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Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Sluggish Stats: The New Zealand Kiwi have record mild gains against the dollar following downbeat U.S PMI data dragged the greenback. U.S. services sector activity unexpectedly slowed in January amid cooling demand, helping to curb price growth. The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Tightening Turn: The Japanese yen surged against the U.S. dollar after the Bank of Japan (BoJ) announced a rate hike on Friday, raising interest rates to their highest level since the 2008 global financial crisis. The BoJ increased its short-term policy rate from 0.25% to 0.5%, a level unseen …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis *Fresh Stimulus: The New Zealand dollar strengthened against the U.S. dollar after announcements of fresh stimulus measures from both China and New Zealand. On Thursday, Chinese authorities unveiled initiatives to stabilize their stock markets, including permitting pension funds to boost investments in domestic equities. Officials also revealed plans for state-owned …
Fundamental Analysis * Levy Loom: The Canadian Dollar weakened against the U.S. Dollar as traders continued to evaluate President Trump’s policies and tariff concerns. Late Tuesday, U.S. President Donald Trump announced plans to implement 25% tariffs on Canada and Mexico, along with duties on China and the European Union, starting February 1. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 21 January 2025, 09:00 – UK Unemployment Rate (Nov) The latest official data from the UK’s Office for National Statistics (ONS) indicates that the unemployment rate increased to 4.3% in the three months leading up to October 2024. This increase was mainly attributed to higher business costs, particularly due to rising …
Fundamental Analysis * Hawkish Note: The Japanese Yen strengthened against the U.S. Dollar following hawkish remarks from Bank of Japan (BoJ) Governor Kazuo Ueda. Supporting the Yen further, comments from Japan’s Finance Minister Katsunobu Kato rekindled concerns about potential government intervention. On Wednesday, Governor Ueda emphasized that the BoJ would consider raising …
Fundamental Analysis * PPI Power-Up: The pound sterling, which had been gaining against the dollar, reversed course and turned negative following the release of U.S. PPI data. The report revealed that annual headline U.S PPI increased by 3.3%, higher than November’s 3.0% but slightly below the forecast of 3.4%. Meanwhile, core PPI—excluding …
Fundamental Analysis * Payroll Surge: The USD/CHF pair extends its gains in early trading, buoyed by a stronger dollar following Friday’s upbeat U.S. jobs report. The Greenback’s momentum is fueled by December’s Nonfarm Payrolls (NFP) data, which showed a net job addition of 256K, surpassing the forecast of 160K, despite a slight …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 14 January 2025, 15:30 – US PPI (MoM) (Dec) The U.S. Producer Price Index (PPI) for November 2024, published on December 12, 2024, showed a 0.4% increase from the previous month, exceeding economists’ expectations of 0.2% and surpassing the 0.3% rise seen in October. While service prices saw a modest 0.2% …
Fundamental Analysis * Robust Data: The New Zealand dollar weakened against the U.S. dollar after upbeat U.S. data suggested the Federal Reserve might slow its pace of rate cuts. December saw an acceleration in U.S. services sector activity, with the ISM Services PMI rising to 54.1 from November’s 52.1, exceeding the forecast …
Fundamental Analysis * Political Uncertainties: USD/CAD recovered some ground during the early Asian session Tuesday, supported by a stronger dollar. President-elect Donald Trump denied reports of narrowing his tariff policy, reaffirming its broad scope and heightening market volatility risks ahead of his inauguration. Investors remain cautious about potential market impacts as details …
Fundamental Analysis * Persistent Inflation: The USD/CHF pair continues its upward momentum, buoyed by growing expectations of fewer rate cuts from the Federal Reserve (Fed). Inflation in the United States remains persistently above the Fed’s 2% target, signaling that the central bank is likely to maintain higher interest rates for a longer …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 7 January 2025, 17:00 – US ISM Non-Manufacturing PMI (Dec) The U.S. ISM Non-Manufacturing PMI for November registered at 52.1, falling short of the market’s expectation of 55.5. While the reading indicates continued growth in the U.S. services sector, it reflects a slower pace than October’s figure of 56.0. This slowdown …
Fundamental Analysis * Hawkish Expectations from the BoJ? The Japanese Yen rebounded after the Bank of Japan’s December policy meeting, with some policymakers hinting at a potential rate hike. The BoJ also reduced its bond purchases, signaling tightening measures. However, concerns remain over the yen’s continued weakness, with Finance Minister Katsunobu Kato …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * RBA Retreat: The Australian Dollar remains under pressure against the US Dollar following the release of the Reserve Bank of Australia’s (RBA) December Meeting Minutes. RBA has emphasized that upside inflation risks have eased, reinforcing expectations of a potential rate cut in early 2025. This dovish outlook has dampened …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Sterling Slide: The pound sterling has plummeted against the dollar, weighed down by strong U.S. jobs data and a solid GDP report. Data released before the New York session indicated a resilient labor market and continued economic growth. Initial Jobless Claims for the week ending December 14 dropped from …
Fundamental Analysis * Retail Resurgence: The New Zealand Kiwi remains under pressure against the U.S. dollar as stronger-than-expected U.S. Retail Sales data lend support to the greenback. According to the U.S. Census Bureau, Retail Sales in the U.S. rose 0.7% MoM in November, exceeding the market forecast of 0.5% and up from …
Fundamental Analysis * Data Glow: The euro edged slightly higher against the dollar, showing modest gains but lacking strong momentum following the release of the latest EU Manufacturing PMI data. According to the Hamburg Commercial Bank (HCOB), the Eurozone Manufacturing PMI improved to 45.2 in December, surpassing the forecast of 45.0. Additionally, …
Fundamental Analysis * Dimmed Expectations: The Japanese Yen extended its losses against the dollar, hitting a two-week low after dovish remarks from the Bank of Japan (BoJ) dampened expectations for a rate hike. A Bloomberg report, quoting BoJ officials, indicated that the bank sees minimal downside in delaying rate increases. This has …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * US Disinflation: The gold price has risen against the dollar following the release of crucial inflation numbers in the United States. The US Bureau of Labor Statistics (BLS) reported that headline CPI was 0.3% MoM, a tenth more than expected but in line with predictions. Core CPI remained constant …
Fundamental Analysis * Cautious Mood: The Japanese Yen has weakened against the US Dollar as deteriorating market sentiment and a rebound in U.S. Treasury yields weigh on the currency. Investors remain cautious about making significant bets while awaiting Wednesday’s U.S. Consumer Price Index (CPI) report. The inflation data is expected to highlight …
Fundamental Analysis * Labor Lift: The AUD/USD pair is facing considerable weakness and dropping close to its August lows following the release of the US Nonfarm Payrolls (NFP) data for November. The US Bureau of Labor Statistics (BLS) reported a robust increase of 227,000 in Nonfarm Payrolls, significantly higher than the prior …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Dollar Retreat: The USD/CHF pair faced selling pressure as the U.S. dollar weakened amid disappointing economic data. Recently, weaker-than-expected results from the ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI intensified bearish sentiment, applying significant pressure on the greenback. Additionally, the Labor Department reported an increase in initial jobless …
Fundamental Analysis * Rate Cut Speculation: The USD/CAD pair edged higher during early Asian trading on Thursday, driven by growing expectations of a Bank of Canada (BoC) rate cut. Statistics Canada recently reported that the Canadian economy grew at an annual rate of 1% in the third quarter. With economic growth falling …
Fundamental Analysis * Trade Tension: The Australian Dollar extended its decline against the US Dollar amid concerns over a potential trade war between the United States and China. US President-elect Donald Trump has threatened to impose 100% tariffs on a group of nine nations if they move to establish a rival currency …
Fundamental Analysis * Fed Watch Uncertainty: Gold prices which traded in U.S. dollars have declined by 3%, marking their steepest monthly drop of 2024. This decline came as expectations of a cautious Federal Reserve strengthened the U.S. dollar, putting pressure on the precious metal. After Donald Trump’s victory in the November presidential …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Market Summary The dollar surged to a recent high, recovering from yesterday’s retreat, driven by President-elect Donald Trump’s threats of 25% tariffs on Canada, China, and Mexico. These protectionist measures boosted dollar momentum but weighed heavily on the Canadian dollar. While Wall Street posted gains, concerns over tariffs on China could negatively …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Market Summary The dollar regained strength after a brief technical correction, with the Dollar Index (DXY) rising above the 107 mark, bolstered by strong U.S. job data. Initial Jobless Claims came in below market expectations, signalling a resilient labour market and potentially paving the way for a more hawkish Fed stance. The …
Market Summary Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response. Oil prices, meanwhile, …
Fundamental Analysis * BoJ Uncertainty: The Japanese Yen (JPY) gave up a significant portion of its earlier gains and weakened against the US Dollar due to uncertainty surrounding the timing of the Bank of Japan’s (BoJ) next rate hike. BoJ Governor Kazuo Ueda recently stated that the economy is moving towards sustained …
Dear Valued Client, Please be advised that the leverage on all Share CFDs products will be adjusted starting from 25th November 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for US Shares CFDs adjustment: Please refer to the table below for EU/UK Shares …
Market Summary Oil prices continued to rally amid escalating geopolitical tensions in Eastern Europe, as the U.S. greenlit Ukraine’s use of long-range missiles, intensifying regional strain. This geopolitical backdrop has spurred a safe-haven rally, with gold rising nearly 2% so far this week as the dollar softened. However, riskier assets have seen …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Persistent Inflation: The New Zealand Dollar continues to slide, hitting a three-month low as the U.S. dollar strengthens, driven by recent U.S. inflation data. The Producer Price Index (PPI), reflecting inflation at the producer level, aligned with forecasts for October, showing a 0.2% monthly increase, following the previous month’s …
Fundamental Analysis * Inflation Grip: The Japanese Yen continues to weaken against the strengthening U.S. Dollar, following the release of U.S. CPI inflation data. The Consumer Price Index (CPI) report did not offer the inflation slowdown that markets had hoped for, but it did align with expectations. Monthly headline CPI remained steady …
Fundamental Analysis * Dollar Pressure: Gold prices suffered their worst weekly performance in five months, dropping sharply as speculation around a second term for Donald Trump raised concerns about a renewed escalation in trade tensions, supporting the U.S. Dollar. In overnight news, Bloomberg reported that BlackRock and JPMorgan warned the sell-off in …
Fundamental Analysis * Tariff Threat: The Australian dollar remains under pressure against the U.S. dollar due to concerns over Donald Trump’s recent proposal to raise tariffs on Chinese imports. Australia, a major exporter to China, could feel the economic impact of Trump’s suggested 60% tariff on all Chinese goods. Trump argues that …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Expected Cut: The USD/CHF pair has inched upward as the market continues to digest the Federal Reserve’s anticipated 25 basis point rate cut. This latest quarter-point reduction, announced on Thursday, follows a larger 50 basis point cut made in early September. Fed officials stated that the labor market has …
Fundamental Analysis * Dollar Dip: The Euro strengthened against the U.S. dollar after Friday’s release of weaker-than-expected Nonfarm Payroll data. The U.S. Bureau of Labor Statistics reported October’s NFP rose by only 12,000, following a downwardly revised increase of 223,000 in September (from the initial 254,000 estimate), falling short of market expectations …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Market Summary Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar …
