China Manufacturing PMI Falls Ino Contraction

(fxcue news) - The manufacturing sector in China fell into contraction territory in September, the latest survey from Caixin revealed on Monday with a manufacturing PMI score of 49.3. That's down from 50.4 in August, and it slips beneath the boom-or-bust line of 50 that separates expansion from contraction. Incoming new orders for Chinese manufactured goods declined at the fastest pace since September 2022, attributed to falling underlying demand, heightening competition and subdued market conditions, according to panelists. This included export orders, with softening economic conditions abroad negatively affecting foreign demand. Firms in the investment goods sector recorded the fastest fall in overall new work. The survey also showed that the services PMI came in at 50.3, down from 51.6 in August. New business inflows for services firms in China expanded for a twenty first straight month in September as underlying demand conditions improved. New product launches were often mentioned as reasons supporting higher demand as well. That said, the rate of expansion decelerated to the slowest in nearly a year.

China Manufacturing PMI Falls Ino Contraction - Caixin

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Trader

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

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China Manufacturing PMI Falls Ino Contraction - Caixin

Japanese Market Sharply Lower; Plunges 4%

Sensex

Asian Markets Track Wall Street Higher

China NBS Manufacturing PMI Improves To 49.8 In September

China Manufacturing PMI Falls Ino Contraction - Caixin

Crude oil trading analysis: Israel 'bows left and right' to support oil prices, but still needs to pay attention to changes in supply prospects and expectations

Mitsubishi UFJ: It's time to bet on the Australian dollar, look up at 0.7158!

Australia Private Sector Credit +0.5% On Month In August

Please sign in

Trader

Buy spot gold at 2665, take profit at 2673.

Today, the profit from gold trading has been obtained, and we will continue to buy at a low level.

Gold operation strategy: sell in the 2663-2669 area, add position and sell in the 2675 area, manual stop loss, target 2614-2600-2584;

Profit and loss taking in gold trading

The gold trading recommendation is to sell at 2658/2660, take a look at 26482640, and buy with 2640 support below.

In the morning session of the Asian market, both EURUSD and GBPUSD traded with stop loss, while XAUUSD made a profit

Today's gold trading advice: Sell near 2641-43, stop loss 2650, target 2623-12. Buy near 2614-16, stop loss 2606, target 2624-35.

Before the gold price touched above 2660, it was bought based on a pullback around 2625. If gold doesn't go back and goes up directly, then wait until 2660-2680 to sell.

Today's crude oil operation adopts a high sell low buy strategy, with a focus on resistance at $70.2-71.2 above and support at $68.4-67.5 below.

Gold morning trading strategy: Buy directly near 2639, target 2652-2662; If it is sold around 2652 and 2662 for the first time; If given around 2630 and 2622, you can buy in batches;

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