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Analyzing Recent Economic Data and Its Implications on the US Dollar
video The recent market movements have been notable, particularly in the context of key economic indicators. We recently witnessed a surprising turn of events with the non-manufacturing PMI surpassing expectations. The consensus projected it to be at 52, but the actual figure stood at a commendable 52.7. This outcome had an immediate impact, with the US dollar displaying an uptick in strength, especially during the night when this news surfaced, albeit dependent on one's time zone. Firstly, let's address the PMIs. The non-manufacturing PMI aligned closely with expectations, while the services PMI matched the ... (full story)