Monthly Archives: August 2024
41654156156New Zealand Kiwi Rose As Business Confidence Soars
Written on August 29, 2024 at 1:52 am, by pumarketings
Fundamental Analysis * Business Boom: The New Zealand Dollar attracts further buying demand after the nation’s business confidence improves significantly in August. According to the ANZ Bank survey, New Zealand’s business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly. The survey’s headline measure showed a netContinue Reading
Eye on Today’s Nvidia Earning Report
Written on August 28, 2024 at 5:13 am, by pumarketings
Market Summary As the market searches for direction, most asset classes remained relatively flat in the last session, with investors waiting for a catalyst to drive momentum. On Wall Street, attention turns to Nvidia’s earnings report, due later today. Expectations are high for strong earnings performance, which could potentially lift major indexes if results exceedContinue Reading
USD/CAD Extend Losses As Market Continue Digest Dovish Fed
Written on August 28, 2024 at 2:37 am, by pumarketings
Fundamental Analysis * Dove Echoes: The Canadian Dollar continue to extend it gains against the dollar as the market remain digesting the recent dovish remarks from Fed. The Federal Reserve (Fed) pivoting into a dovish stance remains the talk of the town and markets continue to sell the Greenback into the ground as rate cutContinue Reading