Dear Valued Client, With the upcoming U.S. election expected to heighten market volatility. PU Prime remains committed to ensuring a secure trading environment. We are pleased to confirm that no changes will be made to our current margin requirements ahead in anticipation of the 5th November 2024 election. We provide stable spreads …
Dear Valued Client, Please note that in observance of the upcoming end of Daylight Saving Time in US on 3rd November 2024, there will be changes to PU Prime’s trading schedule from 4th November 2024. Kindly refer to the table below outlining the affected instruments: Please note the above data are subject …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * China Jitters: The Australian Dollar continues to decline against the US Dollar due to growing concerns over China’s economic outlook, Australia’s largest trading partner. Investor anxiety is rising as China’s September data highlights deepening deflationary pressures, casting doubt on the effectiveness of its stimulus measures. This has driven a …
Fundamental Analysis * Weak Kiwi: The New Zealand Dollar continues to weaken against the U.S. Dollar, facing pressure from deflation concerns in its largest trading partner, China. Uncertainty around Beijing’s economic stimulus plans has raised doubts about future demand. On Sunday, China’s National Bureau of Statistics reported that the country’s monthly Consumer …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 15 October 2024, 14:30 – Canada CPI (YoY)(Sep) The latest release of Canada’s Consumer Price Index (CPI) for August 2024 showed a year-over-year increase of 2.0%, down from the previous 2.5% in July. The figures landing on the Bank of Canada’s target for the first time since 2021, leaving the door …
Fundamental Analysis * Crude Build: Crude oil prices have declined after a larger-than-expected increase in U.S. crude inventories. The Energy Information Administration reported a rise of 5.8 million barrels in U.S. oil supplies last week, far exceeding the forecasted 2-million-barrel build. Additionally, oil prices were pressured by the possibility of de-escalation in …
Fundamental Analysis * Spending Slump: The Japanese yen continued to weaken against the U.S. dollar, as the greenback maintained its strength amid reduced expectations of a larger-than-expected rate cut. According to the CME FedWatch tool, traders have adjusted their projections for the Federal Funds rate in November, now expecting a 25-basis point …
Fundamental Analysis * Cautious Approach: The Australian dollar continues to weaken against the U.S. dollar as markets digest the RBA’s September meeting minutes, which reveal a cautious stance. The Reserve Bank of Australia’s board discussed potential future interest rate cuts and hikes but concluded that the current cash rate remains the best …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted from 14 October 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: Additionally, the leverage for new positions opened to all shares CFDs during …
Fundamental Analysis * Smaller Cut: Gold prices have pulled back from recent highs following a stronger-than-expected US jobs report, suggesting the labor market remains robust. This strengthens the case for the Federal Reserve (Fed) to gradually ease its policy in 25-basis-point (bps) increments. The US Bureau of Labor Statistics (BLS) reported an …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Flight To Safety: The GBPUSD pair continues its decline in early Asian trading as the US Dollar (USD) strengthens, driven by increased safe-haven demand amid escalating conflict in the Middle East. On Tuesday evening, Iran launched approximately 200 missiles, including ballistic ones, targeting the Israeli capital, Tel Aviv, in …
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 …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Yen Drift: The Japanese Yen (JPY) weakened against the US Dollar amid concerns that the Bank of Japan (BoJ) is in no rush to increase interest rates. After the BoJ’s policy decision on Friday, Governor Kazuo Ueda indicated that rate hikes would be considered if inflation trends align with …
Fundamental Analysis * Crude Surge: Oil prices gained slightly during early trade on Monday, boosted by concerns conflict in the Middle East may impact supply in the key producing region and expectations the U.S. interest rate cut last week will support demand. Investor continue to digest on Fed rate cut move of …
Promotion has ended, for more recent promotions, refer to https://www.puprime.com/promotions Are you looking to dive into the world of trading but feel overwhelmed by the complexities? Or are you an experienced trader wanting to share your signals and capitalise on it? PU Prime is excited to share a Mirror & Match promotion for …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * BoJ Hike Bets: The Japanese yen has gained ground against the dollar as market participants reevaluate their positions, factoring in the likelihood of a future rate hike from the Bank of Japan (BoJ). The economic data released on Friday highlighted that Japan’s Core Consumer Price Index (CPI) surged to …
Fundamental Analysis * First Cut: USD/CAD have surged during the Asian session following the Fed’s interest rate decision, which triggered significant market volatility. The Federal Open Market Committee (FOMC) reduced the federal funds rate to a range of 4.75% to 5%, marking the Fed’s first rate cut in over four years. In …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Surging Odds: The USD/JPY pair continues to slide during the Asian session as the dollar weakens. The US Dollar (USD) hit a new weekly low, driven by growing expectations of more aggressive easing by the Federal Reserve (Fed) next week. This sentiment was reinforced by Wednesday’s lower-than-anticipated US Producer …
Fundamental Analysis * Data Dilemma: Pound sterling have fell against the greenback as the market reacted to the latest inflation data from the U.S. Economic activity released during the European session seems to have added pressure on the pound. According to data, annual core CPI, which excludes volatile food and energy prices, …
Fundamental Analysis * Inflation Watch: Gold prices advanced during the Asian trading session as traders assessed the decline in U.S. Treasury yields while awaiting a key inflation report from the U.S. The U.S. Treasury bond yields fell with the yield on the 10-year Treasury fell by 5 basis points to 3.648%, while …
Fundamental Analysis * NFP Aftermath: The Australian Dollar turned negative and declined against the U.S. Dollar following the release of August’s U.S. Non-Farm Payrolls (NFP) report. The data revealed weaker-than-expected job growth, with 142K new jobs added, falling short of the forecasted 160K but still above July’s revised figure of 89K (originally …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Labor Market Slip: Gold prices have regained their footing following the release of U.S. Job Openings data, which revealed fewer openings than anticipated for July. According to the U.S. Bureau of Labor Statistics, the JOLTS Job Openings dropped to 7.673 million in July, down from a downwardly revised 7.91 …
Fundamental Analysis * GDP Stumble: The Australian Dollar weakened against the U.S. Dollar following the release of weaker-than-expected Australian GDP data. According to the Australian Bureau of Statistics (ABS), Australia’s Gross Domestic Product (GDP) grew by 0.2% quarter-on-quarter (QoQ) in the second quarter (Q2) of 2024, slightly higher than the 0.1% growth …
Fundamental Analysis * Dollar Grab: EUR/USD tilted further into the red as the market continue to digest the U.S inflation on earlier Friday and rate cut expectation from Fed. The Federal Reserve (Fed) is almost certain to start reducing interest rates from the September meeting. However, signs of stickiness in the inflation …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Business Boom: The New Zealand Dollar attracts further buying demand after the nation’s business confidence improves significantly in August. According to the ANZ Bank survey, New Zealand’s business confidence jumped in August to the highest level in a decade as forward-looking activity indicators rose strongly. The survey’s headline measure …
Fundamental Analysis * Dove Echoes: The Canadian Dollar continue to extend it gains against the dollar as the market remain digesting the recent dovish remarks from Fed. The Federal Reserve (Fed) pivoting into a dovish stance remains the talk of the town and markets continue to sell the Greenback into the ground …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 27 August 2024, 16:00 – US CB Consumer Confidence (Aug) The U.S. Conference Board Consumer Confidence Index rose to 100.3 in July 2024, up from a revised 97.8 in June. This growth was mainly driven by improved consumer expectations regarding future economic conditions, even as views on the present situation slightly …
Fundamental Analysis * PMI Drag: The USD/CAD pair was traded in a softer tone after the release of PMI data from S&P Global. According to data, the US Composite Purchasing Managers Index (PMI) fell slightly to 54.1 in August’s flash estimate. While the figure came in higher than expected of 53.5, it …
Dear Valued Client, Please be advised that the leverage on all Share CFDs products will be adjusted starting from 26th August 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for US Shares CFDs adjustment: Please refer to the table below for EU/UK Shares …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Hawkish RBA: The Australian dollar has continued to strengthen against the US dollar, driven by a hawkish stance from the Reserve Bank of Australia (RBA). On the data front, Australia’s Westpac Consumer Confidence increased by 2.8% in August, recovering from a 1.1% decline in July. Additionally, the Wage Price …
Fundamental Analysis * Hawkish Fed: The USD/CHF saw some buying interest as the dollar began the week on a strong footing, following hawkish remarks by Federal Reserve Governor Michelle Bowman. Bowman suggested that the Fed might not lower rates in September and highlighted ongoing inflation risks due to a robust labor market. …
Fundamental Analysis * Yen Woes: The Japanese Yen continues to weaken against the dollar as the market processes dovish statements from the Bank of Japan (BoJ). According to Reuters, BoJ Deputy Governor Shinichi Uchida recently stated that the BoJ would not consider raising interest rates amidst market instability. He also mentioned that …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Cable Struggle: The pound sterling continues to experience downward pressure as markets speculate about the possibility of two additional interest rate cuts from the Bank of England (BoE) this year. Recently, the BoE reduced interest rates for the first time since March 2020, lowering the bank rate by 0.25 …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: The Pound Sterling experienced significant bearish momentum following the Bank of England’s decision to cut interest rates by 25 basis points, down to 5.00%. Meanwhile, market volatility is rising ahead of the release of crucial Nonfarm Payrolls and Unemployment rate data, alongside …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 30 July 2024, 16:00 – US CB Consumer Confidence (Jul) The U.S. Conference Board reported a slight decline in the US Consumer Confidence Index (CCI) for June 2024, dropping to 100.4 from 101.3 in May. This decline is primarily due to a fall in the Expectations Index, which decreased to 73.0 …
Fundamental Analysis * Profit Pullback: The USD/CAD pair has taken a breather and retreated from its high as investors begin profit-taking after digesting better-than-expected U.S. GDP data. According to the Commerce Department’s report on Thursday, the initial estimate of the US Real Gross Domestic Product (GDP) for the April-to-June period showed a …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
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 …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products had been adjusted from 15 July 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: Additionally, the leverage for new positions opened to all shares CFDs during …
Fundamental Analysis * ECB Alert: The Euro lost its recent bullish momentum, sharply declining after briefly surpassing 1.0900, as traders brace for Thursday’s ECB rate decision. ECB officials are expected to prepare investors for another rate cut, though only after the Governing Council’s extended summer break between decisions. While another rate cut …
