Yearly Archives: 2024
41654156156NZDUSD Extend Losses Following US PPI
Written on November 15, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * Persistent Inflation: The New Zealand Dollar continues to slide, hitting a three-month low as the U.S. dollar strengthens, driven by recent U.S. inflation data. The Producer Price Index (PPI), reflecting inflation at the producer level, aligned with forecasts for October, showing a 0.2% monthly increase, following the previous month’s revised 0.1% rise.Continue Reading
Dollar Surge on High CPI
Written on November 14, 2024 at 5:09 am, by pumarketings
Market Summary The U.S. CPI release aligned with market expectations at 2.6%, reflecting a rebound in inflation within the country. Coupled with Donald Trump’s election victory, this trend strengthens the likelihood of the Fed maintaining a restrictive stance to counter inflationary risks. This cautious Fed outlook contributed to a pause in Wall Street’s recent rally,Continue Reading
USD/JPY Extend Upside Following U.S CPI
Written on November 14, 2024 at 2:06 am, by pumarketings
Fundamental Analysis * Inflation Grip: The Japanese Yen continues to weaken against the strengthening U.S. Dollar, following the release of U.S. CPI inflation data. The Consumer Price Index (CPI) report did not offer the inflation slowdown that markets had hoped for, but it did align with expectations. Monthly headline CPI remained steady at 0.2% asContinue Reading
