Yearly Archives: 2024
41654156156Gold Falls As Strong US Dollar, Trump’s Policies Weigh
Written on November 12, 2024 at 2:08 am, by pumarketings
Fundamental Analysis * Dollar Pressure: Gold prices suffered their worst weekly performance in five months, dropping sharply as speculation around a second term for Donald Trump raised concerns about a renewed escalation in trade tensions, supporting the U.S. Dollar. In overnight news, Bloomberg reported that BlackRock and JPMorgan warned the sell-off in U.S. bonds isContinue Reading
Yen Eases on Dovish BoJ Monetary Policy Prospect
Written on November 11, 2024 at 5:15 am, by pumarketings
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at the start ofContinue Reading
Aussie Dollar Slips After Trump Tariff Threat
Written on November 11, 2024 at 2:07 am, by pumarketings
Fundamental Analysis * Tariff Threat: The Australian dollar remains under pressure against the U.S. dollar due to concerns over Donald Trump’s recent proposal to raise tariffs on Chinese imports. Australia, a major exporter to China, could feel the economic impact of Trump’s suggested 60% tariff on all Chinese goods. Trump argues that this tariff increaseContinue Reading
