Monthly Archives: August 2024
41654156156USD/CHF Gains On Hawkish Fed
Written on August 13, 2024 at 1:58 am, by pumarketings
Fundamental Analysis * Hawkish Fed: The USD/CHF saw some buying interest as the dollar began the week on a strong footing, following hawkish remarks by Federal Reserve Governor Michelle Bowman. Bowman suggested that the Fed might not lower rates in September and highlighted ongoing inflation risks due to a robust labor market. Additionally, a generallyContinue Reading
Wall Street Advances Ahead Of CPI
Written on August 12, 2024 at 5:06 am, by pumarketings
Market Summary The equity markets continued their upward momentum, driven by the easing of the Japanese Yen’s strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties. However, attention is now shifting to the upcomingContinue Reading
Aussie Dollar Rose Amid Hawkish RBA
Written on August 12, 2024 at 2:21 am, by pumarketings
Fundamental Analysis * Yen Woes: The Japanese Yen continues to weaken against the dollar as the market processes dovish statements from the Bank of Japan (BoJ). According to Reuters, BoJ Deputy Governor Shinichi Uchida recently stated that the BoJ would not consider raising interest rates amidst market instability. He also mentioned that the BoJ’s interestContinue Reading
