Monthly Archives: July 2026
41654156156BTC Finds Floor at $58K as Bargain Hunters
Written on July 3, 2026 at 6:14 am, by pumarketings
Key Takeaways: *Bitcoin recovered from recent lows while Ethereum climbed back above the $1,700 mark, supported by bargain hunting and short covering after the recent sell-off. *A hawkish Federal Reserve, stronger U.S. Dollar, elevated Treasury yields, and ongoing geopolitical tensions continue to pressure cryptocurrencies. *The near-term outlook remains fragile. Softer U.S. economic data and improvingContinue Reading
Yen Jumps as Intervention, Profit-Taking Jitters Shake Yen Cross Pairings
Written on July 3, 2026 at 6:09 am, by pumarketings
Key Takeaways: *The Japanese Yen strengthened after USD/JPY fell almost 1%, driven by profit-taking, weaker risk sentiment, and growing expectations of potential intervention from Japanese authorities. *As USD/JPY retreated from record highs, investors reduced short-yen carry trades amid renewed intervention speculation and caution ahead of key U.S. economic data. *The Yen’s near-term direction will dependContinue Reading
NFP Takes Centre Stage as Dollar and Gold Await Direction
Written on July 2, 2026 at 6:19 am, by pumarketings
Key Takeaways: *Today’s US Non-Farm Payrolls report is expected to be the key catalyst driving the next major move in both the US dollar and gold. *USD remained supported by resilient economic data and expectations that the Federal Reserve will maintain a higher-for-longer interest rate stance. *Fed Chair Kevin Warsh reaffirmed the Fed’s commitment toContinue Reading
