About: pumarketings
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Trade Of The Day: Oil Price Fell On Weak Demand Concerns
Fundamental Analysis Technical Analysis Get more information on how you can analyse signals using chart patterns and technical analysis. Potential Risks As various factors such as demand concerns, OPEC cuts and Middle East, traders remain cautious and reluctant to place aggressive bets on the commodity while continue eying on further developments. Read some of the riskContinue Reading
Poor PMI Reading Weigh On Dollar’s Strength
* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Market Summary Last week’s release of ISM PMI readings, which fell short ofContinue Reading
Trade Of The Day: US Manufacturing PMI Miss, Gold Soars
Fundamental Analysis: Technical Analysis: Learn more about Support and Resistance levels to help you in technical analysis. Potential Risks: Despite the recent data reigniting expectations for an earlier rate cut, the market remains cautious as Atlanta Fed President Raphael Bostic has conveyed a stance indicating the possibility that the Federal Reserve might need to maintain currentContinue Reading
