Monthly Archives: November 2024
41654156156Oil Rally on Russia-Ukraine Heighten Tension
Written on November 19, 2024 at 5:34 am, by pumarketings
Market Summary Oil prices continued to rally amid escalating geopolitical tensions in Eastern Europe, as the U.S. greenlit Ukraine’s use of long-range missiles, intensifying regional strain. This geopolitical backdrop has spurred a safe-haven rally, with gold rising nearly 2% so far this week as the dollar softened. However, riskier assets have seen momentum pause. Bitcoin,Continue Reading
Loonie Recovers As Dollar Takes A Breather
Written on November 19, 2024 at 2:39 am, by pumarketings
Fundamental Analysis * Greenback Pause: The Canadian Dollar shifted to a bullish tone, regaining ground against the greenback. The move is driven less by demand for the Loonie and more by a pause in the recent dominance of US Dollar buying. With US data remaining subdued this week, markets are enjoying a respite from US-focusedContinue Reading
Markets Steady as Bitcoin Hits $90K, Gold Rebounds
Written on November 18, 2024 at 5:13 am, by pumarketings
Market Summary Bitcoin surged past $90,000, with a 30% rally since the U.S. election and the crypto market cap exceeding $3 trillion. However, momentum has slowed as investors digest earlier gains. Meanwhile, gold prices rebounded on renewed safe-haven demand driven by trade and political uncertainties, providing support despite pressure from higher Treasury yields. The DollarContinue Reading