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DAX Edges Lower As Investors Watch Earnings

2024-10-23 2204

(fxcue news) - German stocks were slightly lower on Wednesday as investors awaited a raft of earnings and economic readings this week for directional cues. Germany's unemployment rate remained unchanged in September, the labor force survey results from Destatis showed earlier today. The unemployment rate came in at adjusted 3.5 percent, the same as in August. The number of unemployed declined 9,000 on month to 1.55 million. The benchmark DAX was down 70 points, or 0.4 percent, at 19,408 after declining 0.3 percent in the previous session. Automaker Volkswagen rallied 2 percent after backing its annual sales guidance. Daimler Truck Holding fell 1.2 percent after an announcement that it is writing off some of its receivables in China. BASF rose about 1 percent as the chemicals company reported slightly higher earnings in the third quarter.

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Asian Shares Decline On Mixed Tech Earnings

Commodity Currencies Extend Slide Amid Risk Aversion

DAX Edges Lower As Investors Watch Earnings

USD/CAD is approaching its August high of 1.3920, and if it breaks through, it will further rise to 1.40!

New changes have occurred in the foreign exchange market! Singapore dollar is gradually becoming the preferred currency for US election trading among option investors

ADP data is coming soon! Can gold take advantage of the situation to hit the 2800 level?

Oil prices continue to fluctuate! Can OPEC+increase production and ceasefire agreement rewrite the market?

French GDP Growth Doubles In Q3

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DAX Edges Lower As Investors Watch Earnings

Asian Shares Decline On Mixed Tech Earnings

Commodity Currencies Extend Slide Amid Risk Aversion

DAX Edges Lower As Investors Watch Earnings

USD/CAD is approaching its August high of 1.3920, and if it breaks through, it will further rise to 1.40!

New changes have occurred in the foreign exchange market! Singapore dollar is gradually becoming the preferred currency for US election trading among option investors

ADP data is coming soon! Can gold take advantage of the situation to hit the 2800 level?

Oil prices continue to fluctuate! Can OPEC+increase production and ceasefire agreement rewrite the market?

French GDP Growth Doubles In Q3

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Trader

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

Spot silver can be bought long at the position of 30.2 today, with a stop loss set at 30. The target is first to look at 30.5 and 30.7, and if a break can be achieved, the target can be further focused on 30.9 and 31.2.

Spot gold trading recommendation for today's operation is to short one near 2650-2648, with a stop loss of 2656 and a target of 2640-2635. Buy one more time on the first retracement of 2620-2622, stop loss at 2615, target around 2635-2645.

Profit from gold trading

Profit from selling foreign exchange gold orders

Sell directly near gold 2630, targeting 2616-2608-2598; If sold in batches at four o'clock on 2633, 2637, 2642, and 2650; If it is given around 2616, 2608, and 2598 for the first time, it can be bought;

Gold intraday strategy: Buy near 2626-2629 Stop loss 2620 Target 2645

Tags

DAX Edges Lower As Investors Watch Earnings

Asian Shares Decline On Mixed Tech Earnings

Commodity Currencies Extend Slide Amid Risk Aversion

DAX Edges Lower As Investors Watch Earnings

USD/CAD is approaching its August high of 1.3920, and if it breaks through, it will further rise to 1.40!

New changes have occurred in the foreign exchange market! Singapore dollar is gradually becoming the preferred currency for US election trading among option investors

ADP data is coming soon! Can gold take advantage of the situation to hit the 2800 level?

Oil prices continue to fluctuate! Can OPEC+increase production and ceasefire agreement rewrite the market?

French GDP Growth Doubles In Q3

Please sign in

Trader

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

Spot silver can be bought long at the position of 30.2 today, with a stop loss set at 30. The target is first to look at 30.5 and 30.7, and if a break can be achieved, the target can be further focused on 30.9 and 31.2.

Spot gold trading recommendation for today's operation is to short one near 2650-2648, with a stop loss of 2656 and a target of 2640-2635. Buy one more time on the first retracement of 2620-2622, stop loss at 2615, target around 2635-2645.

Profit from gold trading

Profit from selling foreign exchange gold orders

Sell directly near gold 2630, targeting 2616-2608-2598; If sold in batches at four o'clock on 2633, 2637, 2642, and 2650; If it is given around 2616, 2608, and 2598 for the first time, it can be bought;

Gold intraday strategy: Buy near 2626-2629 Stop loss 2620 Target 2645

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