U.S. Consumer Sentiment Improves Less Than Previously Estimated In Novemberfxcue.com

(fxcue news) - Consumer sentiment in the U.S. improved less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of 73.0. While the downward revision surprised economists, who had expected the reading to be upwardly revised to 73.7, the index is still above the final October reading of 70.5. Despite the unexpected downward revision, the consumer sentiment index is also still at its highest level since hitting 77.2 in April. "Post-election interviews were 1.3 points below the pre-election reading, moderating the improvement seen earlier in the month," said Surveys of Consumers Director Joanne Hsu. She added, "The expectations index surged for Republicans and fell for Democrats this month, a reflection of the two groups' incongruous views of how Trump's policies will influence the economy." The report said the index of consumer expectations climbed to 76.9 in November from 74.1 in October, while the current economic conditions index dipped to 63.9 in November from 64.9 in October. With regard to inflation expectations, the University of Michigan said year-ahead inflation expectations edged down to 2.6 percent in November from 2.7 percent in October, hitting the lowest level since December 2020. Long-run inflation expectations, on the other hand, rose to 3.2 percent in November from 3.0 percent in October. Uncertainty over long-run inflation also increased.

U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

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U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

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Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

Malaysia Shares Due For Support On Friday

Canadian Market Modestly Higher In Cautious Trade

Pound Slides Against Majors

South Korea Shares May Bounce Higher Again On Friday

Germany Narrowly Skirts Recession In Q3

European Stocks Close On Firm Note On Optimism About More Interest Rate Cuts

U.S. Consumer Sentiment Improves Less Than Previously Estimated In November

NZ Dollar Falls Amid RBNZ Rate Cut Prospects

Please sign in

Trader

EURUSD trading, selling for profit

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

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