Monthly Archives: December 2024
41654156156NZD/USD Slips Amid Upbeat U.S Retail Sales.
Written on December 18, 2024 at 2:04 am, by pumarketings
Fundamental Analysis * Retail Resurgence: The New Zealand Kiwi remains under pressure against the U.S. dollar as stronger-than-expected U.S. Retail Sales data lend support to the greenback. According to the U.S. Census Bureau, Retail Sales in the U.S. rose 0.7% MoM in November, exceeding the market forecast of 0.5% and up from a revised 0.4%Continue Reading
Euro Weigh on Eurozone Political Uncertainty
Written on December 17, 2024 at 3:26 am, by pumarketings
Market Summary The U.S. dollar remained stable in yesterday’s session ahead of the Fed’s interest rate decision, which is scheduled for tomorrow. The market widely expects a 25 basis points rate cut, which has already been priced in. However, traders are closely watching today’s U.S. Retail Sales data to gauge the strength of the dollar.Continue Reading
EUR/USD Recovers On EU PMI Data, Awaits Fed.
Written on December 17, 2024 at 2:12 am, by pumarketings
Fundamental Analysis * Data Glow: The euro edged slightly higher against the dollar, showing modest gains but lacking strong momentum following the release of the latest EU Manufacturing PMI data. According to the Hamburg Commercial Bank (HCOB), the Eurozone Manufacturing PMI improved to 45.2 in December, surpassing the forecast of 45.0. Additionally, the bloc’s ServicesContinue Reading
