Monthly Archives: June 2026
41654156156Dollar Strengthens on Strong Labor Data; Gold Pressured by Higher Yields
Written on June 4, 2026 at 6:09 am, by pumarketings
Key Takeaways: *US dollar remains supported by strong labor data and rising Treasury yields *Higher oil prices continue to fuel inflation concerns *Fed officials maintain focus on returning inflation to the 2% target Market Summary: The U.S. Dollar Index continued to strengthen and remained near key resistance levels, supported by a combination of rising oilContinue Reading
BTC Tumbles on Risk Averse Sentiment
Written on June 4, 2026 at 5:57 am, by pumarketings
Key Takeaways: *Bitcoin plunged more than 7%, falling below $63,000 and testing the $60,000 level, while Ethereum dropped toward $1,700–$1,750, dragging total crypto market capitalization down by over 6%. *Continued U.S. spot Bitcoin ETF outflows, combined with over $1.2 billion in leveraged liquidations, intensified selling pressure across the crypto market. *The Crypto Fear & GreedContinue Reading
Dow Tumbles as Iran Fears, Oil Spike Spook Investors
Written on June 4, 2026 at 5:55 am, by pumarketings
Key Takeaways: *The Dow fell roughly 620 points (1.2%), retreating from recent record highs as investors reacted to rising geopolitical uncertainty. *Escalating U.S.-Iran tensions pushed crude oil prices higher, fueling inflation concerns and raising fears of increased costs for businesses. *Traders are closely watching the upcoming U.S. Non-Farm Payrolls report. Strong employment data could supportContinue Reading
