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Singapore Private Sector PMI Eases To 53.9 In November - S&P Global

2024-11-29 2991

(fxcue news) - The private sector in Singapore continued to expand in November, albeit at a slower pace, the latest survey from S&P Global showed on Tuesday with a PMI score of 53.9. That's down from 55.5 in October, although it remains above the boom-or-bust line of 50 that separates expansion from contraction. Promotional efforts and rising client interests led to a twenty-third successive monthly expansion in new business. Despite softening to a 16-month low, the rate at which new business rose remained solid. This contributed to a strong rise in private sector output midway through the final quarter of the year. Detailed sector data revealed that the consumer services sector experienced the sharpest increases in both activity and new sales. Consequent of the solid uptick in new business inflows, backlogs accumulated.

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Singapore Private Sector PMI Eases To 53.9 In November - S&P Global

Strategist: Gold prices will never return to $2000 and will triple from current levels

France faces long-term turmoil, and the crisis in France intensifies after Macron's resignation?

Trump has just made a major personnel decision! The Wall Street Journal: Indicates Trump's determination to implement high tariff proposals

ADP employment data falls short of expectations to support gold prices, Powell releases cautious interest rate cuts, market awaits non farm payroll report

Powell suggests being more cautious as gold prices are still supported by multiple positive factors, with a focus on US employment data

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Singapore Private Sector PMI Eases To 53.9 In November - S&P Global

Trump's astonishing statement: Canada will become the 51st state of the United States! North American politicians have responded one after another

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12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

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Singapore Private Sector PMI Eases To 53.9 In November - S&P Global

Strategist: Gold prices will never return to $2000 and will triple from current levels

France faces long-term turmoil, and the crisis in France intensifies after Macron's resignation?

Trump has just made a major personnel decision! The Wall Street Journal: Indicates Trump's determination to implement high tariff proposals

ADP employment data falls short of expectations to support gold prices, Powell releases cautious interest rate cuts, market awaits non farm payroll report

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Singapore Private Sector PMI Eases To 53.9 In November - S&P Global

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Please sign in

Trader

12/27 Gold Day Short term Strategy Reference:1. First fall back, first see around 2623. Short buy again, lose 2615, target at 2643-2655-2673! 2. Rush high for the first time. Short sell at any time around 2655-58, with a loss of 2660. Target at 2643-2633-2623!

Buy long for spot gold at 2628 or 24, and sell short when it first rises close to 2644 or 2654. Last night, buy long around 2621 and sell short around 2639. Crude oil prices have increased from over 70 to 70.7, but short selling around 71 has not been achieved.

Buy near gold 2622, protect 2612, target 2634-2642;

Today's spot gold is in the short-term range of 2640-2620; Low absorption and high selling within the range; If it stabilizes at 2640-2645, it is necessary to buy long in the short term with a bullish trend; 2640-2645 is the position of the strong weak boundary point;

Today's spot gold operation is considering a pullback layout, with buying long orders as the main strategy and short selling high as a supplement. The upper focus is on the resistance of $2640-2657, and the lower focus is on the support of $2622-2613.

Last Friday's long gold trading took profit, and today's two short selling transactions also took profit, perfect

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