Monthly Archives: February 2025
41654156156Gold Retreat after Breaking New High
Written on February 12, 2025 at 5:42 am, by pumarketings
Market Summary The market’s attention remained squarely on Federal Reserve Chair Jerome Powell’s semi-annual testimony before the Senate, where he reiterated that the Fed has already cut interest rates by 100 basis points from their peak. Powell emphasized that while the U.S. economy remains resilient, persistent inflationary pressures justify a patient approach to further rateContinue Reading
USD/JPY Gain Ground As Yen Weaken Across The Board
Written on February 12, 2025 at 2:13 am, by pumarketings
Fundamental Analysis * Yen Meltdown: The Japanese yen has weakened against the dollar, retreating from a two-month high following disappointing economic data from Japan and concerns over potential U.S. tariffs. On the data front, the Ministry of Finance reported that Japan’s Current Account balance stood at 1,077.3 billion yen, a sharp decline from November’s 3,352.5Continue Reading
Gold Soars as Tariff Tensions Shake Markets
Written on February 11, 2025 at 2:25 am, by pumarketings
Market Summary Gold prices soared to record highs as U.S. President Donald Trump’s announcement of fresh steel and aluminum tariffs fueled trade war concerns. The 25% tariffs, set to take effect on March 4, targeted major exporters, including Canada, Mexico, and Germany, driving investors toward safe-haven assets. Meanwhile, the U.S. dollar defied trade uncertainty, strengtheningContinue Reading
