Yearly Archives: 2024
41654156156Kiwi Retreats On RBNZ Rate Cut Risk

Written on September 27, 2024 at 1:59 am, by pumarketings
Fundamental Analysis * Rate Cut Speculation: The New Zealand Dollar has pulled back from its recent highs amid speculation of further rate cuts by the RBNZ. Despite being the top-performing G10 currency over the week—boosted by news of new stimulus measures in China and New Zealand’s main export market, the currency is currently being weighContinue Reading
Dollar Strengthen Ahead of GDP Reading

Written on September 26, 2024 at 5:08 am, by pumarketings
Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases, including GDP and the PCE reading due on Friday. The Dollar Index (DXY), however, faces resistance between $101.00 and $100.85 at its previous fair-value gap; a break above this range could shift the current bearish outlook. Meanwhile, WallContinue Reading
Pound Corrects on Dollar Strength, But Losses Stay Capped

Written on September 26, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * Pound Resilience: The Pound Sterling slipping against the US Dollar due to a modest recovery in the greenback. However, losses are limited as the outlook for the British currency remains positive, driven by expectations of a less-dovish Bank of England (BoE). Investors anticipate that the BoE will reduce interest rates gradually. InContinue Reading