About: pumarketings
Recent Posts by pumarketings
Gold Dive as Middle East Ceasefire Deal Breakthrough
Market Summary As President-elect Donald Trump’s inauguration approaches, the market is keenly monitoring developments tied to his proposed policies, leading to notable market reactions. The U.S. dollar underwent a technical correction yesterday, driven by sentiment that the robust U.S. economy does not necessitate Trump’s aggressive protectionist measures. This perceived policy moderation allowed Wall Street toContinue Reading
Upbeat Job Data Boost U.S. Dollar
Market Summary The U.S. Nonfarm Payrolls report last Friday exceeded expectations at 256k, with unemployment improving to 4.1%. These data points reinforced expectations that the Fed may adopt a more cautious stance while extending its rate cut path, providing strength to the U.S. dollar. However, Wall Street faced significant losses, with all three major indicesContinue Reading
All Eye on NFP Today
Market Summary The dollar index remains elevated in recent highs as markets await the highly anticipated U.S. Nonfarm Payrolls (NFP) data today. This key job report will provide insight into the Fed’s hawkish stance and its impact on dollar strength. With the NFP expected at 164k, a higher-than-anticipated reading could drive the dollar higher. Meanwhile,Continue Reading
