Monthly Archives: May 2025
41654156156Dollar Dips, Gold Rallies on U.S.-Taiwan Risk
Written on May 6, 2025 at 5:44 am, by pumarketings
Market Summary Markets were mixed Monday as geopolitical tensions weighed on sentiment. The U.S. dollar index (DXY) dipped below 100.00 after initial optimism over U.S.-China trade talks faded. Reports of deepening U.S.-Taiwan ties raised fears of Chinese retaliation, clouding the outlook and muting expectations for near-term Fed rate cuts amid persistent inflation. Gold surged overContinue Reading
Chart the Market (05/05/2025)
Written on May 5, 2025 at 6:14 am, by pumarketings
Hang Seng Index: The Hang Seng Index is trading higher and approaching a critical resistance zone. The MACD shows strengthening bullish momentum, while the RSI stands at 57, indicating a tilt toward bullish bias as it continues to stay above the midline. From a technical pattern perspective, there’s potential for a double top formation. ToContinue Reading
Dollar Firms as Labor Market Defies Macro Headwinds
Written on May 5, 2025 at 6:05 am, by pumarketings
Market Summary Markets traded mixed on Friday as investors digested stronger-than-expected April U.S. jobs data, which offered tentative relief following a week of downbeat economic prints. Nonfarm payrolls rose by 177,000—beating expectations of 130,000—while the unemployment rate held steady at 4.2%. Solid hiring in healthcare and logistics offset a decline in federal jobs, suggesting theContinue Reading
