Yearly Archives: 2024
41654156156Dollar Remain Firm Ahead of CPI

Written on November 13, 2024 at 4:39 am, by pumarketings
Market Summary The treasury market experienced intensified sell-off pressure, driving yields higher and boosting dollar strength in recent sessions. The Dollar Index (DXY) reached the 106.00 mark for the first time since June, with all eyes on the upcoming U.S. CPI reading, which could be pivotal for the dollar’s trajectory. Rising yields have pressured WallContinue Reading
Pound Tumbles As UK Jobless Rate Increase
Written on November 13, 2024 at 2:14 am, by pumarketings
Fundamental Analysis * Jobless Surge: The pound has slid against the dollar after disappointing UK employment data. The Office for National Statistics (ONS) revealed that the ILO Unemployment Rate rose to 4.3% in the three months ending in August, up from 4.0% and exceeding forecasts of 4.1%. During this period, UK employers added 219,000 jobs,Continue Reading
Dow Jones Reach New High on Trump Victory

Written on November 12, 2024 at 5:28 am, by pumarketings
Market Summary The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session.Continue Reading