About: pumarketings
Recent Posts by pumarketings
Merry Christmas, Everyone! Markets Stay Subdued Amid Holiday Cheer
Market Summary The Dollar Index remained flat as markets slowed down for Christmas, with limited economic data revealing continued contraction in the US manufacturing sector. Gold prices stayed stagnant during thin holiday trading, weighed down by the Fed’s cautious stance on reducing borrowing costs, keeping a bearish tone in the market. US equities closed higherContinue Reading
Wall Street Rebounds Ahead of Christmas Holiday
* Wall Street edged higher in the last session before the market closed for the Christmas holiday. * The U.S. Dollar rebounded as the market perceived a more hawkish approach from the Fed in the near term. * The Pound Sterling was hammered by the low GDP reading coupled with the recent poor UK economicContinue Reading
Dollar Slides after Soft PCE Releases
* The dollar slid after the lower-than-expected PCE reading was released last Friday. * Keep an eye on today’s UK GDP and its implications for the pound sterling. * The crypto market is weighing on excessive downside pressure, and both BTC and ETH remain in a bearish trajectory. Market Summary The U.S. PCE reading releasedContinue Reading
