About: pumarketings
Recent Posts by pumarketings
Bitcoin Breaks Above $106,500 on False Catalyst, Faces Key Test Amid Weak Fundamentals
Key Takeaways: *BTC reacts to false Paraguayan President X’s post on BTC approval as the country’s legal tender. *BTC was buoyed by improved sentiment surrounding the progress of trade talks between China and the U.S. Market Summary: Bitcoin staged a decisive breakout in the last session, surging past the critical $106,500 resistance level that hadContinue Reading
U.S.-China Trade Talks Dominate Sentiment
Key Takeaways: *The market was focused on the U.S.-China new round of trade talks, which were extended to Tuesday. *A positive tone from President Trump at the event hammered the safe-haven gold in the last session. * Wall Street holds a “wait-and-see” mood, eyeing the trade talk outcome. Market Summary: The financial markets remained squarelyContinue Reading
USD/JPY Falls as Strong Japan GDP and BOJ Tightening Hopes Boost Yen
Key Takeaways: *Japan’s GDP beats expectations, fueling optimism over economic recover *Rising inflation increases speculation of further BOJ tightening. * BOJ may slow bond purchases as part of tightening strategy Market Summary: The Japanese yen strengthened against the U.S. dollar following the release of stronger-than-expected GDP data from Japan, which reinforced optimism over the country’sContinue Reading
