Yearly Archives: 2024
41654156156Japanese Yen Remains Weak Amid Strong Dollar
Written on December 4, 2024 at 2:13 am, by pumarketings
Fundamental Analysis * Fading Yen: The Japanese Yen was trading in negative territory against the dollar as upbeat U.S manufacturing data and job openings data this week indicated that the US economy remains robust, lifting the Greenback. The business activity in the US manufacturing sector continued to contract, albeit at a softer pace in November,Continue Reading
CFD Rollover Notice for December
Written on December 3, 2024 at 8:34 am, by alanzhu
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please note: The rolloverContinue Reading
Upbeat U.S. PMI Boost Dollar
Written on December 3, 2024 at 5:50 am, by pumarketings
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK and Eurozone weighedContinue Reading
