The latest PMI business surveys on Thursday will reveal how much damage the war has inflicted on the Eurozone economy. The show will get started with the French numbers at 08:15 GMT. Forecasts from economists suggest a very small economic impact, but that seems unrealistic considering all the uncertainty lately. Instead, the data might reflect […]
The post Euro on Recession Watch ahead of PMI Surveys appeared first on Action Forex.
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Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…
China’s economic activity showed a stronger-than-expected start to 2026, with key indicators rebounding in the January–February period. Industrial production rose 6.3% yoy, well above market expectations of 5.1%. Retail sales increased 2.8% yoy, also beating Read more…