Fundamental Analysis * PSI Bust: The New Zealand dollar has depreciated against the US dollar as the market absorbed the weaker-than-expected Business NZ Performance Services Index. The New Zealand service sector’s decline is accelerating, with the index falling to 40.2 in June, marking its fourth consecutive monthly decrease and the lowest activity …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Fuel Boom: Crude oil prices have increased due to indications of robust summer demand and reduced inflationary pressures in the United States, the world’s largest oil market, boosting investor confidence. U.S. government data revealed that gasoline demand reached 9.4 million barrels per day (bpd) in the week ending July …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Wednesday, 10 July 2024, 04:00 – RBNZ Interest Rate Decision In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range …
Fundamental Analysis * Data Dive: The Canadian Dollar has strengthened against the greenback following a significant sell-off in the dollar due to disappointing U.S. economic data. The ADP Employment report revealed that private sector job growth unexpectedly slowed in June, with employers adding 150K jobs, missing the forecast of 160K and falling …
Fundamental Analysis * Supply Squeeze: Oil prices climbed in Asian trading on Wednesday, remaining close to two-month highs. This rise followed industry data indicating a significant drawdown in U.S. inventories over the past week, which bolstered demand optimism. According to the American Petroleum Institute, U.S. inventories decreased by nearly 9.2 million barrels …
Fundamental Analysis * Dovish Delight: The Euro has maintained its upward trend against the US Dollar for the third consecutive day. This movement is fueled by speculation that the US Federal Reserve may cut interest rates in 2024, weakening the US Dollar and supporting the EUR/USD pair. On Friday, the US Bureau …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Market Summary The financial market remained relatively quiet as the U.S. celebrated its National Independence Day holiday yesterday, resulting in a halt for the U.S. equity market. However, the equity market futures remained bullish, catalysed by the tech sector. Attention now turns to the Pound Sterling as the Bank of England’s (BoE) …
Fundamental Analysis * Data Drought : EUR/USD has slightly recovered from its low, primarily from the broad US dollar weakness due to a lack of significant data releases. The market is continuing to digest the possibility of the Fed reducing interest rates twice in 2024 amid easing inflationary pressures. The US Consumer …
Fundamental Analysis * Energy Ebb: The price of the crude oil have fell due to an unexpected increase in U.S. stockpiles, raising concerns about sluggish demand from the world’s largest oil consumer. The U.S. Energy Information Administration (EIA) reported a 3.6-million-barrel rise in the country’s crude oil stocks last week, surprising analysts …
Fundamental Analysis * Golden Pause: Gold prices (XAU/USD) are hovering near two-week lows, trading around the $2300 mark, as the Fed’s hawkish stance and higher US bond yields have created a headwind for the yellow metal. At the end of the June meeting, the Federal Reserve adopted a more hawkish approach, with …
Fundamental Analysis * Energy Ebb: The price of the crude oil have fell due to an unexpected increase in U.S. stockpiles, raising concerns about sluggish demand from the world’s largest oil consumer. The U.S. Energy Information Administration (EIA) reported a 3.6-million-barrel rise in the country’s crude oil stocks last week, surprising analysts …
Fundamental Analysis * Data Drought : EUR/USD has slightly recovered from its low, primarily from the broad US dollar weakness due to a lack of significant data releases. The market is continuing to digest the possibility of the Fed reducing interest rates twice in 2024 amid easing inflationary pressures. The US Consumer …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Market Summary The financial market remained relatively quiet as the U.S. celebrated its National Independence Day holiday yesterday, resulting in a halt for the U.S. equity market. However, the equity market futures remained bullish, catalysed by the tech sector. Attention now turns to the Pound Sterling as the Bank of England’s (BoE) …
Fundamental Analysis * Retail Slump: The Swiss Franc continues to strengthen against the dollar following the release of weak U.S. retail sales data on Tuesday. U.S. retail sales rose less than expected in May, increasing by only 0.1% after a downwardly revised 0.2% drop in April, falling short of the 0.3% forecast. …
Fundamental Analysis * Housing Boost: The Canadian Dollar (CAD) is trading steadily but has seen modest gains against the US dollar following the release of unexpectedly strong housing data from Canada. Housing starts surged to a seven-month high of 264.5k on an annualized basis, exceeding the forecast of 247k. This increase was …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Tuesday, 18 June 2024, 06:30 – RBA Interest Rate Decision (Jun) In May, Australia’s central bank, the RBA, maintained its interest rate at 4.35%, as widely expected for the fourth meeting in a row. The bank cautioned that inflation risks were tilted towards rising, indicating that there were no imminent plans for …
Fundamental Analysis * Fed Hawk: The USD/JPY initially dropped from its peak but later recovered somewhat as the market continued to digest soft U.S inflation data alongside the Fed hawkish stance. The latest US Consumer Price Index (CPI) unchanged in May, the first time since last June, and decreased to 3.3% annually …
Fundamental Analysis * Job Juggernaut: The USD/CHF pair has strengthened following the release of updated Nonfarm Payroll (NFP) figures from the US on last Friday, which exceeded market expectations. This has led to speculation that the Federal Reserve may adopt a more hawkish stance, contrasting with the Swiss National Bank’s (SNB) policy, …
PU Prime, a world-leading brokerage firm, is making big changes. In an effort to improve how customers manage risks and boost their trading opportunities, PU Prime has decided to set the highest leverage at 1:1000 and lower the stop-out level to 20%, starting from 17th June 2024. This helps traders better meet …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Wednesday, 12 June 2024, 15:30 – US CPI (MoM) (May) In April, U.S. consumer prices saw a smaller-than-expected increase, registering at 0.3% compared to the previous 0.4%. This suggests that inflation started to decrease once more at the beginning of the second quarter. As the economy appears to be slowing down and …
Fundamental Analysis * Yen Fade: The USD/JPY pair has surged following a period of decline, driven by the strengthening of the US dollar amidst its recovery from recent setbacks triggered by a sell-off after the ISM Manufacturing PMI missed expectations, coupled with disappointing data from Japan. This includes reports of a continual …
Dear Valued Client, PU Prime will implement the following adjustments to all MT4/MT5 Pro accounts starting from 17 June 2024 to enhance competitiveness and improve the trading environment as follows: Adjustment in margin call level threshold and margin stop-out level threshold. Adjustment in leverage for Indices and Oil products. Please refer to …
Fundamental Analysis * Greenback Gloom: The Pound Sterling strengthened against the US Dollar after the recent release of unexpectedly weak U.S. Manufacturing PMI data, which negatively impacted the dollar. The Institute for Supply Management (ISM) reported on Monday that the U.S. manufacturing sector contracted at a faster rate in May. The ISM …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Treasury Surge, Gold Purge: Gold prices fell on Wednesday as rising US Treasury yields increased demand for the Greenback. The yield on the US 10-year Treasury note rose by six basis points to 4.616%, strengthening the dollar and weighing on the commodity. With a sparse economic calendar, traders continue …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Hawk Shock: The Australian dollar has dropped against the US dollar following the release of hawkish minutes from the Federal Open Market Committee (FOMC). The minutes indicated that the Federal Reserve might raise interest rates if inflation necessitates such action. The minutes stated that various participants mentioned willingness to …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Monetary Musings: The Australian dollar experienced declines against the US dollar following statements made by multiple Federal Reserve officials. A number of Fed officials, including Loretta Mester, John Williams, and Thomas Barkin, suggested that it might be necessary to maintain higher interest rates for an extended period until there …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 20th May 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates and times are provided in GMT+3 (Server Time in …
Fundamental Analysis * Inflation Chill: The Canadian dollar has strengthened against the US dollar due to a cooler-than-expected US Consumer Price Index report, which has caused the greenback to weaken. This decrease in inflationary pressure has revived hopes in the market for potential rate cuts by the Federal Reserve in September. In …
Fundamental Analysis * Yentervention Fade: USD/JPY surged above the 156.00 mark, with markets digesting recent declines in the Japanese Yen (JPY) attributed to two presumed interventions by the Bank of Japan (BoJ) in late April and early May. The BoJ has not publicly acknowledged these interventions, opting not to confirm or deny …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Surprise Draw: The price of the US crude benchmark WTI, has regain some ground and rebound from losses following an unexpected drop in U.S crude storage. According to the Energy Information Administration (EIA) report on Wednesday, crude inventories for the week ending May 3 fell by 1.4 million barrels …
Fundamental Analysis * Loonie Downturn: On Friday, the Canadian Dollar (CAD) experienced a widespread decline despite disappointing US Nonfarm Payrolls (NFP) and wage data, causing it to plummet after an initial uptick. Given the absence of significant economic data in Canada until Tuesday, the Canadian Dollar was vulnerable to broader market dynamics. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Golden Dilemma: The price of the yellow metal has fallen from its high as US Dollar’s recovery driven by elevated US core PCE inflation data, putting pressure on the value of gold. The annual underlying inflation data rose at a higher pace of 2.7% from the estimates of 2.6% …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Aussie Ascendancy: The Australian dollar maintains its stability against the US dollar after recording a 0.33% increase on Thursday, driven by a United States report indicating that economic growth is below projections while inflation has accelerated. The US Dollar is facing downward pressure after a GDP report came in …
Fundamental Analysis * Yen Buzz: The Japanese yen has weakened against the US dollar to its lowest levels since 1990, driven by robust US economic data. The growing yield gap between Japan and the US, fueled by higher US Treasury yields, has intensified pressure on the yen. Despite hints of vigilance from …
Fundamental Analysis * Loonie Buzz: The Canadian Dollar (CAD) strengthened against the US Dollar (USD) following weaker-than-anticipated US Purchasing Managers Index (PMI) data. The subdued performance in US economic activity is fostering optimism in the market, suggesting that the US Federal Reserve (Fed) may consider implementing rate cuts sooner than anticipated. The …
Market Summary As we head into the second quarter earnings report season, the U.S. equity market is poised to capture significant attention. Recent geopolitical events, particularly the unconfirmed reports of an explosion in Iran’s third-largest city last Friday, have injected volatility into commodities prices and bolstered the appeal of safe-haven assets like …
Fundamental Analysis * Recovering mood: The Australian dollar slightly recovers against the dollar as concerns over increased tensions in the Middle East diminish following Iran’s announcement that the drone attack did not cause damage to nuclear facilities in Isfahan. Besides that, the purported attack from Israel, yet to be officially acknowledged by …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Euro’s Steadfast: The Euro has slightly recovered and edge higher against the dollar as investors consolidated gains after Federal Reserve officials repeated the interest rate-cutting cycle is on hold pending new economic data, while the monetary easing outlook for other major central banks remained unchanged. On top of that, …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 22nd April 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: Additionally, the leverage for new positions opened to all shares CFDs …
Fundamental Analysis * Diving Loonie: The Canadian Loonie continue to lose ground against the dollar as US Dollar has resumed its upward trend, propelled by retail consumption data surpassing expectations which affirming the robust momentum of the US economy. The US Census Bureau revealed that March’s Retail Sales grew by 0.7% growth …
