Monthly Archives: September 2024
41654156156All Eyes on Today’s U.S. NFP

Written on September 6, 2024 at 6:39 am, by pumarketings
Market Summary Ahead of today’s highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month. The ADP Nonfarm Employment Change report, released yesterday, significantly missed market expectations, while unit labour cost growthContinue Reading
Market 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