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U.S. Producer Prices Climb More Than Expected In November

2024-12-08 4840

(fxcue news) - A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by more than expected in the month of November. The Labor Department said its producer price index for final demand climbed by 0.4 percent in November after rising by an upwardly revised 0.3 percent in October. Economists had expected producer prices to inch up by 0.2 percent, matching the uptick originally reported for the previous month. The report also said the annual rate of producer price growth accelerated to 3.0 percent in November from an upwardly revised 2.6 percent in October. The annual rate of producer price growth was expected to rise to 2.6 percent from the 2.4 percent originally reported for the previous month.

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U.S. Producer Prices Climb More Than Expected In November

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U.S. Producer Prices Climb More Than Expected In November

Japanese Market Sharply Higher

Asian Markets Trade Mostly Higher

Australian Market Notably Lower

European Shares Poised For Mixed Open Ahead Of ECB Rate Decision

ECB Cuts Deposit Rate To 3.00%

Hong Kong Shares Likely To Open To The Downside On Friday

U.S. Producer Prices Climb More Than Expected In November

Japanese Market Significantly Lower

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Trader

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.

Today, I made two gold trades and achieved a perfect profit

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U.S. Producer Prices Climb More Than Expected In November

Japanese Market Sharply Higher

Asian Markets Trade Mostly Higher

Australian Market Notably Lower

European Shares Poised For Mixed Open Ahead Of ECB Rate Decision

ECB Cuts Deposit Rate To 3.00%

Hong Kong Shares Likely To Open To The Downside On Friday

U.S. Producer Prices Climb More Than Expected In November

Japanese Market Significantly Lower

Please sign in

Trader

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.

Today, I made two gold trades and achieved a perfect profit

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