Monthly Archives: October 2024
41654156156Kiwi Slips As China Data, US Dollar Weigh
Written on October 15, 2024 at 2:06 am, by pumarketings
Fundamental Analysis * Weak Kiwi: The New Zealand Dollar continues to weaken against the U.S. Dollar, facing pressure from deflation concerns in its largest trading partner, China. Uncertainty around Beijing’s economic stimulus plans has raised doubts about future demand. On Sunday, China’s National Bureau of Statistics reported that the country’s monthly Consumer Price Index (CPI)Continue Reading
Dollar Holds Firm, But Will the Strength Persist?
Written on October 14, 2024 at 3:48 am, by pumarketings
Market Summary The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts. Investors are now awaiting retail sales data and earnings reports for furtherContinue Reading
Euro Extend Losses Following Strong U.S PPI
Written on October 14, 2024 at 2:20 am, by pumarketings
Fundamental Analysis * PPI Heat: The euro continues to slide against the dollar following the release of stronger-than-expected U.S. PPI data. The U.S. Core PPI rose at a faster annual rate, coming in at 2.8%, surpassing both market expectations and previous readings of 2.7% and 2.6%. This hotter-than-anticipated producer inflation, coupled with persistently high inflationContinue Reading
