About: pumarketings
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Pound Lose Ground on BoE Dovish Tone
Market Summary The Pound Sterling fell sharply yesterday, with the Pound Sterling Index (BXY) dropping more than 2% following a dovish statement from BoE Governor Andrew Bailey. Bailey indicated that the Bank of England is prepared to implement rate cuts if UK inflation shows signs of easing. Similarly, the Japanese Yen remained under pressure, asContinue Reading
Middle East Fuel Safe-Haven, Would Data Further Boost?
Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and a slowdown inContinue Reading
Euro Slips Amid Weak EU data
Fundamental Analysis * Data Slump: The Euro is weakening against the dollar after weak inflation data cast a bleak outlook for the Eurozone. The headline inflation rate, represented by the CPI, dropped to 1.8%—marking the first time in 39 months that it has fallen below the European Central Bank’s (ECB) 2.0% target. This increases theContinue Reading
