About: pumarketings
Recent Posts by pumarketings
Gold Prices Back to All-time High Territory
Market Summary Asian equity markets opened strongly at the start of the week, buoyed by the bullish sentiment from last Friday’s U.S. market performance. Investors in the U.S. are eyeing Nvidia’s earnings report on Wednesday, anticipating another AI-driven rally. On the other hand, geopolitical issues in Eastern Europe and the Middle East have intensified, drivingContinue Reading
Euro Gains Amid Firm Speculation Of Fed Rate Cut.
Fundamental Analysis * Fed Buzz: The Euro has gained ground against the US dollar, propelled by strong speculation that the Federal Reserve will initiate interest rate cuts starting from the September meeting, thereby exerting downward pressure on the dollar. The recent muted Consumer Price Index (CPI) release sparked fresh optimism that the disinflationary pattern, whichContinue Reading
Eyeing on Today’s Euro CPI
Market Summary The dollar index (DXY) found support above the $104 mark after two consecutive sessions of decline, as U.S. inflation showed signs of easing. The U.S. initial jobless claims released yesterday came in slightly better than the previous reading, providing some buoyancy for the dollar. While the U.S. stock market lacked momentum, the HongContinue Reading
