About: pumarketings
Recent Posts by pumarketings
Ethereum Nears Record High on Institutional Inflows, Rate Cut Bets
Key Takeaways: *Ethereum jumped nearly 9%, approaching its $4,800 record high, driven by record ETF inflows of $1.2 billion in two days. *NYSE-listed Bitmine plans to raise up to $20 billion to expand ETH holdings, boosting investor confidence. *Softer U.S. CPI fueled bets on a September Fed cut, supporting risk appetite for crypto. Market Summary:Continue Reading
Oil Extends Decline to Two-Month Low on Weak U.S. Data, Supply Concerns
Key Takeaways: *Oil fell below $63 to a two-month low on weak economic signals and rising U.S. crude stockpiles. *EIA projects higher supply and slower demand growth, adding pressure to prices. *Trump–Putin talks in Alaska could lead to easing of sanctions on Russian oil, risking further oversupply. Market Summary: Oil prices extended their decline, withContinue Reading
Gold Steady, Dollar Slips on Softer Inflation
Key Takeaways: *U.S. Dollar extends losses as softer July CPI reinforces September Fed rate cut expectations. *Political pressure on the Fed and rising fiscal concerns weigh further on greenback sentiment. *Gold holds in consolidation as dollar weakness offsets improved risk appetite from U.S.–China tariff pause. Market Summary: The U.S. Dollar Index continued to trend lowerContinue Reading
