Monthly Archives: November 2024
41654156156Dollar Decline on Fed Rate Cut

Written on November 8, 2024 at 3:25 am, by pumarketings
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also implemented its firstContinue Reading
U.S. Election Aftershocks Fade, Data Back In Spotlight

Written on November 8, 2024 at 2:28 am, by pumarketings
Tuesday, 12 November 2024, 09.00 – German CPI (MoM)(Oct) Germany’s Consumer Price Index (CPI) for October 2024 rose by 0.4% month-on-month, surpassing the market’s expectation of a 0.2% increase and marking a recovery from the flat performance in September. This uptick was primarily driven by higher service prices and a rebound in goods prices. TheContinue Reading
USDCHF Rose As Fed Deals Out Another Rate Cut

Written on November 8, 2024 at 2:16 am, by pumarketings
Fundamental Analysis * Expected Cut: The USD/CHF pair has inched upward as the market continues to digest the Federal Reserve’s anticipated 25 basis point rate cut. This latest quarter-point reduction, announced on Thursday, follows a larger 50 basis point cut made in early September. Fed officials stated that the labor market has “generally eased,” whileContinue Reading