Monthly Archives: September 2024
41654156156Market Weigh the Odds, CPI To Tip the Scales?
Written on September 6, 2024 at 2:09 am, by pumarketings
Tuesday, 10 September 2024, 08:00 – German CPI (YoY) (Aug) The German Consumer Price Index (CPI) preliminary data released on August 29, 2024, showing a year-over-year increase of 1.9%. This figure was below both the forecast of 2.1% and the previous month’s 2.3%. The decline in inflation is largely attributed to weaker economic activity, reducedContinue Reading
Yen Gains On Positive Data, BoJ Rate Hike Speculation
Written on September 6, 2024 at 1:59 am, by pumarketings
Fundamental Analysis * Data-driven: The Japanese Yen continues to strengthen against the U.S. dollar, supported by recent positive data from Japan. In July, Japan’s Labor Cash Earnings increased by 3.6% year-on-year, a slowdown from June’s 4.5% rise where it was the highest since January 1997, but still exceeding market expectations of 3.1%. This robust performanceContinue Reading
Dollar Eases Ahead of Key U.S. Job data
Written on September 5, 2024 at 5:34 am, by pumarketings
Market Summary The U.S. dollar lost strength after reaching a two-week high in the Dollar Index (DXY). The release of the Fed’s Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar’s momentum, as traders nowContinue Reading
