PMI/FED FUNDS RATE/EURUSD
US economy shows signs of weakening, and a Purchasing Managers' Index (PMI) still below 50, this can be one such signal. A PMI reading below 50 indicates contraction in the manufacturing or services sectors, suggesting slower economic activity and potentially rising unemploymentboth of which could prompt the Fed (dovish speculation) to ease monetary policy to stimulate growth... Anticipate Long EUR/USD...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.