Monthly Archives: November 2024
Dollar Dives on Soft NFP Reading
Written on November 4, 2024 at 5:56 am, by pumarketings
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled expectations for aContinue Reading
Dollar Pauses as Jobs Data Looms
Written on November 1, 2024 at 5:37 am, by pumarketings
Market Summary Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar trends. The EuroContinue Reading
Countdown to Chaos? U.S. Election Set to Rock Markets
Written on November 1, 2024 at 2:11 am, by pumarketings
Tuesday, 5 November 2024, 05.30 – RBA Interest Rate Decision (Nov) The latest update from the Reserve Bank of Australia (RBA) shows that rates were held steady at 4.35% for the seventh meeting in a row in September, reflecting its cautious approach amid mixed economic signals. Under the leadership of Governor Michele Bullock, the RBAContinue Reading
