About: pumarketings
Recent Posts by pumarketings
Dollar Reign Supreme, US Jobs Eyed Next Week!
Tuesday, 7 January 2025, 17:00 – US ISM Non-Manufacturing PMI (Dec) The U.S. ISM Non-Manufacturing PMI for November registered at 52.1, falling short of the market’s expectation of 55.5. While the reading indicates continued growth in the U.S. services sector, it reflects a slower pace than October’s figure of 56.0. This slowdown was mainly attributedContinue Reading
Dollar Start the Year with Strong Momentum
Market Summary The U.S. dollar delivered a strong performance in 2024, with the dollar index gaining approximately 7%, and it started 2025 on a positive note, hovering near its recent highs. The dollar remains supported by the Fed’s cautious approach to monetary policy, with hawkish expectations weighing on equities. Wall Street is anticipated to faceContinue Reading
Dollar Buoys by Strong U.S. Treasury Yield
Market Summary The financial market remains exceptionally quiet as the New Year holiday approaches, with most asset classes trading in a sideways manner. The dollar index has also been range-bound since last Monday, but the U.S. Treasury yield continues to climb, reaching its highest level since May—a factor that could potentially strengthen the dollar further.Continue Reading
