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

2024-08-15 4491

(fxcue news) - The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by much more than expected in the month of July. The report said retail sales jumped by 1.0 percent in July after edging down by a revised 0.2 percent in June. Economists had expected retail sales to rise by 0.3 percent compared to the unchanged reading originally reported for the previous month. Excluding a surge in sales by motor vehicle and parts dealers, retail sales rose by 0.4 percent in July after climbing by 0.8 percent in June. Ex-auto sales were expected to inch up by 0.1 percent.

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

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.

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

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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