Monthly Archives: July 2026
41654156156Dollar Slides After Weak Jobs Data; Gold Extends Gains as Fed Hike Bets Ease
Written on July 3, 2026 at 6:23 am, by pumarketings
Key Takeaways: *US dollar retreats sharply after weaker-than-expected Nonfarm Payrolls data *June payrolls rose only 57,000, well below market expectations of 110,000 *Gold extended gains as softer labor data supported demand for the precious metal Market Summary: The Dollar Index, which tracks the greenback against a basket of six major currencies, retraced sharply after theContinue Reading
Oil Extends Losses as Hormuz Flows Recover and Oversupply Concerns Build
Written on July 3, 2026 at 6:17 am, by pumarketings
Key Takeaways: *Crude oil prices continue to fall as supply disruption fears ease *Strait of Hormuz shipping flows improve as U.S.–Iran talks continue *Contango in the prompt spread signals rising oversupply concerns Market Summary: Crude oil prices continued to extend losses as fears of supply disruption eased further, with shipping flows through the Strait ofContinue Reading
BTC Finds Floor at $58K as Bargain Hunters
Written on July 3, 2026 at 6:14 am, by pumarketings
Key Takeaways: *Bitcoin recovered from recent lows while Ethereum climbed back above the $1,700 mark, supported by bargain hunting and short covering after the recent sell-off. *A hawkish Federal Reserve, stronger U.S. Dollar, elevated Treasury yields, and ongoing geopolitical tensions continue to pressure cryptocurrencies. *The near-term outlook remains fragile. Softer U.S. economic data and improvingContinue Reading
