Swiss Franc Slides As European Shares Traded Higherfxcue.com

(fxcue news) - The Swiss franc weakened against other major currencies in the European session on Monday, as the European stocks traded higher heading into a holiday-shortened week. It will be a pretty quiet week due to the upcoming Boxing Day and Christmas Day holidays. Nonetheless, fund managers may engage in some year-end window-dressing to show case good performance to their investors or shareholders. A benign U.S. inflation reading on U.S. inflation helped revive investor hopes for further policy easing by the Federal Reserve in 2025. Chicago Fed President Austan Goolsbee told CNBC's Steve Liesman he is hopeful the data suggests "the couple of months of firming were more of a bump than a change in path." Sentiment was also underpinned by the U.S. Senate approval of the funding bill early Saturday, narrowly avoiding a government shutdown. In the European trading today, the Swiss franc fell to a 4-day low of 0.9331 against the euro, from an early high of 0.9311. The franc may test support near the 0.94 region. Against the pound, the U.S. dollar and the yen, the franc edged down to 1.1252, 0.8928 and 175.46 from early highs of 1.1225, 0.8928 and 175.46, respectively. If the franc extends its downtrend, it is likely to find support around 1.13 against the pound, 0.90 against the greenback and 171.00 against the yen. Looking ahead, Canada Oct GDP, PPI, mannufacturing sales and raw materials prices, all for November, U.S. Chicago Fed National Activity index for November and U.S. Consumer Board's consumer confidence for December, are slated for release in the New York session.

Swiss Franc Slides As European Shares Traded Higher

Bay Street Likely To Open Slightly Higher

Taiwan Shares Tipped To Open To The Upside On Tuesday

Bay Street Likely To Open Slightly Higher

FTSE 100 Subdued As GDP Figures Revised Down

Singapore Shares May Extend Monday's Gains

Sensex

Swiss Franc Slides As European Shares Traded Higher

Bay Street May Open With Slightly Negative Bias; GDP

Please sign in

Trader

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Tags

Swiss Franc Slides As European Shares Traded Higher

Bay Street Likely To Open Slightly Higher

Taiwan Shares Tipped To Open To The Upside On Tuesday

Bay Street Likely To Open Slightly Higher

FTSE 100 Subdued As GDP Figures Revised Down

Singapore Shares May Extend Monday's Gains

Sensex

Swiss Franc Slides As European Shares Traded Higher

Bay Street May Open With Slightly Negative Bias; GDP

Please sign in

Trader

Crude oil, focus on resistance at $70.6-71.5 above and support at $69.3-68.5 below.

Today, the rebound in gold trading is mainly driven by short selling, supplemented by buying during a pullback. The short-term focus is on the resistance line of 2620-2625 above, and the short-term focus is on the support line of 2600-2598 below.

Buy more directly near the current gold price of 2617, with targets of 2642, 2650, and 2664; If three points of 2642, 2650, and 2664 are given for the first time, short selling is allowed; If you buy more in batches around three o'clock on 2614, 2611, and 2605;

Today's gold trading strategy: Short selling near 2630-2628, stop loss at 2636, target at 2620-2610. Suggest buying long at 2610-2612, stop loss at 2505, target at 2620-2625;

Gold first fell close to 2602 or 2594 and bought long, then rose close to 2624 or yesterday's high and sold short. Crude oil still tends to fluctuate mainly today, buying long below 68.8 or yesterday's low, and selling short above yesterday's high or 70.7.

Today, gold is mainly focused on rebound short selling, with a short-term focus on the resistance line of 2628-2633. If it does not break through, short selling can be done. The short-term focus below is on the first-line support of 2600-2595, and it is advisable to buy more lightly.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.4-67.9 below.

Tags

关注我们的公众号