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DAX Slips As Retail Sales Disappoint

2024-11-30 1025

(fxcue news) - German stocks traded lower on Friday after data showed retail sales in the country fell more than expected in October, falling 1.5 percent month-on-month. Investors await the release of euro zone inflation data later in the day for clues on interest rates ahead of the European Central Bank's last meeting of the year on Dec. 12. The benchmark DAX was down 25 points, or 0.1 percent, at 19,400 after climbing 0.9 percent in the previous session. Automakers BMW, Mercedes Benz and Volkswagen were down between 0.3 percent and 0.6 percent on concerns that Donald Trump's tariffs may destabilize the auto industry supply chains and raise costs. Delivery Hero SE, an online food delivery platform, was marginally higher after it has set the price for its Middle Eastern unit's initial public offering at the top of its range.

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DAX Slips As Retail Sales Disappoint

Under the dual killing of supply and demand, may short positions erupt again?

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DAX Slips As Retail Sales Disappoint

Australia Data Due On Monday

Asian Shares Mixed; China Leads Gains On Stimulus Hopes

New Zealand Building Permits Sink 5.2% In October

Australia Data Due On Monday

U.S. Dollar Falls Against Majors

TSX Hits New Record High Again

DAX Slips As Retail Sales Disappoint

Under the dual killing of supply and demand, may short positions erupt again?

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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DAX Slips As Retail Sales Disappoint

Australia Data Due On Monday

Asian Shares Mixed; China Leads Gains On Stimulus Hopes

New Zealand Building Permits Sink 5.2% In October

Australia Data Due On Monday

U.S. Dollar Falls Against Majors

TSX Hits New Record High Again

DAX Slips As Retail Sales Disappoint

Under the dual killing of supply and demand, may short positions erupt again?

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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