Monthly Archives: September 2024
41654156156EUR/USD Slides As Dollar Continue Catches Friday Bid
Written on September 3, 2024 at 2:40 am, by pumarketings
Fundamental Analysis * Dollar Grab: EUR/USD tilted further into the red as the market continue to digest the U.S inflation on earlier Friday and rate cut expectation from Fed. The Federal Reserve (Fed) is almost certain to start reducing interest rates from the September meeting. However, signs of stickiness in the inflation data has weighedContinue Reading
Dollar Strengthen as Inflation Data Remain High
Written on September 2, 2024 at 5:50 am, by pumarketings
Market Summary The highly anticipated PCE reading released last Friday catalysed the U.S. dollar, pushing it above its previous resistance level of $101.00 to reach a weekly high. While the Fed’s preferred inflation gauge came in lower than market expectations, it remained well above the 2% target, suggesting that the Fed may opt for aContinue Reading
Pound Slips As Market Pare Rate Cut Bets
Written on September 2, 2024 at 2:01 am, by pumarketings
Fundamental Analysis * Declining Odds: The pound sterling extend its losses against the greenback following the release of U.S PCE Price Index data which reduce expectation of Fed rate cut bets. The PCE inflation report showed that the core inflation, which excludes volatile food and energy prices, came in with 2.6%, slower than estimates ofContinue Reading
