About: pumarketings
Recent Posts by pumarketings
Dollar Falters Amid Political Turmoil and Trade Uncertainty; Gold Surges
Key Takeaways: *The greenback slipped after a weaker-than-expected NFP and Trump’s abrupt firing of the BLS head. *The dollar index remained flat as traders await U.S. PMI data for clearer signals on economic momentum and potential FX volatility. *Heightened tariff threats and sanction risks fueled demand for gold, sending spot prices above weekly high. MarketContinue Reading
Chart the Market (05/08/2025)
BTC, H4: Bitcoin (BTC) remains under pressure despite a short-term rebound, currently trading near $114,750 after recovering modestly from last week’s $111,950 low. Price action shows BTC remains locked below a descending trendline and is unable to break through the confluence resistance zone between $114,000 and $116,000 which is a region marked by the 50-SMAContinue Reading
Crypto Market Faces Broad Selloff Amid Weak U.S. Jobs Data, Risk-Off Shift
Key Takeaways: *Crypto markets declined after the U.S. added only 73,000 jobs, far below expectations, dragging total market cap down 4% since Friday. *Over $200 million in Bitcoin long positions were liquidated within 24 hours post-August 1, amplifying bearish momentum across digital assets. *Fresh U.S. tariffs—up to 41% on certain imports—intensified risk-off sentiment, pressuring bothContinue Reading
