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CAC 40 Gains After Strong PMI Data

2024-08-14 4306

(fxcue news) - French stocks advanced on Thursday as a survey showed France's private sector expanded in August for the first time since April, driven by the upturn in services activity. The composite output index rose to 52.7 in August from 49.1 in July, according to flash survey results from S&P Global. The score was forecast to remain unchanged at 49.1. This was the first time since April that the index has posted above the 50.0 threshold and also suggested the strongest expansion since March 2023. The services Purchasing Managers' Index hit a 27-month high of 55.0 compared to 50.1 in July while the manufacturing PMI declined unexpectedly to an eight-month low of 42.1 from 44.0 a month ago. Meanwhile, dovish Fed minutes and downward revisions to U.S. job growth also reinforced investor expectations of a rate cut by the Federal Reserve in September. The benchmark CAC 40 was up 29 points, or 0.4 percent, at 7,554 after rising half a percent the previous day.

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CAC 40 Gains After Strong PMI Data

European Stocks Close Higher On Fed Rate Cut Hopes

France Private Sector Recovers On Services Activity

Bank Of Korea Keeps Interest Rate At 15-Year High

Swiss Re Stock Gains As H1 Profit Climbs

CAC 40 Gains After Strong PMI Data

Asian Shares Mostly Higher As Investors Await Powell's Speech

Will the price of gold continue to rise? Follow Powell's speech on Friday

DAX Edges Higher On Dovish Fed Expectations

Please sign in

Trader

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

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CAC 40 Gains After Strong PMI Data

European Stocks Close Higher On Fed Rate Cut Hopes

France Private Sector Recovers On Services Activity

Bank Of Korea Keeps Interest Rate At 15-Year High

Swiss Re Stock Gains As H1 Profit Climbs

CAC 40 Gains After Strong PMI Data

Asian Shares Mostly Higher As Investors Await Powell's Speech

Will the price of gold continue to rise? Follow Powell's speech on Friday

DAX Edges Higher On Dovish Fed Expectations

Please sign in

Trader

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

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