U.S. Business Inventories Inch Up In Line With Estimates In Octoberfxcue.com

(fxcue news) - Business inventories in the U.S. crept slightly higher in the month of October, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories inched up by 0.1 percent in October, while revised data showed business inventories were unchanged in September. Economists had expected business inventories to edge up by 0.1 percent, matching the uptick originally reported for the previous month. The modest increase by business inventories came as both retail and wholesale inventories rose by 0.2 percent, more than offsetting a 0.1 percent dip by manufacturing inventories. Meanwhile, the Commerce Department said business sales came in unchanged in October after rising by 0.3 percent in September. Retail sales climbed by 0.4 percent, while manufacturing sales slipped by 0.2 percent and wholesale sales edged down by 0.1 percent. The report also said the total business inventories/sales ratio came in at 1.37 in October, unchanged from the previous month.

U.S. Business Inventories Inch Up In Line With Estimates In October

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U.S. Business Inventories Inch Up In Line With Estimates In October

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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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U.S. Business Inventories Inch Up In Line With Estimates In October

Canadian Market Modestly Lower After Inflation Data

U.S. Retail Sales Climb More Than Expected As Auto Sales Extend Surge

European Stocks Close Higher Ahead Of Fed

Swiss Market Ends Notably Lower

Sensex

European Shares Seen Lower At Open As Investors Await Fed Decision

U.S. Business Inventories Inch Up In Line With Estimates In October

U.S. Industrial Production Unexpectedly Edges Lower In November

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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