Year: 2025

Eurozone PMI manufacturing was finalized at 49.4 in May, up from April’s 49.0 and marking the highest level in 33 months. Production increased across all four major economies: Germany, France, Italy, and Spain, supporting economist Cyrus de la Rubia’s view that the recovery is gaining traction. De la Rubia also noted that output has now […]

The post Eurozone PMI manufacturing finalized at 49.4, recovery progressing appeared first on Action Forex.

The EURUSD moved higher earlier today and in doing so reached toward a swing area high between 1.1406 and 1.14239. The price traded mostly above the low of that swing area (there was one brief look below the low of the level which was quickly reversed)

The buyers are more in control. The next key target comes at the 1.1479 level which goes back to April 21 and April 22. It would take a move below the 1.14066 level to turn the buyers into sellers.

This article was written by Greg Michalowski at www.forexlive.com.

More from Logan:

• With oil prices down, there’s a risk of lower production, capital investment by energy companies.
• Repeats a common comment, that at all banks should be set up to use the discount window
• Healthy banks should use the discount window

On oil production, the Trump administration’s has touted the idea of drill, drill, drill and may have swayed OPEC plots to increase production in his quest to get prices of oil and gas lower. He often cites gas at less than $2, but not sure I have seen that. AAA has the average price at $3.10 to $3.20.

The Baker Hughes rig count has been trending lower and is down at multi year lows

This article was written by Greg Michalowski at www.forexlive.com.

How the Dubai chocolate trend is taking over the U.S.

Bristol Myers’ is making a big move into next-generation cancer treatments. But there’s still more to prove.

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

Regulators alleged that Amazon’s price caps limit the visibility of merchants’ products and interfere with their freedom to set prices.

Uber said Monday that Pierre-Dimitri Gore-Coty, the company’s senior vice president of delivery, is stepping down from his position.

Reuters had this report on the response from the EU to Trump’s move to double tariffs.

In brief, the European Commission announced on Monday that it will push hard this week for the United States to scale back or scrap tariffs, despite Donald Trump’s pledge to double duties on steel and aluminium imports to 50%.

European Trade Commissioner Maros Sefcovic is set to meet U.S. Trade Representative Jamieson Greer at an OECD event in Paris on Wednesday, while Commission officials will also hold talks with their U.S. counterparts in Washington during the week.

Link here to the Reuters report for more detail.

Sefcovic

This article was written by Eamonn Sheridan at www.forexlive.com.

A call between President Donald Trump and China’s Xi Jinping could help deescalate trade tensions that have grown increasingly heated in the past week.