Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In Octoberfxcue.com

(fxcue news) - MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October. The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0. The unexpected decrease dragged the Chicago business barometer down to its lowest level since May 2024. The steep drop by the Chicago business barometer came as the production index plunged by 7.8 basis points to its lowest level since April due to nearly 40 percent of respondents reporting lower production. The new orders and order backlogs indexes also dove by 4.6 points and 8.5 points, respectively, falling to their lowest levels since May. MNI Indicators said the employment index also slumped by 5.5 points, as over 90 percent of respondents reported same or smaller employment. On the inflation front, the prices paid index softened by 7.0 points after reaching its highest level since August 2023 in September.

Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October

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Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October

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Trader

Spot gold trading has returned to normal pace, with stable profits from light positions.

Heavy position trading, only short-term trading, with a profit or loss of $3. Today's gold trading resulted in a profit.

The gold market is fluctuating, and all trades are profitable.

Today's spot gold trading yielded profits and was eliminated

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Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October

Sensex

Pound Falls After Autumn Statement

Asian Markets Trade Mixed

Taiwan Manufacturing PMI Slows To 50.2 In October - S&P Global

Indonesia Stock Market May Take Further Damage On Thursday

European Stocks Close Notably Lower On Weak Earnings

Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October

U.S. Consumer Price Inflation Data Largely In Line With Estimates In September

Please sign in

Trader

Spot gold trading has returned to normal pace, with stable profits from light positions.

Heavy position trading, only short-term trading, with a profit or loss of $3. Today's gold trading resulted in a profit.

The gold market is fluctuating, and all trades are profitable.

Today's spot gold trading yielded profits and was eliminated

Recently, gold trading has mainly focused on buying at low levels, and we have already made a profit today.

Starting trading this week, gold has made a profit

On the last trading day of this week, which is also a non farm day, gold was bought at a low level and all profits were made, perfect.

Non farm days, gold trading game, stop loss out.

Today's non farm payroll data is too unexpected, it feels like it's being 'falsified'. Gold trading takes profit and exits, trading ends this week, and we will fight again next week.

Buy gold and take profit

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