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Philly Fed Index Unexpectedly Slides Further Into Negative Territory In December

2024-12-12 3826

(fxcue news) - Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction. Economists had expected the index to climb to a positive 3.0. Looking ahead, the Philly Fed said the survey's broad indicators for future activity continue to suggest widespread expectations for growth over the next six months, although the diffusion index for future general activity plunged to 30.7 in December from 56.6 in November.

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Philly Fed Index Unexpectedly Slides Further Into Negative Territory In December

European Shares Set To Drift Lower On Hawkish Tilt By Fed

Sensex

European Stocks Close Higher Ahead Of Fed

Bank Of England Holds Key Rate Steady; More Members Sought Reduction

U.S. Economy Unexpectedly Grows More Than Previously Estimated In Q3

U.S. Jobless Claims Pull Back More Than Expected

Philly Fed Index Unexpectedly Slides Further Into Negative Territory In December

U.S. GDP Unexpectedly Surges More Than Previously Estimated In Q3

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Trader

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.

Today, I made two gold trades and achieved a perfect profit

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Philly Fed Index Unexpectedly Slides Further Into Negative Territory In December

European Shares Set To Drift Lower On Hawkish Tilt By Fed

Sensex

European Stocks Close Higher Ahead Of Fed

Bank Of England Holds Key Rate Steady; More Members Sought Reduction

U.S. Economy Unexpectedly Grows More Than Previously Estimated In Q3

U.S. Jobless Claims Pull Back More Than Expected

Philly Fed Index Unexpectedly Slides Further Into Negative Territory In December

U.S. GDP Unexpectedly Surges More Than Previously Estimated In Q3

Please sign in

Trader

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.

Today, I made two gold trades and achieved a perfect profit

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