Monthly Archives: September 2024
41654156156See the Market Story: Online Charts & Indicators for Forex Trading
Written on September 19, 2024 at 9:12 am, by pumarketings
Unraveling the intricacies of forex trading often feels like deciphering a foreign language. With many online resources claiming expertise, finding accurate and reliable information can be overwhelming. This guide aims to be your compass through the labyrinth of forex charts and indicators. For novices, traders with degrees in finance, and seasoned traders, our goal isContinue Reading
Eyes on Today’s BoE Policy Decision
Written on September 19, 2024 at 5:52 am, by pumarketings
Market Summary The Federal Reserve’s monetary policy decision was announced yesterday, aligning with market expectations for a more aggressive rate cut. This bold move sparked significant volatility in the market, with the Dollar Index (DXY) fluctuating by over 1% during the event. However, as the rate cut had been largely priced in by the market,Continue Reading
USD/CAD Soars Post Fed Rate Decision
Written on September 19, 2024 at 2:06 am, by pumarketings
Fundamental Analysis * First Cut: USD/CAD have surged during the Asian session following the Fed’s interest rate decision, which triggered significant market volatility. The Federal Open Market Committee (FOMC) reduced the federal funds rate to a range of 4.75% to 5%, marking the Fed’s first rate cut in over four years. In a press conferenceContinue Reading
