About: pumarketings
Recent Posts by pumarketings
Gold Slips to May Low as China-U.S. Trade De-escalation Fuels Risk Rally
Key Takeaways: *China-U.S. positive trade talk boosts the market sentiment *Improved marker risk appetite exert downside pressure on the gold. Market Summary: Gold prices slid to their lowest level in May, hovering near $3,220, as renewed optimism in global markets following a breakthrough in China-U.S. trade relations dampened demand for safe-haven assets. The week-long negotiationsContinue Reading
Pound Slides to One-Month Low as BoE Policy Shift Weighs on Sentiment
Key Takeaways: *Pound Sterling ease after BoE’S rate cut. *Pound Sterling turns weaker ahead of today’s job data. Market Summary: TThe Pound Sterling weakened across the board, reaching its lowest level in a month against G7 currencies as markets digested the Bank of England’s dovish pivot. Last week, the central bank cut its benchmark interestContinue Reading
Dollar Extends Rally as Tariff Easing Lifts Sentiment
Key Takeaways: *Tariff Truce: U.S. and China agree to slash tariffs for 90 days, easing trade tensions and supporting risk assets. *Dollar Strengthens: Greenback rallies as investors shift exposure to U.S. assets amid improved sentiment. *CPI in Focus: Upcoming inflation data could influence Fed policy expectations and dictate the next move for the dollar. MarketContinue Reading
