Monthly Archives: July 2025
41654156156Chart the Market (17/07/2025)
Written on July 17, 2025 at 6:06 am, by pumarketings
ETH, D1: Ethereum (ETH) has completed a long-term head-and-shoulders pattern, a bullish formation that suggests the potential for a breakout toward uncharted territory—above its all-time high of $4,090. The recent rally, which propelled ETH to its 2025 peak, reinforces the breakout narrative. In the short term, maintaining support above the $3,050 level would signal thatContinue Reading
Pound Steady as BoE Stays Hawkish on Sticky Inflation
Written on July 17, 2025 at 5:59 am, by pumarketings
Key Takeaways: *Inflation remains sticky, delaying BoE rate cuts despite market pricing in an August move. *The housing market shows resilience, with strong price and transaction gains. *Trade and geopolitical risks linger, particularly around UK-US steel tariffs. Market Summary: The British Pound held firm near recent highs as stronger-than-expected inflation data and cautious optimism aroundContinue Reading
Australian Dollar Tumbles on Dismal Jobs Data, RBA Policy Outlook in Question
Written on July 17, 2025 at 5:33 am, by pumarketings
Key Takeaways: *Unemployment rose to a 2.5-year high, defying RBA expectations of continued strength. *AUD/USD dropped over 0.5% as traders trimmed bets on further tightening. Market Summary: The Australian dollar suffered its steepest single-day decline in weeks after June’s labor market report revealed concerning cracks in the economy’s foundation. While employment eked out a meagerContinue Reading
