About: pumarketings
Recent Posts by pumarketings
Upbeat U.S. PMI Boost Dollar
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK and Eurozone weighedContinue Reading
Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike
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
Dollar On The Brink, Job Data To Steer The Next Move
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
