Monthly Archives: September 2024
41654156156Gold Rose as US Treasury Yield Drop, Dollar Weakens
Written on September 11, 2024 at 2:07 am, by pumarketings
Fundamental Analysis * Inflation Watch: Gold prices advanced during the Asian trading session as traders assessed the decline in U.S. Treasury yields while awaiting a key inflation report from the U.S. The U.S. Treasury bond yields fell with the yield on the 10-year Treasury fell by 5 basis points to 3.648%, while the 2-year TreasuryContinue Reading
U.S. Dollar Steady Ahead of CPI
Written on September 10, 2024 at 5:44 am, by pumarketings
Market Summary The U.S. dollar remained stable in the last session as traders await Wednesday’s key U.S. inflation data, which is expected to provide clues on the Federal Reserve’s rate cut decision next week. Wall Street saw a slight recovery from its recent bearish trend, with the Dow Jones surging nearly 500 points. In contrast,Continue Reading
Euro Dips on Growing ECB Rate Cut Speculation
Written on September 10, 2024 at 2:05 am, by pumarketings
Fundamental Analysis * ECB Cut Watch: The euro extended its losses against the dollar amid growing expectations that the European Central Bank (ECB) will cut rates at its September 12 meeting. The ECB is set to release economic projections, likely showing downward revisions in growth and inflation. Money market traders are pricing in rate cutsContinue Reading
