Monthly Archives: July 2026
41654156156Oil Jumps Over 3% as Iran Tensions Reignite Supply Concerns
Written on July 29, 2026 at 6:48 am, by pumarketings
Key Takeaways: *Oil rebounded strongly after Tuesday’s sharp selloff, with WTI climbing above $82 recovering part of the previous session’s nearly 5% decline. *The API reported a 3.3 million-barrel draw in U.S. crude inventories, indicating tighter supply conditions and shifting attention to the official EIA inventory report for confirmation. *Renewed geopolitical tensions supported crude pricesContinue Reading
Gold Pressured as Dollar Holds Firm Ahead of Fed Decision
Written on July 29, 2026 at 6:46 am, by pumarketings
Key Takeaways: *Gold moves lower as investors prepare for the upcoming Fed interest-rate decision *Firm dollar and lingering rate-hike risks weigh on non-yielding bullion *US GDP and Core PCE data remain key catalysts for gold and dollar direction Market Summary: Gold prices moved lower as investors prepared for the Federal Reserve’s upcoming interest-rate decision. AContinue Reading
Aussie Slips as Soft CPI Douses Hawkish RBA Bets
Written on July 29, 2026 at 6:38 am, by pumarketings
Key Takeaways: *The Australian dollar came under selling pressure during the Asian session after inflation figures surprised to the downside, falling short of market expectations. *The weaker CPI reading has reduced expectations for additional RBA tightening, prompting traders to scale back yield-supportive positions and weighing on the Aussie against major currencies. *Near-term AUD direction willContinue Reading
