Monthly Archives: January 2025
41654156156Dollar Strong on Resilient Job Data
Written on January 3, 2025 at 5:57 am, by pumarketings
Market Summary The U.S. dollar extended its rally, with the Dollar Index (DXY) surging to 109.00 for the first time since November 2022 following upbeat economic data. While U.S. PMI readings remained below the 50 threshold, they exceeded market expectations. Meanwhile, Initial Jobless Claims fell to 211,000—the lowest since May 2024—signaling a resilient labor marketContinue Reading
Dollar Reign Supreme, US Jobs Eyed Next Week!
Written on January 3, 2025 at 2:50 am, by pumarketings
Tuesday, 7 January 2025, 17:00 – US ISM Non-Manufacturing PMI (Dec) The U.S. ISM Non-Manufacturing PMI for November registered at 52.1, falling short of the market’s expectation of 55.5. While the reading indicates continued growth in the U.S. services sector, it reflects a slower pace than October’s figure of 56.0. This slowdown was mainly attributedContinue Reading
GBP/JPY Fell On Dovish BoE Bets
Written on January 3, 2025 at 2:19 am, by pumarketings
Fundamental Analysis * Doves Drive the Pound: The GBP/JPY pair has declined sharply as growing expectations of a dovish Bank of England (BoE) continue to pressure the pound sterling. BoE Governor Andrew Bailey emphasized that a “gradual” strategy for cutting interest rates remains appropriate, countering market expectations for fewer rate reductions in the upcoming year.Continue Reading
