TSX Snaps 3-day Losing Streakfxcue.com

(fxcue news) - After posting losses in the previous three sessions, the Canadian market closed on a firm note on Monday, as investors picked up stocks amid hopes the Bank of Canada will reduce interest rates on Wednesday. The Canadian central bank, which is scheduled to announce its monetary policy on Wednesday, is widely expected to ccut its overnight interest rate by 25 basis points to 4.5%. Healthcare, real estate, consumer discretionary, utilities and industrials shares were among the major gainers in the session. Several stocks from technology, financials and energy sectors also ended on a firm note. The benchmark S&P/TSX Composite Index ended the session with a gain of 182.26 points or 0.8% at 22,872.65, about 20 points off the day's high of 22,892.33. Canopy Growth Corporation (WEED.TO) soared nearly 17% on huge volumes. Bitfarms (BITF.TO), TC Energy Corporation (TRP.TO), Canadian Imperial Bank of Commerce (CM.TO) and Manulife Financial Corporation (MFC.TO) also posted impressive gains on large volumes. Sleep Country Canada Holdings (ZZZ.TO) zoomed 27%. The U.S. dollar turned in a weak performance on Monday amid political uncertainty in the U.S. after President Joe Biden decided to drop out of the presidential race and endorsed his Vice President Kamala Harris as the Democratic candidate for the post. Bombardier Inc (BBD.B.TO), goeasy (GSY.TO), Dollarama Inc (DOL.TO), Intact Financial Corporation (IFC.TO), Thomson Reuters (TRI.TO), Canadian Tire Corporation (CTC.A.TO), Constellation Software (CSU.TO), WSP Global (WSP.TO), FirstService Corporation (FSV.TO) and Kinaxis Inc (KXS.TO) gained 1.5 to 2.5%.

TSX Snaps 3-day Losing Streak

DAX Rebounds As Markets Watch US Political Developments

CAC 40 Rebounds As China Cuts Interest Rates

Dollar Mostly Subdued

TSX Snaps 3-day Losing Streak

Sensex

Commodity Currencies Slide

European Shares Seen Opening Mixed Ahead Of Key Earnings

Asian Shares Decline As Biden Withdraws From Presidential Race

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Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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TSX Snaps 3-day Losing Streak

DAX Rebounds As Markets Watch US Political Developments

CAC 40 Rebounds As China Cuts Interest Rates

Dollar Mostly Subdued

TSX Snaps 3-day Losing Streak

Sensex

Commodity Currencies Slide

European Shares Seen Opening Mixed Ahead Of Key Earnings

Asian Shares Decline As Biden Withdraws From Presidential Race

Please sign in

Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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