About: pumarketings
Recent Posts by pumarketings
Oil Slides Over 2% as Market Sentiment Sours; Eyes on U.S. Crude Data
Key Takeaways: *Prices dropped from $65.10 to near the critical $63.00 level, the steepest single-day fall in August, raising bearish risks. *Trump’s firing of Fed Governor Cook and upcoming U.S. tariffs on India fueled risk-off sentiment and demand concerns. *Today’s inventory report could be pivotal, with a surprise build threatening a deeper drop below $63.00.Continue Reading
Canadian Dollar Under Pressure Amid Economic Uncertainty; GDP Data in Focus
Key Takeaways: * Inflation slowed to 1.7% in July from 1.9% in June, while unemployment remained at 6.9%, underscoring persistent labor market weakness. *Softer fundamentals and trade-related pressures from U.S. tariffs continue to anchor expectations for a cautious policy stance in upcoming meetings. *GDP growth is projected to stabilize around 1.8% in 2026, offering some support.Continue Reading
Wall Street Braces for Nvidia Earnings Shock
Key Takeaways: *Nvidia earnings in focus: Options markets price a potential $260B valuation swing, making results a key driver for Nasdaq direction. *AI optimism vs. stretched valuations: Robust AI demand supports sentiment, but the S&P 500 trades at its richest multiple in four years. *Geopolitical risks linger: Nvidia’s China exposure and trade frictions add anotherContinue Reading
