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About: pumarketings

Recent Posts by pumarketings

USD/JPY Rose Following BoJ Rate Hike Uncertainty

Fundamental Analysis * BoJ Uncertainty: The Japanese Yen (JPY) gave up a significant portion of its earlier gains and weakened against the US Dollar due to uncertainty surrounding the timing of the Bank of Japan’s (BoJ) next rate hike. BoJ Governor Kazuo Ueda recently stated that the economy is moving towards sustained inflation driven byContinue Reading

Written on November 20, 2024 at 2:08 am

Categories: Trade Of The Day

Oil Rally on Russia-Ukraine Heighten Tension

Market Summary Oil prices continued to rally amid escalating geopolitical tensions in Eastern Europe, as the U.S. greenlit Ukraine’s use of long-range missiles, intensifying regional strain. This geopolitical backdrop has spurred a safe-haven rally, with gold rising nearly 2% so far this week as the dollar softened. However, riskier assets have seen momentum pause. Bitcoin,Continue Reading

Written on November 19, 2024 at 5:34 am

Categories: Daily Market Analysis

Loonie Recovers As Dollar Takes A Breather

Fundamental Analysis * Greenback Pause: The Canadian Dollar shifted to a bullish tone, regaining ground against the greenback. The move is driven less by demand for the Loonie and more by a pause in the recent dominance of US Dollar buying. With US data remaining subdued this week, markets are enjoying a respite from US-focusedContinue Reading

Written on November 19, 2024 at 2:39 am

Categories: Trade Of The Day

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