Fundamental Analysis * Geopolitical Perils: AUD/USD sees a slight rebound from a two-month low reached on Friday, driven by profit taking among sellers while market focus on attention on escalating geopolitical tensions in the Middle East. Iran retaliated against Israel late Saturday with explosive drones and missiles following a suspected Israeli attack …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that trading hours for UK100/UK100ft on Friday will be adjusted starting from 12th April 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If you have …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * RBA Bombshell: The Aussie dollar have plunged against the dollar after the Reserve Bank of Australia (RBA) have delivered a dovish statement in its meeting minutes. The Reserve Bank of Australia (RBA) released the minutes from its March monetary policy meeting, revealing that the board did not entertain the …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Flying Aussie: The AUD/USD pair rise for the second consecutive day, receiving an extra boost after the optimistic Australian jobs report. Notably, the Australian Employment Change exceeded even the most optimistic predictions, further supported by the weakening US Dollar following the FOMC meeting. In February, Australia’s unemployment rate decreased …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis * Renewed Greenback: The pound sterling has fallen against the dollar after robust U.S data, which has led to a resurgence in demand for the greenback. Data released by the US Census Bureau on Thursday indicated that U.S Retail Sales surged by 0.6% month-over-month (MoM) in February, rebounding from a …
Fundamental Analysis * Firm Rate Hike Bets: USD/JPY continue to extend its losing streak amid increasing expectation that the BoJ will shift away from its expansionary interest rate stance in the March monetary policy meeting. BoJ officials have suggested a prolonged period of favorable wage trends, aiming to maintain inflation consistently above …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please note that in observance of the upcoming US Daylight Saving Time on 10 March 2024, MT4/MT5 system time zone will be switched from GMT+2 to GMT+3, there will be changes to PU Prime’s trading schedule starting from 10 March 2024. Except from the server time changes in MT4/MT5 …
Fundamental Analysis: Rate Cut Hopes Reignited: Gold price soared over $2060 after US ISM Manufacturing Purchasing Manager Index (PMI), which fell below expectations. This has reignited optimism among market participants regarding the possibility of the Federal Reserve (Fed) implementing rate cuts sooner rather than later. The U.S Manufacturing PMI declined to 47.8 …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Fundamental Analysis German Data Disappoints, Economic Weakness: The EUR/USD lost its upward momentum following a mix of lackluster German Retail Sales and Consumer Price Index (CPI) report that fell short of expectations. January’s German YoY Retail Sales of -1.4% were slightly better than the forecast of -1.5%, reflecting a modest improvement from …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Content: What Is MT4?How To Set Up MT4 And An MT4 Account?How to Make a Trade on MT4?How to Modify Stop Loss and Take Profit on MT4 Trading Platform?How to View Trade History on MT4?How to Set Trade Alerts on MT4?How to Add Expert Advisor (EA) on MT4 Trading Platform?Frequently Asked Questions …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Wednesday, 21 Feb, 21:00 – FOMC Meeting Minutes In January, the Federal Reserve declared a steady policy rate of 5.25% – 5.5%, acknowledging the uncertain trajectory toward a rate cut in 2024. While many investors are hopeful for a shift from rate hikes to cuts by the Fed in the upcoming months, …
January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. The Dollar Index hits a three-month high, driven by robust economic indicators, including strong job reports, GDP figures and US inflation. January’s inflation exceeds expectations at 0.30% monthly and 3.10% year-on-year, reinforcing the Dollar’s strength. Market expectations for …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 19th February 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates and times are provided in GMT+2 (Server Time in …
Dollar in consolidation mode ahead of key economic data, investors are advised to continue eyeing on US CPI. The US Dollar adopts a consolidated stance in anticipation of key economic data, particularly US inflation and retail sales figures. Investors are closely monitoring the Consumer Price Index (CPI) for January, expecting a year-on-year …
Tuesday, 13 Feb, 15:30 – US CPI (YoY) (Jan) Consumer prices for a range of goods and services surged beyond expectations in December, as reported by the Labor Department. The Consumer Price Index (CPI) for 2023 ended at 3.4%, slightly surpassing the previous figure of 3.1%, while economists had anticipated a reading …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Amidst positive US economic indicators, the Dollar Index remains stable, dampening expectations for a Federal Reserve rate cut. Robust US equity markets, fueled by strong corporate results, counter rising Treasury yields. Gold faces downward …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Wednesday, 24 Jan, 17:00 – CA BoC Interest Rate Decision In the previous month, the Bank of Canada (BoC) chose to keep its key interest rate at 5% for the third consecutive decision, in line with widespread expectations. The BoC expressed ongoing concerns about inflation risks but stopped short of explicitly stating …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, PU Prime is pleased to announce there will be leverage adjustment on US shares product starting from 8th January 2024 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for optimisation: Additionally, the leverage for new positions opened during 30 minutes before …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The US Dollar grapples with a one-week low against major currencies as investors await critical US inflation data for Federal Reserve policy insights. The US Dollar grapples with a one-week low against major currencies as investors await critical US inflation data for Federal Reserve policy insights. Disappointing Q3 GDP figures, revealing a …
Despite the RBA keeping its interest rate level unchanged earlier, the meeting minutes indicate that Australian authorities remain focused on battling inflation The Japanese Yen has taken centre stage as it gains ahead of the Bank of Japan’s (BoJ) interest rate decision. The market widely believed that the Japanese central bank is …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Santa Claus rally stands as a captivating seasonal phenomenon within the stock market, and draws the attention of seasoned stock traders and investors alike as the year draws to a close. Understanding the intricacies and implications of the Santa Claus rally is paramount for stock traders seeking to capitalise on these …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&&” which show in the balance after the close of the day before the dividend payment date. Please refer …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 4th December 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates and times are provided in GMT+2 (Server Time in …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 20 Nov (GMT+2) Tuesday, 21 Nov, 17:00 – US Existing Home Sales (Oct) US existing home sales fell to a seasonally adjusted annual rate of 3.96 million. Economists suggest that, as seen throughout the year, constrained inventory and reduced housing affordability are ongoing challenges for home sales. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 6 Nov (GMT+3) Tuesday, 7 Nov, 06:30 – AU RBA Interest Rate Decision (Nov) There is a growing likelihood and concerns that the RBA will opt for another interest rate hike in the upcoming decision. This expectation is fueled by the resurgence of house prices, nearing previous …
In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. In a highly anticipated move, the Federal Reserve opted for a pause in its interest rate trajectory, aligning with market predictions. Federal Reserve Chair Jerome Powell, while announcing the decision, left …
Gold prices retreated from the crucial $2000 level, pivoting attention from Middle East tensions to upcoming central bank decisions. Amidst shifting global dynamics, gold prices retreated from the crucial $2000 level, pivoting attention from Middle East tensions to upcoming central bank decisions, particularly those of the Federal Reserve and the Bank of …
Dear Valued Client, Please note that in observance of the upcoming Daylight Saving Time in US, there will be changes to PU Prime’s trading schedule from 6th November 2023. Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+2 (Server Time in MT4/MT5.) Please note the …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 30 October (GMT+3) Wednesday, 1 November, 21:00 – US Fed Interest Rate Decision (Oct) The markets are currently anticipating that the Federal Reserve will maintain its current interest rates next week. This aligns with recent dovish statements made by Fed officials and the generally favourable economic data. …
In the dynamic world of financial markets, a contrarian trading strategy could provide an intriguing approach for traders and investors. Contrarian traders challenge the prevailing market sentiment and seek trading opportunities when others are pessimistic or overly optimistic. By going against the crowd, these savvy investors aim to profit from market reversals. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the minimum lot size of the following instruments will be adjusted starting from 23rd October 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: Note: • Please close positions smaller than 1 lot before the market …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 16 October (GMT+3) Tuesday, 17 October, 15:30 – US Retail Sales (MoM) (Sep) In August, U.S. retail sales surpassed expectations due to a surge in gasoline prices, which boosted service station receipts. The rising gas prices are impacting the economy and could dampen shoppers’ momentum as holiday …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 16th October 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 3 October (GMT+3) Tuesday, 3 October, 06:30 – AUD RBA Interest Rate Decisions (Oct) After two consecutive months of unchanged interest rates, economists believe this pause is meant to assess the impact of previous rate increases on the country’s economy. As the results show, the country’s inflation …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, PU Prime is pleased to announce the introduction of pre-market trading sessions for 20 selected US Shares products on MT5 starting from 2nd October 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All hours are provided in GMT+3 …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
After the FOMC statement was unveiled yesterday, the dollar index held its ground firmly above the pivotal $105 level, putting pressure on gold prices. In the aftermath of the FOMC statement unveiled yesterday, financial markets fluctuated as investors dissected the nuanced signals emanating from the Fed’s leadership regarding its policy outlook. The …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 18 September (GMT+3) Tuesday, 19 September, 15:30 – US Building Permits (Aug) There was a slight increase in US July Building Permits, rising from 1.441 million to 1.443 million.The marginal uptick in housing starts indicates a degree of optimism among builders. However, the impact of potential future …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
A downward spiral has affected the currencies of the euro region, as the Eurozone and U.K.’s PMI numbers have fallen below the 50 mark. A downward spiral hit the euro region currencies, including the euro and Pound Sterling, as economic data revealed a softer-than-expected state of affairs. Both the Eurozone and UK’s …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 21 August (GMT+3) Tuesday, 22 August, 17:00 – US Existing Home Sales (Jul) During June, existing home sales in the U.S. witnessed a drop, reaching a five-month low of 4.16 million, which could be attributed to the impact of the Federal Reserve’s aggressive interest rate hikes on …
