European Shares Set To Open On Buoyant Notefxcue.com

(fxcue news) - European stocks look set to open notably higher on Monday after U.S. President-elect Donald Trump picked hedge fund billionaire Scott Bessent as his Treasury Secretary, raising optimism he would recommend "tariffs be layered in gradually". He has advocated, in a Bloomberg interview, for the U.S. to grow its way out of large debts and, in the Wall Street Journal for tax reform and deregulation, particularly to spur bank lending and energy production. Most Asian stocks rose, the dollar eased, and bond yields also fell as Scott Bessent's nomination hinted at moderate economic policies. Gold prices were down nearly 2 percent in Asian trading and oil prices fell around 1 percent as reports of ceasefire talks between Israel and Hezbollah pointed to a potential de-escalation in the Middle East. In economic releases, this week's U.S. economic calendar includes readings on consumer price inflation preferred by the Federal Reserve and the minutes of the latest Fed meeting along with reports on durable goods orders, new home sales and weekly jobless claims. U.S. stocks rose on Friday and posted strong gains for the week, partly offsetting the sharp pullback seen in the previous week. The Dow jumped 1 percent to reach a new record closing high and the S&P 500 rose 0.4 percent to extend gains for the fifth day running while the tech-heavy Nasdaq Composite edged up by 0.2 percent. European stocks closed on a firm note Friday amid expectations that the European Central Bank will cut interest rates steadily in 2025. The pan European Stoxx 600 rallied 1.2 percent. The German DAX climbed 0.9 percent, France's CAC 40 added 0.6 percent and the U.K.'s FTSE 100 surged 1.4 percent.

European Shares Set To Open On Buoyant Note

Japanese Market Sharply Higher

Indian Shares May Open Higher; Adani Group Shares Remain In Focus

Asian Markets Track Wall Street Higher

Sensex

Swiss Franc Declines Against Majors

Bay Street Seen Opening Higher

European Shares Set To Open On Buoyant Note

European Markets Seen Opening Mildly Positive

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Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Tags

European Shares Set To Open On Buoyant Note

Japanese Market Sharply Higher

Indian Shares May Open Higher; Adani Group Shares Remain In Focus

Asian Markets Track Wall Street Higher

Sensex

Swiss Franc Declines Against Majors

Bay Street Seen Opening Higher

European Shares Set To Open On Buoyant Note

European Markets Seen Opening Mildly Positive

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Tags

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