Swiss Market Ends Notably Lowerfxcue.com

(fxcue news) - The Switzerland market ended notably lower on Thursday due to sustained selling at several counters amid concerns about a slowdown in global economic growth. Data showing an increase in Swiss unemployment weighed as well. The benchmark SMI ended down 144.83 points or 1.19% at 12,031.34, the day's low. VAT Group dropped nearly 4%. Kuehne + Nagel ended down 3.1%. Straumann Holding, Givaudan, Novartis, ABB, Roche Holding, Richemont and Sika closed lower by 1.4 to 2.5%. Nestle, Lonza Group, Geberit, Lindt & Spruengli, Roche GS, UBS Group, Logitech International, Swatch Group, SGS and Alcon also ended notably lower. Sonova climbed about 1.15%. Swisscom and Swiss Life Holding gained 0.92% and 0.87%, respectively. Julius Baer, Swiss Re and Sandoz Group posted modest gains. On the economic front, Switzerland's unemployment rate increased slightly in August after remaining stable in the previous three months, the State Secretariat for Economic Affairs, or SECO, said. The unadjusted unemployment rate came in at 2.4% in August, up from 2.3% in July. In the corresponding month last year, the jobless rate was 2%. The youth unemployment rate, which is applied to the 15-24 age group, rose to 2.7% from 2.2% in July. Data also showed that the seasonally adjusted jobless rate remained stable at 2.5%.

Swiss Market Ends Notably Lower

Japan GDP Gains 0.7% In Q2

Soft Start Expected For Singapore Stock Market

Japan Has Y3.193 Trillion Current Account Surplus

Swiss Market Ends 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.

Tags

Swiss Market Ends Notably Lower

Japan GDP Gains 0.7% In Q2

Soft Start Expected For Singapore Stock Market

Japan Has Y3.193 Trillion Current Account Surplus

Swiss Market Ends 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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