About: pumarketings
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Greenback Rallies on Fed Hike Bets
Market Summary The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback’s upward trajectory. Oil prices retreated during holiday trading due to dollar strength and profit-taking after recent gainsContinue Reading
New Year, New Market: 2025 Expected For Quiet Start!
Thursday, 2 January 2025, 09:00 – US ISM Manufacturing PMI (Dec) The latest U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) for November 2024 was 48.4%, exceed market expectation of 47.7 and also up from 46.5% in October. This indicates a continued contraction in the manufacturing sector, though at a slower pace. The slight improvement inContinue Reading
Euro Slips Amid Quiet Holiday Session and Dovish ECB Tone
Fundamental Analysis * Holiday Hush: The Euro drifted lower against the U.S. dollar amid subdued trading activity, as many traders remained on holiday ahead of the New Year. Sentiment was dampened by a dovish tone from the European Central Bank (ECB), with Governing Council member Boris Vujcic indicating that further rate cuts are likely ifContinue Reading
