About: pumarketings
Recent Posts by pumarketings
USDJPY Hold Gains Amid Expectation of BoJ Rate Hike Delay
Fundamental Analysis * Yen Drift: The Japanese Yen (JPY) weakened against the US Dollar amid concerns that the Bank of Japan (BoJ) is in no rush to increase interest rates. After the BoJ’s policy decision on Friday, Governor Kazuo Ueda indicated that rate hikes would be considered if inflation trends align with their forecasts. UedaContinue Reading
Gold Poise at Peak Level
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be key in shapingContinue Reading
Pound Sterling Gains As Dollar Remains Weak On Post Fed
Fundamental Analysis * Post Fed Pop: The pound sterling continues to gain strength against the dollar, as the greenback remains fragile following the Federal Reserve’s recent shift toward a rate-cutting cycle. Last week, the Fed’s unexpected decision to implement a double rate cut has weakened USD flows, pushing GBP to the upper range. In termsContinue Reading
