Monthly Archives: May 2025
41654156156Chart the Market (19/05/2025)
Written on May 19, 2025 at 6:01 am, by pumarketings
ETH, H4: Ethereum’s bullish momentum has shown signs of exhaustion after posting a 50% gain in early May. The cryptocurrency has since entered a downward trajectory, falling over 10% from its recent peak and forming a descending channel. Despite a brief breakout attempt above the channel, the appearance of a bearish engulfing candlestick pattern quicklyContinue Reading
Markets Rattled by U.S. Credit Downgrade as Safe Havens Gain
Written on May 19, 2025 at 5:44 am, by pumarketings
Key Takeaways: *Safe-haven assets surge as risk-off sentiment escalates. *Yen has improved in the U.S.-Japan Currency talk. Markets kicked off the week on a jittery note after Moody’s downgraded the U.S. credit outlook, sparking renewed concerns over Washington’s fiscal credibility and ability to service its mounting debt obligations. The downgrade weighed on sentiment, with theContinue Reading
Crude Oil Flatlines as Investors Monitor Iran Talks
Written on May 19, 2025 at 5:40 am, by pumarketings
Key Takeaways: *Oil prices consolidate as markets await clarity on US-Iran nuclear negotiations. *Geopolitical risks rise following Russia’s seizure of a Greek-owned tanker linked to Estonia. *US rig count drops, signaling a potential slowdown in domestic supply growth. *Economic headwinds and weak US data dampen oil demand outlook. Crude oil prices held steady as investorsContinue Reading
