About: pumarketings
Recent Posts by pumarketings
U.S. Equities Defy Shutdown Fears to Hit Records
Key Takeaways: *S&P 500 and Nasdaq hit all-time highs despite the first U.S. government shutdown since 2019. *ADP report showing a 32,000 payroll decline boosted expectations for Fed easing in October, with futures pricing in a 99% chance. *Investors focus on accommodative Fed and BoJ stances, with equities rallying even as political gridlock suspends keyContinue Reading
Chart the Market (02/10/2025)
AUDJPY, H4: The AUD/JPY pair has reversed its recent bullish trajectory, breaking decisively below the critical support level at 97.37. This breakdown represents a significant deterioration in market structure, negating the prior breakout above the downtrend channel and suggesting a shift in near-term momentum toward a bearish bias. The pair’s inability to maintain support aboveContinue Reading
Wall Street Edges Higher Amid Shutdown Fears
Key Takeaways: *S&P 500 gained 0.41%, led by healthcare as Pfizer rose over 2% after avoiding drug-specific tariffs. *Congressional gridlock ahead of the September 30 deadline keeps sentiment fragile, with futures lower in Asian trading. *Gold surged above $3,800 as trade policy threats and political uncertainty cloud Fed outlook, raising correction risks for equities. MarketContinue Reading
