US PMI data for March point to a deteriorating growth-inflation balance, with activity slowing while price pressures rise. PMI Manufacturing improved from 51.6 to 52.4, but PMI Services fell from 51.7 to 51.1, an 11-month low. This pulled PMI Composite down from 51.9 to 51.4, also marking its weakest level in nearly a year. The […]
The post US PMIs point to 4% inflation and 1% growth appeared first on ActionForex.
Key takeaways Macro risks and policy divergence in focus: Markets are bracing for the Reserve Bank of Australia rate decision, while strong US data reinforces a “higher-for-longer” Fed stance. Meanwhile, escalating US–Iran tensions have pushed Read more…
Key Highlights Gold started a fresh decline below the $4,650 support. A connecting bearish trend line is forming with resistance at $4,610 on the 4-hour chart. WTI Crude Oil regained traction and climbed above $105. Read more…
Gold resumed its near-term slide as tensions in the Strait of Hormuz escalated sharply, after Iran struck multiple vessels and set a UAE oil port ablaze. The developments triggered a fresh surge in oil prices Read more…