Swiss Market Ends Weak On Tariff Concernsfxcue.com

(fxcue news) - After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st. "The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with," Trump wrote on his social media platform, Truth Social. Despite coming off the day's lows, the Swiss market ended the day's session on a weak note, with the benchmark SMI settling with a loss of 71.26 points or 0.58% at 12,198.69, off a low of 12,024.35. Partners Group and Swatch Group closed down 5.22% and 5.13%, respectively. Logitech International ended 3.57% down and Adecco settled lower by 3.01%. Richemont finished with a loss of 2.28%, while Sonova, UBS Group, VAT Group, Kuehne + Nagel, Julius Baer, ABB, Straumann Holding, Swiss Life Holding and Alcon lost 1 to 2%. Givaudan, Lindt & Spruengli, Sandoz Group, Nestle and Sika gained 0.4 to 0.75%, while Roche Holding settled marginally up.

Swiss Market Ends Weak On Tariff Concerns

Japanese Market Notably Higher

European Stocks Close Weak As U.S. Fiscal Deficit Fuels Growth Concerns

U.S. New Home Sales Spike From Downwardly Revised Level In April

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian Market Up Marginally At Noon In Cautious Trade

TSX Recovers After Early Setback; Materials Stocks Move Higher

Swiss Market Ends Weak On Tariff Concerns

U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

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Trader

Buy long at 3337-40 gold, stop loss at 3330, target at 3355-70.

Buy more US crude oil at 56.5, stop loss at 56. Target at 57.5, 58, and 58.5-59

EUR/USD 13450 short, stop loss 1.13650, target at 1.13000, 1.12900, and 1.12700

Buy long at 32.2 silver, stop loss at 32, target at 32.65, 32.85, and 33-33.2

Buy long at 3305 gold, stop loss at 3298, target at 3340, 3352, and 3365

Short selling near gold 3260-65, loss 3275, look at 3222, 3211! If the rebound is weak, rely on the pressure gap of 3250-55!

The USD/JPY price rebounded to around 143.85, encountered resistance and fell back, and the MACD bar chart shrank and weakened. Short selling, target: 142.50-142.16, stop loss: above 144.30 (if breaking through strong resistance, stop loss)

GBP/USD price rebounded to around 1.3400, encountered resistance, fell back and sold, target: 1.3360-1.3330 range, stop loss: above 1.3420

Tags

Swiss Market Ends Weak On Tariff Concerns

Japanese Market Notably Higher

European Stocks Close Weak As U.S. Fiscal Deficit Fuels Growth Concerns

U.S. New Home Sales Spike From Downwardly Revised Level In April

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian Market Up Marginally At Noon In Cautious Trade

TSX Recovers After Early Setback; Materials Stocks Move Higher

Swiss Market Ends Weak On Tariff Concerns

U.S. Weekly Jobless Claims Unexpectedly Edge Slightly Lower

Please sign in

Trader

Buy long at 3337-40 gold, stop loss at 3330, target at 3355-70.

Buy more US crude oil at 56.5, stop loss at 56. Target at 57.5, 58, and 58.5-59

EUR/USD 13450 short, stop loss 1.13650, target at 1.13000, 1.12900, and 1.12700

Buy long at 32.2 silver, stop loss at 32, target at 32.65, 32.85, and 33-33.2

Buy long at 3305 gold, stop loss at 3298, target at 3340, 3352, and 3365

Short selling near gold 3260-65, loss 3275, look at 3222, 3211! If the rebound is weak, rely on the pressure gap of 3250-55!

The USD/JPY price rebounded to around 143.85, encountered resistance and fell back, and the MACD bar chart shrank and weakened. Short selling, target: 142.50-142.16, stop loss: above 144.30 (if breaking through strong resistance, stop loss)

GBP/USD price rebounded to around 1.3400, encountered resistance, fell back and sold, target: 1.3360-1.3330 range, stop loss: above 1.3420

Tags

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