Monthly Archives: August 2024
41654156156BoJ Holds Firm on Tightening Path Fuels Yen

Written on August 23, 2024 at 5:31 am, by pumarketings
Market Summary The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House. However, he emphasised that there is no rush for the next rate hike, as the central bank continues to monitor global economic conditions. This hawkish stance hasContinue Reading
Recession Concerns Ease: Can the U.S. Sustain Its Momentum?

Written on August 23, 2024 at 2:20 am, by pumarketings
Tuesday, 27 August 2024, 16:00 – US CB Consumer Confidence (Aug) The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. This growth was mainly driven by improved consumer expectations regarding future economic conditions, even as views on the present situation slightly weakened. The PresentContinue Reading
USD/CAD Fell After U.S PMI data

Written on August 23, 2024 at 2:07 am, by pumarketings
Fundamental Analysis * PMI Drag: The USD/CAD pair was traded in a softer tone after the release of PMI data from S&P Global. According to data, the US Composite Purchasing Managers Index (PMI) fell slightly to 54.1 in August’s flash estimate. While the figure came in higher than expected of 53.5, it was the lowestContinue Reading