About: pumarketings
Recent Posts by pumarketings
Dollar Steady, Gold Pulls Back on Trade Optimism
Key Takeaways: *Dollar steadies as traders await U.S. CPI for Fed rate clues. *Gold retreats on U.S.–China tariff truce, easing safe-haven demand. *Medium-term bullion support intact on Fed cuts, central bank buying, and geopolitical risks. Market Summary: The U.S. Dollar Index (DXY) traded largely flat against a basket of six major currencies as market participantsContinue Reading
Aussie Dollar Holds Ahead of RBA Rate Decision
Key Takeaways: *Australian Dollar steady as supportive trade outlook offsets dovish RBA expectations. *RBA set to cut rates by 25bps; tone from Governor Bullock seen as key driver for AUD/USD direction. *Commodity demand signals from China and global risk sentiment remain critical near-term catalysts. Market Summary: The Australian Dollar hovered near $0.6525, with traders balancingContinue Reading
Oil Slips on Ceasefire Hopes, Supply Risks Linger
Key Takeaways: *Trump–Putin Alaska summit on August 15 raises hopes for a ceasefire and potential easing of Russian oil sanctions, pressuring prices. *Ukrainian drone strikes on Russian refineries disrupt fuel output, adding a supply risk premium despite broader bearish sentiment. *Persistent underinvestment in upstream capacity limits global supply flexibility, keeping volatility elevated ahead of theContinue Reading
