Yearly Archives: 2024
41654156156Aussie Declines Following Fears Of U.S-China Trade War

Written on December 3, 2024 at 2:13 am, by pumarketings
Fundamental Analysis * Trade Tension: The Australian Dollar extended its decline against the US Dollar amid concerns over a potential trade war between the United States and China. US President-elect Donald Trump has threatened to impose 100% tariffs on a group of nine nations if they move to establish a rival currency to the USContinue Reading
Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike

Written on December 2, 2024 at 5:48 am, by pumarketings
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steadyContinue Reading
Gold Dips As Expectation Of Cautious Fed Weigh

Written on December 2, 2024 at 1:56 am, by pumarketings
Fundamental Analysis * Fed Watch Uncertainty: Gold prices which traded in U.S. dollars have declined by 3%, marking their steepest monthly drop of 2024. This decline came as expectations of a cautious Federal Reserve strengthened the U.S. dollar, putting pressure on the precious metal. After Donald Trump’s victory in the November presidential election, speculation grewContinue Reading