US Tariffs Drive EUR/USD Surge. Recent PMI data indicates continued growth in the Eurozone’s private sector, adding to the Euro’s strength. Market attention is currently focused on tariff developments and upcoming US economic data releases, including Services PMI and Nonfarm Payrolls. Will EUR/USD have what it takes to break the 1.1200 handle? EUR/USD is on […]
The post EUR/USD Surges as PMI Boosts EUR, US Dollar Under Pressure from Tariffs appeared first on Action Forex.
Daily Pivots: (S1) 0.8483; (P) 0.8658; (R1) 0.8769; More… USD/CHF’s steep decline is still in progress and there is no sign of bottoming yet. Intraday bias stays on the downside for 100% projection of 0.9196 Read more…
There’s no relief in sight for the markets as risk aversion extends into Friday’s Asian session. Japan’s Nikkei is leading the losses once again, falling over -3% and cementing a near 10% weekly drop — Read more…
Today’s US non-farm payrolls report comes as the markets are already reeling from this week’s tariff shock. With consensus expecting a 128k rise in jobs for March and the unemployment rate holding steady at 4.1%, Read more…