Monthly Archives: September 2024
41654156156Wall Street Rallies on Dovish Fed’s Policy
Written on September 20, 2024 at 5:27 am, by pumarketings
Market Summary Wall Street surged with strong bullish momentum after digesting the FOMC interest rate decision on Wednesday. All three major U.S. equity indexes saw significant gains, with the Nasdaq leading the charge, closing up by more than 2.5%. This tech-heavy index, sensitive to interest rate changes, is expected to catch up to the DowContinue Reading
Fed’s Jumbo Rate Cut, Market Set To Rattle
Written on September 20, 2024 at 2:34 am, by pumarketings
Monday, 23 September 2024, 15:45 – US Manufacturing PMI (Sep) The S&P Global US Manufacturing PMI was revised slightly down to 47.9 in August 2024 from a preliminary of 48. The data continued to point to the most marked deterioration in the health of the manufacturing sector so far this year. Production decreased for theContinue Reading
USD/JPY Fell Amid BoJ Rate Hike Expectation
Written on September 20, 2024 at 2:19 am, by pumarketings
Fundamental Analysis * BoJ Hike Bets: The Japanese yen has gained ground against the dollar as market participants reevaluate their positions, factoring in the likelihood of a future rate hike from the Bank of Japan (BoJ). The economic data released on Friday highlighted that Japan’s Core Consumer Price Index (CPI) surged to a 10-month peak,Continue Reading
