Eurozone Composite PMI was finalized at 50.2 in January, up from 49.6 in December, marking the first month of economic expansion since August. However, PMI Services Index was finalized at 51.3, down from prior month’s1.6, suggesting that while the services sector remains in growth territory, momentum is fading. Among individual countries, Spain led the expansion […]
The post Eurozone PMI services finalized at 51.3, no major growth leap expected appeared first on Action Forex.
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USD/JPY is testing a crucial support level. BOJ rate hike expectations are growing on the back of strong data. Key support levels are at 151.53 and 150.00, while resistance levels are at 153.91, 155.00, and Read more…
ECB Chief Economist Philip Lane emphasized the need for a balanced approach in the easing cycle, advocating a measured pace to avoid either stifling economic growth or fueling excessive inflation. He highlighted that a “middle Read more…