Monthly Archives: August 2024
41654156156Dollar Eases On Soft PPI Reading
Written on August 14, 2024 at 4:58 am, by pumarketings
Market Summary Market risk appetite improved following the release of U.S. Producer Price Index (PPI) data, which came in lower than expected at 0.1%, below both the market consensus and the previous reading. This softer inflation figure suggests that inflationary pressures in the U.S. may be easing, prompting markets to increase their expectations for aContinue Reading
Aussie Dollar Rose Following Hawkish RBA
Written on August 14, 2024 at 2:04 am, by pumarketings
Fundamental Analysis * Hawkish RBA: The Australian dollar has continued to strengthen against the US dollar, driven by a hawkish stance from the Reserve Bank of Australia (RBA). On the data front, Australia’s Westpac Consumer Confidence increased by 2.8% in August, recovering from a 1.1% decline in July. Additionally, the Wage Price Index rose byContinue Reading
Gold Price Stimulates by Geopolitical Tension
Written on August 13, 2024 at 5:08 am, by pumarketings
Market Summary Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the Middle East andContinue Reading
