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Philly Fed Index Pulls Back Sharply In February

2025-02-12 2477

(fxcue news) - Philadelphia-area manufacturing activity continued to expand in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the index of activity in the sector pulled back sharply. The Philly Fed said its diffusion index for current general activity plunged to 18.1 in February after skyrocketing to 44.3 in January, but a positive reading still indicates growth. Economists had expected the index to slump to 20.0. Looking ahead, the Philly Fed said firms continue to expect growth over the next six months, although expectations were less widespread.

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Philly Fed Index Pulls Back Sharply In February

Japanese Market Sharply Lower

U.S. Housing Starts Pull Back More Than Expected In January

U.S. Housing Starts Pull Back Sharply Off Eleven-Month High In January

Sensex

U.S. Weekly Jobless Claims Rise More Than Expected

Australian Market Significantly Lower

Philly Fed Index Pulls Back Sharply In February

FTSE 100 Slightly Lower In Cautious Trade

Please sign in

Trader

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Tags

Philly Fed Index Pulls Back Sharply In February

Japanese Market Sharply Lower

U.S. Housing Starts Pull Back More Than Expected In January

U.S. Housing Starts Pull Back Sharply Off Eleven-Month High In January

Sensex

U.S. Weekly Jobless Claims Rise More Than Expected

Australian Market Significantly Lower

Philly Fed Index Pulls Back Sharply In February

FTSE 100 Slightly Lower In Cautious Trade

Please sign in

Trader

Buy more gold at 2930, look up at 29402950.

Gold trading strategy: Sell near 2947, protect 2955, target 2930; Break through holding;

Buy more crude oil at 72, stop loss at 71.5, target at 73.1, 73.6, and 74

Buy long on EUR/USD 1.04750, stop loss at 1.04550, target at 1.05100 and 1.05300-1.05500

Buy long at 32.75 silver, stop loss at 32.55, target at 33.2 and 33.5-33.7

Buy long at 2920 gold, stop loss at 2914, target at 2942 and 2950-2955, and break at 2962 and 2976-2982;

Gold trading strategy: Short position at 2958-62, replenish position at 2968 after breaking through. Stop loss: Each stop loss is 7 points, or a unified stop loss of 2974. Goal: 2930-24-16, break the level and continue to reduce holdings;

Short selling of US crude oil at 72.55, stop loss at 73, targets at 72, 71.7, and 71.3

EUR/USD 1.04000 try long, stop loss 1.03850, target pressure at 1.04400 and 1.04650, break at 1.04800

Today's silver trading strategy: Stop loss at 32.35 and aim for pressure at 32.8 and 33.

Tags

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