CAC 40 Slides After Hawkish Shift At Fed; Banks Hit Hardfxcue.com

(fxcue news) - French stocks fell notably on Thursday after the U.S. Federal Reserve cut interest rates, as expected, but warned that rate cuts may not come so easily in 2025 as anticipated earlier. Meanwhile, the confidence among French manufacturers held steady in December after showing some recovery trends in the previous month, monthly data from the statistical office INSEE revealed today. The manufacturing sentiment index stood at 97 in December, the same as in November. Further, the index remained below its long-term average of 100. The expected score was 96.0. The balances of opinion on order books have increased again, but all those relating to production have decreased, the survey said. The benchmark CAC 40 dropped 61 points, or 0.8 percent, to 7,323 after gaining 0.3 percent on Wednesday. Banks BNP Paribas, Credit Agricole and Societe General all fell around 1 percent. Renault rose 1.2 percent after reports emerged that Foxconn is in talks with Nissan Motor Co.'s biggest shareholder Renault about its willingness to sell its shares in the Japanese automaker.

CAC 40 Slides After Hawkish Shift At Fed; Banks Hit Hard

U.S. Dollar Climbs On Fed's Hawkish Tone

New Zealand GDP Falls 1.0% In Q3

Japan Interest Rate Decision Due On Thursday

German GfK Consumer Sentiment To Rise In January

Philly Fed Index Unexpectedly Slides To Lowest Level In Over A Year In December

Renewed Selling Pressure Expected For South Korea Shares

CAC 40 Slides After Hawkish Shift At Fed; Banks Hit Hard

Asian Shares Retreat As Fed Warns Of Inflation Risks

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Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

Tags

CAC 40 Slides After Hawkish Shift At Fed; Banks Hit Hard

U.S. Dollar Climbs On Fed's Hawkish Tone

New Zealand GDP Falls 1.0% In Q3

Japan Interest Rate Decision Due On Thursday

German GfK Consumer Sentiment To Rise In January

Philly Fed Index Unexpectedly Slides To Lowest Level In Over A Year In December

Renewed Selling Pressure Expected For South Korea Shares

CAC 40 Slides After Hawkish Shift At Fed; Banks Hit Hard

Asian Shares Retreat As Fed Warns Of Inflation Risks

Please sign in

Trader

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Today, I made two gold trades and achieved a perfect profit

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