U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contractionfxcue.com

(fxcue news) - The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing increased by more than expected in the month of November but continued to indicate a contraction. The ISM said its manufacturing PMI rose to 48.4 in November from 46.5 in October, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 47.5. The bigger than expected advance by the manufacturing PMI came amid a turnaround by new orders, as the new orders index jumped to 50.4 in November from 47.1 in October. The report also said the production index crept up to 46.8 in November from 46.2 in October, while the employment index surged to 48.1 in November from 44.4 in October. Meanwhile, the ISM said the prices index slumped to 50.3 in November from 54.8 in October, suggesting just a modest increase by raw materials prices. The ISM is scheduled to release a separate report on service sector activity in the month of November on Wednesday. Economists currently expected the ISM's services PMI to edge down to 55.6 in November from 56.0 in October, but a reading above 50 would still indicate growth.

U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

Swiss Market Ends On Firm Note

Taiwan Stock Market Expected To Halt Losing Streak

Sensex

Philippines Manufacturing Sector Accelerates In November - S&P Global

European Stocks Close Higher Despite Weak PMI Reports

European Shares Seen Mixed Amid Dispute Over French Budget

U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

Taiwan Manufacturing Sector Picks Up Steam In November - S&P Global

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. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

Swiss Market Ends On Firm Note

Taiwan Stock Market Expected To Halt Losing Streak

Sensex

Philippines Manufacturing Sector Accelerates In November - S&P Global

European Stocks Close Higher Despite Weak PMI Reports

European Shares Seen Mixed Amid Dispute Over French Budget

U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

Taiwan Manufacturing Sector Picks Up Steam In November - S&P Global

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