About: pumarketings
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Yen Weakens as Japan Faces Political Uncertainty Despite Upbeat GDP Data
Key Takeaways: *Political instability following PM Ishiba’s resignation drove renewed selling, overshadowing Japan’s stronger economic data. *Q2 growth was revised higher to 2.2% annualized, fueling upgraded 2025 growth projections. *Tariff risks and leadership transition leave markets cautious over the BoJ’s future policy path. Market Summary: The Japanese yen extended its recent slide as political turmoilContinue Reading
Euro Firm but Fragile Amid French Turmoil
Key Takeaways: *Weak U.S. jobs data cement September Fed cut expectations. *ECB seen holding rates at 2.00% through 2025, first cut in 2026. *France faces political turmoil after Bayrou ouster, raising risk. Market Summary: The Euro is trading with a cautiously firm bias near 1.1750, lifted by broad U.S. Dollar weakness but still hemmed inContinue Reading
Fed Cut Fever Fuels Gold’s Historic Surge
Key Takeaways: *DXY near multi-month lows after dismal U.S. jobs data. *Markets price a September Fed cut; CPI data now pivotal. *Gold surges above $3,640/oz, up 38% YTD, driven by Fed bets. Market Summary: The U.S. Dollar Index (DXY) extended its slide toward 97.50 on Tuesday, weighed down by last week’s catastrophic U.S. jobs reportContinue Reading
