Chicago Business Barometer Unexpectedly Deceases In Decemberfxcue.com

(fxcue news) - Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer slid to 36.9 in December from 40.2 in November, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 42.5. With the unexpected decrease, the Chicago business barometer fell for the third straight month, dropping to its lowest level since May. The decline by the Chicago business barometer was primarily due to a steep drop by the new orders index, which plunged by 13.5 points to its second lowest level since May 2020. Over half of respondents reported fewer new orders for the first time since June 2020, MNI Indicators said. The production index also fell by 2.9 points, hitting its lowest level since January 2009, with the expectation of April-May 2020 during the pandemic. Meanwhile, the report said the employment index surged by 11.9 points to its highest level since November 2023 amid an increase in firms keeping employment stable and reviewing future staffing levels. MNI Indicators also said the prices paid index slid by 5.8 points to its lowest level since July.

Chicago Business Barometer Unexpectedly Deceases In December

Swiss Market Ends On Firm Note

Bay Street Likely To Open Slightly Higher

Sensex

Sensex

Australian Market Notably Lower

Bay Street Seen Opening On Mixed Note

Chicago Business Barometer Unexpectedly Deceases In December

U.S. Pending Home Sales Surge To Highest Level Since February 2023

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Trader

Short selling of gold 2645/2647, looking down at 26352630.

Short selling gold 2640, stop loss 2648, target 2610-2600;

When the price of spot silver reaches 28.8, buy long in the short term and stop loss at 28.65. Target 29.2, if the price successfully breaks through this level, we can further focus on the pressure level of 29.5 and take profits in a timely manner according to the actual market trend.

Gold trading strategy: Suggest short selling around 2640-2638, stop loss at 2645, target at 2630-2625, suggest buying long around 2620-2622, stop loss at 2615, target at 2635-2640;

Suggestions for spot gold trading operations:Short selling at 2635-37, stop loss at 2646, target at 2626-20. Buy long at 2620-22, stop loss at 2614, target at 2630-40.

Gold trading: Sell near 2639, protect 2649, target 2620-2600;

Spot gold trading strategy 1: Short sell when the rebound reaches around 2636 or above, with a loss of 2642. Short look around 2610, with a target of 2600-2595; Strategy 2: Buy long in the short term until the first drop below 2600, with a loss of 2592, and see a profit of 10-15 US dollars.

Tags

Chicago Business Barometer Unexpectedly Deceases In December

Swiss Market Ends On Firm Note

Bay Street Likely To Open Slightly Higher

Sensex

Sensex

Australian Market Notably Lower

Bay Street Seen Opening On Mixed Note

Chicago Business Barometer Unexpectedly Deceases In December

U.S. Pending Home Sales Surge To Highest Level Since February 2023

Please sign in

Trader

Short selling of gold 2645/2647, looking down at 26352630.

Short selling gold 2640, stop loss 2648, target 2610-2600;

When the price of spot silver reaches 28.8, buy long in the short term and stop loss at 28.65. Target 29.2, if the price successfully breaks through this level, we can further focus on the pressure level of 29.5 and take profits in a timely manner according to the actual market trend.

Gold trading strategy: Suggest short selling around 2640-2638, stop loss at 2645, target at 2630-2625, suggest buying long around 2620-2622, stop loss at 2615, target at 2635-2640;

Suggestions for spot gold trading operations:Short selling at 2635-37, stop loss at 2646, target at 2626-20. Buy long at 2620-22, stop loss at 2614, target at 2630-40.

Gold trading: Sell near 2639, protect 2649, target 2620-2600;

Spot gold trading strategy 1: Short sell when the rebound reaches around 2636 or above, with a loss of 2642. Short look around 2610, with a target of 2600-2595; Strategy 2: Buy long in the short term until the first drop below 2600, with a loss of 2592, and see a profit of 10-15 US dollars.

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