Monthly Archives: May 2025
Dollar Firms as Labor Market Defies Macro Headwinds
Written on May 5, 2025 at 6:05 am, by pumarketings
Market Summary Markets traded mixed on Friday as investors digested stronger-than-expected April U.S. jobs data, which offered tentative relief following a week of downbeat economic prints. Nonfarm payrolls rose by 177,000—beating expectations of 130,000—while the unemployment rate held steady at 4.2%. Solid hiring in healthcare and logistics offset a decline in federal jobs, suggesting theContinue Reading
Chart the Market (05/05/2025)
Written on May 5, 2025 at 6:05 am, by pumarketings
NASDAQ, Daily The Nasdaq index is trading higher, extending its rebound from the strong support level at 17,105.00, driven in part by renewed trade optimism. The index is currently testing a critical resistance level at 20,255.00. Technically, MACD indicates growing bullish momentum, while the RSI is at 59, suggesting the bullish bias may continue asContinue Reading
Central Bank Crossfire: Fed and BoE Set the Tone
Written on May 2, 2025 at 7:56 am, by pumarketings
The Week Ahead: Week of 5th April 2025 (GMT+3) Weekly Market PreviewMonetary policy takes center stage this week as the Federal Reserve and Bank of England prepare pivotal rate decisions, with markets on edge amid sticky inflation and cooling services activity. The Fed is widely expected to keep rates steady at 4.50% on Wednesday, butContinue Reading
