U.S. Services Index Unexpectedly Inches Higher In Augustfxcue.com

(fxcue news) - The Institute for Supply Management released a report on Thursday unexpectedly showing a slight uptick by its reading on U.S. service sector activity in the month of August. The ISM said its services PMI inched up to 51.5 in August from 51.4 in July, with a reading above 50 indicating growth in the sector. Economists had expected the index to edge down to 51.1. "For a second straight month, the slow growth indicated by the Services PMI reading was reinforced by panelists' comments," said Steve Miller, Chair of the ISM Services Business Survey Committee. He added, "Slow-to-moderate growth was cited across many industries, while ongoing high costs and interest-rate pressures were often mentioned as negatively impacting business performance and driving softness in sales and traffic." The uptick by the headline index came as the new orders index crept up to 53.0 in August from 52.4 in July, indicating modestly faster growth. Meanwhile, the business activity index fell to 53.3 in August from 54.5 in July and the employment index dipped to 50.2 in August from 51.1 in July, but the readings above 50 still indicate growth. The report also said the prices index inched up to 57.3 in August from 57.0 in July, suggesting prices increased at a slightly faster rate. On Tuesday, the ISM released a separate report showing its reading on U.S. manufacturing activity saw a modest increase in the month of August but continued to indicate contraction. The ISM said its manufacturing PMI inched up to 47.2 in August from 46.8 in July, with a reading below 50 indicating contraction. Economists had expected the index to rise to 47.5.

U.S. Services Index Unexpectedly Inches Higher In August

Swiss Market Ends Notably Lower

U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

European Stocks Close Lower Again On Growth Concerns

U.S. Private Sector Job Growth In August Slowest Since January 2021

U.S. Labor Productivity Jumps 2.5% In Q2

Thai Stock Market Due For Profit Taking On Friday

U.S. Services Index Unexpectedly Inches Higher In August

Japanese Market Slightly Higher

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Trader

Spot gold trading profits are eliminated, and today's trading is over.

The gold market is not suitable for chasing long positions, selling at high levels is the main strategy, and taking profits from selling orders is eliminated.

Gold sell orders take profit and exit, the entry point is not very good, continue to wait for opportunities.

Crude oil and gold trading took profit, earning $15751.

Trading of USDJPY, EURUSD, and XAUUSD took profit and ended today.

This week, gold trading has maintained one order per day, with 4 orders profitable and 1 order losing, resulting in a total profit of 651 US dollars. We will continue to maintain this trend.

This week, foreign exchange gold trading incurred a total loss of $7855, with trading varieties including EURUSD, USDJPY, GBPUSD, and gold. It has been losing money for two consecutive weeks Come on next week, turn losses into profits.

This week, gold trading saw a slight profit of $130, and gold prices continue to hit new highs. If the Federal Reserve cuts interest rates, gold prices will continue to hit new highs.

This week, the gold trading made a total profit of $1437, and the gold price hit a new historical high. The market will continue to be strong next week, so be cautious in selling and close as soon as possible.

This week, the gold market has experienced a strong rise, reaching a historic high, with a total loss of $7131 in trading for the week.

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U.S. Services Index Unexpectedly Inches Higher In August

Swiss Market Ends Notably Lower

U.S. Labor Productivity Jumps More Than Previously Estimated In Q2

European Stocks Close Lower Again On Growth Concerns

U.S. Private Sector Job Growth In August Slowest Since January 2021

U.S. Labor Productivity Jumps 2.5% In Q2

Thai Stock Market Due For Profit Taking On Friday

U.S. Services Index Unexpectedly Inches Higher In August

Japanese Market Slightly Higher

Please sign in

Trader

Spot gold trading profits are eliminated, and today's trading is over.

The gold market is not suitable for chasing long positions, selling at high levels is the main strategy, and taking profits from selling orders is eliminated.

Gold sell orders take profit and exit, the entry point is not very good, continue to wait for opportunities.

Crude oil and gold trading took profit, earning $15751.

Trading of USDJPY, EURUSD, and XAUUSD took profit and ended today.

This week, gold trading has maintained one order per day, with 4 orders profitable and 1 order losing, resulting in a total profit of 651 US dollars. We will continue to maintain this trend.

This week, foreign exchange gold trading incurred a total loss of $7855, with trading varieties including EURUSD, USDJPY, GBPUSD, and gold. It has been losing money for two consecutive weeks Come on next week, turn losses into profits.

This week, gold trading saw a slight profit of $130, and gold prices continue to hit new highs. If the Federal Reserve cuts interest rates, gold prices will continue to hit new highs.

This week, the gold trading made a total profit of $1437, and the gold price hit a new historical high. The market will continue to be strong next week, so be cautious in selling and close as soon as possible.

This week, the gold market has experienced a strong rise, reaching a historic high, with a total loss of $7131 in trading for the week.

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