About: pumarketings
Recent Posts by pumarketings
Gold Price Slides As Fed Turned Less Dovish.
Fundamental Analysis * • Hawkish Note: The euro edged slightly higher against the dollar, showing modest gains but lacking strong momentum following the release of the latest EU Manufacturing PMI data. According to the Hamburg Commercial Bank (HCOB), the Eurozone Manufacturing PMI improved to 45.2 in December, surpassing the forecast of 45.0. Additionally, the bloc’sContinue Reading
All Eye on Today’s FOMC Interest Rate Decisio
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major currencies, the PoundContinue Reading
NZD/USD Slips Amid Upbeat U.S Retail Sales.
Fundamental Analysis * Retail Resurgence: The New Zealand Kiwi remains under pressure against the U.S. dollar as stronger-than-expected U.S. Retail Sales data lend support to the greenback. According to the U.S. Census Bureau, Retail Sales in the U.S. rose 0.7% MoM in November, exceeding the market forecast of 0.5% and up from a revised 0.4%Continue Reading
