About: pumarketings
Recent Posts by pumarketings
Oil Prices Retreat as OPEC+ Output Hike, Weak US Jobs Data Fuel Bearish Sentiment
Key Takeaways: *US Jobs Disappoint: Nonfarm Payrolls rose just 130,000 vs. 200,000 expected, denting risk appetite and dragging commodities lower. *OPEC+ Confirms Output Increase: Alliance will add 547,000 bpd starting September, completing the reversal of 2023’s voluntary cuts. Market Summary: Crude oil prices, a key barometer of global growth, started last week on a strongContinue Reading
Dollar Weekly Review – Weaker Jobs Data Triggers Rate Cut Bets
Key Takeaways: *Stronger PCE, weaker NFP: Mixed signals complicate the Fed’s path forward. *Rate cut expectations revive, weighing on the dollar and Treasury yields. *Trump pressure returns, raising questions about Fed independence. Market Summary: The US Dollar Index (DXY) endured a volatile week, initially rising on stronger inflation data before giving up gains after aContinue Reading
Chart the Market (04/08/2025)
XAUUSD, H4: Gold (XAU/USD) is holding firm above the $3,330 level, currently trading near $3,346 after breaking out of a falling wedge formation. The metal has reclaimed the 23.6% Fibonacci retracement level of the recent downswing, with the breakout zone around $3,306 now acting as a key support. Price action remains constructive following the breakout,Continue Reading
