Monthly Archives: May 2025
41654156156Pound Struggles to Hold Ground as Weak Data and BoE Cut Weigh on Sentiment
Written on May 15, 2025 at 5:41 am, by pumarketings
Key Takeaways: *Recent soft economic indicators coupled with the Boe rate cut dampen the Pound Sterling’s strength. *Eyes on today’s UK GDP reading. Market Summary: The Pound Sterling remains at elevated levels but is showing signs of fatigue, pressured by a string of disappointing economic indicators. All major PMI readings for May fell below theContinue Reading
S&P 500 Inches Toward 6,000 Milestone Amid Slowing Momentum
Written on May 15, 2025 at 5:39 am, by pumarketings
Key Takeaways: *S&P remains bullish but faces strong resistance at below the 6,000 mark. *Jerome Powell’s speech and U.S. Retail Sales today could pivot S&0 500 direction. Market Summary: The S&P 500 extended its gains in the last session, though signs of waning momentum and a softer tone in Asian futures are prompting market participantsContinue Reading
Chart the Market (14/05/2025)
Written on May 14, 2025 at 6:04 am, by pumarketings
BTC, H4: Bitcoin extended its rally, climbing near the $110,000 mark—just shy of its all-time high—before encountering resistance. While a technical retracement may be on the cards in the near term, the broader bullish structure remains intact as long as BTC holds above the key support zone near $92,000. Adding to the bullish case, BTCContinue Reading
