Monthly Archives: June 2026
41654156156Chart the Market (02/06/2026)
Written on June 2, 2026 at 7:27 am, by pumarketings
XAGUSD, H4: Silver has been trading in a prolonged sideways consolidation pattern around the 75.65 level, indicating a period of equilibrium between buyers and sellers following its previous decline. The lack of further downside progress suggests that bearish momentum may be gradually fading. Recent price action points to improving market conditions, with selling pressure appearingContinue Reading
SpaceX Readies Record $75 Billion IPO
Written on June 2, 2026 at 7:25 am, by pumarketings
Key Takeaways: *SpaceX has filed for a Nasdaq listing under the ticker SPCX, targeting a valuation of $1.75–1.8 trillion and seeking to raise up to $75 billion. *Strong institutional interest is expected to be driven by SpaceX’s leadership in reusable rockets and Starlink’s rapid growth. *Pre-IPO SpaceX derivatives are trading around $197–$220, reflecting both enthusiasmContinue Reading
Bitcoin Tests $70K as Dollar Strengthens on Iran Uncertainties
Written on June 2, 2026 at 7:22 am, by pumarketings
Key Takeaways: *BTC fell 2–4% to around $71,000–$71,500, dragging the broader crypto market lower as altcoins underperformed amid widespread risk-off sentiment. *Escalating U.S.-Iran tensions, rising oil prices, and stronger U.S. economic data boosted the U.S. Dollar and reinforced higher-for-longer rate expectations, weighing on risk assets like cryptocurrencies. *Bitcoin is likely to trade within a $68,000–$75,000Continue Reading
