Monthly Archives: March 2024
41654156156GBP/USD Fell Amid Strong U.S Data, BoE Governor Comments
Written on March 15, 2024 at 2:01 am, by pumarketings
Fundamental Analysis * Renewed Greenback: The pound sterling has fallen against the dollar after robust U.S data, which has led to a resurgence in demand for the greenback. Data released by the US Census Bureau on Thursday indicated that U.S Retail Sales surged by 0.6% month-over-month (MoM) in February, rebounding from a downwardly revised -1.1%Continue Reading
Dollar Flat, Eye On Pivotal Economic Data
Written on March 14, 2024 at 4:24 am, by pumarketings
Market Summary The Dollar Index retreated from resistance levels, as market participants applied profit-taking strategies ahead of crucial events. With attention shifting towards the pivotal Producer Price Index (PPI) and retail sales figures, investors seek insights into the economy’s trajectory and potential interest rate adjustments by the Federal Reserve. Meanwhile, US equity markets experienced aContinue Reading
WTI Surges On Inventory Dips And Geopolitical Woes
Written on March 14, 2024 at 1:59 am, by pumarketings
Fundamental Analysis * Fueling Momentum: The price of crude oil has soared as supply concerns intensified and rising geopolitical risk that threaten to underwhelm supply. The US Energy Information Administration (EIA) revealed that crude oil stockpiles fell by 1.5 million barrels in the prior week, a figure below the anticipated 1.34-million-barrel rise forecasted by analysts.Continue Reading
