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Yearly Archives: 2024

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Wall Street Rallies On Powell’s Dovish Tone

Written on July 17, 2024 at 5:05 am, by

Market Summary The U.S. equity market continued its rally in yesterday’s session, with the Dow Jones approaching its all-time high near the 41,000 mark. The Russell 2000 (US2000) small-cap index surged more than 10% since last Thursday, suggesting that strategists have been rotating their exposure to small-cap counters, which are more sensitive to interest rateContinue Reading

USD/JPY Gains After Strong US Retail Sales

Written on July 17, 2024 at 1:56 am, by

Fundamental Analysis * Retail Resilience: The Japanese Yen weakened against the U.S. dollar as the market absorbed stronger-than-expected U.S. Retail Sales data. The U.S. Commerce Department reported that retail sales remained flat in June, contrary to Wall Street’s prediction of a 0.3% decline in spending, based on Bloomberg data. Additionally, May’s retail sales figures wereContinue Reading

PU Prime Joins Financial Commission to Enhance Client Protection and EDR Services

Written on July 16, 2024 at 9:13 am, by

Ebene, Mauritius – 16 July 2024 – PU Prime, a leading global fintech company specializing in trading and investment services, is pleased to announce its application to join The Financial Commission (FC hereafter), an independent self-regulatory organization dedicated to protecting customer interests and resolving disputes in the Forex and CFD trading industry. This significant stepContinue Reading

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