About: pumarketings
Recent Posts by pumarketings
Kiwi Consolidates Ahead of Leadership Transition
Key Takeaways: *NZD consolidates with slight upward bias: Short-term gains reflect risk sentiment, but broader downside risks remain. *RBNZ leadership in focus: Announcement expected tomorrow, with potential first female governor appointment. *Weak growth backdrop: Q2 GDP contraction (-0.9%) underscores structural economic softness. Market Summary: The New Zealand dollar is consolidating with a slight upward biasContinue Reading
Euro Weakens Against Resurgent Dollar, Eyes on Tomorrow PMI
Key Takeaways: *Euro pressured as the dollar rallied over 1% after Powell framed the Fed’s first 2025 cut as risk management rather than a dovish pivot. *Inflation undershot forecasts at 2%, tempering support for the single currency despite stable bloc-wide dynamics. *Traders eye eurozone PMI tomorrow and the ECB policy decision Wednesday as the nextContinue Reading
Crypto Market Sinks as Leveraged Longs Unwind, ETH Slips Below $4,300
Key Takeaways: *BTC broke below $115,000 and ETH lost over 5%, with $50M in ETH longs liquidated, dragging total crypto market cap under $4T. *A $440M spot-led cascade hit ETH liquidity, sparking forced unwinds and amplifying downside momentum. *Traders await Powell’s speech and Friday’s PCE inflation print as key drivers for near-term crypto direction. MarketContinue Reading
