Yearly Archives: 2024
41654156156Dollar Calm ahead of the U.S. Election
Written on November 5, 2024 at 5:30 am, by pumarketings
Market Summary Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength. The Japanese Yen isContinue Reading
Loonie Slips Amid BoC Rate Cut Expectation
Written on November 5, 2024 at 2:12 am, by pumarketings
Fundamental Analysis * Rate Cut In Sight: The Canadian Dollar continue to weaken against the dollar as the Bank of Canada is expected to cut interest rates. BoC Governor Tiff Macklem opened doors for another 50 basis points (bps) interest rate reduction in December. “We’ve demonstrated we’re prepared to do a 50-basis-points cut if weContinue Reading
Dollar Dives on Soft NFP Reading
Written on November 4, 2024 at 5:56 am, by pumarketings
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled expectations for aContinue Reading
