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Philly Fed Index Unexpectedly Turns Negative In August

2024-08-08 4714

(fxcue news) - A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing softened overall in the month of August. The Philly Fed said its diffusion index for current general activity plunged to a negative 7.0 in August from a positive 13.9 in July, with a negative reading indicating contraction. Economists had expected the index to decrease to a positive 7.0. Looking ahead, the Philly Fed said firms continue to expect growth over the next six months, but expectations were less widespread this month.

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Philly Fed Index Unexpectedly Turns Negative In August

Australian Market Notably Higher

Cisco To Cut 7% Jobs

Japanese Market Notably Higher

Philly Fed Index Unexpectedly Turns Negative In August

Sensex

Asian Markets Track Wall Street Higher

U.S. Retail Sales Jump Much More Than Expected In July

U.S. Import Prices Unexpectedly Edge Higher In July

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.

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Philly Fed Index Unexpectedly Turns Negative In August

Australian Market Notably Higher

Cisco To Cut 7% Jobs

Japanese Market Notably Higher

Philly Fed Index Unexpectedly Turns Negative In August

Sensex

Asian Markets Track Wall Street Higher

U.S. Retail Sales Jump Much More Than Expected In July

U.S. Import Prices Unexpectedly Edge Higher In July

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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