Swiss Market Ends Higher For 2nd Straight Dayfxcue.com

(fxcue news) - The Switzerland market closed higher on Friday, tracking positive cues from other European markets amid hopes the Federal Reserve will cut interest rate next week, and possibly announce more reductions before the end of the year. The benchmark SMI, which moved between 12,022.46 and 12,077.91, ended with a modest gain of 54.94 points or 0.46% at 12,037.28. Straumann Holding climbed 3.78%. Lonza Group gained 2.25%, while Holcim and Partners Group, both ended higher by about 1.85%. UBS Group, VAT Group, Logitech International, Geberit and Julius Baer gained 1 to 1.55%. Roche GS gained about 1% following news that its subcutaneous anti-PD-(L)1 cancer immunotherapy Tecentriq Hybreza obtained approval from the US Food and Drug Administration. Richemont, Zurich Insurance and Sika all ended nearly 1% up. Lindt & Spruengli, Roche Holding, Swisscom and Swiss Re posted moderate gains. Kuehne + Nagel dropped about 2.2%. Alcon ended 1.65% down. Nestle, Novartis and SIG Group declined marginally.

Swiss Market Ends Higher For 2nd Straight Day

European Shares Set For Steady Start

Canadian Market Modestly Higher

European Stocks Close Higher On Fed Rate Cut Hopes

U.S. Dollar Falls Against Majors

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U.S. Dollar Extends Decline Against Majors

Swiss Market Ends Higher For 2nd Straight Day

Yen Rises Against Majors

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Trader

Buy long gold 26011, stop loss 2597, target 2620

Spot gold is expected to rebound to around or above 2615 and sell short, with a loss of 2623. In the short term, look below 2600 and target 2590-2585.

Spot silver trading: Short selling at 29.2 today, stop loss at 29.4, target at 28.75, drop below at 28.5 and 28.3

Spot gold trading: Short selling at 2617 today, stop loss at 2623, target at 2602 and 2595, below support at 2591 and 2582.

Today's short-term trading strategy for gold: rebound short selling as the main strategy, buy long as a supplement during a pullback. Focus on the resistance line of 2610-2613 in the short term above, and the support line of 2580-2583 in the short term below.

Gold 2630 short selling, stop loss 2640, target 2610.

Short term support for spot gold should first focus on the 2605-2600 area. If it approaches or touches the area for the first time, consider buying long in the short term. Radical investors can buy at 2610, followed by the 2590-2680 area.

Short term short selling near 2630-2635 is recommended for gold trading, with a stop loss of 2642 and a target below 2620-2610. Suggest buying long at 2613-2615, stop loss at 2608, target at 2625-2635;

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Swiss Market Ends Higher For 2nd Straight Day

European Shares Set For Steady Start

Canadian Market Modestly Higher

European Stocks Close Higher On Fed Rate Cut Hopes

U.S. Dollar Falls Against Majors

FDA Authorizes Apple's OTC Hearing Aid Software

U.S. Dollar Extends Decline Against Majors

Swiss Market Ends Higher For 2nd Straight Day

Yen Rises Against Majors

Please sign in

Trader

Buy long gold 26011, stop loss 2597, target 2620

Spot gold is expected to rebound to around or above 2615 and sell short, with a loss of 2623. In the short term, look below 2600 and target 2590-2585.

Spot silver trading: Short selling at 29.2 today, stop loss at 29.4, target at 28.75, drop below at 28.5 and 28.3

Spot gold trading: Short selling at 2617 today, stop loss at 2623, target at 2602 and 2595, below support at 2591 and 2582.

Today's short-term trading strategy for gold: rebound short selling as the main strategy, buy long as a supplement during a pullback. Focus on the resistance line of 2610-2613 in the short term above, and the support line of 2580-2583 in the short term below.

Gold 2630 short selling, stop loss 2640, target 2610.

Short term support for spot gold should first focus on the 2605-2600 area. If it approaches or touches the area for the first time, consider buying long in the short term. Radical investors can buy at 2610, followed by the 2590-2680 area.

Short term short selling near 2630-2635 is recommended for gold trading, with a stop loss of 2642 and a target below 2620-2610. Suggest buying long at 2613-2615, stop loss at 2608, target at 2625-2635;

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