Monthly Archives: May 2025
Chart the Market (13/05/2025)
Written on May 13, 2025 at 6:04 am, by pumarketings
BTC, H4: Bitcoin extended its uptrend last week, breaking above the long-term 61.8% Fibonacci retracement level at $96,000 and climbing toward the all-time high territory just below $110,000. However, after a sharp 9% rally, momentum is beginning to show signs of fatigue, with traders eyeing potential technical retracement. Key support now lies near the $98,000Continue Reading
Renewed optimism after US-China trade deal signals, Boosts Dollar
Written on May 12, 2025 at 12:24 am, by pumarketings
Key Takeaways: *Dollar Index rallies on renewed optimism after US-China trade deal signals *Gold prices fall sharply as safe-haven demand weakens amid easing geopolitical tensions. Global risk appetite strengthened significantly as geopolitical tensions showed signs of easing, particularly between the United States and China. The White House announced that a trade agreement with China hadContinue Reading
U.S.-China Trade Deal Boosts Equity Market
Written on May 12, 2025 at 12:20 am, by pumarketings
Key Takeaways: *U.S. equity futures jump after the White House confirms a preliminary trade deal with China following talks in Geneva. *Risk appetite rises globally, aided by signs of de-escalation in the U.S.-China tensions and a ceasefire agreement between India and Pakistan. Global markets kicked off the week on a bullish note as U.S. stockContinue Reading
