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New York Manufacturing Index Plunges Much More Than Expected In March

2025-03-13 3154

(fxcue news) - The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March. The New York Fed said its general business conditions index plunged to a negative 20.0 in March after jumping to a positive 5.7 in February, with a negative reading indicating contraction. Economists had expected the index to fall to a negative 1.9. Looking ahead, the report said optimism about the outlook waned considerably for a second consecutive month, as the index for future business activity slumped to 12.7 in March after tumbling to 22.2 in February.

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New York Manufacturing Index Plunges Much More Than Expected In March

U.S. Retail Sales Rebound In February But Much Less Than Expected

Canadian Market Set To End On Buoyant Note

China Industrial Output

U.S. Retail Sales Rebound Less Than Expected In February

Dollar Weakens With Cooling Inflation

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

New York Manufacturing Index Plunges Much More Than Expected In March

TSX Ends Sharply Higher

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New York Manufacturing Index Plunges Much More Than Expected In March

U.S. Retail Sales Rebound In February But Much Less Than Expected

Canadian Market Set To End On Buoyant Note

China Industrial Output

U.S. Retail Sales Rebound Less Than Expected In February

Dollar Weakens With Cooling Inflation

U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

New York Manufacturing Index Plunges Much More Than Expected In March

TSX Ends Sharply Higher

Please sign in

Trader

Gold 3020 buy long, stop loss 3010, target 3035

Short selling of US crude oil at 67-67.30, stop loss at 67.70, take profit at 66;

Short selling of gold at 3016.5, short selling at 3023-29 after breaking the level, stop loss: 7 points each, or a unified stop loss of 34. Target: 2994-86-80. Continue to reduce holdings after breaking the level;

Today's gold trading strategy: Short sell at 3000-3005, loss at 3013. Target to break through at 2990-2980 and compete at 2970. Callback 2970-2965 buy long, lose 2957. Target looks at 2995-3015

Buy 2982 in spot gold, stop loss 2977, target 2993-3000.

Two supports of gold 2970-80, buy more in line with the trend; Gold fell by 2985-90 in batches, with a loss of 2978 and a target of 3000-3005;

Buy more US crude oil at 67, stop loss at 66.5, target at 68 and 68.5-69

Tags

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