About: pumarketings
Recent Posts by pumarketings
Initial Jobless Claims Fuels Dollar
Market Summary The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May. This suggests a resilient job market, potentially leading to stickier inflation and increasing the likelihood of a more hawkish Fed stance in the upcoming monetaryContinue Reading
Dollar Power! Set to Hold Strong with Quiet Data Ahead
Tuesday, 19 November 2024, 12:00 – Eurozone CPI (YoY) (Oct) In October, annual inflation in the Eurozone rose, with the preliminary Eurozone CPI reading climbing to 2% from 1.7% in September, according to Eurostat. The main contributors to this increase were higher prices in services, food, alcohol, and tobacco. The European Central Bank stated thatContinue Reading
NZDUSD Extend Losses Following US PPI
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
