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Monday, 23 September 2024, 15:45 – US Manufacturing PMI (Sep) The S&P Global US Manufacturing PMI was revised slightly down to 47.9 in August 2024 from a preliminary of 48. The data continued to point to the most marked deterioration in the health of the manufacturing sector so far this year. Production decreased for theContinue Reading

Fundamental Analysis * BoJ Hike Bets: The Japanese yen has strengthened against the dollar as traders reassess their positions in light of a potential future rate hike from the Bank of Japan (BoJ). Recent economic data showed Japan’s Core Consumer Price Index (CPI) rose to a 10-month high of 3.0% in August, up from 2.8%Continue Reading

Fundamental Analysis * First Cut: USD/CAD surged during the Asian session following the Fed’s rate decision, sparking significant market volatility. The Federal Open Market Committee (FOMC) lowered the federal funds rate to 4.75%-5%, marking its first cut in over four years. During a post-meeting press conference, Fed Chair Jerome Powell said, “This decision reflects ourContinue Reading

Fundamental Analysis * Rate Cut Countdown: The euro is gaining momentum against the U.S. dollar as increasing market expectations for a substantial Fed rate cut put pressure on the greenback. Speculation around a larger cut grew after weaker-than-anticipated August Producer Price Index (PPI) figures and reports indicating that officials may consider such a move. TheContinue Reading

Tuesday, 17 September 2024, 08:00 – US Core Retail Sales (MoM) (Aug) The latest U.S. Core Retail Sales for July reported a 0.4% increase, surpassing the market’s forecast of 0.1%. This better-than-expected outcome was fueled by strong consumer spending, notably in online shopping and restaurant sales, despite ongoing concerns about high inflation. Based on recentContinue Reading