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In focus today Today, focus turns to the final euro area PMI data for April. Revised manufacturing data has already revealed manufacturing rising to 49.0 from the preliminary print of 48.7. The index thus stands at the highest level since August 2022, which is much better than feared given the trade uncertainty that mainly affects […]

The post PMIs Take Center Stage, Lifting the Veil on Recent Trade Uncertainty appeared first on Action Forex.

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Trade Suspense Becomes Discouraging

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New Zealand Economic Outlook: Employment Concerns, RBNZ Decisions, and NZD/USD Analysis

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05/01/2024

It’s Payrolls Day

In focus today The first week of January will be concluded with the December Jobs Report at 14:30 CET, and ISM services index at 16:00 CET. Recent data (Claims/ADP/JOLTs) has generally supported the narrative of robust US labour market conditions in December, and we forecast non-farm payrolls at +170k and average hourly earnings growth at […]
26/05/2025

EUR/USD Regains Traction, Can It Surpass 1.1500 Again?

Key Highlights EUR/USD is moving higher above the 1.1320 resistance. It cleared a key bearish trend line with resistance at 1.1280 on the 4-hour chart. GBP/USD gained pace for a move above the 1.3500 level. USD/JPY declined steadily below the 145.00 level. EUR/USD Technical Analysis The Euro formed a base and started a fresh increase […]
09/07/2024

U.K.: Firming Growth, Lingering Inflation, Suggest Cautious Bank Of England

Summary The first half of 2024 has seen a gradual, but clearly perceptible, improvement in U.K. economic momentum. Q1 GDP rose 0.7% quarter-over-quarter, while more recent sentiment and activity data point to ongoing growth in Q2. The outlook for the U.K. consumer continues to improve, although the outlook for U.K. businesses is perhaps not quite […]