Swiss Market Ends Modestly Lowerfxcue.com

(fxcue news) - Swiss stocks found some support in late afternoon trades on Friday, but still ended the day's session on a weak note. The mood remained cautious amid concerns about the outlook for global economy in the wake of tariff threats by the U.S., fears of a U.S. government shutdown, and recent hawkish comments from the Fed that interest rate cuts will be fewer next year than earlier forecast. The benchmark SMI, which dropped to a low of 11,248.40 around mid afternoon, ended the day's session with a loss of 29.92 points or 0.26% at 11,394.92. Sika ended down nearly 2.5%. Holcim and Zurich Insurance Group both closed lower by about 1%. UBS Group, Swisscom, Partners Group, Geberit, Swiss Re, Novartis and Nestle closed down 0.3 to 0.7%. Shares of pharma company Idorsia tanked more than 50% after the firm announced delays to a rights deal related to its hypertension drug Tryvio. Adecco climbed about 1.7% and SIG Group gained 1.33%. Sonova, Swatch Group and VAT Group closed higher by 0.7 to 1%. Lonza Group gained 0.53%. Data from Swiss National Bank showed Switzerland's current account surplus narrowed to CHF 6.3 billion in the third quarter of 2024 from a revised CHF 16 billion in the corresponding period of the previous year.

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

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.

Tags

Swiss Market Ends Modestly Lower

European Economic News Preview: UK Retail Sales

U.S. Dollar Drops After Soft PCE Inflation Data

U.S. Existing Home Sales Spike To Eight-Month High In November

U.S. Consumer Sentiment Improves In Line With Preliminary Estimate In December

Dollar Slips Against Major Counterparts After PCE Data

Canadian Stocks Up Firmly After Long Losing Streak

Swiss Market Ends Modestly Lower

U.S. Dollar Advances After Strong Economic Data

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

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.

Tags

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