Monthly Archives: December 2024
Upbeat U.S. PMI Boost Dollar
Written on December 29, 2024 at 11:36 pm, by
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK and Eurozone weighedContinue Reading
Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike
Written on December 29, 2024 at 11:35 pm, by
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steadyContinue Reading
New Year, New Market: 2025 Expected For Quiet Start!
Written on December 27, 2024 at 2:40 am, by
Thursday, 2 January 2025, 09:00 – US ISM Manufacturing PMI (Dec) The latest U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) for November 2024 was 48.4%, exceed market expectation of 47.7 and also up from 46.5% in October. This indicates a continued contraction in the manufacturing sector, though at a slower pace. The slight improvement inContinue Reading
