About: pumarketings
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Hawkish Fed’s Comment Strengthen The Dollar
Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. On the currencyContinue Reading
Nasdaq Breaks Key Resistance As Risk-On Sentiment
Fundamental Analysis * Risk-on Appetite Boosts Equity Market: The U.S. equity markets have sustained their upward trajectory, propelled by a prevailing risk-on sentiment. This optimism is underpinned by robust global investor confidence, bolstered by positive expectations surrounding trade relations, particularly with China and other major economies. All eyes are on President Xi Jinping’s diplomatic visitContinue Reading
Yen Drop on Japan FX Officials Comment
Market Summary The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan’s Nikkei 225 index surged over 1% this morning upon returning from Monday’sContinue Reading
