Swiss Market Ends On Weak Notefxcue.com

(fxcue news) - Swiss stocks closed weak on Tuesday after languishing in negative territory right through the day's session, tracking the trend in European markets. Uncertainty about the outlook for Fed and ECB interest rates weighed on the market. The benchmark SMI ended down 38.59 points or 0.32% at 12,011.02. The index touched a low of 11,920.09 and a high of 12,015.14. Swiss Re ended down nearly 4%. Logitech International ended lower by nearly 2.5%. Logitech announced that the company's Chairperson Wendy Becker will not stand for reelection at the firm's 2025 annual general meeting. Holcim drifted down 1.83%, while Swiss Life Holding, Zurich Insurance Group and ABB lost 1.34%, 1.24%, and 1.19%, respectively. Roche Holding, SGS, Swisscom, Sonova and Lonza Group ended modestly lower. Givaudan ended slightly weak. The company said it has completed the acquisition of the remaining 75% it did not own in Italian makeup and skincare company b.kolormakeup & skincare, as part of plans to expand its presence in the beauty sector. Partners Group rallied 2%. SIG Group and Straumann Holding gained 1.32% and 1.2%, respectively. Kuehne & Nagel and VAT Group gained nearly 1%. Nestle ended 0.7% up.

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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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Swiss Market Ends On Weak Note

U.S. Private Sector Employment Climbs By 150

Thai Shares Due For Support On Wednesday

Canadian Market Up Slightly In Cautious Trade

China Services PMI Slows In June - Caixin

Swiss Market Ends On Weak Note

Eurozone Private Sector Growth Cools To 3-Month Low

U.S. Dollar Drops As Powell Signals Progress On Softening Of Price Pressures

U.S. Stocks Turning In Mixed Performance; Tesla Soars After Reporting Sales 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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