Monthly Archives: August 2024
Gold Surge on Heightens Middle East Tension
Written on August 26, 2024 at 5:31 am, by pumarketings
Market Summary Jerome Powell’s highly anticipated speech last Friday at the Jackson Hole Economic Symposium drove the dollar to its lowest level since last July. The Fed Chair expressed concerns about the U.S. job market and indicated confidence that the inflation rate will reach the 2% target, suggesting a dovish stance from the U.S. centralContinue Reading
BoJ Holds Firm on Tightening Path Fuels Yen
Written on August 23, 2024 at 5:31 am, by pumarketings
Market Summary The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House. However, he emphasised that there is no rush for the next rate hike, as the central bank continues to monitor global economic conditions. This hawkish stance hasContinue Reading
Recession Concerns Ease: Can the U.S. Sustain Its Momentum?
Written on August 23, 2024 at 2:20 am, by pumarketings
Tuesday, 27 August 2024, 16:00 – US CB Consumer Confidence (Aug) The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. This growth was mainly driven by improved consumer expectations regarding future economic conditions, even as views on the present situation slightly weakened. The PresentContinue Reading
