PMIs in Focus Across Major Economies
Today, markets will be closely monitoring Purchasing Managers’ Index (PMI) data from the EU, UK, and US for fresh insights into economic strength. These figures will be key in determining whether major economies are showing signs of recovery or contraction, influencing currency movements.
US-Ukraine Tensions Drive Market Volatility
Market sentiment remains heavily influenced by geopolitical uncertainty, particularly US President Donald Trump’s negotiation tactics with Ukraine. Ongoing tensions have led to increased volatility in currency markets, with investors reacting to the latest developments.
Key US Data Releases This Afternoon
Later today, a series of US economic reports will provide further clarity on the state of the American economy. The key data releases include:
- ADP Employment Report – A precursor to the official US jobs report, offering insight into the labour market.
- Factory Orders – A measure of demand in the US manufacturing sector.
- PMI Data – Further indications of economic performance.
These figures will be closely watched by traders as they assess the strength of the US economy and potential impacts on the US dollar.
Looking Ahead: EU Interest Rate Decision
Tomorrow, all eyes will turn to the European Central Bank (ECB) as it announces its latest interest rate decision. Markets widely expect a rate cut, marking a key moment for the euro and broader FX markets.
Navigating Market Volatility
With continued uncertainty and major data releases ahead, currency markets are set for further fluctuations. If you’re looking to capitalise on market movements or mitigate risks, speak to our experts at Qumoney for tailored insights and strategies.