About: pumarketings
Recent Posts by pumarketings
Chart the Market (05/05/2025)
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
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
Dollar Gains Ahead of NFP
Market Summary Markets traded cautiously on Thursday as investors weighed soft U.S. data ahead of Friday’s key nonfarm payrolls report. Jobless claims jumped to 241,000—an eight-month high—while ISM Manufacturing fell to 48.7, signaling deepening industrial weakness. The ADP report further dampened sentiment, showing only 62,000 private jobs added in April, well below expectations. Despite macroContinue Reading
