roboforex Market Fundamental Analysis by RoboForex

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US 30 forecast: the index is poised for trend reversal

In the US 30 index, prices are testing the support level and may break below it, which would signal the beginning of a downtrend. The US 30 forecast for today is negative.

US 30 forecast: key takeaways

• Recent data: US manufacturing PMI came in at 51.2 in February
• Market impact: the data has a mixed impact on the stock marke

Fundamental analysis

The release of the US manufacturing PMI at 51.2 points, below expectations of 52.4 and the previous reading of 52.4, is moderately negative for short-term sentiment, as it indicates a slowdown in the pace of industrial activity growth. However, the indicator remains above the 50-point threshold, meaning the sector is still formally expanding; the issue is more about a loss of momentum than a shift into contraction.

For the US 30, the impact is typically reflected in moderate pressure, as the index has significant exposure to industrial and cyclical companies, for which production rates, orders, and business confidence are key drivers of financial performance.

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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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The RoboForex Team