Yearly Archives: 2024
41654156156Yen Strengthens on BoJ Speculation

Written on November 28, 2024 at 3:14 am, by pumarketings
Fundamental Analysis * Hawkish Expectations from the BoJ? The Japanese Yen has strengthened to a three-week high against both the U.S. Dollar and Pound Sterling as markets anticipate tighter monetary policy from the Bank of Japan (BoJ). Prime Minister Shigeru Ishiba’s push for significant wage increases during the upcoming “Shuntō” negotiations has heightened inflationary concerns,Continue Reading
Canada Dollar Weakens Amid Tariff Concerns and Falling Oil Prices

Written on November 27, 2024 at 5:56 am, by pumarketings
Fundamental Analysis * Canada Dollar Weakness Amid Economic Concerns: The Canadian Dollar is under pressure due to growing pessimism surrounding Canada’s economic outlook. U.S. President Donald Trump’s recent announcement of potential significant tariffs on Canadian goods has raised concerns about a slowdown in Canada’s economic growth. In addition, the persistent drop in oil prices, aContinue Reading
All Eye on Today’s PCE

Written on November 27, 2024 at 5:41 am, by pumarketings
Market Summary Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar, pressuring other assets. Meanwhile, Wall Street extended gains, with the Dow Jones hitting a fresh all-time high. In forex, the New Zealand dollar unexpectedly rallied to its weekly high despite theContinue Reading