Monthly Archives: July 2026
41654156156Chip Rout Weighs on Nasdaq, Eyes on FOMC Rate Decision
Written on July 28, 2026 at 4:33 am, by pumarketings
Key Takeaways: *The Nasdaq closed lower while the Dow Jones gained and the S&P 500 finished little changed, highlighting continued rotation away from technology stocks. *Sharp declines in Nvidia, Micron, and other chipmakers pressured the index as investors reacted to rising Chinese competition and ongoing concerns over AI-related spending and profitability. *The near-term outlook remainsContinue Reading
Aussie Braces for CPI Test as Labor Resilience, RBA Hawks Set Stage
Written on July 28, 2026 at 4:25 am, by pumarketings
Key Takeaways: *The Australian dollar is expected to see increased volatility ahead of Wednesday’s inflation report, with the CPI release likely to determine the currency’s next major move. *Resilient employment data and a tight labour market have reinforced expectations that the RBA may keep policy restrictive for longer, providing underlying support for the Aussie. *AContinue Reading
US Dollar Holds Firm Ahead of Fed as Gold Retreats on Rate Hike Expectations
Written on July 28, 2026 at 3:51 am, by pumarketings
Key Takeaways: *Hawkish Fed expectations continue to underpin the US dollar despite easing geopolitical risks. *Gold remains pressured by higher Treasury yields and a stronger dollar, with safe-haven demand providing only limited support. *The temporary US-Iran ceasefire reduced oil-driven inflation concerns but failed to significantly weaken the greenback. Market Summary: The US dollar remained firmlyContinue Reading
