Monthly Archives: December 2024
41654156156Gold Surge on Rising Geopolitical Issues
Written on December 10, 2024 at 5:45 am, by pumarketings
Market Summary Chinese equities soared as top leaders signaled more aggressive stimulus measures to revitalize the economy. The Hang Seng Index and China A50 Index both rallied over 3% in the previous session, with momentum carrying into today’s trading. Oil prices rebounded from recent lows, buoyed by China’s economic revival plans and geopolitical tensions inContinue Reading
Euro Slips As ECB Rate Call Looms Ahead
Written on December 10, 2024 at 2:04 am, by pumarketings
Fundamental Analysis * Rate Reckoning: The Euro has softened against the US Dollar as traders prepare for Thursday’s European Central Bank (ECB) rate decision. The currency’s movement has been relatively subdued in the early part of the week, with expectations of an ECB rate cut looming. Following weaker-than-expected economic data, the ECB is widely expectedContinue Reading
Dollar Rises on Jobs Data; Yen Gains on GDP Growth
Written on December 9, 2024 at 3:37 am, by pumarketings
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