Dear Valued Client, Please be advised of the upcoming Sempra Energy (SRE) stock split that is going to take place as per the following schedule: • Ex-Date: August 22th, 2023 (GMT+3, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. The primary motive is to make the shares more affordable …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 21st August 2023 to further optimize the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The U.S. Consumer Price Index (CPI) was unveiled in the previous night’s session, yielding a mixed outcome. The U.S. Consumer Price Index (CPI) was unveiled in the previous night’s session, yielding a mixed outcome. While the reading showed an increase compared to the earlier figures, indicating a rise in inflation, it fell …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Hang Seng Index and regional stock markets start the day with a solid 3% gap up on account of Chinese government’s economic bolstering optimism. The Hang Seng Index and regional stock markets start the day with a solid 3% gap up, driven by a prevailing optimism over anticipated economic bolstering by …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 17 July (GMT+3) Tuesday, 18 July, 15:30 – US Retail Sales (MoM) (Jun) Contrary to market expectations of a -0.1% rate, May’s US Retail Sales exceeded forecast expectations with a rate of 0.3%. This indicates that consumer spending remains resilient, even in the face of rising inflation …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The disappointed PMI reading indicates a lack of optimism in the manufacturing sector Investors await the RBA’s interest rate decision, expecting a 25 bps rate hike. Despite Australia’s CPI dropping to 5.6%, it remains distant from the 2% target. Meanwhile, the Purchasing Managers’ Index (PMI) readings in both the United States and …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 10th July 2023 to further optimize the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Solid US economic data continue to boost demand on US Dollar. The US Dollar has gained strength as economic data surpassed expectations. Meanwhile, the robust banking sector sparked bullish momentum in the US equity market. The Federal Reserve’s stress test results showcased the resilience of major banks, including Wells Fargo, JPMorgan Chase, …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Week Ahead: Week of 3 July (GMT+3) Monday, 3 July, 17:00 – US ISM Manufacturing PMI (Jun) The manufacturing Purchasing Managers’ Index (PMI) in the United States has remained below the threshold of 50 for the sixth consecutive month, signalling contraction in the sector. The latest reading recorded a decline to …
Geopolitical tensions eased following Prigozhin’s troops retreat from Moscow as both parties had reached consensus on certain deals. Political instability in Russia has abated as Prigozhin’s troops retreat from Moscow, leading to a positive response in equity markets, particularly the Nasdaq, which rose over 1%. Oil and gold prices declined as the …
The geopolitical uncertainty saw gold rise slightly, while lending support to a crude oil market plagued by demand concerns Stock markets were rattled as the events over the weekend in Russia heightened geopolitical uncertainty. In a late-night televised speech, the Russian president condemned the leaders of the Wagner mercenaries as traitors, further …
The rule of Russian President Vladimir Putin, is facing a significant challenge as the Wagner mercenary group advances towards Moscow. The rule of Russian President Vladimir Putin, who has held power for 23 years, is facing a significant challenge as the Wagner mercenary group advances towards Moscow. This development has caused concerns …
The Week Ahead: Week of 26 June (GMT+3) Tuesday, 27 June, 17:00 – US CB Consumer Confidence (Jun) Ahead of the anticipated release of the U.S. CB Consumer Confidence data, the University of Michigan has published the Consumer Sentiment Index for the United States. It shows a monthly increase of 7.9% from …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Following the Federal Reserve’s decision to maintain the interest rate unchanged, equity markets responded positively, leading to upward movements, while the U.S. dollar experienced a significant decline of nearly 1% last night. On the other hand, Asian equities continue to gain, helped by the expectation of more stimulus from China. On top …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
While the Fed has paused rates at their June FOMC meeting, their hawkish tone has caused the dollar to rise The Federal Reserve kept the interest rate unchanged at 5.25%, in line with market expectations, as U.S. inflation showed signs of moderating. Despite a rate pause, the dollar quickly erased its losses …
Inflation came in lower-than-expected and versus the previous month, signalling a June pause on the Fed’s hiking cycle. The equity markets experienced gains, accompanied by a weakening of the dollar, following the release of the U.S. Consumer Price Index (CPI) yesterday. The U.S. CPI decreased to 4% from the previous month’s 4.9%, …
The Week Ahead: Week of 12 June (GMT+3) Tuesday, 13 June, 15:30 – US CPI (MoM) (May) According to the previous Consumer Price Index (CPI), the United States witnessed a modest increase of 0.4% compared to last month’s 0.1%. The upcoming inflation data for May is anticipated to reveal a slight cooling …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Additionally, a planned visit by the US Secretary of State has boosted indices like the HSI The Chinese government introduced an economic stimulus package, including lowering their deposit rate as soon as mid-June. Meanwhile, the U.S. Secretary of State has planned to visit China, which may improve the bilateral relationship between the …
Focus has shifted from the US debt ceiling back to macro data and the Fed’s benchmark interest rate The dollar experienced its largest daily decline in almost a month as U.S. manufacturing data and statements from Federal Reserve officials reinforced expectations of a potential interest rate hike delay. Meanwhile, the euro rebounded …
The Week Ahead: Week of 5 June (GMT+3) Monday, 5 June, 11:30 – UK Composite PMI (May) Rating agency Moody has warned that the UK is set for a mild recession, given the high inflation and borrowing costs. Inflation in the country is the highest among F7 countries, with an increase of …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
A Bipartisan Agreement To Suspend The Debt Ceiling Is Now Awaiting Approval From The U.S. Senate The House of Representatives has successfully passed a debt ceiling deal to prevent a potentially catastrophic event. However, the process is not yet complete as the bill now awaits approval from the Senate, where not all …
The US Dollar was buoyed by robust US economic data and positive market sentiment. US GDP exceeded expectations, posting a strong growth rate of 1.30% compared to the projected 1.10%. Encouraging job market data also contributed to the dollar’s strength, with Initial Jobless Claims coming in lower than anticipated at 229K. The …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Optimism In The Markets Has Seen The US Dollar Index And Equities Rising In Tandem The Dollar Index surged, buoyed by upbeat economic data, and the optimism surrounding a potential deal to raise the US debt ceiling. Prominent Republican Kevin McCarthy expressed confidence in passing a bill to increase the debt ceiling, …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
A lower-than-expected inflation has lent optimism to the markets The latest U.S. inflation figures have provided the Federal Reserve with some respite on its upcoming rate hike decision. The data for April showed a slight drop in inflation to 4.9% from 5%, easing the Fed’s dilemma. As a result, the dollar weakened …
Markets have posted a slight rally after inflation came in lower than analyst expectations even as a debt crisis looms. On Wednesday, the U.S. Bureau of Labor Statistics released the year-on-year CPI readings for April, where a rise of 4.9% came in marginally lower than economists’ expectations of 5.0%. Meanwhile, month-on-month core …
Responsibilities & Duties Develop reports in BI System (QlikView) and enhance existing reports functionality Reply to ad-hoc requests from other departments for data extracts and provide custom reports Audit existing reports performance and perform data checks Create user guides and write tech documentation for QlikView reports Provide users ‘support Requirements Good SQL …
Responsibilities & Duties Assist clients worldwide through a live chat support Answer e-mails, assist with the opening of client accounts, amend existing accounts, maintain client records and liaise with appropriate departments Demonstrate impeccable telephone etiquette and management Handle back office queries Support clients with technical and troubleshooting issues Report to the management …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 15th May 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Traders are strongly advised to look out for Friday’s Nonfarm Payrolls data, meanwhile, is estimated to be at 180K, lower than the previous month’s 236K In line with market expectations, the U.S. Federal Reserve raised interest rates by 0.25%, or 25 basis points, bringing the so-called Fed fund rate up to between …
The tech-heavy index is up over 2.7% on the day, with companies like Meta Platforms leading the rise Nasdaq led a Wall Street rally driven by robust earnings from US tech firms, despite concerns over US economic growth. Meta Platforms saw the biggest gains after forecasting quarterly revenue above estimates, citing AI’s …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The VIX dipped to its lowest level in over a year as equities trade sideways ahead of the Fed interest rate decision Asian shares traded lower, and U.S. equity futures fell as investors remained cautious after Wall Street closed with little change. The CBOE VIX volatility index hit its lowest level in …
Equities are muted as markets await the expected volatility of the earnings season US index futures cautiously climbed during the Asian market session, signalling investors’ apprehension ahead of the upcoming earnings season. Against the backdrop of growing concerns over economic slowdown and the possibility of further rate hikes, market volatility is expected …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
US Treasury yields and the Greenback dipped as investors recalibrated their expectations for rate hikes following the release of March’s Consumer Price Index (CPI), which came in below the market consensus. This unexpected dip in inflation triggered a surge in the prices of non-yielding assets such as gold and crude oil, as …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 10th April 2023 to further optimize the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Wall Street rallied following the footstep of Asian equity markets last night, pushed by tech shares as concerns over the stability of the financial system continue to ease. An increasing risk-on attitude has also muted the gold prices and the U.S. dollar while U.S. treasuries yield stays flat. Before the RBA announces …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Jerome Powell delivered a smaller size of rate hike of 25 bps which is in line with the market consensus; however, the market was hit by double assail with U.S. major indexes dropping by more than 1% and the dollar traded below $103. Firstly, Powell revealed that the Fed considered pausing the …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please note that in observance of the upcoming US Daylight Saving Time on 12 March 2023, MT4/MT5 system time zone will be switched from GMT+2 to GMT+3, there will be changes to PUPRIME’s trading schedule starting from 12 March 2023. Except from the server time changes in MT4/MT5 system, …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 20th February 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+2 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Forex Trading Can Be A Bit Overwhelming For Beginners While forex trading offers plenty of trading opportunities, it can still be a bit overwhelming for beginner forex traders. There are many different forex trading strategies used by beginner forex traders and we will take a look at some of the most commonly …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 16th January 2023 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+2 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The MetaTrader 4 (MT4) trading platform is widely used by forex traders all over the world, due to its ample benefits. Here are reasons why Forex Traders should use MT4 as their trading platform. MT4 Provides Great And Extensive Tools The MT4 platform contains more than 30 native technical indicators that reveal …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, PU Prime are happy to announce that our WTI Crude Oil Cash (USOUSD) will be optimised on 8th December 2022. This would provide clients with more stable quotations and a better trading environment. Important: There might be a slight pricing difference after the optimisation. We recommend that clients monitor …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 28th November 2022 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+2 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Gold Has Been Known As A Good Hedge Against Inflation Gold has been widely called a “safe-haven” asset as it is able to retain and increase in value despite times of market turbulence or inflation. Many investors turn to gold trading because of that. However, it is inevitable that there could still …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, PU Prime are happy to announce that our Brent Crude Oil Cash (UKOUSD) will be optimised on 8th November 2022. This would provide clients with more stable quotations and a better trading environment. Important: There might be a slight pricing difference after the optimisation. We recommend that clients monitor …
