India Service Sector Continues To Expand In Septemberfxcue.com

(fxcue news) - India service sector expanded at a solid pace in September but growth in total new business, exports and overall output grew at the slowest rates since late-2023, final data compiled by S&P Global showed on Friday. The HSBC services Purchasing Managers' Index fell to 57.7 in September from 60.9 in the previous month. The flash reading was 58.9. New business intakes grew sharply but the pace of expansion retreated to a ten-month low. New export orders growth moderated to the weakest in 2024 so far. Businesses were more confident in the outlook for output. Optimism was supported by projects pending approval and efficiency gains. Further, services employment growth extended to September. Output prices grew at the smallest degree in over two-and-a-half years. There was a quicker increase in overall business expenses. Data showed a general absence of capacity pressure at service providers. This was signaled by the outstanding business index, which registered broadly in line with the no-change mark of 50.0. The final composite output index declined to 58.3 from 60.7 in August. The score remained below the flash estimate of 59.3. Both factory output and services activity grew at slower rates.

India Service Sector Continues To Expand In September

India Service Sector Continues To Expand In September

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Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

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India Service Sector Continues To Expand In September

India Service Sector Continues To Expand In September

European Stocks Close Higher On Strong U.S. Jobs Data

European Shares Seen Flat To Higher At Open

Canadian Shares Slightly Weak In Cautious Trade

European Stocks Close Weak On Geopolitical Tensions

Canadian Market Up Firmly On Strong Economic Data; TSX Posts New High

U.S. Dollar Extends Gains As Solid PMI Data Reduces Prospects Of Aggressive Rate Cut

Stocks Climb Higher On Upbeat Jobs Data; Dow Hits New Record Closing High

Please sign in

Trader

Buy more near the opening of gold at around 2606, lose 2598, look at 2620, 2626; Short selling is available near 2647 first!

Gold trading: 2615 short selling, loss 2624, take profit 2593

Gold short selling stop loss...

Today's gold trading strategy 1: Buy long until it falls back to around 2589, lose 2582, look short around 2615, target 2620-25; Strategy 2: Short sell when the rebound reaches around 2625, with a loss of 2633. Short look around 2590, with a target of 2560.

Sell near spot gold 2604, protect 2614, target 2582-2570; Break through holding;

Gold bought more at 2590 in the morning session of the Asian market today, 2585, with a target of 2610.

Short term focus on the resistance line of 70.5-71.0 above crude oil, and short-term focus on the support line of 68.0-67.5 below.

Today's short-term operations in gold are mainly focused on rebound short selling, supplemented by buy long during pullbacks. The short-term focus above is on the resistance line of 2605-2610, while the short-term focus below is on the support line of 2575-2570.

Tags

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