Yearly Archives: 2024
41654156156Dollar 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
Advanced Technical Analysis: Decoding Market Movements
Written on September 25, 2024 at 8:46 am, by sallychang