Canadian Market Modestly Higherfxcue.com

(fxcue news) - The Canadian market is up in positive territory Monday afternoon with energy and materials shares recording strong gains thanks to higher commodity prices. The mood remains a bit cautious amid concerns about geopolitical tensions, and uncertainty about the Federal Reserve's monetary policy moves. The benchmark S&P/TSX Composite Index was up 95.46 points or 0.38% at 24,986.14 a little while ago. The Materials Capped Index is up 2.3%. Oceanagold Corp (OGC.TO), Orla Mining (OLA.TO), Wesdome Gold Mines (WDO.TO) and Iamgold Corp (IMG.TO) are up 6 to 7.3%. Silvercrest Metals (SIL.TO), Pan American Silver Corp (PAAS.TO), Kinross Gold Corp (K.TO), K92 Mining (KNT.TO), Calibre Mining (CXB.TO), Eldorado Gold (ELD.TO) and MAG Silver Corp (MAG.TO) are gaining 4 to 5.4%. The Energy Capped Index is up 1.2%. Birchcliff Energy (BIR.TO), Tamarack Valley Energy (TVE.TO), Vermilion Energy (VET.TO), Headwater Exploration (HWX.TO), Arc Resources (ARX.TO) and Whitecap Resources (WCP.TO) are up 2 to 3.4%. Consumer staples stocks Loblaw (L.TO), George Weston (WN.TO), Empire Company (EMP.A.TO), Alimentation Couche-Tard (ATD.TO) and The North West Company (NWC.TO) are down 1 to 2%. Data from Canada Mortgage & Housing Corporation showed housing starts in Canada increased by 7.8% month-over-month to 240,761 units in October, the highest level in three months.

Canadian Market Modestly Higher

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Canadian Market Modestly Higher

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Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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Canadian Market Modestly Higher

Yen Retreats Against Majors

European Shares Poised To Open On Firm Note

Asian Shares Mixed; Nikkei Underperforms After BoJ Ueda's Comments

BoJ Chief Says Future Rate Decisions Will Be Data Dependent

Japan Core Machinery Order Data Due On Monday

Dollar Slips Against Major Counterparts

Canadian Market Modestly Higher

New Zealand Performance Of Services Index Improves To 46.0 - BusinessNZ

Please sign in

Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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