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EURUSD Analysis: Euro Rebounds from The Major Support


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The week’s US economic data was mainly positive, showing the signs of the economic recovery boosted by the $1.9 trillion stimulus pack. The US Consumer confidence hits its highest level since the Covid hit in March 2020, while Manufacturing PMIs and manufacturing employment in March also surged.
Initial jobless claims reported on April 1st told us that the Labor part of the economic recovery is still behind and needs attention, Initial jobless claims reported were at 719K, which is 61K higher from the previously reported 658K. Nevertheless, anxiety of investors over the inflation hike backed by the sharp economic growth remains. The inflation hike could force the FED to review the current policy and increase the interest rate ahead of time. ....

Christine Lagarde , Services Pmis Of Europe , European Manufacturing , கிறிஸ்டின் லகார்ட் , ஐரோப்பிய உற்பத்தி ,