About: pumarketings
Recent Posts by pumarketings
Weak US Data Sinks Dollar, Gold Rises Amid Ceasefire Uncertainty
Market Summary The U.S. dollar extended its losses sharply following disappointing economic data, fueling concerns over slowing economic momentum. Initial jobless claims surged to 219K, missing expectations of 215K, while the Philadelphia Fed Manufacturing Index also came in below forecast at 18.1. The weaker data added to growing pessimism about the U.S. economic outlook, despiteContinue Reading
Inflation Jitters? All Eyes on PCE Next Week!
Tuesday, 25 February 2025, 17:00 – US CB Consumer Confidence (Feb) The latest U.S. CB Consumer Confidence Index (CCI) fell to 104.1 in January 2025, down from a revised 109.5 in December 2024. This decline was driven by increased concerns about labor market conditions, persistent inflationary pressures, and growing economic uncertainty. Consumers reported a weakerContinue Reading
Japanese Yen Strengthens Amid Surging JGB Yield
Market Summary The market’s focus remained on the FOMC meeting minutes, seeking clues on the Federal Reserve’s monetary policy outlook. As expected, the Fed maintained a cautious stance, balancing a resilient U.S. economy with uncertainties surrounding the Trump administration’s potential inflationary policies. Initially, the dollar strengthened post-release, but confidence in the greenback later waned, leadingContinue Reading
