Monthly Archives: August 2026
41654156156Chart the Market (19/08/2026)
Written on August 19, 2026 at 7:04 am, by pumarketings
BTC, H4: Despite staging a notable bullish rally in the latest session, Bitcoin faced rejection after approaching the upper boundary of its asymmetric triangle price pattern, indicating that selling pressure remains present at higher levels. The rejection suggests that the recent rebound may not yet be strong enough to trigger a breakout from the establishedContinue Reading
WTI Surges Above $84 as Hormuz Stalemate Sustains Risk Premium
Written on August 18, 2026 at 3:37 am, by pumarketings
Key Takeaways: *WTI crude rose more than 2.5%, breaking above $84 per barrel as renewed supply concerns lifted the geopolitical risk premium. *Stalled U.S.-Iran negotiations, restricted shipping through the Strait of Hormuz, and reported tanker attacks continue to raise fears of prolonged supply disruptions. *Further escalation or continued shipping restrictions could push oil higher, whileContinue Reading
Pound Holds Firm as Hawkish BoE, Resilient Data Set Up Key Inflation Test
Written on August 18, 2026 at 3:15 am, by pumarketings
Key Takeaways: *The Pound remains among the stronger G10 currencies, supported by the BoE’s hawkish tilt and resilient UK economic activity. The July meeting’s 6-3 vote to hold rates at 3.75% highlighted persistent tightening concerns. *Better-than-expected GDP and resilient retail sales have reinforced confidence in the UK economy, providing further support for Sterling. *Today’s labourContinue Reading
