Monthly Archives: March 2024
41654156156Oil Extends Rally Amid Tight Supply Concern
Written on March 19, 2024 at 1:46 am, by pumarketings
Fundamental Analysis * Supply Squeeze: Oil prices extend its rally towards 4.5 month high as energy markets show growing concern over the ongoing decline in crude oil supplies expected to persist in the near future. Despite countries outside of the Organization of the Petroleum Exporting Countries (OPEC), notably the US, are pumping record amounts ofContinue Reading
All Eye On BoJ Interest Rate Decision
Written on March 18, 2024 at 5:34 am, by pumarketings
Market Summary The financial markets are bracing for a flurry of events this week, with central banks including the Bank of Japan (BoJ), the Federal Reserve (Fed), and the Bank of England (BoE) all set to announce their monetary policy decisions. All eyes are particularly focused on the BoJ, where there is anticipation for theContinue Reading
Yen Slips On BoJ’s Continued Loose Policy Expectation
Written on March 18, 2024 at 1:42 am, by pumarketings
Fundamental Analysis * BoJ’s Ultra-Loose Policy Hopes Soar: The Japanese Yen continue to weaken against the greenback amid anticipations that the Bank of Japan (BoJ) will maintain its expansionary policy stance during the upcoming meeting on Tuesday. Currently, numerous underlying factors support the possibility of the BoJ moving away from negative interest rates. The BoJ’sContinue Reading
