Monthly Archives: September 2024
41654156156Gold Poise at Peak Level
Written on September 24, 2024 at 5:26 am, by pumarketings
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be key in shapingContinue Reading
Pound Sterling Gains As Dollar Remains Weak On Post Fed
Written on September 24, 2024 at 2:10 am, by pumarketings
Fundamental Analysis * Post Fed Pop: The pound sterling continues to gain strength against the dollar, as the greenback remains fragile following the Federal Reserve’s recent shift toward a rate-cutting cycle. Last week, the Fed’s unexpected decision to implement a double rate cut has weakened USD flows, pushing GBP to the upper range. In termsContinue Reading
Wall Street Calm after Fed’s Rate Cut Rally
Written on September 23, 2024 at 5:34 am, by pumarketings
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be key in shapingContinue Reading
