About: pumarketings
Recent Posts by pumarketings
Euro Strengthens as Easing Trade Risks and Hawkish ECB Tone Support Currency
Key highlights: *Euro advanced as signs of progress in U.S.-EU trade talks boosted sentiment. *The European Central Bank signaled heightened vigilance over possible inflation risks tied to U.S. tariffs. *The dollar weakened as markets adopted a “wait-and-see” stance amid uncertainty over Trump’s next moves, including the surprise copper tariffs. Market summary: The euro advanced inContinue Reading
Pound Holds Ground Amid Fiscal and Data Watch
Key Takeaways: *Sterling steadied, supported by the resilient banking sector and BoE’s decision to hold the countercyclical capital buffer at 2%. *UK fiscal worries grow, with Reeves’ £4.8B welfare plan fueling gilt selloff and lifting 10-year yields to 4.63%. *GBP awaits GDP data for direction, as signs of recovery could reinforce BoE’s cautious stance, whileContinue Reading
JPY Rises on Fiscal Jitters and Trade Tensions
Key Takeaways: *USD/JPY weakens as JGB yields surge, with the 20-year yield hitting a 25-year high, narrowing the yield gap with U.S. Treasuries and supporting the yen. *Rising fiscal concerns ahead of Japan’s July 20 election are ironically driving safe-haven flows into JPY, as investors brace for increased volatility and budget uncertainty. *Trump’s tariff threatContinue Reading
