European Economic News Preview: UK GDP Data Duefxcue.com

(fxcue news) - Gross domestic product data from the UK is the major economic report due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to publish UK GDP data for the second quarter and industrial output and foreign trade figures for June. The economy is expected to grow 0.6 percent sequentially after rising 0.7 percent in the prior quarter. The UK visible trade deficit is expected to narrow to GBP 16 billion in June from GBP 17.9 billion in May. Economists forecast industrial output to grow 0.1 percent on month, following a 0.2 percent in May. At 2.30 am ET, producer and import prices are due from Switzerland. Economists forecast producer and import prices to fall 1.7 percent on year, after easing 1.9 percent in June. At 4.00 am ET, Norway's central bank announces its monetary policy decision. The bank is widely expected to hold the benchmark rate at 4.5 percent. At 8.00 am ET, the National Institute of Economic and Social Research releases UK monthly GDP tracker for July.

European Economic News Preview: UK GDP Data Due

Japanese Market Notably Higher

Sensex

Asian Markets Track Wall Street Higher

U.S. Retail Sales Jump Much More Than Expected In July

European Economic News Preview: UK GDP Data Due

New York Manufacturing Index Inches Higher But Remains Negative In August

U.S. Weekly Jobless Claims Unexpectedly Dip To 227

Philly Fed Index Unexpectedly Turns Negative In August

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

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.

Tags

European Economic News Preview: UK GDP Data Due

Japanese Market Notably Higher

Sensex

Asian Markets Track Wall Street Higher

U.S. Retail Sales Jump Much More Than Expected In July

European Economic News Preview: UK GDP Data Due

New York Manufacturing Index Inches Higher But Remains Negative In August

U.S. Weekly Jobless Claims Unexpectedly Dip To 227

Philly Fed Index Unexpectedly Turns Negative In August

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

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.

Tags

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