About: pumarketings
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Euro Extend Losses Following Strong U.S PPI
Fundamental Analysis * PPI Heat: The euro continues to slide against the dollar following the release of stronger-than-expected U.S. PPI data. The U.S. Core PPI rose at a faster annual rate, coming in at 2.8%, surpassing both market expectations and previous readings of 2.7% and 2.6%. This hotter-than-anticipated producer inflation, coupled with persistently high inflationContinue Reading
Oil Prices Surge on Heightened Geopolitical Tension
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential disruptions to globalContinue Reading
USD Stays Strong: Can Next Week’s Data Fuel More Gains
Tuesday, 15 October 2024, 14:30 – Canada CPI (YoY)(Sep) The latest release of Canada’s Consumer Price Index (CPI) for August 2024 showed a year-over-year increase of 2.0%, down from the previous 2.5% in July. The figures landing on the Bank of Canada’s target for the first time since 2021, leaving the door open for moreContinue Reading
