Monthly Archives: December 2024
Wall Street Rebounds Ahead of Christmas Holiday
Written on December 24, 2024 at 5:15 am, by pumarketings
* Wall Street edged higher in the last session before the market closed for the Christmas holiday. * The U.S. Dollar rebounded as the market perceived a more hawkish approach from the Fed in the near term. * The Pound Sterling was hammered by the low GDP reading coupled with the recent poor UK economicContinue Reading
Dollar Slides after Soft PCE Releases
Written on December 23, 2024 at 5:09 am, by pumarketings
* The dollar slid after the lower-than-expected PCE reading was released last Friday. * Keep an eye on today’s UK GDP and its implications for the pound sterling. * The crypto market is weighing on excessive downside pressure, and both BTC and ETH remain in a bearish trajectory. Market Summary The U.S. PCE reading releasedContinue Reading
Dollar Bolsters by Upbeat U.S. Economic Indicators
Written on December 20, 2024 at 3:06 am, by pumarketings
Market Summary Following the hawkish remarks from the Fed on Wednesday after the interest rate decision, the upbeat U.S. economic indicators released yesterday have further boosted the U.S. dollar, driving it to a two-year high and suggesting a bullish outlook for the greenback. Additionally, the U.S. long-term treasury yield is nearing the 4.6% level, whichContinue Reading
