Yearly Archives: 2024
41654156156Chinese Equity Market Bullish After Rate Cut

Written on September 25, 2024 at 5:34 am, by pumarketings
Market Summary The Asian equity market has taken centre stage in the global financial landscape, particularly with Chinese indexes, such as the China A50 and the Hang Seng Index (HSI), both surging by nearly 10% over the past two sessions. This rally has been driven by monetary easing policies and stimulus packages from the ChineseContinue Reading
USDJPY Hold Gains Amid Expectation of BoJ Rate Hike Delay

Written on September 25, 2024 at 2:12 am, by pumarketings
Fundamental Analysis * Yen Drift: The Japanese Yen (JPY) weakened against the US Dollar amid concerns that the Bank of Japan (BoJ) is in no rush to increase interest rates. After the BoJ’s policy decision on Friday, Governor Kazuo Ueda indicated that rate hikes would be considered if inflation trends align with their forecasts. UedaContinue Reading