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DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%

2024-11-17 3552

(fxcue news) - German stocks opened higher on Monday ahead of the release of key inflation readings from the U.S. and Eurozone, U.S. GDP data and the minutes from the last FOMC meeting due this week. The single European currency traded below the 1.05 level after ECB chief economist Phillip Lane said that monetary policy should not remain restrictive for too long and that the job is not done yet on inflation. The benchmark DAX was up 81 points, or 0.4 percent, at 19,404 after gaining 0.9 percent on Friday. In corporate news, Commerzbank slumped 6 percent. German Finance Minister Joerg Kukies said on Sunday he did not expect UniCredit to go ahead with plans for a takeover of the German lender due to objections raised by the government in Berlin. Automakers BMW, Mercedes Benz and Volkswagen were up between half a percent and 2 percent in the wake of reports that China and the EU are nearing a solution over eliminating tariffs on Chinese electric vehicle (EV) imports into the bloc.

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DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%

CAC 40 Slips Amidst Economic Woes

Taiwan Bourse May Extend Friday's Gains

New Zealand Has NZ$1.544 Billion Trade Shortfall In October

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France Private Sector Falls Deep Into Contraction

CAC 40 Gains After Bessent's Appointment As US Treasury Secretary

DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%

FTSE 100 Slightly Higher In Cautious Trade

Please sign in

Trader

Today, I made a profit from gold trading and was eliminated.

There are a lot of gold buying orders, all of which are profitable.

Selling and buying gold both generate profits

Today, there was a slight loss in foreign exchange trading...

This week's silver trading strategy can be carried out as follows: you can place a short order at the position of 31, set the stop loss level to 31.8, and first look towards 30.55 and 30.0.

Gold strategy: 2673-2682, sell near the dividing line, buy below 2660, steady at 2656 with buy, do not participate in buy if the level breaks 2650.

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Operation suggestion: Buy near 2690 gold with a loss of 2682, look at 2710 and 2720; If the decline is significant, then rely on 2670 support to buy!

Early trading strategy for the Asian gold market: Buy near the current gold price of 2700, with a target of 2728-2740-2756; If it is sold around the three o'clock mark of 2728, 2740, and 2756 for the first time; If given around three o'clock, 2706, 2700, 2692, you can buy in batches;

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DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%

CAC 40 Slips Amidst Economic Woes

Taiwan Bourse May Extend Friday's Gains

New Zealand Has NZ$1.544 Billion Trade Shortfall In October

Sensex

France Private Sector Falls Deep Into Contraction

CAC 40 Gains After Bessent's Appointment As US Treasury Secretary

DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%

FTSE 100 Slightly Higher In Cautious Trade

Please sign in

Trader

Today, I made a profit from gold trading and was eliminated.

There are a lot of gold buying orders, all of which are profitable.

Selling and buying gold both generate profits

Today, there was a slight loss in foreign exchange trading...

This week's silver trading strategy can be carried out as follows: you can place a short order at the position of 31, set the stop loss level to 31.8, and first look towards 30.55 and 30.0.

Gold strategy: 2673-2682, sell near the dividing line, buy below 2660, steady at 2656 with buy, do not participate in buy if the level breaks 2650.

The spot gold price should focus on the vicinity of 2650. As long as it can stabilize above 2650, we can rely on the vicinity of 2650 to enter the market and buy.

Operation suggestion: Buy near 2690 gold with a loss of 2682, look at 2710 and 2720; If the decline is significant, then rely on 2670 support to buy!

Early trading strategy for the Asian gold market: Buy near the current gold price of 2700, with a target of 2728-2740-2756; If it is sold around the three o'clock mark of 2728, 2740, and 2756 for the first time; If given around three o'clock, 2706, 2700, 2692, you can buy in batches;

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