About: pumarketings
Recent Posts by pumarketings
Dollar Bolsters by Upbeat U.S. Economic Indicators
Market Summary Following the hawkish remarks from the Fed on Wednesday after the interest rate decision, the upbeat U.S. economic indicators released yesterday have further boosted the U.S. dollar, driving it to a two-year high and suggesting a bullish outlook for the greenback. Additionally, the U.S. long-term treasury yield is nearing the 4.6% level, whichContinue Reading
Christmas Around The Corner, Quiet Markets Expected
Monday, 23 December 2024, 09:00 – UK GDP (YoY) (Q3) In November, the UK’s preliminary GDP reading for the third quarter of 2024 showed a 1.0% increase, surpassing market expectations of 0.1% and improving on the previous quarter’s 0.7% growth. This expansion was driven by various sectors, with the services sector—representing a major share ofContinue Reading
Pound Tumbles As Strong US Data Boost Greenback
Fundamental Analysis * Sterling Slide: The pound sterling has plummeted against the dollar, weighed down by strong U.S. jobs data and a solid GDP report. Data released before the New York session indicated a resilient labor market and continued economic growth. Initial Jobless Claims for the week ending December 14 dropped from 242K to 220K,Continue Reading
