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(fxcue news) - Indian shares ended modestly higher on Thursday, giving up some early gains as investors awaited cues from U.S. PMI and initial jobless claims figures as well as Fed Chair Powell's Friday speech at the Jackson Hole Symposium. Underlying sentiment remained supported by a continued fall in oil prices and dovish minutes from the Federal Reserve meeting. The July Fed meeting minutes showed 'vast majority' of policymakers thought move to lower borrowing costs was 'appropriate' if data continued to come in as expected. Also, new data showed on Wednesday that U.S. job growth during much of the past year was significantly weaker than initially estimated, raising concerns the world's largest economy is slowing and the Fed has waited too long to cut interest rates. Markets are currently pricing in a 100 percent probability of a September cut, but there is divided opinion on the quantum of the cut. The 30-share BSE Sensex ended at 81,053, up 148 points, or 0.18 percent from its previous close, while the broader NSE index closed 41 points, or 0.17 percent, higher at 24,812. Grasim topped the gainers list to close 2.7 percent higher while Tata Steel, Apollo Hospitals Enterprise, Bharti Airtel and Tata Consumer Products climbed 1-2 percent. On the losing side, Dr Reddy's Laboratories, Mahindra & Mahindra, Tata Motors, NTPC and Wipro all fell over 1 percent.

Sensex

Pound Rises As Traders Await Fed Powell

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Australian Market Notably Lower

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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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Sensex

Pound Rises As Traders Await Fed Powell

Sensex

BoE Governor Bailey 'Cautiously Optimistic' Inflation Pressures Easing

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

Australian Market Notably Lower

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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