Monthly Archives: August 2024
41654156156Gold Price Stimulates by Geopolitical Tension
Written on August 13, 2024 at 5:08 am, by pumarketings
Market Summary Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the Middle East andContinue Reading
USD/CHF Gains On Hawkish Fed
Written on August 13, 2024 at 1:58 am, by pumarketings
Fundamental Analysis * Hawkish Fed: The USD/CHF saw some buying interest as the dollar began the week on a strong footing, following hawkish remarks by Federal Reserve Governor Michelle Bowman. Bowman suggested that the Fed might not lower rates in September and highlighted ongoing inflation risks due to a robust labor market. Additionally, a generallyContinue Reading
Wall Street Advances Ahead Of CPI
Written on August 12, 2024 at 5:06 am, by pumarketings
Market Summary The equity markets continued their upward momentum, driven by the easing of the Japanese Yen’s strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties. However, attention is now shifting to the upcomingContinue Reading
