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Swiss Market Ends Moderately Lower

2024-09-10 1960

(fxcue news) - After a flat start and a subsequent marginal uptick Wednesday morning, the Switzerland market slipped and languished in negative territory right through the day's session as investors awaited the Federal Reserve's monetary policy announcement. The benchmark SMI ended with a loss of 60.48 points or 0.5% at 11,982.30, nearly 40 points off the day's low of 11,943.70. Sonova ended down 2.29%. Givaudan, Alcon, Richemont and Sika closed lower by 1.5 to 1.8%. Zurich Insurance Group, Logitech International, Kuehne + Nagel, Lonza Group, Nestle, Geberit, Swiss Life Holding and Lindt & Spruengli ended down 0.6 to 1.2%. Sandoz Group, Roche GS and Roche Holding ended higher by 0.87%, 0.83% and 0.42%, respectively. The U.S. central bank is widely expected to lower interest rates, but there continues to be some debate about the size of the rate cut. CME Group's FedWatch Tool is currently indicating a 61% chance of a half-point rate cut and a 39% chance of a quarter-point rate cut.

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Swiss Market Ends Moderately Lower

Federal Reserve Slashes Rates By 50 Basis Points

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Swiss Market Ends Moderately Lower

Sensex

Swiss Market Ends Moderately Lower

Federal Reserve Slashes Rates By 50 Basis Points

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Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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Swiss Market Ends Moderately Lower

Sensex

Swiss Market Ends Moderately Lower

Federal Reserve Slashes Rates By 50 Basis Points

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

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