Monthly Archives: August 2026
41654156156Crude Climbs as Hormuz Disruption Intensifies
Written on August 12, 2026 at 9:54 am, by pumarketings
Key Takeaways: *Oil remains bullish as Strait of Hormuz disruptions and Middle East tensions keep supply risks elevated. *Brent approaches $90 and WTI tops $83, reflecting a persistent geopolitical risk premium. *The sharp US crude inventory build could cap WTI’s upside if confirmed by EIA data. Market Summary: Crude oil remains one of the strongestContinue Reading
CPI in Focus as Dollar and Gold Face Conflicting Forces
Written on August 12, 2026 at 9:45 am, by pumarketings
Key Takeaways: *USD remains range-bound ahead of US CPI, with weaker labor data limiting upside while rising oil prices keep inflation concerns elevated. *Gold remains supported by safe-haven demand and softer Fed expectations, though a hotter CPI could trigger profit-taking. *Oil prices continue to rise as US-Iran tensions and Hormuz disruptions threaten global supply, addingContinue Reading
Pound Holds Firm as Hawkish BoE, Resilient Data Set Stage for GDP Test
Written on August 12, 2026 at 9:37 am, by pumarketings
Key Takeaways: *The Pound Sterling has outperformed many G10 currencies, supported by a series of stronger-than-expected UK economic releases that have reinforced confidence in the domestic outlook. *The latest Bank of England meeting delivered a 6-3 vote split to hold rates, with a larger hawkish minority supporting further tightening. This has helped underpin sterling byContinue Reading