Dear Valued Client, Please note that in observance of the upcoming Daylight Saving Time in US, there will be changes to PU Prime’s trading schedule from 7th November 2022. . Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+2 (Server Time in MT4/MT5.) Please note …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
UK Prime Minister Liz Truss resigned last week, making her the UK’s shortest-serving PM at just 44 days in office. Truss’ term has been plagued by criticism for her mini budget program, which included the biggest tax cuts since 1972, but would be largely funded by a massive expansion in borrowing. The …
PU Prime has bagged yet another award in a long string of accolades this year – the Best Customer Service Award, given at Forex Expo Dubai 2022. The largest event in the Middle East for traders, investors, and Forex industry players, the Forex Expo combines an exhibition of industry leaders, insightful conferences, …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 10th October 2022 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
As risk appetites move ever lower and the US dollar soars, sovereign currencies are seeing the effects of global economic uncertainty. The pound has hit a record low against the greenback after the UK government introduced a new stimulus package just after the appointment of conservative party candidate Liz Truss as Prime …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that Please be advised that there will be optimisation on all our US Share CFD products starting from 19th September 2022 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates are provided in GMT+3 (Server …
The US will be joining its G7 peers in placing a price cap on crude coming out of Russia in a bid to both limit the Kremlin’s ability to fund its war, while cooling inflation and oil prices. The price cap has been set to take effect 5 December, the same time …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
The Group of Seven, 7 of the world’s richest countries, has agreed to put a global price cap on Russian oil, potentially cooling oil prices while hitting the revenue of Russia. The cap is planned to be enacted around the same time as the EU sanctions on Russian oil, which will come …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the leverage on all US Share CFDs products will be adjusted starting from 29th August 2022 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) If …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
On Tuesday evening (GMT+3), the US Consumer Price Index (CPI) for July was released, showing a year-on-year growth of 8.5% – lower than the expected growth of 8.7% and the previous month’s increase of 9.1%. Core CPI, which excludes volatile categories like food and energy, comes in at an increase of 0.3% …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that t the commission of all US Share CFDs products will be decreased to 0 USD per transaction starting from 8th August 2022 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates are provided in …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Elon Musk has pulled out of a protracted and tumultuous bid to purchase social media platform Twitter, making the announcement through an SEC filing. The deal was first proposed by Musk after he revealed that he had accumulated over 9% of Twitter earlier this year. Should the deal have gone through, Musk …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
On Wednesday afternoon (GMT+3), the US Consumer Price Index (CPI) figures for June were released, showing that consumer prices grew by 9.1% year-on-year, the fastest pace of inflation growth since November 1981. This is higher than the forecast of 8.8% and May’s figure of 8.6%. Meanwhile, Core CPI increased 0.7% month-on-month, higher …
On Thursday evening (GMT+3), the US Initial Jobless Claims data was released, showing that 235,000 people filed for unemployment insurance for the first time in the week of July second. This is the highest since January this year, and up from the forecasted 230,000 and the previous month’s 231,000. Continuing claims, whose …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
21 June 2022 – Coming in hot after winning multiple prizes for the MENA region for 2021, online trading platform PU Prime is proud to announce that it has been awarded the Best Mobile Trading App Europe 2022 and Best Affiliate Partnership Program Europe 2022 at the International Business Awards 2022. Organised by the Dubai-based International …
Dear Valued Client, Please be advised that there will be some adjustments on all US Share CFDs products to further optimise the competitiveness and improve the trading environment. Minimum lot will be adjusted effective from 27th June 2022. Note: Clients who have open positions overnight for US Shares products before the effective …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, With FACEBOOK INC-A (FB) has changed its corporate name to Meta Platforms Inc. (META) as part of a major rebrand, PU Prime will update the symbol to META effective from 20th June 2022. Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
Joining the list of countries – like Poland and Bulgaria – affected by retaliatory sanctions from Russia is Finland. The country’s supply of Russian natural gas has been cut off after Helsinki officially applied to join NATO. Gasum, Finland’s state-owned gas distributor, announced that while imports had halted, they were “prepared for …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
US shares saw their largest rout in almost two years as investors exited equities on the back of poor retailer earnings results and inflation fears. Trading hours on Wednesday saw the Dow Jones Industrial Average lose 3.57% to close at 31490.07, the S&P 500 drop 4.04% to close at 3923.68, and the …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
The EU has announced a new series of sanctions in their latest proposal. Included is a plan to phase out Russian crude imports in a span of six months. This means a ban on all Russian oil, crude and refined. Enacting the sanction will be a major challenge given that Russian oil …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
On Wednesday afternoon (GMT+3), the US ADP Nonfarm Employment Change figures were announced, revealing that employment in the US rose by 247,000, lower than the forecasted increase of 395,000 and the previous month’s increase of 479,000. Markets were largely unmoved by the ADP Employment figures as participants awaited the Fed’s interest rate …
Gazprom, the Russian state-controlled energy giant, has announced that it has cut off supplies of natural gas to Poland and Bulgaria. The move is the first of its kind to result from the Kremlin’s insistence that “unfriendly countries” pay for Russian energy in rubles. Russia’s currency plunged into freefall at the onset …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
US shares plunged on Tuesday night (GMT+3) as investor fears about spiking interest rates, slowing economic growth, and rampaging inflation culminated in a rout. The S&P 500 closed the day by 2.8% lower to 4,175.20, Dow Jones slid around 800 points to 33,240.18, while the tech-heavy Nasdaq Composite plunged nearly 4% to …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& <Product Name>&<Net Volume>”which show in the balance after the close of the day before the dividend payment date. …
The Organisation of Petroleum Exporting Countries (OPEC) has warned that it would not be possible to replace the 7 million barrels of Russian oil and other liquid exports that will potentially be lost each day due to current and future sanctions. While the EU has not yet banned imports of Russian energy, …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div& < Product Name>& < Net Volume>” which show in the balance after the close of the day before …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Clients： Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Clients： Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the commission on some of the US Share CFDs products will be decreased to 0 USD per transaction starting from 28th March 2022 to further optimize the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates are provided …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
While PU Prime puts a vast amount of resources at your disposal, the large amount of information available might be a little daunting to navigate for the beginner trader. Here, we break down the available resources, and how you can use them to make informed decisions about your trading. Educational Info No …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
On Thursday, 24 February, Russian forces entered neighbouring Ukraine, sparking what some are calling the largest conflict in Europe since World War 2. Land, sea, and air forces have been sent into Ukrainian space, with the country’s foreign minister saying that the country’s capital, Kyiv, has been hit by Russian rocket strikes. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the minimum lot of opening order and leverage on all US Share CFDs products will be adjusted starting from 28th February 2022 to further optimise the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All dates are provided in …
Months of geopolitical tension between Russia and Ukraine have mounted to a pitch as governments around the world begin taking action. The US relocated its embassy in the Ukrainian capital of Kyiv to the western city of Lviv in response to the “dramatic acceleration” of buildup in Russian forces on Ukraine’s border. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
On Wednesday evening (GMT+2), the US Federal Reserve released its meeting minutes, revealing its plans for interest rate hikes, as well as a “significant reduction” in asset holdings in response to spreading inflation. However, while its outward tone might seem hawkish, the details of the minutes lacked bite without any clear signals …
Dear Valued Client, Please be advised that the leverage on all Commodities (Crude Oil) products will be adjusted according to clients account leverage range between 100:1 to 500:1 starting from 21st February 2022 to further optimize the competitiveness and improve the trading environment. Please refer to the table below for adjustment: *All …
On Thursday (GMT+2), the US released its Consumer Price Index data (CPI) for January. Results showed that inflation, as measured by the CPI, increased by 7.5% year-on-year, beating out the forecasted 7.3% and posting the highest gain since 1982. The results also mark an increase of 0.6% from December, continuing the fourth …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
On Wednesday afternoon (GMT +2), the US ADP Nonfarm Employment data was released. The results showed that private U.S. payrolls fell by 301,000 in January 2022, the largest drop since April 2020, and far from the gain of 207,000 estimated by economists polled by Dow Jones. This is the first time in …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
On January 12 (Wednesday) afternoon (GMT+2), the United States announced its year-on-year, not seasonally-adjusted Consumer Price Index (CPI) for December. US CPI rose 7% in 2021, the largest 12-month gain since 1982, according to data released by the Labor Department. CPI rose 0.5% month-on-month in December, slightly beating the market expectations of …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, To further optimize the competitiveness and improve the trading environment, please be advised that the leverage on all Indices products will be adjusted according to your account leverage range between 100:1 to 500:1 starting from 1st November 2021. Please refer to the table below for adjustment: *All dates are …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, To further optimize the competitiveness and improve the trading environment, please be advised that the leverage on all Crude Oil products will be adjusted to 333:1 starts from 25th October 2021. Please refer to the table below for adjustment : *All dates are provided in GMT+3 (Server Time in …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, To further optimize the market competitiveness of DAX30, please be advised that the benchmark DAX Index will be expanded by ten members to a total of 40 constituents from 20th September 2021. The list of ten new members are as follows:Airbus SEZalando SESiemens Healthineer AGSymrise AGHelloFresh SESartorius AG VzPorsche …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Following comments from the Swiss National Bank on their commitment to using foreign exchange interventions to stem the franc’s volatility, the well-being and safety of providing a secure trading environment to clients remains the first priority for Pacific Union. We have conducted a review of our risk management policies …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
