About: pumarketings
Recent Posts by pumarketings
Oil Jumps Ahead of OPEC Meeting
Market Summary The U.S. dollar held steady in the last session, with the dollar index (DXY) hovering near the 106.45 resistance level. The JOLTs job openings data exceeded market expectations at 7.744 million, yet investors adopted a cautious stance ahead of Friday’s critical Nonfarm Payrolls (NFP) report. Meanwhile, the euro recorded modest gains as politicalContinue Reading
Japanese Yen Remains Weak Amid Strong Dollar
Fundamental Analysis * Fading Yen: The Japanese Yen was trading in negative territory against the dollar as upbeat U.S manufacturing data and job openings data this week indicated that the US economy remains robust, lifting the Greenback. The business activity in the US manufacturing sector continued to contract, albeit at a softer pace in November,Continue Reading
Upbeat U.S. PMI Boost Dollar
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK and Eurozone weighedContinue Reading
