Monthly Archives: June 2026
41654156156Chart the Market (23/06/2026)
Written on June 23, 2026 at 8:39 am, by pumarketings
XAGUSD, H4: Silver remains under pressure after failing to break above the critical liquidity zone near $67.60. The rejection from this key resistance area has triggered renewed selling activity, sending the metal back toward its recent lows below the $64.00 mark. The inability to sustain gains above the liquidity zone suggests that sellers continue toContinue Reading
Sterling Jumps as Starmer Resigns, Eyes on Today’s PMI
Written on June 23, 2026 at 8:21 am, by pumarketings
Key Takeaways: *The British Pound gained support after Prime Minister Keir Starmer announced his resignation, with markets welcoming the prospect of new leadership and potential policy adjustments. *Latest UK PMI data showed modest economic expansion, driven by resilient services activity despite ongoing weakness in manufacturing caused by elevated costs and supply chain challenges. *Sterling couldContinue Reading
AUD Adrift as RBA Pause while Awaiting Thursday Jobs Data
Written on June 23, 2026 at 8:09 am, by pumarketings
Key Takeaways: *The Australian Dollar continues to underperform against major peers after the RBA held rates steady at 4.35%, reducing near-term expectations for further policy tightening and limiting yield support for the currency. *Attention now turns to Thursday’s Labour Force report. Strong employment growth and stable unemployment could reinforce the RBA’s restrictive stance and supportContinue Reading
