FTSE 100 Rises On Strong PMI Datafxcue.com

(fxcue news) - U.K. stocks rose slightly on Thursday after Britain's private sector companies reported their strongest growth in four months alongside cooling price pressures. The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) rose to 52.5 in August from 52.1 in July. Sentiment was also underpinned after minutes of the U.S. Federal Reserve meeting opened the door for an interest rate cut at the September policy meeting. The benchmark FTSE 100 was up24 points, or 0.3 percent, at 8,308 after closing 0.1 percent higher on Wednesday. In corporate news, JD Sports Fashion surged 6.2 percent after the sportswear retailer reported an improvement in second-quarter underlying sales, driven by surging revenues in the U.S. and Europe. Energy giants BP Plc and Shell both dropped around half a percent as oil extended losses for a fifth straight session on demand concerns. Bank of Georgia gained nearly 1 percent after it unveiled a £21m share buyback program. Recruiter Hays rallied 2.3 percent despite full-year pre-tax profit plunging 91 percent as a result of "increasingly challenging" market conditions.

FTSE 100 Rises On Strong PMI Data

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EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Tags

FTSE 100 Rises On Strong PMI Data

Sensex

U.S. Dollar Regains Ground Following Recent Weakness

ECB Policymakers Focused On September Meet To Discuss Rate Cut

Asian Markets Track Wall Street Lower

Sensex

BJ's Wholesale Q2 Results Top Estimates; Reaffirms FY24 Outlook

FTSE 100 Rises On Strong PMI Data

BoE Governor Bailey 'Cautiously Optimistic' Inflation Pressures Easing

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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