CHINA: Robust Q1 Data Reduce Need for Near-Term Policy Stimulus
* As noted earlier, today's Q1 GDP print looks to have all but ended prospects for an H1 interest ...
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EURGBP TECHS: Support Remains Exposed
- RES 4: 0.8818 High Nov 26 ‘25
- RES 3: 0.8806 76.4% retracement of the Nov 14 - Feb 4 bear leg
- RES 2: 0.8739/89 High Mar 3 / High Feb 27 and key S/T resistance
- RES 1: 0.8654/8693 High Mar 13 / 50-day EMA
- PRICE: 0.8639 @ 16:35 GMT Mar 17
- SUP 1: 0.8610 Low Mar 16
- SUP 2: 0.8597 Low Aug 14
- SUP 3: 0.8578 Low Jul 2 ‘25
- SUP 4: 0.8544 50.0% retracement of the Dec ‘24 - Nov ‘25 bull phase
A bear cycle in EURGBP remains in play and the cross is trading closer to its recent lows. Price has pierced support at 0.8613, the Feb 4 low and a bear trigger. A clear break of this level would strengthen a bear theme and signal scope for a deeper retracement of the Dec ‘24 - Nov ‘25 bull phase. Key short-term resistance has been defined at 0.8789, the Feb 27 high. The first important resistance to watch is the 50-day EMA, at 0.8693.
US: Americans Increasingly Sceptical Of Merits Of College Eduction
A new survey from Tipp Insights has indicated “serious erosion in how Americans view the value of higher education,” with nearly 60% of respondents saying a college education is ‘not worth the cost.’ As recently as 2013, a Gallup Poll showed 70% of Americans believed college was worth the price.
- The report notes, “It's yet another segment of American life in which there is surprising unison among different political ideologies: Conservatives (58% not worth it, 29% worth it), moderates (61% not worth it, 21% worth it) and liberals (60% not worth it, 20% worth it).”
- Tipp adds, “Even young people, who once viewed a four-year degree as a golden ticket to a secure comfortable middle-class life, now see college as a financial deadweight that guarantees neither economic success nor upward mobility.”
Figure 1: “Do you believe a four-year college degree is worth the cost for most Americans today, or not?”
Source: I&I/TIPP
ECB: Macro Since Last ECB - Growth: ... But Manufacturing PMIs Hit 44-Month High
- As for softer indicators, the manufacturing PMI surprised higher in the preliminary February reading and then held onto this increase in the final update, whilst the services PMI saw a more modest increase.
- The manufacturing improvement to 50.8 (44-month high) is welcome after a recent stalling around the breakeven 50 level since mid-2025.
- The services PMI at 51.9 is only at a 2-month high as it consolidates a pullback off the recent high of 53.6 in November, a moderation driven by Spanish services activity cooling from some particularly elevated readings.
