Logo-color Logo-white

The ISM Services index fell 2.7 points to 50.8 in March, short of the 52.9 consensus was expecting. Ten of eighteen industries reported growth in March, down from fourteen in February. Business activity advanced, rising 1.5 points to 55.9. New orders fell to 50.4, extending its downward trajectory, and just above the 50 cut-off for […]

The post ISM Services Index Tumbles in March as New Orders and Employment Slump appeared first on Action Forex.

previous

EUR/USD Surges as PMI Boosts EUR, US Dollar Under Pressure from Tariffs

next

Strategic Implications of “Liberation Day”

Read More

18/10/2024

EURGBP Goes Back to a Downtrend

EURGBP charts new 2 ½-year low after UK retail sales beat estimates Short-term bias is skewed to the downside, but price near familiar support line EURGBP plunged to a new 2½-year low of 0.8293, weighed by upbeat UK retail sales at 4.0% y/y and a dovish ECB policy stance, which raised concerns about the eurozone’s […]
03/06/2024

EUR/USD: Eases on Weaker Demand, Markets Await ECB’s Verdict

The Euro started to lose traction in European trading on Monday, adding to initial warning from Friday’s daily candle with long upper shadow, which was formed after strong upside rejection. Initial signal of two-day recovery stall was boosted by a double-top formation on hourly chart (1.0858). Fresh weakness needs to clear pivotal support at 1.0825 […]
12/11/2024

GBP/USD Slips to 3-Month Low as Unemployment Rate Jumps

The British pound is down for a third straight trading day on Tuesday. In the European session, GBP/USD is trading at 1.2822, down 0.36% on the day. Earlier today, the pound fell below the 1.28 line for the first time since Aug. 15. UK employment rate climbs to 4.3% The UK employment report for the […]