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Swiss Market Ends Notably Higher

2024-07-22 1102

(fxcue news) - The Switzerland market started off on a weak note Friday morning, but recovered swiftly and then kept moving higher and higher as the day progressed to eventually close on a strong note. Rising hopes of an interest rate cut by the Federal Reserve in September, and some fairly encouraging earnings updates aided sentiment. The benchmark SMI ended with a gain of 135.95 points or 1.12% at 12,241.49, slightly off the session's high of 12,250.56. Lonza Group climbed 3.79%. Roche GS, Richemont, Sandos Group, Roche Holding and ABB gained 2 to 3.1%. Schindler Ps, Logitech International, UBS Group, Sika, Alcon, Sonova, Geberit, VAT Group and SIG Group ended higher by 1 to 1.6%. Swiss Re advanced nearly 1%. Zurich Insurance, Swiss Life Holding, Swatch Group, SGS, Novartis and Julius Baer also ended on firm note. Nestle ended down 1%. Kuehne + Nagel and Straumann Holding ended marginally down.

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Swiss Market Ends Notably Higher

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Swiss Market Ends Notably Higher

Malaysia Shares May Extend Losing Streak On Friday

Dollar Edges Lower After PCE Data

Will gold prices rise next week? Analysts and retail investors are increasingly divided!

CFTC Position: What signals do market positions reveal when gold bulls retreat in the week of 0723?

Forex Gump Ultra Trend Arrow

Swiss Market Ends Notably Higher

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Trader

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

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Swiss Market Ends Notably Higher

Malaysia Shares May Extend Losing Streak On Friday

Dollar Edges Lower After PCE Data

Will gold prices rise next week? Analysts and retail investors are increasingly divided!

CFTC Position: What signals do market positions reveal when gold bulls retreat in the week of 0723?

Forex Gump Ultra Trend Arrow

Swiss Market Ends Notably Higher

Please sign in

Trader

If the gold market rises today, sell at 2652 and stop at 2657. The lower targets are 2634 and 2625, and leave. Buy at 2623-2621.

Operation suggestion: Short sell near gold 2650-52, loss 2658, look at 2640, 2635; Near 2635 in the data, you can also buy short and buy long!

Short selling (buy down) in batches around 2650-2652 for gold rebound, with a 2/10 position and a stop loss of 6 points. The target is around 2635-2630, with a break at the 2625 level;

Crude oil prices have risen and broken through, and bulls are expected to continue. In today's operations, it is recommended to consider a pullback layout and buy first, with high selling as a supplement. Focus on resistance at $71.4-72.4 above and support at $69.5-68.5 below.

We are considering a high sell low buy strategy for spot gold operations today, with a focus on resistance at $2655-2666 above and support at $2633-2620 below.

Gold is expected to rebound to around or above 2650 and sell short, with a loss of 2655. Short term view is 2630-25, with a target of around or below 2600; Short selling near 2670 with a loss of 2677, the target remains the same.

Gold operation strategy: Short sell gold at the 2648-53 line, stop loss at 2658, target at the 2612-2618 line, break below the 2606-2600 line;

Gold Strategy: 2645-2650 Short Selling Stop Loss 2658 Target 2630

Considering the rebound of crude oil operations today, short selling is the priority, with buying long at low prices as a supplement. Focus on resistance at $68.6-69.2 above and support at $67.0-66.0 below.

Sell directly near gold 2639, targeting 2622-2615-2606; If short selling is done in batches at three points: 2644, 2647, and 2654; If you buy more around 2622, 2615, and 2606 for the first time;

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