About: pumarketings
Recent Posts by pumarketings
Pound Tumbles As UK Jobless Rate Increase
Fundamental Analysis * Jobless Surge: The pound has slid against the dollar after disappointing UK employment data. The Office for National Statistics (ONS) revealed that the ILO Unemployment Rate rose to 4.3% in the three months ending in August, up from 4.0% and exceeding forecasts of 4.1%. During this period, UK employers added 219,000 jobs,Continue Reading
Dow Jones Reach New High on Trump Victory
Market Summary The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 in yesterday’s session.Continue Reading
Gold Falls As Strong US Dollar, Trump’s Policies Weigh
Fundamental Analysis * Dollar Pressure: Gold prices suffered their worst weekly performance in five months, dropping sharply as speculation around a second term for Donald Trump raised concerns about a renewed escalation in trade tensions, supporting the U.S. Dollar. In overnight news, Bloomberg reported that BlackRock and JPMorgan warned the sell-off in U.S. bonds isContinue Reading
