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FTSE 100 Drifts Lower Ahead Of BoE Rate Decision

2024-12-16 2343

(fxcue news) - U.K. stocks fell sharply on Thursday after the U.S. Federal Reserve cut rates as expected and penciled in two more for 2025, fewer than four seen in September. Investors also braced for the Bank of England's last meeting of the year later in the day. The central bank is widely expected to hold rates at 4.75 percent after data showed a high rate of wage growth and inflation above the bank's 2 percent target. The benchmark FTSE 100 was down 90 points, or 1.10 percent, at 8,109 after finishing marginally higher the previous day. In corporate news, Serco Group shares jumped nearly 7 percent. The outsourcing giant Serco forecast full-year revenue of £4.8bn in line with its prior guidance.

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FTSE 100 Drifts Lower Ahead Of BoE Rate Decision

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FTSE 100 Drifts Lower Ahead Of BoE Rate Decision

TSX Ends Weak For 6th Straight Session

Mild Consolidation Anticipated For KOSPI

Dollar Rises On Upbeat Economic Data

Japan Bourse Expected To Extend Losing Streak

DAX Drifts Lower As Fed Flags Slower Rate Cuts

Renewed Selling Pressure Expected For South Korea Shares

FTSE 100 Drifts Lower Ahead Of BoE Rate Decision

New Zealand Has NZ$437 Million Trade Shortfall In November

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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 Drifts Lower Ahead Of BoE Rate Decision

TSX Ends Weak For 6th Straight Session

Mild Consolidation Anticipated For KOSPI

Dollar Rises On Upbeat Economic Data

Japan Bourse Expected To Extend Losing Streak

DAX Drifts Lower As Fed Flags Slower Rate Cuts

Renewed Selling Pressure Expected For South Korea Shares

FTSE 100 Drifts Lower Ahead Of BoE Rate Decision

New Zealand Has NZ$437 Million Trade Shortfall In November

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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