Monthly Archives: September 2024
41654156156All Eyes on U.S. CPI Today
Written on September 11, 2024 at 5:33 am, by pumarketings
Market Summary Ahead of the highly anticipated U.S. CPI data release today, which the market is closely watching for clues on the Fed’s upcoming monetary policy moves, Wall Street remained largely unchanged in the previous session. The dollar index (DXY) faced rejection below the $102 mark, signalling that expectations of a Fed rate cut areContinue Reading
Gold 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
