Monthly Archives: April 2024
41654156156Yen Fell Amid U.S Inflation Data, Spark Intervention Fears
Written on April 12, 2024 at 1:46 am, by pumarketings
Fundamental Analysis * • Intervention Imminent?: The Japanese Yen has reached a 34-year low against the dollar, a level not witnessed since 1990, following robust U.S. inflation data that boosted the greenback. In March, the Consumer Price Index (CPI) experienced a 0.4 percent monthly surge, exceeding the anticipated 0.3 percent increase as per a ReutersContinue Reading
Dollar Surges on CPI Beat, Gold Pressured
Written on April 11, 2024 at 2:43 am, by pumarketings
Market Summary The Dollar Index surged on the back of robust inflation data, surprising investors and challenging expectations of an imminent rate cut. US Consumer Price Index (CPI) figures outpaced forecasts for the fourth consecutive month, reaching 3.5% over the 12 months to March. This unexpected inflationary pressure prompted a reevaluation of market sentiments regardingContinue Reading
All Eye on the U.S. CPI
Written on April 10, 2024 at 3:50 am, by pumarketings
Market Summary Market participants are keenly awaiting the U.S. Consumer Price Index (CPI) data set for release today, a crucial determinant of the Federal Reserve’s forthcoming monetary policy direction. In the lead-up, the Dollar Index (DXY) has experienced a downturn, struggling to stay above the critical 104.00 threshold. Concurrently, a decline in U.S. long-term treasuryContinue Reading
