About: pumarketings
Recent Posts by pumarketings
Euro Gains on Labor Market Optimism, Eyes CPI Data for Next Catalyst
Key Takeaways: *Eurozone unemployment fell to 6.2%, signaling improving job conditions and lifting the euro. *Markets await eurozone CPI, expected to hold at 2%, reinforcing ECB policy stability. *A steady inflation print could extend the euro’s near-term strength, especially against a cautious U.S. dollar. Market Summary: The euro strengthened against its G10 peers during theContinue Reading
Pound Slumps as UK Factory PMI Hits Two-Year Low
Key Takeaways: *Sterling Slips on PMI Weakness – UK Manufacturing PMI fell to 47.0, its sharpest order contraction in nearly two years, signaling rising economic fragility. *BoE Policy in Question – Weak data is fueling speculation about the Bank of England’s response, with markets watching services and construction PMIs for spillover risks. *Politics Add PressureContinue Reading
Hang Seng Index Poised for Breakout Amid Tech Sector Support
Key Takeaways: *HSI dropped over 3% amid selling pressure and a 13% plunge in Meituan shares on weak earnings. *Southbound inflows are providing liquidity support, helping limit deeper losses in the index. *HSI is nearing the 26,000 resistance, where a breakout could spark a bullish rally to 3-year highs. Market Summary: The Hang Seng IndexContinue Reading
