About: pumarketings
Recent Posts by pumarketings
Sterling Stuck Between Growth and Inflation
Key Takeaways: *Growth stagnates (flat GDP, weak industry, softer labor market) while inflation stays high. *BoE boxed in: sticky inflation prevents cuts, but growth too weak to hike further. *Politics adds uncertainty ahead of Autumn Statement, keeping GBP in tight ranges. Market Summary: Sterling continues to tread water, with GBP/USD trading near 1.3550, as investorsContinue Reading
Oil Jumps on Strikes, But Surplus Caps Gains
Key Takeaways: *Geopolitics injects short-term risk premium (Ukraine drone strikes, Russia supply curbs). *Long-term surplus remains intact: OPEC+ supply, record U.S. output, sluggish demand. *Producers cutting jobs/capex signal stress, but the market remains biased to fade rallies. Market Summary: Oil markets remain whipsawed, with Brent crude hovering near $67 as traders juggle immediate supply disruptionsContinue Reading
Euro Climbs on Policy Divergence, but Stretched Gains Look Fragile
Key Takeaways: *ECB hawkish hold contrasts with Fed easing expectations, boosting EUR appeal. *Sentiment lifted by reduced safe-haven demand and firmer Eurozone confidence. *Gains risk overheating: stretched positioning leaves EUR vulnerable to U.S. data surprises. Market Summary: The euro has pushed toward 1.1780 against the dollar, powered by one of the market’s clearest themes: policyContinue Reading
