About: pumarketings
Recent Posts by pumarketings
Dollar Bolsters By Upbeat Economic Data
Market Summary The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy. Notably, the growth in Durable Goods Orders from -6.9% to 1.4% for February indicates ongoing consumption growth, potentially fueling persistent inflationary pressures. This development has caused a recalibration of market expectations regarding theContinue Reading
Euro Fell On Strong Dollar, Dovish ECB Outlook
Fundamental Analysis * Dipping Euro: The Euro has slipped against the greenback from its weekly high following a buoyant USD supported by positive data and dovish signals from ECB. The US Census Bureau reported that Durable Goods Orders in February increased by 1.4% compared to the previous month, surpassing expectations of 1.1% growth and recoveringContinue Reading
Market Trades Dully Ahead Of PCE
Market Summary The market exhibited relative quietness in yesterday’s trading session as investors positioned themselves ahead of Friday’s release of the PCE index. There is a palpable sense of confusion among market participants regarding the Federal Reserve’s forthcoming monetary policy. While the U.S. central bank remains steadfast in its commitment to implementing rate cuts thisContinue Reading
