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Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank

2024-11-15 1456

(fxcue news) - The manufacturing sector in Australia continued to contract in November, albeit at a slower pace, the latest survey from Judo Bank revealed on Friday with a manufacturing PMI score of 49.4. That's up from 47.3 in October, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. The survey also showed that the services PMI fell to 49.6 from 51.0 in the previous month. The composite PMI fell to 49.4 in November from 50.2 on October The renewed fall in business activity reflected a first reduction in services activity for ten months and a sustained contraction in manufacturing. Survey data revealed that services new business growth slowed after having been solid at the start of the fourth quarter, thereby leading to the drop in services activity. Manufacturing output meanwhile completed two years of continuous monthly declines, albeit with the latest reduction the softest in six months.

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Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank

Sensex

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Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank

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Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank

Sensex

Malaysia Shares Due For Support On Friday

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

Bay Street Seen Opening Higher

Dollar Recovers From Early Weakness

Canadian Market Modestly Higher In Cautious Trade

Australia Manufacturing PMI Improves To 49.4 In November - Judo Bank

South Korea Shares May Bounce Higher Again On Friday

Please sign in

Trader

Today, I made a profit from gold trading and was eliminated.

There are a lot of gold buying orders, all of which are profitable.

Selling and buying gold both generate profits

Today, there was a slight loss in foreign exchange trading...

This week's silver trading strategy can be carried out as follows: you can place a short order at the position of 31, set the stop loss level to 31.8, and first look towards 30.55 and 30.0.

Gold strategy: 2673-2682, sell near the dividing line, buy below 2660, steady at 2656 with buy, do not participate in buy if the level breaks 2650.

The spot gold price should focus on the vicinity of 2650. As long as it can stabilize above 2650, we can rely on the vicinity of 2650 to enter the market and buy.

Operation suggestion: Buy near 2690 gold with a loss of 2682, look at 2710 and 2720; If the decline is significant, then rely on 2670 support to buy!

Early trading strategy for the Asian gold market: Buy near the current gold price of 2700, with a target of 2728-2740-2756; If it is sold around the three o'clock mark of 2728, 2740, and 2756 for the first time; If given around three o'clock, 2706, 2700, 2692, you can buy in batches;

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