Monthly Archives: September 2024
41654156156Larger Fed Cut Looms? Key Data Next Week In Sight
Written on September 27, 2024 at 2:06 am, by pumarketings
Monday, 30 September 2024, 08:00 – UK GDP (QoQ) (Q2) The latest UK GDP data released in August 2024 showed a growth of 0.6% quarter-on-quarter (QoQ) for Q2 2024 in its preliminary reading. The reading was in line market expectation but slightly lower the previous reading of 0.7%. The British economy has recorded slight butContinue Reading
Kiwi Retreats On RBNZ Rate Cut Risk
Written on September 27, 2024 at 1:59 am, by pumarketings
Fundamental Analysis * Rate Cut Speculation: The New Zealand Dollar has pulled back from its recent highs amid speculation of further rate cuts by the RBNZ. Despite being the top-performing G10 currency over the week—boosted by news of new stimulus measures in China and New Zealand’s main export market, the currency is currently being weighContinue Reading
Dollar Strengthen Ahead of GDP Reading
Written on September 26, 2024 at 5:08 am, by pumarketings
Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases, including GDP and the PCE reading due on Friday. The Dollar Index (DXY), however, faces resistance between $101.00 and $100.85 at its previous fair-value gap; a break above this range could shift the current bearish outlook. Meanwhile, WallContinue Reading
