Monthly Archives: November 2024
Markets Steady as Bitcoin Hits $90K, Gold Rebounds
Written on November 18, 2024 at 5:13 am, by pumarketings
Market Summary Bitcoin surged past $90,000, with a 30% rally since the U.S. election and the crypto market cap exceeding $3 trillion. However, momentum has slowed as investors digest earlier gains. Meanwhile, gold prices rebounded on renewed safe-haven demand driven by trade and political uncertainties, providing support despite pressure from higher Treasury yields. The DollarContinue Reading
Initial Jobless Claims Fuels Dollar
Written on November 15, 2024 at 5:51 am, by pumarketings
Market Summary The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May. This suggests a resilient job market, potentially leading to stickier inflation and increasing the likelihood of a more hawkish Fed stance in the upcoming monetaryContinue Reading
Dollar Power! Set to Hold Strong with Quiet Data Ahead
Written on November 15, 2024 at 3:30 am, by pumarketings
Tuesday, 19 November 2024, 12:00 – Eurozone CPI (YoY) (Oct) In October, annual inflation in the Eurozone rose, with the preliminary Eurozone CPI reading climbing to 2% from 1.7% in September, according to Eurostat. The main contributors to this increase were higher prices in services, food, alcohol, and tobacco. The European Central Bank stated thatContinue Reading
