About: pumarketings
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Dollar Rises on Jobs Data; Yen Gains on GDP Growth
Market Summary The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday’s Consumer Price Index (CPI) release for furtherContinue Reading
Aussie Sinks On U.S Jobs Data
Fundamental Analysis * Labor Lift: The AUD/USD pair is facing considerable weakness and dropping close to its August lows following the release of the US Nonfarm Payrolls (NFP) data for November. The US Bureau of Labor Statistics (BLS) reported a robust increase of 227,000 in Nonfarm Payrolls, significantly higher than the prior 12,000 gain andContinue Reading
Central Banks’ Rate Moves: Markets Brace for Impact
Tuesday, 10 December 2024, 05:30 – RBA Interest Rate Decision (Dec) In November 2024, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35%. The bank’s reasoning was that while inflation had significantly decreased from its 2022 peak, it was still above the target range. Headline inflation dropped to 2.8% inContinue Reading
