U.S. Consumer Prices Inch Up Slightly Less Than Expected In Novemberfxcue.com

(fxcue news) - Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices to increase by another 0.2 percent. The annual rate of growth by the PCE price index accelerated to 2.4 percent in November from 2.3 percent in October, slightly slower than 2.5 percent jump economists had expected. Excluding food and energy prices, the core PCE price index also edged up by 0.1 percent in November after climbing by 0.3 percent in October. Economists had expected core prices to rise by 0.2 percent. The annual rate of growth by the core PCE price index in November came in at 2.8 percent, unchanged from October, while economists had expected an acceleration to 2.9 percent. The inflation readings, which are preferred by the Federal Reserve, were included in a report on personal income and spending. The report said personal income rose by 0.3 percent in November after climbing by an upwardly revised 0.7 percent in October. Economists had expected personal income to rise by 0.4 percent compared to the 0.6 percent increase originally reported for the previous month. Meanwhile, personal spending climbed by 0.4 percent in November after rising by a downwardly revised 0.3 percent in October. Economists had expected personal spending to grow by 0.5 percent compared to the 0.4 percent advance originally reported for the previous month.

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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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U.S. Consumer Prices Inch Up Slightly Less Than Expected In November

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

Hong Kong Shares May Open In The Green On Friday

Steady Start Seen For China Stock Market

U.S. Consumer Prices Inch Higher In November

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

Russia Central Bank Unexpectedly Holds Key Rate

U.S. Consumer Prices Inch Up Slightly Less Than Expected In November

Philly Fed Index Unexpectedly Slides To Lowest Level In Over A Year In December

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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