Monthly Archives: September 2024
All Eyes on Today’s U.S. NFP
Written on September 6, 2024 at 6:39 am, by pumarketings
Market Summary Ahead of today’s highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month. The ADP Nonfarm Employment Change report, released yesterday, significantly missed market expectations, while unit labour cost growthContinue Reading
Market Weigh the Odds, CPI To Tip the Scales?
Written on September 6, 2024 at 2:09 am, by pumarketings
Tuesday, 10 September 2024, 08:00 – German CPI (YoY) (Aug) The German Consumer Price Index (CPI) preliminary data released on August 29, 2024, showing a year-over-year increase of 1.9%. This figure was below both the forecast of 2.1% and the previous month’s 2.3%. The decline in inflation is largely attributed to weaker economic activity, reducedContinue Reading
Dollar Eases Ahead of Key U.S. Job data
Written on September 5, 2024 at 5:34 am, by pumarketings
Market Summary The U.S. dollar lost strength after reaching a two-week high in the Dollar Index (DXY). The release of the Fed’s Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar’s momentum, as traders nowContinue Reading
