Home › News › Content

U.S. Producer Prices Rise Slightly More Than Expected In August

2024-09-07 4678

(fxcue news) - A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its producer price index for final demand crept up by 0.2 percent in August, while revised data showed prices were unchanged in July. Economists had expected producer prices to inch up by 0.1 percent, matching the uptick originally reported for the previous month. Meanwhile, the report said the annual rate of producer price growth slowed to 1.7 percent in August from a downwardly revised 2.1 percent in July. The year-over-year increase by producer prices was expected to decelerate to 1.8 percent from the 2.2 percent originally reported for the previous month.

This page link：http://www.fxcue.com/136802.html
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights

Like (3669)

Canadian Market Modestly Higher

European Economic News Preview: Eurozone Industrial Output Data Due

ECB Cuts Interest Rates On Weaker Eurozone Growth Outlook

Sensex

U.S. Dollar Extends Decline Against Majors

BoE Softens Capital Regime For Banks

U.S. Producer Prices Rise Slightly More Than Expected In August

U.S. Jobless Claims Inch Up To 230

Please sign in

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at FXCue are those of the individual authors and do not necessarily represent the opinion of FXCue or its management. FXCue has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and omissions may occur. Any opinions, news, research, analyses, prices or other information contained on this website, by FXCue, its employees, clients or contributors, is provided as general market commentary and does not constitute investment advice. FXCue will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

U.S. Producer Prices Rise Slightly More Than Expected In August

Canadian Market Modestly Higher

European Economic News Preview: Eurozone Industrial Output Data Due

ECB Cuts Interest Rates On Weaker Eurozone Growth Outlook

Sensex

U.S. Dollar Extends Decline Against Majors

BoE Softens Capital Regime For Banks

U.S. Producer Prices Rise Slightly More Than Expected In August

U.S. Jobless Claims Inch Up To 230

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, 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 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

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.

Tags

U.S. Producer Prices Rise Slightly More Than Expected In August

Canadian Market Modestly Higher

European Economic News Preview: Eurozone Industrial Output Data Due

ECB Cuts Interest Rates On Weaker Eurozone Growth Outlook

Sensex

U.S. Dollar Extends Decline Against Majors

BoE Softens Capital Regime For Banks

U.S. Producer Prices Rise Slightly More Than Expected In August

U.S. Jobless Claims Inch Up To 230

Please sign in

Trader

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

Buy more directly near the current gold price of 2626, 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 2623, 2620, and 2614;

Gold has emerged from the convergence triangle, and you can buy long after the afternoon rebound. Pay attention to the support levels of 2620 and 2616 below, and the pressure level of 2633 above! Buy long near gold 2622 and 2618, stop loss 2612, target 2633-40

Spot gold: buy long at 2616-10, stop loss at 7 points, target 28-36, look up in sequence;2632-38 short selling, stop loss of 7 points, target 16-10-06 stage open positions to gradually reduce positions. Let's take a look below;

Gold rebounds with a short selling range of 2635-2640, with a stop loss of 2649 and a target range of 2598-2600;

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.

Tags

关注我们的公众号