US Manufacturing Strength, Eurozone Uncertainty, and Emerging Market Anticipation

Amidst the beginning of the week, market activities surged with a spotlight on the robust performance of the US manufacturing sector. The latest ISM report exceeded expectations, signalling strength across key indicators such as new orders, production, and employment. This positive momentum drove US yields higher, reflecting growing investor confidence.

Photo by Rob Lambert on Unsplash

In the currency realm, the US dollar showcased notable strength, particularly against European currencies within the G10 basket. Emerging markets witnessed fluctuations, with the Brazilian real bearing the brunt of the dollar’s resurgence. In Asia, while movements remained relatively subdued, the Thai baht faced pressure, hitting new highs against the dollar.

USA Data

Finlogix Economic Calendar
Source: Finlogix Economic Calendar

Following disappointing HICP figures from Italy and France, anticipation mounted for Eurozone data releases. Projections hinted at a decline in year-on-year figures for March, setting the stage for potential market shifts. Uncertainty loomed over the Euro’s performance amidst differing interest rate outlooks between the Eurozone and the US Federal Reserve.

Looking ahead, the European Central Bank’s planned policy rate cuts in June add further complexity to the Euro’s trajectory. Despite resilience in Euro-area activity and economic indicators, the Euro has struggled against the steadfast US dollar, hovering near yearly lows.



Source: Finlogix Charts (click to enlarge)

In emerging markets, Turkey’s local elections stirred anticipation, with eyes on the AKP’s performance. Despite initial concerns, acknowledgment of election results and commitment to economic stability by Erdogan provided some reassurance. Analysts foresee a potential resurgence in capital inflows, supported by the government’s commitment to stabilizing inflation through consistent economic policies.

Each development shapes the landscape of opportunity and risk. As investors navigate uncertainties, the weeks ahead promise to be filled with twists and turns, where each piece of data and policy decision plays a pivotal role.

The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

Read this next


BlockDAG’s Impressive 30,000x ROI Potential and Moon-Based Keynote Captivate Solana And Bitcoin Cash Crypto Investors

Discover BlockDAG’s impressive moon keynote launch and its promise of a 30,000x ROI that is drawing investors from Solana and Bitcoin Cash.

Market News

This is it, the USD Strength has Come to an End

In the aftermath of Israel’s retaliatory strikes in Iran, the currency markets have entered a phase of heightened volatility, reflecting the intricate interplay between geopolitical tensions and economic fundamentals.


BlockDAG Leads DeFi Innovation with $19M Presale, Overshadowing Cardano and Binance Coin With 30,000x ROI and DAG Structure

Learn about BlockDAG’s growth in its presale, surpassing $19M, and its impact on the DeFi landscape, overshadowing movements in Cardano and Binance Coin (BNB).


BlockDAG Offering a Fresh Take on Meme Coin Development Amid Solana’s Challenges and Floki Inu’s Price Fluctuations With 30,000x ROI

Dive into how BlockDAG’s innovative presale, low-code platforms, and potential 30,000x ROI, outperform Solana’s technical hurdles and Floki Inu’s market predictions.


BlockDAG Excels With $2.2M In Miner Sales And Moonshot Teaser, Overshadowing Litecoin’s Rally And Dogwifhat’s Market Highs

Explore how BlockDAG’s $2 million Miner Sales & Moonshot Teaser eclipse the Litecoin price recovery and the Dogwifhat all-time high.


BlockDAG Leads Top 6 Cryptocurrencies to Buy in 2024 with a Potential Price Surge to $10 Leaving Cosmos, BNB, and Ethereum Behind

Discover the top six cryptocurrencies in 2024, including BDAG’s remarkable growth potential, BNB’s durability, Cosmos’ connectivity, and ETH’s eco-friendly advances.

Retail FX

Weekly Roundup: Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.


BlockDAG Redefines Crypto Mining as Presale Tops $18.5M, Outshining Ethereum ETF & Dogecoin Dynamics

The recent approval of the first Ethereum ETF in Hong Kong underscores a significant advancement in the cryptocurrency’s mainstream acceptance. While Ethereum continues to attract institutional attention, the Dogecoin price prediction suggests a possible resurgence, despite its current undervaluation from past highs.

Digital Assets

Bitcoin halving is done: ViaBTC mines historic block 840K

The Bitcoin network has confirmed its fourth-ever halving block, mined by the cryptocurrency pool ViaBTC, according to data from This significant event in the Bitcoin ecosystem reduced the mining reward by half, a deflationary measure occurring approximately every four years to control the issuance of new bitcoins and curb inflation.