Yearly Archives: 2024
41654156156USDCHF Rose As Fed Deals Out Another Rate Cut
Written on November 8, 2024 at 2:16 am, by pumarketings
Fundamental Analysis * Expected Cut: The USD/CHF pair has inched upward as the market continues to digest the Federal Reserve’s anticipated 25 basis point rate cut. This latest quarter-point reduction, announced on Thursday, follows a larger 50 basis point cut made in early September. Fed officials stated that the labor market has “generally eased,” whileContinue Reading
Dollar and Wall Street Bullish on Trump Victory
Written on November 7, 2024 at 5:55 am, by pumarketings
Market Summary The market has responded decisively to the U.S. presidential election results from November 5, which confirmed Donald Trump’s re-election, fueling what’s now dubbed the “Trump trade.” The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July. Wall Street also rallied sharply in the previous session, with theContinue Reading
Gold Plunged As Trump Victory Boost Dollar
Written on November 7, 2024 at 2:14 am, by pumarketings
Fundamental Analysis * Trump Triumph: Gold prices have plunged following Donald Trump’s win in the 2024 presidential election, which has driven both the dollar and Treasury yields higher. Treasury yields surged on expectations that a second Trump administration may introduce policies, like tariffs, likely to spur inflation, potentially prompting the Fed to slow its rate-cuttingContinue Reading
