DAX Extends Losses As Business Sentiment Weakensfxcue.com

(fxcue news) - German stocks fell on Thursday to extend losses from the previous session as a global tech selloff intensified and a survey showed German business morale unexpectedly fell in July. The Ifo institute's business climate index sank to 87.0 in July from 88.6 in June amid increasing pessimism about the performance of Europe's largest economy. The benchmark DAX was down 244 points, or 1.3 percent, at 18,143 after losing 0.9 percent in the previous session. Semiconductor parts maker Aixtron AG fell 2.6 percent after revising down the annual revenue outlook for the third quarter. Agriculture group BayWa rallied 2.7 percent on reports that Swiss energy investor Energy Infrastructure Partners (EIP) is seeking to increase its stake in the company's renewable energy unit. Vossloh, an international technology group focused on rail products including switches, signals and crossings, rose over 2 percent after reporting a rise in first-half net income. Wind turbine maker Nordex gained 1 percent after narrowing its half-year net loss and lifting its FY24 EBITDA margin view.

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EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Tags

DAX Extends Losses As Business Sentiment Weakens

China Unexpectedly Cuts MLF Rate By 20 Bps

Humana Expands Partnership With Google Cloud By Inking New Multi-year Agreement

Taiwan Shares Tipped To Open In The Red

Asian Shares Slump After Weak Earnings

Japan Producer Prices Jump 3.0% On Year In June

DAX Extends Losses As Business Sentiment Weakens

Malaysia Shares May Take Further Damage On Thursday

Federal Signal Boosts FY24 Adj. EPS Outlook As Q2 Results Top Estimates

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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