German Investor Sentiment Plunges Further In Septemberfxcue.com

(fxcue news) - German investor confidence declined sharply again in September as hopes of swift improvement in economic situation fade, survey results from the think tank ZEW showed Tuesday. The ZEW Indicator of Economic Sentiment fell to 3.6 from 19.2 in August. The score was the lowest since October 2023 and also remained well below forecast of 17.2. The think tank said the optimism in economic expectations that has been evident since November 2023 has almost completely dwindled. In addition, the assessment of the economic situation worsened further to the lowest since May 2020. The corresponding index posted -84.5 compared to -77.3 in the previous month. Financial market experts' sentiment concerning the economic development of the euro area weakened in September. At 9.3 points, the indicator was down from 17.9 in August. The situation indicator for the currency bloc also worsened, falling 8.0 points to a new reading of minus 40.4 points. "Although the falling economic expectations for the eurozone point to an overall rise in pessimism, the drop in expectations for Germany is significantly greater," ZEW President Achim Wambach said. "Most respondents appear to have already factored the ECB's interest rate decision into their expectations," Wambach added.

German Investor Sentiment Plunges Further In September

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German Investor Sentiment Plunges Further In September

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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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German Investor Sentiment Plunges Further In September

NZ Dollar Advances Against Most Majors

German Investor Sentiment Plunges Further In September

European Shares Advance Ahead Of Fed

Amazon Asks Employees To Return To Office 5 Days A Week

Antipodean Currencies Rise As European Shares Traded Higher

FTSE 100 Rises Ahead Of Inflation Data

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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