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Dollar Dives on Soft NFP Reading
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled expectations for aContinue Reading
EUR/USD Rose Amid Weak U.S Jobs Data
Fundamental Analysis * Dollar Dip: The Euro strengthened against the U.S. dollar after Friday’s release of weaker-than-expected Nonfarm Payroll data. The U.S. Bureau of Labor Statistics reported October’s NFP rose by only 12,000, following a downwardly revised increase of 223,000 in September (from the initial 254,000 estimate), falling short of market expectations of 113,000. TheContinue Reading
Investment Rationale: Impact of the 2024 U.S. Presidential Election on Forex and Gold
Executive Summary The 2024 U.S. Presidential Election is a critical event with anticipated effects on forex and commodities markets, particularly for the U.S. dollar and gold. Each candidate’s economic policy direction—Donald Trump’s nationalistic trade stance and Kamala Harris’s focus on infrastructure and social programs—presents unique implications for these asset classes. As volatility rises, PU Prime’sContinue Reading
