Yearly Archives: 2024
41654156156Middle East Fuel Safe-Haven, Would Data Further Boost?
Written on October 4, 2024 at 2:22 am, by pumarketings
Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and a slowdown inContinue Reading
Euro Slips Amid Weak EU data
Written on October 4, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * Data Slump: The Euro is weakening against the dollar after weak inflation data cast a bleak outlook for the Eurozone. The headline inflation rate, represented by the CPI, dropped to 1.8%—marking the first time in 39 months that it has fallen below the European Central Bank’s (ECB) 2.0% target. This increases theContinue Reading
Yen Capitulates on Ishiba Dovish Tone
Written on October 3, 2024 at 5:57 am, by pumarketings
Market Summary Hong Kong’s stock rally paused in today’s session after the Chinese index surged by over 30% from its September lows. The equity market is now facing profit-taking pressure, with the Hang Seng Index down nearly 3% as of writing. In contrast, Japan’s Nikkei 225 jumped at the market’s open, driven by a surpriseContinue Reading
