FTSE 100 Marginally Higher In Cautious Tradefxcue.com

(fxcue news) - U.K. stocks were marginally higher on Wednesday amid signs of easing Middle East tensions and growing expectations of a Fed rate cut in September. In economic releases. U.K. government borrowing in July exceeded the official estimate and also hit the highest for the month since 2021 due to the increase in public spending, data from the Office for National Statistics showed. Public sector net borrowing increased GBP 1.8 billion from the previous year to GBP 3.1 billion in July. This was the highest July borrowing since 2021. The benchmark FTSE 100 was up 12 points, or 0.1 percent, at 8,285 after losing 1 percent on Tuesday. Miners traded higher after Shanghai aluminum futures scaled a five-week high, supported by tightness in raw materials supply. Anglo American rose 1.3 percent and Glencore added 0.8 percent. Costain Group jumped 4 percent after the engineering firm announced robust first-half results and unveiled a £10m share buyback program. Housebuilder Barratt Developments edged up slightly. The Competition and Markets Authority (CMA) has hinted measures proposed by Barratt and Redrow to alleviate the regulator's local competition concerns are likely to be accepted.

FTSE 100 Marginally Higher In Cautious Trade

UK Government Borrowing Overshoots Estimate

FTSE 100 Marginally Higher In Cautious Trade

U.S. Dollar Extends Slide Ahead Of U.S. Payrolls Data

CAC 40 Modestly Higher As Investors Await Clues On US Rate Cuts

Asian Shares End Choppy Session Mixed

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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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FTSE 100 Marginally Higher In Cautious Trade

UK Government Borrowing Overshoots Estimate

FTSE 100 Marginally Higher In Cautious Trade

U.S. Dollar Extends Slide Ahead Of U.S. Payrolls Data

CAC 40 Modestly Higher As Investors Await Clues On US Rate Cuts

Asian Shares End Choppy Session Mixed

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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