About: pumarketings
Recent Posts by pumarketings
Oil Extends Losses on Surprise Inventory Build, OPEC+ Supply Concerns
Key Takeaways: *WTI crude fell 2.8% after U.S. data showed a surprise stockpile build, undermining demand outlook and ending a two-week rally. *Markets brace for a potential 1.65 million bpd production hike, which could add pressure to already fragile prices. *A global bond selloff and rising fiscal concerns are stoking fears of slower economic growth,Continue Reading
Australian Dollar Extends Gains on Strong Data, Trade Surplus; Hawkish RBA Bets Rise
Key Takeaways: *Stronger GDP growth (+0.6% QoQ) and a AUD 7.31B trade surplus reinforced the Aussie’s bullish momentum. *Persistent inflation and resilient domestic demand are leading markets to scale back rate-cut expectations. *AUD/USD is testing 0.6800 resistance, with scope to target 0.6850 if risk sentiment and China’s outlook remain supportive. Market Summary: The Australian dollarContinue Reading
Jobs Report Looms as Dollar Sinks, Gold Climbs
Key Takeaways: *Dollar Weakens on Fed Cut Bets – Softer labor data and dovish Fed signals drive expectations for a September rate cut, with odds near 95%. *Gold Hits Record Highs – Haven demand and collapsing yields propel bullion above $3,590, with momentum building toward $3,600–$3,800. *Jobs Report in Focus – Friday’s NFP could confirmContinue Reading
