About: pumarketings
Recent Posts by pumarketings
Chart the Market (08/09/2025)
GOLD, H1: Gold prices surged to fresh record highs before consolidating near the 3595.00 resistance zone. Market participants are closely watching for a breakout, as a confirmed move above this level could open the door for further upside toward the next resistance at 3660.00, which aligns with the Fibonacci expansion target. Historically, traders often relyContinue Reading
Euro Holds Steady as ECB Meeting Looms; Rates Expected to Remain on Hold
Key Takeaways: *Rates expected to remain unchanged as inflation eases toward 2% while growth momentum weakens. *Eurozone GDP slowed to 0.1% QoQ, but labor market strength (unemployment at 6.2%) continues to support consumption. *Markets watching for hints on rate-cut timing; a dovish tilt could pressure the euro despite its recent stability. Market Summary: The euroContinue Reading
OPEC+ Confirms Output Hike as Oil Attempts Rebound Amid Escalating Russia-Ukraine Conflict
Key Takeaways: *The group confirmed a 137,000 bpd supply increase for October, extending recent downside pressure on crude. *Ukraine-Russia conflict flared, with major strikes and U.S. threats of fresh sanctions fueling supply-risk concerns. *Oil steadies off lows as traders weigh output growth against geopolitical risk premiums and fragile demand. Market Summary: OPEC+ concluded its virtualContinue Reading
