About: pumarketings
Recent Posts by pumarketings
Gold Rebounds as Weak U.S. Economic Data Fuels Rate Cut Bets
Key Takeaways: *ADP Nonfarm Employment misses sharply, adding to signs of labor market softening *ISM Services PMI slips below 50, pointing to contraction in the services sector *Treasury yields and the U.S. Dollar fall on rising Fed rate cut expectations *Gold gains on safe-haven demand amid growth fears and debt ceiling concerns Market Summary: GoldContinue Reading
Chart the Market (04/06/2025)
ETH, H4: Ethereum’s recent price action has painted a complex technical picture, initially sparking concerns of a false breakout when it retreated below its higher-high support level after briefly touching a three-month peak at 2,787.50. This pullback saw ETH consolidate around the 2,500 level, where it established a new base before mounting a fresh upwardContinue Reading
Bitcoin Recovers in June Despite ETF Outflows; Sentiment Diverges From Broader Risk Appetite
Key Takeaways: *BTC faces headwinds, as observed in BTC ETF, which has had significant net outflow lately. *The Crypto Fear and Greed Index continues to ease, suggesting that the sentiment in the market remains neutral. Market Summary: Bitcoin rebounded in early June after retreating from its all-time high of $112,000, finding solid support just belowContinue Reading
