About: pumarketings
Recent Posts by pumarketings
Dollar Surge on High PPI Reading
Market Summary The dollar index (DXY) climbed to a two-week high, reaching the 107.00 mark, following the release of U.S. economic data. While initial unemployment claims rose to 242,000, concerns over a rebounding PPI reading have fueled speculation that the Fed may adopt a more hawkish stance ahead of next week’s monetary policy decision. TheContinue Reading
Will the the Fed Deliver a Shocking Twist Next Week?
Tuesday, 17 December 2024, 15:30 – US Retail Sales (MoM) (Nov) The U.S. retail sales for October rose by 0.4% month-over-month, surpassing the market expectation of 0.3%. This marks the continuation of robust consumer spending, with retail and food services sales growing from $716.03 billion in September to $718.87 billion. Contributing factors include a stableContinue Reading
Soft CPI Reading, Reinforces Fed Rate Cut
Market Summary Yesterday’s US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs. In the commodity market, Safe-haven gold benefited from the weaker dollar andContinue Reading
