CAC 40 Moderately Higher After Services Sector Activity Datafxcue.com

(fxcue news) - French stocks are up firmly in positive territory Monday morning after opening on a fairly bright note, as investors react to data showing an improvement in the nation's services sector activity in the month of December. The benchmark CAC 40 index is up 50.18 points or 0.69% at 7,332.40. Data from S&P Global showed that the HCOB France Composite PMI was revised up to 47.5 in December 2024, up from the flash estimate of 46.7 and above the ten-month low of 45.9 seen in November. The HCOB France Services PMI rose to 49.3 in December 2024, up from the initial estimates of 48.2 and compared to 46.9 in the previous month. However, the manufacturing sector contracted sharply in December with reading for the month coming in at 41.9, compared to the preliminary estimate of 43.1. STMicroElectronics is rising nearly 5.5% after Taiwan's Foxconn posted stronger than expected revenue for the fourth quarter. Dassault Systemes is gaining 3.5%, while Schneider Electric, Hermes International and Legrand are up 2 to 2.5%. LVMH, Stellantis, Capgemini, Kering, Eurofins Scientific, Teleperformance, Societe Generale, Renault, BNP Paribas and Saint Gobain are up 1 to 2%. Safran, Publicis Groupe, Thales and Engie are down 1 to 1.2%. Airbus Group, Danone, ArcelorMittal, AXA, Accor, Bouygues and Carrefour are with modest losses.

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CAC 40 Moderately Higher After Services Sector Activity Data

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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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CAC 40 Moderately Higher After Services Sector Activity Data

Indonesia Bourse May Extend Its Winning Streak

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

Tesla Stock Hit On First Decline In Annual Deliveries

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

Canadian Dollar Falls Against Majors

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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