DAX Rises In Cautious Trade; Munich Re Shares Jump 5%fxcue.com

(fxcue news) - German stocks rose on Friday, a day after the European Central Bank (ECB) cut its three key interest rates by 25 basis points in the fourth reduction this year, and signaled it expects inflation to return to the target earlier. Meanwhile, data from Destatis revealed earlier today that Germany's wholesale prices continued to decline in November, though at a slightly slower pace. Wholesale prices decreased 0.6 percent year-on-year in November, slower than the 0.8 percent drop in October. Wholesale prices have been falling since May 2023, and the latest drop was the weakest in four months. On a monthly basis, wholesale prices remained flat in November, following a 0.4 percent rise in October. The benchmark DAX was up 82 points, or 0.4 percent, at 20,508 after gaining 0.1 percent in the previous session. In corporate news, Munich Re shares jumped nearly 5 percent after the reinsurer unveiled a profit target of €6bn for 2025, with group insurance revenue expected to reach €64bn.

DAX Rises In Cautious Trade; Munich Re Shares Jump 5%

CAC 40 Slides As Moody's Downgrades France's Credit Rating

DAX Dips Ahead Of No-confidence Vote In Parliament

European Shares Decline After France's Credit Rating Cut

The Federal Reserve may cut interest rates, the Bank of Japan may maintain stability: the yen is under pressure, who can break through between the Australian dollar and the euro?

Swiss Market Ends Marginally Down After Lackluster Session

UK Economy Shrinks In October

DAX Rises In Cautious Trade; Munich Re Shares Jump 5%

India Private Sector Growth Strongest In 4 Months

Please sign in

Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

Tags

DAX Rises In Cautious Trade; Munich Re Shares Jump 5%

CAC 40 Slides As Moody's Downgrades France's Credit Rating

DAX Dips Ahead Of No-confidence Vote In Parliament

European Shares Decline After France's Credit Rating Cut

The Federal Reserve may cut interest rates, the Bank of Japan may maintain stability: the yen is under pressure, who can break through between the Australian dollar and the euro?

Swiss Market Ends Marginally Down After Lackluster Session

UK Economy Shrinks In October

DAX Rises In Cautious Trade; Munich Re Shares Jump 5%

India Private Sector Growth Strongest In 4 Months

Please sign in

Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

Tags

关注我们的公众号