Monthly Archives: August 2024
41654156156Fed Pressured: Will CPI Data Fuels Calls for Rate Cuts？
Written on August 9, 2024 at 2:52 am, by pumarketings
Tuesday, 13 August 2024, 16:00 – US PPI (MoM) (Jul) The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. This increase followed a flat reading in May and a decline of 0.2% in April, highlighting some volatility in producer prices over theContinue Reading
Japanese Yen Remains Weak On Dovish BoJ
Written on August 9, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * Yen Woes: The Japanese Yen continues to weaken against the dollar as the market processes dovish statements from the Bank of Japan (BoJ). According to Reuters, BoJ Deputy Governor Shinichi Uchida recently stated that the BoJ would not consider raising interest rates amidst market instability. He also mentioned that the BoJ’s interestContinue Reading
Oil Prices Surge on Libya Oil Production Close-down
Written on August 8, 2024 at 5:23 am, by pumarketings
Market Summary The U.S. dollar remains stable amidst significant market volatility this week. The low NFP reading from last Friday has cast a shadow over the economic outlook, and the Yen carry trade situation may worsen if the BoJ continues to tighten its monetary policy. Traders are closely watching today’s U.S. job data, including initialContinue Reading
