Monthly Archives: December 2024
41654156156Wall Street Rebounds Ahead of Christmas Holiday
Written on December 24, 2024 at 5:15 am, by pumarketings
* Wall Street edged higher in the last session before the market closed for the Christmas holiday. * The U.S. Dollar rebounded as the market perceived a more hawkish approach from the Fed in the near term. * The Pound Sterling was hammered by the low GDP reading coupled with the recent poor UK economicContinue Reading
Aussie Remains Weak After RBA Meeting Minutes
Written on December 24, 2024 at 2:06 am, by pumarketings
Fundamental Analysis * RBA Retreat: The Australian Dollar remains under pressure against the US Dollar following the release of the Reserve Bank of Australia’s (RBA) December Meeting Minutes. RBA has emphasized that upside inflation risks have eased, reinforcing expectations of a potential rate cut in early 2025. This dovish outlook has dampened investor sentiment towardContinue Reading
Dollar Slides after Soft PCE Releases
Written on December 23, 2024 at 5:09 am, by pumarketings
* The dollar slid after the lower-than-expected PCE reading was released last Friday. * Keep an eye on today’s UK GDP and its implications for the pound sterling. * The crypto market is weighing on excessive downside pressure, and both BTC and ETH remain in a bearish trajectory. Market Summary The U.S. PCE reading releasedContinue Reading
