Eurozone HCOB Services PMI above forecasts (50.1) in March: Actual (50.2)
Eurozone HCOB Services PMI above forecasts (50.1) in March: Actual (50.2)
Germany HCOB Services PMI came in at 50.9 below forecasts (51.2) in March
Germany HCOB Services PMI came in at 50.9 below forecasts (51.2) in March
Germany HCOB Composite PMI in line with expectations (51.9) in March
Germany HCOB Composite PMI in line with expectations (51.9) in March
GBP/USD: Consolidation after failed downside break – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that GBP/USD briefly dipped to 1.3178 before rebounding to 1.3267 and closing at 1.3238, invalidating a prior downside-biased view.
USD/JPY Price Forecast: Ascending 20-day EMA supports more upside
The USD/JPY pair trades calmly around 160.00 during the European trading session on Tuesday. The pair trades broadly sideways amid uncertainty surrounding the ongoing war in the Middle East.
Equities: Markets price future Middle East de-escalation – Danske Bank
Danske Bank analysts observe that global equities are about 4% above recent lows, with investors increasingly pricing a future de-escalation in the Middle East. Cyclical sectors have outperformed and volatility has declined across regions and asset classes.
France HCOB Services PMI above forecasts (48.3) in March: Actual (48.8)
France HCOB Services PMI above forecasts (48.3) in March: Actual (48.8)
France HCOB Composite PMI came in at 48.8, above forecasts (48.3) in March
France HCOB Composite PMI came in at 48.8, above forecasts (48.3) in March
EUR/JPY appreciates on Yen weakness, nearing two-month highs at 184.75
The Euro (EUR) is crawling up against a weak Japanese Yen (JPY) on Tuesday. The pair extends gains for the second consecutive day, trading at 184.47 at the time of writing, with bulls focusing on the two-month highs in the 184.65-184.75 area.
Italy HCOB Services PMI below forecasts (51) in March: Actual (48.8)
Italy HCOB Services PMI below forecasts (51) in March: Actual (48.8)
US Dollar Index holds near 100.00 on Iran war fears, Trump deadline
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground after registering losses in the previous trading day and hovering around 100.00 during the European hours on Tuesday.
Oil: War-driven supply risks and security fractures – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton highlights escalating geopolitical risks around Iran, the Strait of Hormuz and NATO fractures, with direct implications for Oil.