About: pumarketings
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Chart the Market (09/07/2025)
XAUUSD, H4: Gold prices slipped below the 61.8% Fibonacci retracement level at $3,290.00, raising concerns over a potential break in the metal’s bullish structure. The move suggests that if gold fails to find support above the prevailing downtrend line, further downside could materialize, reinforcing a bearish outlook. Momentum indicators are also aligning with the negativeContinue Reading
AUD Rebounds, But Dovish Risks Still Dominate
Key Takeaways:*The RBA’s surprise decision to hold at 3.85% triggered a short-term AUD rebound, but markets remain firmly positioned for an August cut, with an 85% probability priced and terminal rates seen at 3.0%. *Trump’s 50% copper tariff targets a key Australian export, deepening AUD’s vulnerability to global trade fragmentation. External demand risks now capContinue Reading
Yen Under Pressure as Policy and Trade Risks Mount
Key Takeaways:*With swaps now pricing just 10bps of tightening, Japan’s monetary inertia continues to weigh heavily on the yen. *Washington’s proposed 25% tariffs on Japanese goods erode the yen’s safe-haven appeal. *Despite a strong current account and cheap yen, structural drags—subdued wage growth and fragile domestic demand—undermine the JPY. Market Summary: In a televised cabinetContinue Reading
