Swiss Market Recovers From Mid-session Setbackfxcue.com

(fxcue news) - The Switzerland market shrugged off a mid-session setback and closed on a firm note on Monday with select counters seeing some brisk buying in afternoon trades. Investors largely stayed cautious, looking ahead to Swiss inflation and retail sales data as well as reports showing readings of KOF Leading Indicators and the Economic Sentiment Index, all due during the course of this week. The benchmark SMI closed up 53.97 points or 0.44% at 12,237.97, recovering well from a low of 12,155.96. Sonova rallied nearly 7.5% after the company said it is set to resume supplies to Costco. The product to be sold at Costco, a prescription hearing aid by the name of Sennheiser Sonite R which was specifically designed for the retailer, will initially be available in 107 locations in the United States, with a gradual expansion expected in the future, according to a Reuters report. SIG Group and Holcim climbed 3.58% and 3.44%, respectively. Logitech International gained 2.79%. Sika, Sandoz Group, SGS, Noartis and Julius Baer ended higher by 1.1 to 1.7%. Swiss Re, Zurich Insurance, Geberit, ABB, Swatch Group, UBS Group, Partners Group, Swiss Life Holding and Straumann Holding gained 0.5 to 1%. Roche Holding and Lonza Group ended lower by 1.21% and 1.15%, respectively.

Swiss Market Recovers From Mid-session Setback

Swiss Market Recovers From Mid-session Setback

U.S. Dollar Climbs As Key Data In Focus

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Sensex

Australian Market Modestly Higher

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Gold 2681 short, stop loss 2690, target 2658

Gold trading strategy:1. Gold retraces to buy long at the 2653-2658 line, stop loss at 2645, target at the 2668-2673 line, break below the 2680 line;2. Gold rebounds, short selling at 2678-2680, stop loss at 2689, target at 2650-56, break at 2635-2640;

Crude oil was sold short at $74.90, with a stop loss of 30 points and a take profit of $73.90.

Gold rebounded in the morning session around 2678-2680 and shorted (bought down) in batches, with a 2/10 position and a stop loss of 6 points. The target is around 2670-2665, with a break to the 2660 line;

Short selling of 2680/2685 in spot market today, followed by short selling of 2695/90; 2660/62 buy more; Mainly focus on organizing and processing high-level intervals;

US crude oil fell 73.7 today, buy long, stop loss 73.2, target 74.4 and 75 pressure, and prepare to sell short above 75.2 pressure.

EUR/USD 1.03300 short, stop loss below 1.03500 target at 1.02800, break below at 1.02500

Short selling of silver at 30.4, stop loss at 30.6, target below at 30 and 29.9, break below at 29.7 and 26.5

If gold rises directly to 2682 in early trading today, sell it short with a stop loss of 2687. The lower targets are at 2668 and 2662, and if it falls below, look at the low support of 2655.

Short selling gold 2670 once, loss 2675, target at 2660;

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Swiss Market Recovers From Mid-session Setback

Swiss Market Recovers From Mid-session Setback

U.S. Dollar Climbs As Key Data In Focus

Sensex

Sensex

Australian Market Modestly Higher

Please sign in

Trader

Gold 2681 short, stop loss 2690, target 2658

Gold trading strategy:1. Gold retraces to buy long at the 2653-2658 line, stop loss at 2645, target at the 2668-2673 line, break below the 2680 line;2. Gold rebounds, short selling at 2678-2680, stop loss at 2689, target at 2650-56, break at 2635-2640;

Crude oil was sold short at $74.90, with a stop loss of 30 points and a take profit of $73.90.

Gold rebounded in the morning session around 2678-2680 and shorted (bought down) in batches, with a 2/10 position and a stop loss of 6 points. The target is around 2670-2665, with a break to the 2660 line;

Short selling of 2680/2685 in spot market today, followed by short selling of 2695/90; 2660/62 buy more; Mainly focus on organizing and processing high-level intervals;

US crude oil fell 73.7 today, buy long, stop loss 73.2, target 74.4 and 75 pressure, and prepare to sell short above 75.2 pressure.

EUR/USD 1.03300 short, stop loss below 1.03500 target at 1.02800, break below at 1.02500

Short selling of silver at 30.4, stop loss at 30.6, target below at 30 and 29.9, break below at 29.7 and 26.5

If gold rises directly to 2682 in early trading today, sell it short with a stop loss of 2687. The lower targets are at 2668 and 2662, and if it falls below, look at the low support of 2655.

Short selling gold 2670 once, loss 2675, target at 2660;

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