Monthly Archives: December 2024
Christmas Around The Corner, Quiet Markets Expected
Written on December 20, 2024 at 2:45 am, by pumarketings
Monday, 23 December 2024, 09:00 – UK GDP (YoY) (Q3) In November, the UK’s preliminary GDP reading for the third quarter of 2024 showed a 1.0% increase, surpassing market expectations of 0.1% and improving on the previous quarter’s 0.7% growth. This expansion was driven by various sectors, with the services sector—representing a major share ofContinue Reading
Dollar Jumps on Fed’s Hawkish Remark
Written on December 19, 2024 at 5:19 am, by pumarketings
Market Summary The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve’s hawkish stance. Jerome Powell’s remarks signaling fewer rate cuts in 2025 and the expectation that the Fed funds rate will remain near the 4% level to curb inflation drove the U.S. dollar higher. The dollar indexContinue Reading
All Eye on Today’s FOMC Interest Rate Decisio
Written on December 18, 2024 at 5:33 am, by pumarketings
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
