Monthly Archives: November 2024
41654156156Loonie Recovers As Dollar Takes A Breather
Written on November 19, 2024 at 2:39 am, by pumarketings
Fundamental Analysis * Greenback Pause: The Canadian Dollar shifted to a bullish tone, regaining ground against the greenback. The move is driven less by demand for the Loonie and more by a pause in the recent dominance of US Dollar buying. With US data remaining subdued this week, markets are enjoying a respite from US-focusedContinue Reading
Markets Steady as Bitcoin Hits $90K, Gold Rebounds
Written on November 18, 2024 at 5:13 am, by pumarketings
Market Summary Bitcoin surged past $90,000, with a 30% rally since the U.S. election and the crypto market cap exceeding $3 trillion. However, momentum has slowed as investors digest earlier gains. Meanwhile, gold prices rebounded on renewed safe-haven demand driven by trade and political uncertainties, providing support despite pressure from higher Treasury yields. The DollarContinue Reading
Gold Price Recovers Following Geopolitical Conflict
Written on November 18, 2024 at 2:11 am, by pumarketings
Fundamental Analysis * Surging Conflict: Gold prices have rebounded amid escalating geopolitical tensions in the Middle East and the ongoing Ukraine conflict, driving increased demand for safe-haven assets. On Sunday, November 17, Israeli airstrikes reportedly killed dozens in Gaza, according to local civil defense sources, and targeted a central district in Beirut. A Lebanese sourceContinue Reading