New York Manufacturing Index Remains Negative In Augustfxcue.com

(fxcue news) - New York manufacturing activity edged slightly lower in the month of August, the Federal Reserve Bank of New York revealed in a report on Thursday. The New York Fed said its general business conditions index rose to a negative 4.7 in August from a negative 6.6 in July, but a negative reading still indicates contraction. Economists had expected the index to inch up to a negative 6.0. The report said the new orders index tumbled to a negative 7.9 in August from a negative 0.6 in July, pointing to a decline in orders. The shipments index also fell to 0.3 in August from 3.9 in July, suggesting shipments were flat during the month. Meanwhile, the number of employees index crept up to a negative 6.7 in August from a negative 7.9 in July, although the negative reading points to another month of employment reductions. The report also said the prices paid index dipped to 23.4 in August from 26.5 in July, while the prices received index rose to 8.5 in August from 6.1 in July. Looking ahead, the New York Fed said firms remained fairly optimistic that conditions would improve in the months ahead. The index for future business conditions slipped to 22.9 in August from 25.8 in July.

New York Manufacturing Index Remains Negative In August

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New York Manufacturing Index Remains Negative In August

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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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New York Manufacturing Index Remains Negative In August

U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

U.S. Import Prices Unexpectedly Inch Up 0.1% In July

U.S. Housing Market Index Unexpectedly Drops To Eight-Month Low In August

U.S. Dollar Drops Amid Fed Rate Cut Prospects

U.S. Retail Sales Jump Much More Than Expected Amid Rebound By Auto Sales

Philly Fed Index Unexpectedly Tumbles Into Negative Territory In August

New York Manufacturing Index Remains Negative In August

Pfizer

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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