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Although the dollar has already been excessively overbought, the US currency continues to strengthen despite the lack of new developments. It seems to be doing so almost out of momentum. Perhaps today's release of preliminary business activity indices will finally help the euro improve its situation, at least a little. Moreover, all indices in the Eurozone are expected to rise without exception. Specifically, the Services PMI is projected to increase from 51.4 to 51.7 points. Meanwhile, the Manufacturing PMI will likely rise from 45.0 to 45.2 points. As a result, the Composite PMI could climb from 49.6 to 50.1 points.
However, a different scenario is expected in the United States, as the Services PMI is forecasted to decline slightly from 55.2 to 55.0 points. The Composite PMI might remain unchanged, supported by a rise in the Manufacturing PMI from 47.3 to 47.6 points. In any case, the outlook for the US indicators appears weaker than for the Eurozone, which could lead to some strengthening of the euro.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।