European Shares Extend Gains On ECB's Dovish Outlookfxcue.com

(fxcue news) - European stocks hit new record highs on Friday, a day after the European Central Bank delivered a widely expected 25-basis point interest-rate cut and guided for a further reduction in March due to concerns about economic growth. Meanwhile, investors shrugged off data that showed German retail sales unexpectedly contracted on a monthly basis in December. Also, there has been a slight increase in the number of unemployed people in Germany, with the unemployment rate rising to 6.0 percent as of December 2024 in comparison to 5.7 percent during the same time in 2023. Elsewhere, French consumer price increased slightly less than anticipated in January. The pan European STOXX 600 was up 0.3 percent at 540.27 after climbing 0.9 percent in the previous session. The German DAX was marginally higher, France's CAC 40 gained 0.2 percent and the U.K.'s FTSE 100 added 0.3 percent. Swiss pharma giant Novartis AG rallied 3 percent after posting better-than-expected fourth-quarter sales and lifting dividend. SKF AB fell nearly 1 percent after fourth-quarter organic sales fell by 3.1 percent, reflecting weaker demand. ATOSS Software SE surged 4 percent. The company proposed higher dividend after reporting a rise in Q4 profit. Smiths Group shares soared more than 12 percent in London. The engineering firm has announced a number of strategic actions, including a further increase in its share buyback program to enhance returns to shareholders. Industrial technology group Hexagon jumped 7.4 percent after posting a surprise rise in its Q4 operating profit.

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Short selling targets around $20-40 in the vicinity of Gold 2810! If 2800 fails to break through, consider short selling near 2800, with a short-term target of 5-8 US dollars. If it falls below 2790-2788, you can hold short! Target 2780-2770;

1/31 Gold Day Short term Strategy Reference: 1. The first short sale of 2810 was seen above, with a loss of 2816. The target is 2800-2790-2680; 2. Falling back for the first time at 2778. Buy one more time and lose 2772. Target at 2790-2800-2810;

Buy more near gold 2785, lose 2777, target 2800, 2808!

Crude oil is inclined to buy long today. If it strengthens, 73 will rise first and fluctuate close to 72.6 or yesterday's low. Buy long with a target of breaking 73.8 and looking around 74.3-74.8. If it doesn't break, go short.

Gold is expected to fall to around 2780 and buy long, with a loss of 2770. Looking at around 2805 in the short term, the target is around or above 2815.

Buy near 2790 spot gold, protect 2780, target 2810-2820;

Buy 73 more US crude oil, stop loss at 73.5, target pressure at 74.5, 75.2, and 76.

EUR/USD 1.04250 short, stop loss 1.04450, target below 1.03850, break below 1.03600-1.03500

Buy long at 31.3 silver, stop loss at 31.1, target at 31.75, break at 32 and 32.3-32.5

Tags

European Shares Extend Gains On ECB's Dovish Outlook

South Korea Shares Poised To Return To The Upside

Eurozone Economy Stagnates In Q4

FTSE 100 Edges Higher As Investors React To Earnings

DAX Advances

Apple Stock Gains On Upbeat Q1

Yen Rises Amid Tariff Worries

European Shares Extend Gains On ECB's Dovish Outlook

German Economy Contracts Unexpectedly In Q4

Please sign in

Trader

Short selling targets around $20-40 in the vicinity of Gold 2810! If 2800 fails to break through, consider short selling near 2800, with a short-term target of 5-8 US dollars. If it falls below 2790-2788, you can hold short! Target 2780-2770;

1/31 Gold Day Short term Strategy Reference: 1. The first short sale of 2810 was seen above, with a loss of 2816. The target is 2800-2790-2680; 2. Falling back for the first time at 2778. Buy one more time and lose 2772. Target at 2790-2800-2810;

Buy more near gold 2785, lose 2777, target 2800, 2808!

Crude oil is inclined to buy long today. If it strengthens, 73 will rise first and fluctuate close to 72.6 or yesterday's low. Buy long with a target of breaking 73.8 and looking around 74.3-74.8. If it doesn't break, go short.

Gold is expected to fall to around 2780 and buy long, with a loss of 2770. Looking at around 2805 in the short term, the target is around or above 2815.

Buy near 2790 spot gold, protect 2780, target 2810-2820;

Buy 73 more US crude oil, stop loss at 73.5, target pressure at 74.5, 75.2, and 76.

EUR/USD 1.04250 short, stop loss 1.04450, target below 1.03850, break below 1.03600-1.03500

Buy long at 31.3 silver, stop loss at 31.1, target at 31.75, break at 32 and 32.3-32.5

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