Eurozone PMI data for March point to growing stagflation risk, with rising cost pressures colliding with slowing growth. PMI Manufacturing rose from 50.8 to 51.4, marking a 45-month high. But this strength was offset by weakness in services, where PMI Services fell from 51.9 to 50.1. As a result, PMI Composite declined from 51.9 to […]
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Daily Pivots: (S1) 0.7180; (P) 0.7204; (R1) 0.7225; More… Intraday bias in AUD/USD is turned neutral first with current extended retreat. Further rise will remain in favor as long as 0.7101 support holds. On the Read more…
Dollar is rising as risk aversion creeps back into global markets as the US–Iran ceasefire comes under increasing strain. Developments over the past 48 hours suggest the fragile truce is under mounting pressure, raising the Read more…
The RBA has made one thing clear: it is not done yet. By lifting the cash rate to 4.35%, with the decision backed by an 8–1 majority, and signaling a path toward 4.7% by the Read more…