Yearly Archives: 2024
41654156156USDCAD Fell On US Data, Fed Rate Cut Bets

Written on October 2, 2024 at 2:23 am, by pumarketings
Fundamental Analysis * Weak Data: The Canadian dollar has strengthened against the U.S. dollar following the release of disappointing economic data from the U.S. The Institute for Supply Management (ISM) reported that the Manufacturing Purchasing Managers Index (PMI) for September was 47.2, unchanged from the previous month and below the market expectation of 47.5. ThisContinue Reading
PU Prime Partners with Lloyd’s Insurance to Safeguard Your Investments with Comprehensive Coverage

Written on October 1, 2024 at 9:20 am, by pumarketings
Ebene, Mauritius – 1 October 2024 – PU Prime, a global leader in fintech and trading services, is thrilled to announce its strategic partnership with Lloyd’s Insurance, a globally renowned insurance provider. This collaboration offers PU Prime’s clients an additional layer of fund protection, ensuring greater security and peace of mind for their investments. AboutContinue Reading
Jerome Powell Hawkish Statement Spurs Dollar

Written on October 1, 2024 at 5:30 am, by pumarketings
Market Summary The U.S. dollar gained momentum following a hawkish statement from Fed Chair Jerome Powell, signalling that the Federal Reserve is not in a rush to accelerate rate cuts and is likely to maintain a quarter-point rate reduction in the near term. This boosted the Dollar Index (DXY), which rose over 0.5% in theContinue Reading