Swiss Market Ends Marginally Upfxcue.com

(fxcue news) - The Switzerland market closed marginally up on Monday after spending much of the day's session in negative territory. It was a lackluster session with investors looking for directional cues and refraining from making significant moves. The benchmark SMI closed up 12.56 points or 0.11% at 11,639.60, after moving in a very tight range between 11,574.62 and 11,646.76. Swiss Re climbed about 2.2% as RBC Capital Markets raised the stock's price target to 128 francs from 120 francs. Alcon gained 1.81%, SGS ended nearly 1.5% up, and Lindt & Spruengli closed higher by 1.21%. Givaudan, Richemont, Nestle, Logitech International, Swiss Life Holding, Kuehne + Nagel, Zurich Insurance Group, UBS Group, Sonova and SIG Group gained 0.5 to 1.1%. Julius Baer ended nearly 2% down. VAT Group, ABB, Sandoz Group, Roche Holding and Lonza Group lost 0.9 to 1.2%. Novartis and Geberit also closed weak. Data from Swiss Federal Statistical Office said industrial production in Switzerland grew 3.5% year-on-year in the third quarter of 2024, easing from a downwardly revised two-year high of 7% in the previous quarter. On a seasonally adjusted quarterly basis, industrial activity rose by 0.3%, a sharp deceleration from the revised 3.7% increase in the second quarter.

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Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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Swiss Market Ends Marginally Up

U.S. Housing Starts Tumble 3.1% In October

European Economic News Preview: Eurozone Inflation

Spirit Airlines Files For Chapter 11 Bankruptcy Protection; Stock Drops

U.S. Dollar Falls Against Majors

Bay Street Likely To Open On Positive Note

European Stocks Close On Mixed Note

Swiss Market Ends Marginally Up

Canadian Market Recovers Well After Early Setback

Please sign in

Trader

I took a two-day break and continued trading. Today, all gold purchases were profitable.

Make two gold trades and make a profit.

Gold operation strategy: sell under pressure 2600, stop loss 2597, target 2580;

Buy directly near gold 2590, target 2618-2627-2643; If you place a sell order near the three o'clock mark of 2618, 2627, and 2643 for the first time; If given around 2586 and 2578, you can buy in batches;

Sell 2/10 of the positions in batches near 2595-2598 in the morning session of the gold market, with a stop loss of 6 points. Target around 2580-2570, break below the 2560 line;

Gold operation strategy: Sell gold at 2600-2606, stop loss at 2612, target at the 2560-2563 line, break through at 2548-53;

Gold trading strategy: Buy at 2580 in the Asian and European markets, stop loss at 2573, target at 2590-2593; Under pressure in the European and American markets, sell at 2600 with a stop loss of 2597 and a target of 2580;

Crude oil finally fell sharply last Friday, falling below the key support level of 67.6. Today, it rebounded and sold at this level. In terms of operations, crude oil rebounded and sold around 67.6.

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