The PMI reports showed contrasting trends between the US and the euro area in March. In the euro area, manufacturing PMI rose more than expected to 48.7 from 47.6, while the US index declined to 49.8 from 52.7. March marked the first time with the US index below 50 since last year, while the euro area […]
The post Weekly Focus – Mixed Signals from PMIs Amid Tariff Announcements appeared first on Action Forex.
ECB President Christine Lagarde emphasized the need for Europe to assert more control over its economic future in light of looming US tariffs, set to begin on April 2. In a France Inter radio interview, Read more…
Daily Pivots: (S1) 193.17; (P) 194.47; (R1) 195.20; More… Intraday bias in GBP/JPY remains neutral at this point. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. Read more…
Daily Pivots: (S1) 161.85; (P) 162.52; (R1) 162.96; More… Intraday bias in EUR/JPY remains neutral for the moment. Further rise is in favor as long as 160.73 support holds. Above 164.16 will resume the rally Read more…