Monthly Archives: November 2024
Yen Eases on Dovish BoJ Monetary Policy Prospect
Written on November 11, 2024 at 5:15 am, by pumarketings
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at the start ofContinue Reading
Dollar Decline on Fed Rate Cut
Written on November 8, 2024 at 3:25 am, by pumarketings
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also implemented its firstContinue Reading
U.S. Election Aftershocks Fade, Data Back In Spotlight
Written on November 8, 2024 at 2:28 am, by pumarketings
Tuesday, 12 November 2024, 09.00 – German CPI (MoM)(Oct) Germany’s Consumer Price Index (CPI) for October 2024 rose by 0.4% month-on-month, surpassing the market’s expectation of a 0.2% increase and marking a recovery from the flat performance in September. This uptick was primarily driven by higher service prices and a rebound in goods prices. TheContinue Reading
