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Soft CPI Reading, Reinforces Fed Rate Cut
Market Summary Yesterday’s US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs. In the commodity market, Safe-haven gold benefited from the weaker dollar andContinue Reading
Written on December 12, 2024 at 5:56 am
Categories: Daily Market Analysis
Gold Rises As US Inflation Points To Fed Easing
Fundamental Analysis * US Disinflation: The gold price has risen against the dollar following the release of crucial inflation numbers in the United States. The US Bureau of Labor Statistics (BLS) reported that headline CPI was 0.3% MoM, a tenth more than expected but in line with predictions. Core CPI remained constant at 0.3% MoM,Continue Reading
Written on December 12, 2024 at 2:10 am
Categories: Trade Of The Day
Unwrap the Joy with PU Prime’s Christmas Promotion
Ebene, Mauritius – 28 November 2024 – PU Prime, a leading global fintech company in trading and investment services, is excited to announce a new Christmas promotion, bringing holiday cheer to traders with an exclusive opportunity to win seasonal rewards. This special event offers traders exciting ways to win holiday rewards, including Deposit Vouchers, TradeContinue Reading
Written on December 12, 2024 at 2:06 am
Categories: Promotion
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