Monthly Archives: February 2025
41654156156Sterling Depreciate After BoE Rate Cut, Eyes on NFP
Written on February 7, 2025 at 5:45 am, by pumarketings
Market Summary The Pound Sterling weakened following the Bank of England’s widely expected 25-basis-point rate cut yesterday, with GBP/JPY sliding to a two-month low. Market concerns over potential stagflation—characterized by high inflation and sluggish economic growth—further pressured Sterling. Meanwhile, the U.S. dollar faced resistance near the $108.00 mark after higher-than-expected Initial Jobless Claims data weighedContinue Reading
Will CPI Next Week Keep Fed On Course?
Written on February 7, 2025 at 2:37 am, by pumarketings
Wednesday, 12 February 2025, 15:30 – US CPI (YoY) (Jan) The U.S. Consumer Price Index (CPI) rose 2.9% year-over-year in December, in line with market expectation and up from 2.7% in November. The uptick in number was driven by higher energy and food prices. Gasoline surged 4.4% due to supply constraints, while food costs roseContinue Reading
NZDUSD Gains On Weak U.S Data
Written on February 7, 2025 at 2:14 am, by pumarketings
Fundamental Analysis * Sluggish Stats: The New Zealand Kiwi have record mild gains against the dollar following downbeat U.S PMI data dragged the greenback. U.S. services sector activity unexpectedly slowed in January amid cooling demand, helping to curb price growth. The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI)Continue Reading
