Monthly Archives: August 2024
41654156156USD/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
Oil Price Soar on Geopolitical Tension

Written on August 27, 2024 at 5:48 am, by pumarketings
Market Summary Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significant unease in the broader financial markets. Adding to the uncertainty, market participants are positioning for a potential September Fed rate cut, which seems increasingly likely. In response to the geopolitical uncertainty, oil prices surged nearly 3% in yesterday’s session.Continue Reading