About: pumarketings
Recent Posts by pumarketings
Higher Tokyo CPI Bolsters BoJ Rate Hike Expectation
Market Summary Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday’s session while the Dow Jones eked out a marginal gain. The small-cap Russell 2000 index remains on an upward trajectory, indicating capital rotation away from mega-cap stocks, tempered by AI jitters. The dollar index edged higher followingContinue Reading
Yen Resurgence! Will Next BoJ Week Sustain the Rally?
Tuesday, 30 July 2024, 16:00 – US CB Consumer Confidence (Jul) The U.S. Conference Board reported a slight decline in the US Consumer Confidence Index (CCI) for June 2024, dropping to 100.4 from 101.3 in May. This decline is primarily due to a fall in the Expectations Index, which decreased to 73.0 from 74.9. TheContinue Reading
USD/CAD Retreats On Profit Taking, Eyes PCE
Fundamental Analysis * Profit Pullback: The USD/CAD pair has taken a breather and retreated from its high as investors begin profit-taking after digesting better-than-expected U.S. GDP data. According to the Commerce Department’s report on Thursday, the initial estimate of the US Real Gross Domestic Product (GDP) for the April-to-June period showed a 2.8% annualized growthContinue Reading
