Monthly Archives: October 2024
41654156156Pound Sterling Declines as Likelihood of BoE Rate Cut Rises
Written on October 24, 2024 at 2:08 am, by pumarketings
Fundamental Analysis * Rising Odds: The British pound has continued to decline, hitting a ten-week low as dovish sentiment and growing expectations of a Bank of England (BoE) rate cut in November put pressure on the currency. Falling consumer and producer inflation figures, along with weak labor market data in the UK, are driving forecastsContinue Reading
U.S Dollar Jumps on Heightens Treasury Yield
Written on October 23, 2024 at 5:30 am, by pumarketings
Market Summary The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears. Investors are preparing for theContinue Reading
Euro Extend Losses On Dovish ECB Remarks
Written on October 23, 2024 at 2:08 am, by pumarketings
Fundamental Analysis * Rate Cut Hints: The Euro continues its decline against the dollar, hitting fresh two-month lows due to comments from European Central Bank (ECB) officials and elevated U.S. Treasury yields. ECB member Mario Centeno struck a dovish tone, suggesting the possibility of either a 50 or 25 basis point rate cut depending onContinue Reading
