Monthly Archives: December 2024
41654156156Will the the Fed Deliver a Shocking Twist Next Week?
Written on December 13, 2024 at 2:38 am, by pumarketings
Tuesday, 17 December 2024, 15:30 – US Retail Sales (MoM) (Nov) The U.S. retail sales for October rose by 0.4% month-over-month, surpassing the market expectation of 0.3%. This marks the continuation of robust consumer spending, with retail and food services sales growing from $716.03 billion in September to $718.87 billion. Contributing factors include a stableContinue Reading
Pound Sterling Dips Following Hot U.S PPI Data
Written on December 13, 2024 at 2:02 am, by pumarketings
Fundamental Analysis * Persistent Inflation: The pound sterling which traded against the dollar have reversed its gains and turned negative following the release of U.S. Producer Price Index (PPI) data. The report revealed that headline PPI rose to 3%, exceeding both estimates and the previous figure of 2.6%. Meanwhile, core PPI, which excludes volatile foodContinue Reading
Soft CPI Reading, Reinforces Fed Rate Cut
Written on December 12, 2024 at 5:56 am, by pumarketings
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
