After 10:00 IHS Markit has published results of the March Industrial PMI index. The index was at strong levels of 56.00, but slightly below the initial publication and February readings (56.50).
According to Chris Williamson, chief economist of the institution: “The pace of growth of the service sector in March was not as high as suggested results, but still signals very good sentiment among entrepreneurs. The results of the last months are the strongest since spring 2011, clearly supporting projections for improving GDP growth “
EURUSD still calm – waiting for the afternoon?
The publication of data on PMI services in the euro zone did not trigger a stronger EUR/USD response. The pair is moving so far in a very narrow channel of volatility (about 20 pips), waiting for afternoon events when we get to know a lot of important macroeconomic indicators and FOMC minutes (20:00).
D1 chart shows that around 1.06510 formed a short-term support level. Tuesday’s session draws a clear pin bar – could it be a signal for potential rebound?
