Yearly Archives: 2024
Dollar On The Brink, Job Data To Steer The Next Move
Written on December 2, 2024 at 12:54 am, by pumarketings
Monday, 2 December 2024, 17:00 – ISM Manufacturing PMI (Nov) Last month, the US economic activity in the manufacturing sector contracted once again, marking the seventh consecutive month of decline and the 23rd contraction in the past 24 months. The Manufacturing PMI dropped to 46.5 percent, down from 47.2 percent in September, reaching its lowestContinue Reading
Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike
Written on November 29, 2024 at 5:40 am, by pumarketings
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steadyContinue Reading
Gold Decline on Easing Geopolitical Tension
Written on November 28, 2024 at 5:11 am, by pumarketings
Market Summary The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November. In contrast, the Japanese yen and euro emerged as the strongest currencies amid the dollar’s decline.Continue Reading
