Yearly Archives: 2024
41654156156Pound Sterling Dips Following Hot U.S PPI Data
Written on December 13, 2024 at 2:02 am, by pumarketings
Fundamental Analysis * Persistent Inflation: The pound sterling which traded against the dollar have reversed its gains and turned negative following the release of U.S. Producer Price Index (PPI) data. The report revealed that headline PPI rose to 3%, exceeding both estimates and the previous figure of 2.6%. Meanwhile, core PPI, which excludes volatile foodContinue Reading
Soft CPI Reading, Reinforces Fed Rate Cut
Written on December 12, 2024 at 5:56 am, by pumarketings
Market Summary Yesterday’s US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs. In the commodity market, Safe-haven gold benefited from the weaker dollar andContinue Reading
Gold Rises As US Inflation Points To Fed Easing
Written on December 12, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * US Disinflation: The gold price has risen against the dollar following the release of crucial inflation numbers in the United States. The US Bureau of Labor Statistics (BLS) reported that headline CPI was 0.3% MoM, a tenth more than expected but in line with predictions. Core CPI remained constant at 0.3% MoM,Continue Reading
