Yearly Archives: 2024
Pound Lose Ground on BoE Dovish Tone
Written on October 4, 2024 at 5:37 am, by pumarketings
Market Summary The Pound Sterling fell sharply yesterday, with the Pound Sterling Index (BXY) dropping more than 2% following a dovish statement from BoE Governor Andrew Bailey. Bailey indicated that the Bank of England is prepared to implement rate cuts if UK inflation shows signs of easing. Similarly, the Japanese Yen remained under pressure, asContinue Reading
Middle East Fuel Safe-Haven, Would Data Further Boost?
Written on October 4, 2024 at 2:22 am, by pumarketings
Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and a slowdown inContinue Reading
Yen Capitulates on Ishiba Dovish Tone
Written on October 3, 2024 at 5:57 am, by pumarketings
Market Summary Hong Kong’s stock rally paused in today’s session after the Chinese index surged by over 30% from its September lows. The equity market is now facing profit-taking pressure, with the Hang Seng Index down nearly 3% as of writing. In contrast, Japan’s Nikkei 225 jumped at the market’s open, driven by a surpriseContinue Reading
