DAX Rises Nearly 1% As Investors Await Corporate Earnings Updatesfxcue.com

(fxcue news) - The German market is up firmly in positive territory on Monday as investors pick up stocks ahead of a slew of earnings announcements, and some crucial economic data due this week. Optimism about an improvement in U.S.-China trade relations also appears to be supporting the market. Adidas, Deutsche Bank, Deutsche Boerse, Porsche, Symrise, Lufthansa and HelloFresh are scheduled to announce their earnings updates on Tuesday. Mercedes-Benz, Volkswagen, Deutsche Post, BASF and Linde are also slated to announce their earnings this week. The benchmark DAX was up 203.65 points or 0.93% at 22,440.06 a little while ago. Commerzbank is gaining about 2.5%. Fresenius Medical Care is rising 2.35% and SAP is advancing nearly 2%. Henkel, Fresenius, Volkswagen, Porsche, MTU Aero Engines, Beiersdorf, Porsche Automobil Holding, Siemens Healthineers, Adidas, Deutsche Bank, Mercedes-Benz and BASF are up 1 to 1.7%. Merck is gaining nearly 1.5% after announcing that it has struck a deal to acquire U.S. biotech company SpringWorks Therapeutics for an equity value of $3.9 billion to boost its cancer drug business. Continental is down by about 2.7% and Hannover Rueck is declining 1.4%. Rheinmetall, Deutsche Boerse, Vonovia and Munich RE are also notably lower.

DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

Swiss Franc Recovers Against Majors

Euro Advances Against Most Majors

Canadian Dollar Climbs Against Most Majors

CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

European Shares Edge Higher In Cautious Trade

FTSE Up Marginally In Cautious Trade

DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

Pound Rises Against Majors

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Trader

USD/JPY： Near 144.03, under pressure and falling back, you can try short-term short selling with a target of 142.27 and a stop loss set at 144.30

Gold trading strategy: 3290-93 short, stop loss 3302, target 3272-60.

For gold:Buy at 3270-3265, with a stop loss at 3256. The target is 3290-3310;Sell at 3335-3340, with a stop loss at 3344. The target is 3300-3280;

Long position on spot gold at 3272, with a stop loss of 7 points. After a breakout, take a long position at 66-58, with individual stop losses of 7 points each, or a unified stop loss of 50. The profit-taking targets are at 86, 98, and 12. Continue to reduce holdings if these levels are broken.

Taking a long position on US crude oil today at 62.9, with a stop loss at 62.4. The profit-taking targets are at 63.2, 64, and 65.2. If these levels are broken, further targets are at 65.6 and 66.

Attempting a long position on EUR/USD at 1.12950, with a stop loss at 1.12750. The profit-taking targets are near 1.13650, 1.13850, 1.14100, and 1.14350. Upon reaching these levels, prepare to exit the long position and enter a short position.

Short position on silver today at 33.55, with a stop loss at 33.7. The targets for profit-taking are at 32.75, 32.5, and 32.25. Upon reaching these levels, prepare to exit the short position and enter a long position.

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DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

Swiss Franc Recovers Against Majors

Euro Advances Against Most Majors

Canadian Dollar Climbs Against Most Majors

CAC 40 Notably Higher; Airbus Rises Nearly 2.5%

European Shares Edge Higher In Cautious Trade

FTSE Up Marginally In Cautious Trade

DAX Rises Nearly 1% As Investors Await Corporate Earnings Updates

Pound Rises Against Majors

Please sign in

Trader

USD/JPY： Near 144.03, under pressure and falling back, you can try short-term short selling with a target of 142.27 and a stop loss set at 144.30

Gold trading strategy: 3290-93 short, stop loss 3302, target 3272-60.

For gold:Buy at 3270-3265, with a stop loss at 3256. The target is 3290-3310;Sell at 3335-3340, with a stop loss at 3344. The target is 3300-3280;

Long position on spot gold at 3272, with a stop loss of 7 points. After a breakout, take a long position at 66-58, with individual stop losses of 7 points each, or a unified stop loss of 50. The profit-taking targets are at 86, 98, and 12. Continue to reduce holdings if these levels are broken.

Taking a long position on US crude oil today at 62.9, with a stop loss at 62.4. The profit-taking targets are at 63.2, 64, and 65.2. If these levels are broken, further targets are at 65.6 and 66.

Attempting a long position on EUR/USD at 1.12950, with a stop loss at 1.12750. The profit-taking targets are near 1.13650, 1.13850, 1.14100, and 1.14350. Upon reaching these levels, prepare to exit the long position and enter a short position.

Short position on silver today at 33.55, with a stop loss at 33.7. The targets for profit-taking are at 32.75, 32.5, and 32.25. Upon reaching these levels, prepare to exit the short position and enter a long position.

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