About: pumarketings
Recent Posts by pumarketings
Euro Gains As Fed Rate Cut Around The Corner
Fundamental Analysis * Rate Cut Countdown: The euro continues to strengthen against the U.S. dollar as growing market expectations of a significant Fed rate cut weigh on the greenback. Speculation of a larger cut intensified following softer-than-expected August Producer Price Index (PPI) data and media reports suggesting officials are open to such a move. AccordingContinue Reading
Dollar Under Pressure: Is a 50 bps Rate Cut on the Horizon?
Market Summary The US Dollar Index continues to extend its losses, hovering near strong support levels ahead of the Federal Reserve’s crucial monetary policy meeting this week. With market expectations leaning towards a rate cut, investors are closely watching the Fed’s decision, as nearly 41% anticipate a 50-basis-point reduction, according to the CME FedWatch Tool.Continue Reading
Dollar Ease While Gold Records All-time High
* The dollar eases to a weekly low while Wall Street gains ahead of Wednesday’s Fed interest rate decision. * Gold surged to an all-time high on the weakening dollar’s strength. * Oil prices ease in strength, hindered by lacklustre Chinese economic indicators. Market Summary U.S. Dollar (USD) has been under pressure due to growingContinue Reading
