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

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.

Buy spot gold at 2665, take profit at 2673.

Tags

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

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.

Buy spot gold at 2665, take profit at 2673.

Tags

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