About: pumarketings
Recent Posts by pumarketings
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
Wall Street Extends Gains as AI Momentum and Fed Minutes Boost Sentiment
Key Takeaways: *Nasdaq rose nearly 200 points, driven by a sharp rally in Nvidia. *Fed minutes showed some officials open to a rate cut as early as July. *Market sentiment improved after Trump signaled positive progress in trade talks with the EU. Market Summary: U.S. equity markets extended their rally in the last session, withContinue Reading
