About: pumarketings
Recent Posts by pumarketings
Aussie Falls on Fed’s Tough Stance, Rising US Yields
Fundamental Analysis * Monetary Musings: The Australian dollar experienced declines against the US dollar following statements made by multiple Federal Reserve officials. A number of Fed officials, including Loretta Mester, John Williams, and Thomas Barkin, suggested that it might be necessary to maintain higher interest rates for an extended period until there is clearer evidenceContinue Reading
Soft CPI Hammers Dollar to Monthly Low
Market Summary Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus. The April CPI came in at 0.3%, lower than the previous month, alongside flat Retail Sales data at 0%. This downbeat economic data has fueled hopes forContinue Reading
USD/CAD Declines As US Inflation Moderates.
Fundamental Analysis * Inflation Chill: The Canadian dollar has strengthened against the US dollar due to a cooler-than-expected US Consumer Price Index report, which has caused the greenback to weaken. This decrease in inflationary pressure has revived hopes in the market for potential rate cuts by the Federal Reserve in September. In April, US CPIContinue Reading
