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- PUPrime replied Nov 16, 2023
Market Highlights (17/11/23) US Dollar Jobless Claims Disappointment: The US Dollar experiences prolonged losses as US Initial Jobless Claims miss expectations, signaling potential labor market cooling. The rise from 218K to 231K, missing the ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 15, 2023
Market Recap (16/11/23) US Dollar: The US Dollar rebounds on the back of better-than-expected retail sales data despite October's significant drop. US Retail Sales came in at -0.10%, better than market expectations of -0.30% US Core Retail Sales ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 15, 2023
Market Recap (15/11/23): US Dollar Faces Downturn on Disappointing Inflation: The US Dollar slumped significantly on dismal inflation data, with the Consumer Price Index (CPI) reporting a decline from 0.4% to 0.0%. Speculation arises that the ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 13, 2023
Gold Analysis: image Gold Surges Amid Market Uncertainty Before CPI Release Gold prices are exhibiting a noteworthy rebound, driven by heightened investor demand for safe-haven assets amid uncertainties preceding the release of the October ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 13, 2023
Short Daily Updates (14th November 2023) Dollar Stagnant Ahead of CPI: The US Dollar remains flat as investors await the October Consumer Price Index (CPI), expecting a 0.10% monthly rise. Analysts foresee potential US inflation moderation due to ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 12, 2023
Short Daily Updates (13rd November 2023) US Dollar: The US Dollar surged on Friday driven by hawkish statements from Federal Reserve members, especially emphasized by Federal Reserve Bank of San Francisco President Mary Daly, hinting at a prolonged ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 9, 2023
Short Daily Updates (10th November 2023) US Dollar: US Dollar rebounds on Powell's hawkish tone, emphasizing a potential retention of a tightening monetary cycle to combat inflation. US Jobs Data: US Initial Jobless Claims slightly increase but fail ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 9, 2023
Gold Analysis: image Gold Surges Despite Fed's Hawkish Stance on Downbeat Jobs Data Fundamentally, gold prices displayed a significant resurgence, spurred by a disappointing US Jobs report that underscored ongoing challenges within the American ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 8, 2023
Gold Analysis image Persistent Risk-On Sentiment Pressures Safe-Haven Gold Prices Gold prices continue their downward trajectory as a prevailing risk-on sentiment takes hold in the global financial markets. The improved prospects of US-China ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 8, 2023
Short Daily Updates (9th November 2023) US Dollar Awaits Powell's Speech: The US Dollar consolidates while markets await Fed Chair Jerome Powell's statement, with expectations of a weaker economy affecting its appeal. Powell refrained from policy ...
PUPrime In-Depth Market Analysis (Discussion)
- Submitted Nov 8, 2023|From puprime.com
In a sharp turn, oil prices tumbled nearly 5% as the demand outlook dimmed, exacerbated by a substantial surge in U.S. crude stockpiles revealed in the API weekly data. This surge implied a significant cool-off in oil demand. Eyes are now fixed on ...
- PUPrime replied Nov 7, 2023
Gold Analysis image Gold Extends Losses Amid Improved Risk-on Sentiment The gold market continues its decline, reflecting a shift in market sentiment towards risk-on behavior. This change is attributed to the easing of tensions in the Middle East ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 7, 2023
Short Daily Updates (8th November 2023) Dollar's Uptick: The US Dollar saw a rebound, partly due to technical corrections and bargain hunting. All eyes are now on the Federal Reserve as investors eagerly await clues from their upcoming statement. ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 7, 2023
Short Daily Updates (7th November 2023) Dollar: The US Dollar is under pressure as weak economic data, including disappointing Nonfarm Payroll figures and rising unemployment rates, lead to expectations of a more dovish stance from the Federal ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 5, 2023
Short Daily Updates (6th November 2023) US Dollar: The US Dollar weakened as recent employment figures showed a significant slowdown in job growth, pushing the unemployment rate to a nearly two-year high of 3.90%. The Bureau of Labor Statistics ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 5, 2023
image Gold Prices Soar to $2000 Psychological Level Post NFP Gold prices initially surged, reaching the psychological level of $2000 in response to the downbeat US jobs report. The decline in US Treasury yields, attributed to speculation that the ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 2, 2023
Short Daily Updates (3rd November 2023) GBP/USD: Pound Sterling gained momentum as the Bank of England maintained interest rates at a 15-year high due to rising UK inflation. The Monetary Policy Committee's decision to keep rates at 5.25% signaled ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 1, 2023
GOLD Analysis image GOLD, H4 Gold Rebounds from Key Support: Eyes on US Job Data Gold prices staged a modest recovery from a crucial support level at $1980, thanks in part to declining two-year US Treasury yields following the Federal Reserve's ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Nov 1, 2023
Short Daily Updates (2nd November 2023) US Dollar: The US Dollar retreated slightly after the Federal Reserve's decision to maintain interest rates, which led to a slide in two-year Treasury yields, reducing the dollar's appeal. Economic data from ...
PUPrime In-Depth Market Analysis (Discussion)
- PUPrime replied Oct 31, 2023
Gold Prices Retrace Amidst Anticipation of Key Events (GOLD Analysis) image In today's market action, gold prices retraced due to technical corrections, setting the stage for a pivotal week ahead. Investors are keeping a keen eye on the Federal ...
PUPrime In-Depth Market Analysis (Discussion)