About: pumarketings
Recent Posts by pumarketings
Oil Slides as Weak Demand and Supply Risks Collide
Key Takeaways: *Oversupply fears intensify as OPEC+ signals larger output hikes. *Global demand outlook weakens on softer macro data and EV transition. *Russia’s exports remain resilient despite infrastructure attacks. Market Summary: Crude oil extended its sharp decline this week, with prices breaking decisively below the key $61.80 support level and now testing the psychological $60.00Continue Reading
Euro Stability Tested by Rising Unemployment
Key Takeaways: *Eurozone unemployment rose to 6.3% in August, the highest this year, complicating ECB’s policy outlook amid slowing growth. *Global political instability, including U.S. shutdown risks and Japan’s leadership transition, has boosted demand for euro assets. *Upcoming inflation and GDP figures will be pivotal; solid readings could reinforce resilience, while further weakness may pressureContinue Reading
Yen Weakens as BoJ Disappoints Hawks, Political Uncertainty Looms
Key Takeaways: *Governor Ueda’s cautious remarks reduced odds of an October BoJ hike, curbing earlier safe-haven driven yen gains. *LDP leadership race signals expansionary fiscal plans, raising concerns over Japan’s fiscal path and BoJ’s accommodative stance. *With policy normalization expectations tempered and fiscal support likely, the yen faces extended underperformance against peers. Market Summary: TheContinue Reading
