About: pumarketings
Recent Posts by pumarketings
OPEC+ Confirms Output Hike as Oil Attempts Rebound Amid Escalating Russia-Ukraine Conflict
Key Takeaways: *The group confirmed a 137,000 bpd supply increase for October, extending recent downside pressure on crude. *Ukraine-Russia conflict flared, with major strikes and U.S. threats of fresh sanctions fueling supply-risk concerns. *Oil steadies off lows as traders weigh output growth against geopolitical risk premiums and fragile demand. Market Summary: OPEC+ concluded its virtualContinue Reading
Yen Under Fire as Japan Faces Political Upheaval
Key Takeaways: *The yen slumped as Ishiba’s resignation fueled political uncertainty and revived fears of a return to aggressive fiscal stimulus. *JGB yields spiked, with the 30-year hitting a record 3.285%, reflecting concerns over Japan’s unsustainable debt path near 250% of GDP. *Stronger Q2 GDP revisions offered little comfort, with markets focused on leadership successionContinue Reading
NFP Shock Fuels Fed Cut Bets and Gold Surge
Key Takeaways: *Gold held above $3,590/oz after August’s shock NFP miss, with weaker labor data cementing Fed cut bets and undermining the dollar’s yield advantage. *Political interference in U.S. institutions and eroding Fed independence raise risks of a Treasury-to-gold rotation, with upside toward $3,800/oz. *The dollar remains fragile as yields collapse and policy credibility isContinue Reading
