About: pumarketings
Recent Posts by pumarketings
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
Aussie Declines Following Fears Of U.S-China Trade War
Fundamental Analysis * Trade Tension: The Australian Dollar extended its decline against the US Dollar amid concerns over a potential trade war between the United States and China. US President-elect Donald Trump has threatened to impose 100% tariffs on a group of nine nations if they move to establish a rival currency to the USContinue Reading
Japanese Yen Strong on Heighten Likelihood of BoJ Rate Hike
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting expectations of steadyContinue Reading
