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About: pumarketings

Recent Posts by pumarketings

Yen Capitulates on Ishiba Dovish Tone

Market Summary Hong Kong’s stock rally paused in today’s session after the Chinese index surged by over 30% from its September lows. The equity market is now facing profit-taking pressure, with the Hang Seng Index down nearly 3% as of writing. In contrast, Japan’s Nikkei 225 jumped at the market’s open, driven by a surpriseContinue Reading

Written on October 3, 2024 at 5:57 am

Categories: Daily Market Analysis

GBPUSD Slips On Renewed US Dollar Demand

Fundamental Analysis * Flight To Safety: The GBPUSD pair continues its decline in early Asian trading as the US Dollar (USD) strengthens, driven by increased safe-haven demand amid escalating conflict in the Middle East. On Tuesday evening, Iran launched approximately 200 missiles, including ballistic ones, targeting the Israeli capital, Tel Aviv, in retaliation for theContinue Reading

Written on October 3, 2024 at 2:06 am

Categories: Trade Of The Day

Geopolitical Tension Spurs Commodity Price

Market Summary Middle East tensions took centre stage in the global financial markets during the last session as Iran fired missiles at Israel, with further retaliation expected, heightening geopolitical risks. This event fueled demand for safe-haven assets, leading gold to surge by over 1%, approaching its peak. Similarly, oil prices spiked by more than 3%,Continue Reading

Written on October 2, 2024 at 5:58 am

Categories: Daily Market Analysis

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