About: pumarketings
Recent Posts by pumarketings
Loonie Slips Amid BoC Rate Cut Expectation
Fundamental Analysis * Rate Cut In Sight: The Canadian Dollar continue to weaken against the dollar as the Bank of Canada is expected to cut interest rates. BoC Governor Tiff Macklem opened doors for another 50 basis points (bps) interest rate reduction in December. “We’ve demonstrated we’re prepared to do a 50-basis-points cut if weContinue Reading
Dollar Dives on Soft NFP Reading
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled expectations for aContinue Reading
EUR/USD Rose Amid Weak U.S Jobs Data
Fundamental Analysis * Dollar Dip: The Euro strengthened against the U.S. dollar after Friday’s release of weaker-than-expected Nonfarm Payroll data. The U.S. Bureau of Labor Statistics reported October’s NFP rose by only 12,000, following a downwardly revised increase of 223,000 in September (from the initial 254,000 estimate), falling short of market expectations of 113,000. TheContinue Reading
