DAX Modestly Higher After Data Shows Improvement In Economic Activityfxcue.com

(fxcue news) - German stocks are modestly higher Monday morning with investors reacting to data on Germany's composite and services sector PMI readings, in addition to data from France and UK, and looking ahead to some crucial economic data, including monthly jobs report, from the U.S. The benchmark DAX was up 81.33 points or 0.42% at 19,990.45 a little while ago. Data from S&P Global said the Composite PMI in Germany increased to 48 points in December from 47.20 points in November of 2024, while Services PMI increased to 51.20 points in December from 49.30 points in November of 2024. S&P Global said that the Euro Area's Composite PMI increased to 49.60 points in December from 48.30 points in November of 2024. The data said Services PMI in the Euro Area increased to 51.60 points in December from 49.50 points a month earlier. Infineon is climbing more than 6%. Sartorius is up nearly 5% and Daimler Truck Holding is gaining about 3.5%. BMW, Porsche, Bayer, Puma and Mercedes-Benz are up 2 to 2.5%. Volkswagen is gaining nearly 2.5%. According to reports, China's Xpeng Motors has signed a memorandum of understanding with Volkswagen to co-operate on an ultra-fast charging network in China. Siemens Energy, Adisas, Zalando, Brenntag, Siemens, Merck, Fresenius, BASF and Commerzbank are also notably higher. MTU Aero Engines is down by about 2.5%. Vonovia, Hannover Rueck, Beiersdorf, Munich RE and Deutsche Boerse are lower by 0.5 to 1%.

DAX Modestly Higher After Data Shows Improvement In Economic Activity

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DAX Modestly Higher After Data Shows Improvement In Economic Activity

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Today, crude oil supported 74.5 and continued to rise directly to 75.3. If it accidentally falls back to 74.5 tonight, or even breaks through 74.4, it belongs to a small wash. If it rebounds and stabilizes above the daily moving average of 73.7, it is still necessary to try to be bullish;

1.8 Gold US trading strategy: Short selling near 1:2656, stop loss 2666, target 2646-2640; strategy 2: Buy long near 2633, stop loss at 2623, target at 2642-2648;

Short selling in the 74.87 area of US crude oil (default stop loss of 50 points, set breakeven stop loss for profit of 50 points, pursue high win rate of 75 points. Band moving stop loss protects existing profits held until take profit)

1.8 Gold Trading Reference: Gold rebounds around 2656-2660, with short selling (buy down) of 2/10 positions in batches, stop loss of 6 points, target around 2645-2630, break at the 2615 line;

1/8 Gold Day Short term Strategy Reference: 1. The rebound saw a short sale near 2662 for the first time, with a loss of 2668. The target is 2650-2640-2630; 2. Falling back for the first time at 2632. Short buy once more, loss at 2628, target at 2642-2652-2662!

EUR/USD 1.03850 short, stop loss 1.04050, target below 1.03350, break below 1.03000 and 1.02700

Today's spot silver was sold short at 30.25, with a stop loss of 30.45. The lower targets are at 30 and 29.85, with a drop below the support range of 29.6-29.5.

If spot gold rises today, it will be sold short at 2660 with a stop loss of 2666. The targets below are 2645, 2640, and 2634-2630

The main focus of crude oil retracement is buying long at low prices, supplemented by short selling at high prices during rebound. Short term attention is paid to the resistance line of 75.8-76.3 above, while short-term attention is paid to the support line of 73.7-73.2 below.

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DAX Modestly Higher After Data Shows Improvement In Economic Activity

Hong Kong Private Sector Ebbs In December - S&P Global

Bargain Hunting May Lift China Stock Market

German Unemployment Increases Less Than Forecast

Higher Open Anticipated For Hong Kong Stock Market

CAC 40 Moderately Higher After Services Sector Activity Data

UK Mortgage Approvals Fall Unexpectedly

DAX Modestly Higher After Data Shows Improvement In Economic Activity

Tesla Stock Hit On First Decline In Annual Deliveries

Please sign in

Trader

Today, crude oil supported 74.5 and continued to rise directly to 75.3. If it accidentally falls back to 74.5 tonight, or even breaks through 74.4, it belongs to a small wash. If it rebounds and stabilizes above the daily moving average of 73.7, it is still necessary to try to be bullish;

1.8 Gold US trading strategy: Short selling near 1:2656, stop loss 2666, target 2646-2640; strategy 2: Buy long near 2633, stop loss at 2623, target at 2642-2648;

Short selling in the 74.87 area of US crude oil (default stop loss of 50 points, set breakeven stop loss for profit of 50 points, pursue high win rate of 75 points. Band moving stop loss protects existing profits held until take profit)

1.8 Gold Trading Reference: Gold rebounds around 2656-2660, with short selling (buy down) of 2/10 positions in batches, stop loss of 6 points, target around 2645-2630, break at the 2615 line;

1/8 Gold Day Short term Strategy Reference: 1. The rebound saw a short sale near 2662 for the first time, with a loss of 2668. The target is 2650-2640-2630; 2. Falling back for the first time at 2632. Short buy once more, loss at 2628, target at 2642-2652-2662!

EUR/USD 1.03850 short, stop loss 1.04050, target below 1.03350, break below 1.03000 and 1.02700

Today's spot silver was sold short at 30.25, with a stop loss of 30.45. The lower targets are at 30 and 29.85, with a drop below the support range of 29.6-29.5.

If spot gold rises today, it will be sold short at 2660 with a stop loss of 2666. The targets below are 2645, 2640, and 2634-2630

The main focus of crude oil retracement is buying long at low prices, supplemented by short selling at high prices during rebound. Short term attention is paid to the resistance line of 75.8-76.3 above, while short-term attention is paid to the support line of 73.7-73.2 below.

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