About: pumarketings
Recent Posts by pumarketings
Political Gridlock Undermines Dollar; Gold Surges to Record
Key Takeaways: *Shutdown Fallout: The U.S. government shutdown is eroding confidence in fiscal management, with Trump’s veto threats amplifying political risk. *Labor Weakness: ADP private payrolls fell by 32,000 in September, the sharpest decline since March 2023, highlighting cooling labor momentum. *Fed Blindspot: With Nonfarm Payrolls and other reports delayed, the Fed faces reduced visibility,Continue Reading
Eurozone Stability Supports Gains as U.S. Stumbles
Key Takeaways: *Inflation Holds: September Eurozone CPI rose to 2.2% and core held at 2.3%, reducing pressure on the ECB to ease further. *Policy Contrast: Narrower bund-Treasury yield spreads supported the euro, as Europe’s steady stance contrasted with U.S. political dysfunction. *Mixed Growth: Germany, France, and Italy posted weak PMIs, while Spain and the NetherlandsContinue Reading
Crypto Extend Rally to New Highs as Shutdown, Dovish Fed Fuel Bullish Sentiment
Key Takeaways: *Bitcoin broke above $119,000 and Ethereum neared $4,400, lifting total crypto market cap back above $4T to a four-week high. *The U.S. government shutdown underscored crypto’s decentralized resilience, while weak ADP jobs data boosted Fed rate-cut expectations. *Technical breakouts reinforce bullish sentiment, though upcoming U.S. data and Fed signals could inject fresh volatility.Continue Reading
