Action Insight Mid-Day Report 3-24-25

Markets Driven by PMI Data and Tariff Speculations, Silver at Risk of Reversal

Market sentiment today is largely influenced by a mix of global PMI releases and ongoing uncertainty around US tariff policy. There are reports suggesting the Trump administration may exclude a set of sector-specific tariffs from the sweeping reciprocal levies set to begin on April 2. US futures are pointing to a solid open, suggesting investors are hoping for a more surgical, less disruptive approach to trade action.

However, clarity is still lacking. It’s unclear whether excluded sectors will be spared entirely or if reciprocal tariffs will blanket all imports, with sectoral levies added on top later. Despite the ambiguity, sentiment has been lifted, with US futures pointing to a solid open.

European currencies are also finding some support alongside gains in regional equities. However, upside in both Euro and Sterling is capped by mixed PMI data. In the Eurozone, manufacturing showed a smaller contraction and even a bounce in output, signaling green shoots. Yet, service sector growth lost momentum, adding to the sense of an uneven recovery. In the UK, services surprised with strong growth, but manufacturing activity deteriorated sharply, dragging down the overall tone of the report.

Meanwhile, Australia outperformed, with both sectors registering improvements and supporting Aussie’s strength today. On the other hand, Yen is under pressure as Japan’s services PMI fell into contraction territory, raising concerns about domestic demand and the broader economic outlook.....

Top Movers | HeatMap | Pivot Points | Pivot Meters | Action Bias | Vol

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8805; (P) 0.8823; (R1) 0.8849; More…

No change in USD/CHF's outlook as consolidations continue in established range above 0.8757. In case of stronger recovery, upside should be limited by 0.8911 support turned resistance. On the downside, break of 0.8757 will resume the fall from 0.9200 to 61.8% retracement of 0.8374 to 0.9200 at 0.8690. Sustained break there will pave the way back to 0.8374 support.

EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

Will Gold Take a Breather After a Three-Week Rally?

Gold: Key $3,000 Support So Far Holds Pullback from New Record High

EURNZD: NZD Facing Structural Weaknesses

XBR/USD Analysis: Price Near Resistance Zone

Gold Prices Break Record But WTI Crude Oil Face Hurdles

Tariff Talk to Intensify as April Deadline Approaches