Japan Private Sector Contracts For First Time In 4 Monthsfxcue.com

(fxcue news) - Japan's private sector fell into the contraction zone for the first time in four months in October, the Purchasing Managers' survey compiled by S&P Global showed on Thursday. The au Jibun Bank flash composite output index posted 49.4 compared to 52.0 in the previous month. A score below 50 suggests contraction. Both manufacturing and services shrank in October due to a muted economy and subdued new order inflows. Suggesting a strong deterioration in manufacturing conditions, the flash factory Purchasing Managers' Index dropped to 49.0 from 49.7 in September. The flash services PMI registered 49.3, down from 53.1 in September. This was the biggest fall since February 2022. After three months of expansion, new business received by the companies decreased moderately in October. Domestic orders dropped on weaker activity and orders from abroad fell the most since February 2023. Confidence about the business activity growth over the coming twelve months softened and was the least pronounced since August 2020. Respondents cited the current economic malaise and the stubbornness of high prices damped sentiment. Firms registered a stronger rate of output charge inflation for the second successive month and that was well above the series average.

Japan Private Sector Contracts For First Time In 4 Months

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Japan Private Sector Contracts For First Time In 4 Months

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EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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Japan Private Sector Contracts For First Time In 4 Months

Sensex

Japan Private Sector Contracts For First Time In 4 Months

Dollar Rises Against Major Counterparts

Sensex

Sensex

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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