Monthly Archives: May 2026
41654156156Chart the Market (06/05/2026)
Written on May 6, 2026 at 7:46 am, by pumarketings
EURAUD, H4: EUR/AUD has been trading within a well-defined bearish trajectory, declining more than 3.5% from its April peak—highlighting sustained selling pressure and a clear downside bias. Recent price action shows the pair approaching its monthly low near the 1.6120 level, a critical support zone that could determine the next directional move. A decisive breakContinue Reading
Aussie Dollar Strong on RBA’s Hawkish Move
Written on May 6, 2026 at 7:43 am, by pumarketings
Key Takeaways *The Reserve Bank of Australia raised rates to 4.35%, with a hawkish tone signaling readiness for further tightening if needed. *Yield differentials supported the Aussie, but gains were limited as markets had largely priced in the move and external risks capped upside. *AUD holds a positive outlook above 0.71, but remains sensitive toContinue Reading
Market Risk-on Sentiment Pushes BTC to New High
Written on May 6, 2026 at 7:43 am, by pumarketings
Key Takeaways: *Pause of “Project Freedom” in the Strait of Hormuz signals easing tensions, reducing geopolitical risk premium. *Bitcoin surged above $80K as improved sentiment fueled demand for high-beta assets. *Further gains toward $83K–$85K possible, but risks remain from stalled talks, oil volatility, and Fed-related macro pressures. Market Summary: President Donald Trump announced on MayContinue Reading
