Monthly Archives: July 2026
41654156156Gold Extends Losses as Stronger Labor Data Supports Dollar and Rate-Hike Risks Return
Written on July 17, 2026 at 6:54 am, by pumarketings
Key Takeaways: *Dollar Index rebounds slightly after stronger-than-expected jobless claims data *Initial jobless claims fell to 208K, reinforcing labor market resilience *Softer CPI and PPI data still limit broader USD upside *Gold extends losses as rising oil prices revive global tightening concerns Market Summary: The Dollar Index, which tracks the greenback against a basket ofContinue Reading
US Dollar Extends Losses as Softer Inflation Data Weakens Fed Hike Bets
Written on July 17, 2026 at 6:49 am, by pumarketings
Key Takeaways: *US Dollar Index extends losses after a series of weaker-than-expected U.S. data *Producer Price Index records its sharpest decline in 14 months *Softer CPI, PPI, and jobs data reduce expectations for a near-term Fed rate hike *Renewed U.S.–Iran tensions keep broader market uncertainty elevated Market Summary: The Dollar Index, which tracks the greenbackContinue Reading
Pound Stands Tall as Hawkish BoE, Resilient Data Propel Sterling Gains
Written on July 17, 2026 at 6:45 am, by pumarketings
Key Takeaways: *The British Pound has strengthened against most G10 currencies, supported by resilient UK economic data and growing confidence in the domestic outlook. *Strong employment, sticky inflation, and the Bank of England’s higher-for-longer policy stance have reinforced expectations of restrictive monetary policy, boosting the pound. *Sterling is likely to stay supported as long asContinue Reading
