Daily Review Opening Week 2.12.2024
Hi friends, good morning, an interesting day for us after 4 days when the market was closed due to a holiday in the US, enough time to rest and plan our next moves on the market.
In terms of news, a relatively calm day with two interesting 3-star reports (stars indicate the level of importance of the lowest report, 1 to 3 being the most influential).
Purchasing Managers' Index - Manufacturing Sector (Nov) Neutral outlook, if it is above 48.8, positive trends in the market are expected.
ISM Manufacturing Sector Index (Nov) Negative outlook, we would like to see a more neutral or positive result in practice, when the results come out we will know how to act.
Technically, we are currently stuck in a trending TR (trading range), I would not rule out continued declines, although it seems that we have turned to increases, especially in light of the declines that opened the weekly candle for us.
In terms of news, a relatively calm day with two interesting 3-star reports (stars indicate the level of importance of the lowest report, 1 to 3 being the most influential).
Purchasing Managers' Index - Manufacturing Sector (Nov) Neutral outlook, if it is above 48.8, positive trends in the market are expected.
ISM Manufacturing Sector Index (Nov) Negative outlook, we would like to see a more neutral or positive result in practice, when the results come out we will know how to act.
Technically, we are currently stuck in a trending TR (trading range), I would not rule out continued declines, although it seems that we have turned to increases, especially in light of the declines that opened the weekly candle for us.
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