Global PMIs: Manufacturers look through inflation – Standard Chartered

💡 DMK Insight

Manufacturing PMIs staying in expansion is a mixed bag for traders right now. While the continued expansion signals resilience in the economy, the slowdown from February’s peak could hint at waning momentum. For crypto traders, this could mean a cautious approach as economic indicators often influence risk appetite. If ETH is currently at $2,057.56, watch for any significant moves around this level. A break below could trigger selling pressure, while a bounce might indicate renewed bullish sentiment. Keep an eye on correlated assets like Bitcoin, as they often react to macroeconomic shifts. The real story is how these PMIs might affect central bank policies, which could ripple through to crypto markets, especially if inflation concerns resurface. So, monitor the upcoming economic data releases closely; they could provide critical insights into market direction.