound 0.3 percent in May, in contrast to the 0.9 percent fall in the prior month. The visible trade deficit is seen at GBP 15.6 billion compared to -GBP19.6 billion in April. In the meantime, Destatis publishes Germany's final consumer and harmonized prices for June. The flash estimate showed that consumer price inflation softened to 2.2 percent from 2.4 percent in May. The statistical office is expected to confirm the preliminary estimate. At 6.00 am ET, Ireland's final consumer price data is due for June. At 8.00 am ET, the National Institute of Economic and Social Research publishes UK monthly GDP tracker for June.

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EURUSD trading, selling for profit

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.

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European Economic News Preview: UK GDP & Foreign Trade Data Due

Buckle July Comparable Store Net Sales Down 5.7% - Quick Facts

European Economic News Preview: UK GDP & Foreign Trade Data Due

Nuvalent Promotes Henry Pelish To Chief Scientific Officer

Sensex

Singapore Shares Due For Consolidation On Friday

China Trade Data Due On Friday

Citigroup Fined $136 Mln Over Internal Control Issues

KOSPI May Run Out Of Steam On Friday

Please sign in

Trader

EURUSD trading, selling for profit

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.

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