Dear Valued Client, To further optimize the competitiveness and improve the trading environment, please be advised that the trading hours of some indices will be adjusted from 16th August 2021. Please refer to the table below for adjustment: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that the …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, To further optimize the competitiveness and improve the trading environment, please be advised that the leverage on all index products will be adjusted from 200:1 to 333:1 starts from 3rd May 2021. Please refer to the table below for adjustment : *All dates are provided in GMT+3 (Server Time …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that Pacific Union will terminate offering the product of TW50 Index Cash from 7th May 2021 because of the changes made by our Liquidity Provider. Therefore, the status of TW50 will be set to“Close Only”on 19th April 2021, and all open positions will be force-closed one …
Dear Valued Client, To provide a broader portfolio of products, Pacific Union will permanently switch our Volatility Index Cash & US Dollar Index Cash to Volatility Index Futures & US Dollar Index Futures from 20th April 2021 and 22nd April 2021 respectively. Adjusted Futures contract positions will then not be subjected to …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Please be advised that the dividends of the following index CFDs will be adjusted by upcoming ex-dividend dates. The comment for trading index CFDs will be in the following format “Div&<Product Name>&<Net Volume>” which show in the balance after the close of the day before the dividend payment date. …
Dear Valued Client, Given the market fluctuations expected to increase silver markets volatility, the well-being and safety of providing a secure trading environment to clients remains the first priority for Pacific Union. We have conducted a review of our risk management policies and decided to raise the margin requirements for Silver (XAGUSD) …
Dear Valued Client, To provide a broader portfolio of products, Pacific Union will permanently switch our US Dollar Index Futures & Volatility Index Futures to US Dollar Index Cash & Volatility Index Cash from 14th January 2021 (USDX) and 15th January 2021 (VIX) respectively. The LAST rollover for USDX will be carried …
We’re finally done analysing; and now that you know the basics of both technical and fundamental analysis it’s up to you to put your newly learnt skills to use. It depends on your trading style, your objectives, your time frame and many other factors. Don’t put yourself in a box and stick …
Dear Valued Client, As the situation surrounding U.S Election expected to increase market volatility, the well-being and safety of providing a secure trading environment to clients remains the first priority for PUPRIME. We are pleased to inform that we have conducted a review of our risk management policies ahead of the November …
Orders can be an effective tool to help you better manage your risk and should always be considered as part of your overall trading strategy. While orders can have a critical role in helping you to achieve your trading goals they cannot necessarily limit your losses. Protective orders should always be placed …
Market Summary The Pound Sterling weakened following the Bank of England’s widely expected 25-basis-point rate cut yesterday, with GBP/JPY sliding to a two-month low. Market concerns over potential stagflation—characterized by high inflation and sluggish economic growth—further pressured Sterling. Meanwhile, the U.S. dollar faced resistance near the $108.00 mark after higher-than-expected Initial Jobless …
Wednesday, 12 February 2025, 15:30 – US CPI (YoY) (Jan) The U.S. Consumer Price Index (CPI) rose 2.9% year-over-year in December, in line with market expectation and up from 2.7% in November. The uptick in number was driven by higher energy and food prices. Gasoline surged 4.4% due to supply constraints, while …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming February holidays. Please refer to the table below outlining the affected instruments: *All dates and time are provided in GMT+2 (Server Time in MT4/MT5.) Note: In the event of reduced …
Market Summary The Japanese yen has emerged as a top performer against the U.S. dollar, capitalizing on the greenback’s recent struggles amid heightened uncertainty. The yen has reached its strongest level in three months against major currencies, particularly after the Bank of Japan raised interest rates last week. Meanwhile, despite a temporary …
Fundamental Analysis * Hawkish Lift: GBP/JPY continues its downward trend as the Japanese Yen remains buoyed by expectations of a Bank of Japan (BoJ) rate hike. On the data front, preliminary government figures released on Wednesday showed that inflation-adjusted real wages in Japan increased by 0.6% year-over-year in December. Additionally, the previous …
Market Summary The market remains fixated on Donald Trump’s impending policies, which could significantly sway sentiment across multiple asset classes, including the U.S. dollar and equities. The greenback, already pressured by the delay in tariffs on Mexico and Canada, faced further headwinds after the JOLTs Job Openings report missed market expectations. Despite …
Market Summary Global risk sentiment improved as the Canadian dollar and Mexican peso rebounded sharply after U.S. President Donald Trump postponed the 25% tariffs on Canada and Mexico for 30 days. This temporary relief eased fears of immediate trade disruptions, lifting investor confidence. However, uncertainty remains as Trump’s 10% tariff on Chinese …
Market Summary Tariffs have once again become a focal point, injecting fresh uncertainty into global markets. Over the weekend, U.S. President Donald Trump issued an executive order imposing 25% tariffs on imports from Canada and Mexico, along with a 10% levy on Chinese goods. The White House signaled that these measures could …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary The U.S. dollar remained firm ahead of key central bank decisions, with USD/CAD edging higher as traders anticipated a rate cut from the Bank of Canada. Meanwhile, market sentiment stayed cautious ahead of the Federal Reserve’s policy meeting, with investors closely watching for any signals on future rate changes. Gold …
Market Summary The Nasdaq experienced a significant sell-off in the last session, plunging over 600 points (3%) amid concerns about competition from China’s DeepSeek. This open-source AI model, positioned as a cost-efficient alternative to U.S.-developed models like OpenAI’s ChatGPT, has fueled market apprehensions about its potential disruption to the tech sector. Adding …
Fundamental Analysis * Tariff Turmoil: The Euro has declined against the U.S. dollar as markets continue to process concerns over tariff threats and the ongoing trade war. Trade war tensions resurfaced after a weekend exchange between U.S. President Donald Trump and Colombia regarding migrant deportations. Although the threat ultimately amounted to rhetoric, …
Market Summary This week, the financial market remains focused on the U.S. dollar, which has been heavily influenced by Donald Trump’s statements and proposed tariff policies. The president-elect recently threatened Columbia with high tariffs over immigration issues, adding support to the dollar’s strength. Meanwhile, attention is on Wednesday’s FOMC interest rate decision, …
Market Summary The market is focused on the upcoming Bank of Japan (BoJ) interest rate decision, with expectations of a 25 bps rate hike, potentially raising rates to an 18-year high. However, Japanese equities have rallied ahead of the announcement, suggesting the decision is already priced in, which may limit its impact …
Tuesday, 28 January 2025, 17:00 – US CB Consumer Confidence (Jan) The U.S. Conference Board Consumer Confidence Index experienced a sharp drop in December, falling by 8.1 points to 104.7 from November’s 112.8, and coming in below economists’ forecast of 112.9. This significant decline highlights growing concerns about the economic outlook. The …
Market Summary The excitement surrounding Donald Trump’s return to the White House subsided in the last session, with both the dollar and Wall Street trading in a more subdued manner. Attention now shifts to tomorrow’s Bank of Japan (BoJ) interest rate decision. If the BoJ raises rates to an 18-year high, it …
Dubai, UAE – January 21, 2025 – PU Prime has been honored with the Best Multi-Asset Broker – MEA 2025 award at a prestigious ceremony held at the Dubai World Trade Centre. The award was presented at the conclusion of the first day of iFX EXPO Dubai 2025, one of the largest …
Market Summary Wall Street surged after reopening from Monday’s public holiday, fueled by optimism surrounding Trump’s administration, which is anticipated to support equities as in his previous term. The Dow Jones led the rally, gaining over 500 points and marking a 5% recovery from its three-month lows, signaling a potential bullish trend …
Fundamental Analysis * Wrong Footing: The pound sterling strengthened against the US dollar following new comments on tariffs by President Trump. On Monday, the US Dollar experienced a sharp correction, dropping over 1% on the index. This came after it was revealed that tariffs were not included in the executive orders signed …
Dear Valued Client, We are pleased to announce the launch of MT5 accounts linked to PU Social on 3 February 2025, which will further enhance our competitiveness and provide clients with a wider selection of copy trading platform options. Please refer to the table below outlining the supporting platform and server information: …
Market Summary The U.S. dollar experienced heightened volatility as markets reopened following Monday’s U.S. public holiday. Initially, the Dollar Index declined by over 1% during the Sydney session, reflecting market sentiment that President Donald Trump might delay imposing tariffs. However, the narrative shifted dramatically when Trump took executive action to announce a …
Fundamental Analysis * Trump Takeover: Gold prices saw a moderate rise as the U.S. dollar weakened following Donald Trump’s speech, where he toned down his aggressive tariff stance. This shift alleviates concerns over potential inflation pressures, which could hinder the Federal Reserve’s ability to ease monetary policy. President Trump also declared a …
Market Summary The U.S. equity market stalled after its recent rally spurred by last Wednesday’s softer-than-expected U.S. CPI reading. The Dow Jones Industrial Average appears to lack bullish momentum, suggesting the potential for a pullback to fill the gap created during the post-CPI surge. As Wall Street transitions into the first quarter …
Fundamental Analysis * Trump Takeover: The euro weakened against the dollar as the greenback strengthened in anticipation of Donald Trump’s inauguration. Investors are optimistic about Trump’s forthcoming economic policies, expecting measures that could bolster U.S. economic growth and inflation, ultimately benefiting the dollar. Analysts believe that these policies, while potentially triggering global …
Market Summary Wall Street’s rally paused after gaining momentum from Wednesday’s softer U.S. CPI data, as investors brace for increased volatility heading into the Q1 earnings season next week. In the forex market, dovish remarks from Fed Governor Christopher Waller, suggesting support for continued rate cuts, dampened the dollar’s strength. This sentiment …
Market Summary Wall Street’s rally paused after gaining momentum from Wednesday’s softer U.S. CPI data, as investors brace for increased volatility heading into the Q1 earnings season next week. In the forex market, dovish remarks from Fed Governor Christopher Waller, suggesting support for continued rate cuts, dampened the dollar’s strength. This sentiment …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers and PAMM Portal on the following dates and times: 18 January 2025 00:00 hrs. (GMT+2) to 03:00 hrs. (GMT+2) 18 January 2025 07:00 hrs. (GMT+2) to 12:00 hrs. (GMT+2) Access to MT4/MT5 Live and Demo accounts including through PU Prime Apps …
Fundamental Analysis * Ceasefire Chill: Crude oil prices have dipped amid expectations of a halt in Houthi attacks on shipping in the Red Sea, following a ceasefire agreement in the Gaza conflict between Israel and the militant group Hamas. Maritime security officials stated on Thursday that the Houthi militia is likely to …
Market Summary The U.S. CPI reading released yesterday came in below market expectations, reigniting speculation of continued Federal Reserve rate cuts in 2025. As a result, the dollar fluctuated but remained near its recent lows. However, with President-elect Donald Trump’s inauguration approaching, this event could potentially strengthen the dollar in the coming …
Bonds and stocks are known as the building blocks of the financial world. They offer individual traders and investors a way to grow their wealth, diversify portfolios, and achieve short- and long-term financial goals. Bonds and stocks fall under the same umbrella of investments, but they differ slightly from each other, making …
