Yearly Archives: 2024
All Eye on Today’s PCE
Written on November 27, 2024 at 5:41 am, by pumarketings
Market Summary Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar, pressuring other assets. Meanwhile, Wall Street extended gains, with the Dow Jones hitting a fresh all-time high. In forex, the New Zealand dollar unexpectedly rallied to its weekly high despite theContinue Reading
Trump’s Tariff Policies Push Dollar Higher
Written on November 26, 2024 at 5:38 am, by pumarketings
Market Summary The dollar surged to a recent high, recovering from yesterday’s retreat, driven by President-elect Donald Trump’s threats of 25% tariffs on Canada, China, and Mexico. These protectionist measures boosted dollar momentum but weighed heavily on the Canadian dollar. While Wall Street posted gains, concerns over tariffs on China could negatively impact Chinese equityContinue Reading
Dollar Plummet on Trump’s Treasury Secretary Speculation
Written on November 25, 2024 at 4:06 am, by pumarketings
Market Summary The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments. Reports suggest Scott Bessent may be considered for Treasury Secretary, a move viewed as bond-market friendly, leading to lower Treasury yields and pressuring the dollar. Despite this, the dollar’s fundamental strengthContinue Reading
