US ISM Services PMI dropped sharply from 53.5 to 50.8 in March, falling well short of expectations (53.1). While business activity improved to 55.9, the gain was overshadowed by deteriorating demand and labor market conditions. New orders fell from 52.2 to 50.4, barely holding above stagnation. Employment index plunged from 53.9 to 46.2—marking the first […]
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Daily Pivots: (S1) 0.8491; (P) 0.8541; (R1) 0.8621; More… Intraday bias in EUR/GBP remains on the upside for the moment. Current rise from 0.8221 is in progress for 0.8624 key cluster resistance next. Decisive break Read more…
Global market sentiment is showing tentative signs of stabilization. The tone improved slightly as US Treasury Secretary Scott Bessent signaled that for countries choosing not to retaliate, the US has already reached a “maximum tariff Read more…
One of the little-discussed by-products of the massive financial market turmoil since the end of March is who the losers might be. Aside from investors, of course. 💵💰Don’t miss the move: Subscribe to TheStreet’s free Read more…