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In focus today In the euro area, focus turns to the final manufacturing PMI data for May. Manufacturing rose more than expected to 49.4 in the flash release showing limited signs of trade uncertainty. From the US, ISM manufacturing survey for May is due for release in the afternoon. Regional Fed manufacturing indices and the […]

The post A Week of Important Data Releases Amid Ongoing Tariff Uncertainty appeared first on Action Forex.

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04/04/2025

AUD/USD Top Loser of Asian/Early European Trading on Friday

AUDUSD was sharply down during Asian / early European sessions on Friday, falling over 2% so far and being the top loser of the day. The Ausie dollar remains under strong pressure from risk aversion that continue to weaken stocks and commodities, with stronger dollar on Friday morning, adding to negative near term outlook. Today’s […]
16/01/2024

EURCHF Wave Analysis

EURCHF reversed from support level 0.9300 Likely to rise to resistance level 0.9400 EURCHF currency pair recently reversed up from the key support level 0.9300 (intersecting with the lower weekly Bollinger Band and the support trendline of the weekly down channel from the start of 2023). The upward reversal from the support level 0.9300 stopped […]
21/03/2024

Sunset Market Commentary

Markets The EMU economy came close to stabilizing in March with price pressures easing. The composite PMI recovered slightly more than hoped, from 49.2 to 49.9 (vs 49.7 consensus), matching the best (least bad) outcome since June of last year. Divergence between a weak export-oriented manufacturing sector (45.7 from 46.5) and a recovering domestic services […]