Monthly Archives: May 2025
41654156156Chart the Market (16/05/2025)
Written on May 16, 2025 at 6:24 am, by pumarketings
GBPUSD, H4: The British pound rebounded from a recent low of 1.3162, staging a strong recovery that positions the pair to retest its previous highs. Despite a brief pullback, the pair has found firm support, with price action now aligning with the formation of an inverse head-and-shoulders pattern — a classic bullish reversal signal. MomentumContinue Reading
Japan’s Economy Contracts Sharply, Clouding Outlook for BOJ Tightening and Yen Strength
Written on May 16, 2025 at 6:20 am, by pumarketings
Key Takeaways: *Japanese GDP came short, casting fresh doubt on the Boj’s monetary tightening policy. *Japan is falling behind on trade talks with the U.S., exerting pressure on the country’s economy. Market Summary: Japan’s economy shrank for the first time in a year, with GDP contracting by 0.7% in the latest quarter, exceeding economists’ expectationsContinue Reading
Wall Street Holds Gains Despite Mixed Retail Sales, Powell Flags Inflation Risks
Written on May 16, 2025 at 6:18 am, by pumarketings
Key Takeaways: *U.S. Retail Sales came short, fueling dovish expectations on the Fed. *Jerome Powell’s Hawkish remark hinders Wall Street’s Upward momentum. Market Summary: U.S. retail sales data released yesterday came in above expectations but notably softer than the previous reading, prompting a cautious market tone. While the stronger-than-expected print helped ease immediate recession concerns,Continue Reading
