China Services Sector Slows In November

(fxcue news) - The services sector in China continued to expand in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 51.5. That's down from 52.0 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Services activity growth slowed in line with the trend for new business. While improvements in underlying demand and market conditions supported another rise in new business, the rate of growth eased from October and was below average. Export business rose at a faster pace compared with overall new business but also saw the rate of growth moderate from October. Despite the slowdown in new business growth, the level of outstanding business increased for a fourth straight month in November. This resulted in further job creation in the Chinese service sector as firms sought to hire additional staff to cope with higher workloads. The rates at which outstanding business and employment rose were marginal, however.

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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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China Services Sector Slows In November - Caixin

U.S. Private Sector Employment Climbs Slightly Less Than Expected November

Pound Falls Against Most Majors

Pound Falls As BoE Governor Bailey Signals Four Rate Cuts Next Year

European Stocks Close Higher Ahead Of Key Economic Data

Japanese Market Modestly Lower

Canadian Market Modestly Higher; Materials

China Services Sector Slows In November - Caixin

Eurozone Private Sector Re-Enters Contraction Zone

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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