Monthly Archives: September 2024
41654156156Euro Dips on Growing ECB Rate Cut Speculation
Written on September 10, 2024 at 2:05 am, by pumarketings
Fundamental Analysis * ECB Cut Watch: The euro extended its losses against the dollar amid growing expectations that the European Central Bank (ECB) will cut rates at its September 12 meeting. The ECB is set to release economic projections, likely showing downward revisions in growth and inflation. Money market traders are pricing in rate cutsContinue Reading
Wall Street Capitulate on Soft NFP Reading
Written on September 9, 2024 at 5:01 am, by pumarketings
Market Summary The financial markets were shaken by the release of key U.S. economic indicators last Friday, triggering heightened volatility across sectors. The Nonfarm Payrolls (NFP) came in significantly lower than expected at 142k, indicating a slowdown in U.S. economic growth. This weighed heavily on Wall Street, with the Nasdaq dropping more than 2.5%. TheContinue Reading
Aussie Plunged Following Mixed US NFP Release
Written on September 9, 2024 at 2:26 am, by pumarketings
Fundamental Analysis * NFP Aftermath: The Australian Dollar turned negative and declined against the U.S. Dollar following the release of August’s U.S. Non-Farm Payrolls (NFP) report. The data revealed weaker-than-expected job growth, with 142K new jobs added, falling short of the forecasted 160K but still above July’s revised figure of 89K (originally 114K). Despite theContinue Reading