Market Summary The market remains steady as traders await the release of the highly anticipated U.S. CPI data today, a crucial gauge for inflation trends and potential monetary policy moves. Recent U.S. economic indicators suggest that the Federal Reserve may keep interest rates unchanged through the first quarter of 2025, making today’s …
PU Prime is thrilled to announce its latest promotion, Feather Your Trades, designed to provide traders with the support they need to recover from setbacks and trade with renewed confidence. From 15 January to 15 February 2025, PU Prime clients can take advantage of Trade Loss Vouchers, helping to cushion losses and …
Market Summary As President-elect Donald Trump’s inauguration approaches, the market is keenly monitoring developments tied to his proposed policies, leading to notable market reactions. The U.S. dollar underwent a technical correction yesterday, driven by sentiment that the robust U.S. economy does not necessitate Trump’s aggressive protectionist measures. This perceived policy moderation allowed …
Market Summary The U.S. Nonfarm Payrolls report last Friday exceeded expectations at 256k, with unemployment improving to 4.1%. These data points reinforced expectations that the Fed may adopt a more cautious stance while extending its rate cut path, providing strength to the U.S. dollar. However, Wall Street faced significant losses, with all …
Fundamental Analysis * Sanction Shockwave: Oil prices surged to their highest levels in over three months during Monday’s opening, continuing their upward momentum amid expectations that expanded U.S. sanctions will disrupt Russian crude exports to major importers China and India. On Friday, the U.S. Treasury announced sanctions against Russian oil producers Gazprom …
Market Summary The dollar index remains elevated in recent highs as markets await the highly anticipated U.S. Nonfarm Payrolls (NFP) data today. This key job report will provide insight into the Fed’s hawkish stance and its impact on dollar strength. With the NFP expected at 164k, a higher-than-anticipated reading could drive the …
Fundamental Analysis * Deflation Drag: The New Zealand Dollar remains under pressure against the U.S. Dollar, as a stronger greenback and concerns over deflation in China weigh on the Kiwi. On the U.S. side, Federal Reserve officials have maintained a cautious approach this year due to inflation risks and uncertainties under the …
At PU Prime, we’re always striving to enhance the experience we offer our clients, and today we’re excited to unveil our newly revamped website. This upgrade is more than just a visual makeover, it’s designed to provide an intuitive, seamless, and dynamic browsing experience, ensuring that every user, whether a trader or …
Market Summary Yesterday’s market focus was dominated by U.S. economic indicators and the release of the Fed meeting minutes. The dollar experienced mixed movements, pressured by a weaker-than-expected U.S. ADP Nonfarm Employment Change but supported by better-than-expected Initial Jobless Claims data. The Fed minutes revealed a cautious stance, as members acknowledged the …
Fundamental Analysis * Yen-tervention Jitters: The GBP/JPY pair has resumed its decline, retreating amid concerns over potential market intervention by Japanese authorities to support the yen. Reports indicate that Japan’s Finance Minister, Katsunobu Kato, issued verbal warnings on Tuesday, stating that the government would take appropriate measures against excessive currency movements, including …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump’s inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend. Positive U.S. economic data, …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming January holidays. Please refer to the table below outlining the affected instruments: *All dates and time are provided in GMT+2 (Server Time in MT4/MT5.) Note: In the event of reduced …
Market Summary Canadian Prime Minister Justin Trudeau announced his resignation after nine years in office, leaving the Canadian dollar relatively steady as markets look forward to new leadership. Meanwhile, the U.S. dollar faced downward pressure amid reports that President-elect Donald Trump may ease tariff policies on imported goods, reducing concerns over trade …
Market Summary Wall Street surged in the last session, buoyed by a strong performance in tech stocks, with the Nasdaq Composite climbing 1.70%. However, investor focus this week shifts to key U.S. economic data, including the Nonfarm Payrolls (NFP) report scheduled for Friday, which could provide insights into the Fed’s monetary policy …
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Market Summary The U.S. dollar extended its rally, with the Dollar Index (DXY) surging to 109.00 for the first time since November 2022 following upbeat economic data. While U.S. PMI readings remained below the 50 threshold, they exceeded market expectations. Meanwhile, Initial Jobless Claims fell to 211,000—the lowest since May 2024—signaling a …
Fundamental Analysis * Doves Drive the Pound: The GBP/JPY pair has declined sharply as growing expectations of a dovish Bank of England (BoE) continue to pressure the pound sterling. BoE Governor Andrew Bailey emphasized that a “gradual” strategy for cutting interest rates remains appropriate, countering market expectations for fewer rate reductions in …
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Market Summary The U.S. dollar delivered a strong performance in 2024, with the dollar index gaining approximately 7%, and it started 2025 on a positive note, hovering near its recent highs. The dollar remains supported by the Fed’s cautious approach to monetary policy, with hawkish expectations weighing on equities. Wall Street is …
Fundamental Analysis * Dollar Dominant: The Euro continued to decline against the dollar during the Asian session as trading volumes remained light, with markets gradually recovering from the New Year holiday. The Euro struggled to find buyers due to robust U.S dollar which was bolstered by a less dovish Federal Reserve. The …
Market Summary Wall Street continued its downward trend, pressured by expectations of a more hawkish Fed policy in the near term. However, traders are anticipating a potential “Trump Trade” rally, as Donald Trump’s upcoming inauguration in January may boost sentiment in the equity markets. Meanwhile, the U.S. dollar found support and rebounded …
Market Summary The financial market remains exceptionally quiet as the New Year holiday approaches, with most asset classes trading in a sideways manner. The dollar index has also been range-bound since last Monday, but the U.S. Treasury yield continues to climb, reaching its highest level since May—a factor that could potentially strengthen …
Fundamental Analysis * Gold might rise due to uncertainty ahead: Gold prices (XAU/USD) remain buoyant near $2,625 as global geopolitical and economic uncertainties heighten safe-haven demand. Rising concerns over Donald Trump’s trade policies, escalating Middle East tensions, and the ongoing Russia-Ukraine conflict are likely to sustain upward pressure on gold. However, the …
Market Summary The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback’s upward trajectory. Oil prices retreated during holiday trading due to dollar strength and profit-taking …
Thursday, 2 January 2025, 09:00 – US ISM Manufacturing PMI (Dec) The latest U.S. ISM Manufacturing Purchasing Managers’ Index (PMI) for November 2024 was 48.4%, exceed market expectation of 47.7 and also up from 46.5% in October. This indicates a continued contraction in the manufacturing sector, though at a slower pace. The …
Fundamental Analysis * Holiday Hush: The Euro drifted lower against the U.S. dollar amid subdued trading activity, as many traders remained on holiday ahead of the New Year. Sentiment was dampened by a dovish tone from the European Central Bank (ECB), with Governing Council member Boris Vujcic indicating that further rate cuts …
Dear Valued Client, PU Prime will optimise its PU Social performance fee features from 1 January 2025 to ensure a more transparent and fair copy trading environment. Please refer to the table below for more details: *All dates are provided in GMT+2 (Server Time in MT4/MT5.) Note: Starting from 1 January 2025, …
Market Summary The Dollar Index held steady amid subdued holiday trading but maintained a positive trajectory, reflecting hawkish sentiment from the Federal Reserve. Fed officials signaled potential policy tightening in 2025, supported by a resilient economic recovery, keeping investors focused on upcoming US economic indicators for further direction. Gold prices consolidated near …
Fundamental Analysis * Rate Hike Skepticism: The Japanese Yen struggles to find buyers against the U.S. Dollar as investors remain doubtful about the Bank of Japan’s (BoJ) plans for a rate hike. Minutes from the BoJ meeting, released on Tuesday, highlighted the potential for gradual rate increases if inflation trends align with …
Market Summary The Dollar Index remained flat as markets slowed down for Christmas, with limited economic data revealing continued contraction in the US manufacturing sector. Gold prices stayed stagnant during thin holiday trading, weighed down by the Fed’s cautious stance on reducing borrowing costs, keeping a bearish tone in the market. US …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming New Year’s holidays. Please refer to the table below outlining the affected instruments: *All dates and time are provided in GMT+2 (Server Time in MT4/MT5.) Note: In the event of …
* Wall Street edged higher in the last session before the market closed for the Christmas holiday. * The U.S. Dollar rebounded as the market perceived a more hawkish approach from the Fed in the near term. * The Pound Sterling was hammered by the low GDP reading coupled with the recent …
* The dollar slid after the lower-than-expected PCE reading was released last Friday. * Keep an eye on today’s UK GDP and its implications for the pound sterling. * The crypto market is weighing on excessive downside pressure, and both BTC and ETH remain in a bearish trajectory. Market Summary The U.S. …
Fundamental Analysis * Dovish Note: The GBP/JPY pair remains steady, edging higher as it is influenced by recent dovish expectations surrounding the Bank of Japan (BoJ). The BoJ maintained its benchmark interest rate at 0.25%, with Governor Ueda offering no clear indication of a potential rate hike in January, contrary to some …
Market Summary Following the hawkish remarks from the Fed on Wednesday after the interest rate decision, the upbeat U.S. economic indicators released yesterday have further boosted the U.S. dollar, driving it to a two-year high and suggesting a bullish outlook for the greenback. Additionally, the U.S. long-term treasury yield is nearing the …
Monday, 23 December 2024, 09:00 – UK GDP (YoY) (Q3) In November, the UK’s preliminary GDP reading for the third quarter of 2024 showed a 1.0% increase, surpassing market expectations of 0.1% and improving on the previous quarter’s 0.7% growth. This expansion was driven by various sectors, with the services sector—representing a …
Market Summary The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve’s hawkish stance. Jerome Powell’s remarks signaling fewer rate cuts in 2025 and the expectation that the Fed funds rate will remain near the 4% level to curb inflation drove the U.S. dollar higher. …
Fundamental Analysis * • Hawkish Note: The euro edged slightly higher against the dollar, showing modest gains but lacking strong momentum following the release of the latest EU Manufacturing PMI data. According to the Hamburg Commercial Bank (HCOB), the Eurozone Manufacturing PMI improved to 45.2 in December, surpassing the forecast of 45.0. …
Introduction In the world of trade, commodities are essential raw materials that can be bought, sold, or traded. These assets are the beating heart of global trade and are valued on the basis of their innate quality rather than the name of the brand or degree of product enhancement. Commodities are exchanged …
Short selling, often referred to simply as “shorting,” is a trading strategy that allows investors to profit from a decline in a stock’s price. Unlike traditional investing where you buy a stock anticipating its value will rise, short selling is essentially betting against a stock. This means you make money when the …
Understanding The Foundation of Forex Trading Forex trading is one of the most dynamic and liquid financial markets globally, with daily trading volumes exceeding trillions of dollars. At the core of this market lies the concept of the pip—short for “percentage in point” or “price interest point”—the smallest price movement in a …
In the world of technical analysis, chart patterns act as a trader’s roadmap, helping anticipate price movements and make data-driven decisions. Among the most reliable and versatile continuation patterns is the Bull Flag Pattern—a powerful signal indicating the likelihood of an asset’s price continuing its upward trend. The Bull Flag Pattern is …
In the ever-dynamic Forex market, where volatility reigns supreme, candlestick patterns serve as a powerful tool to anticipate price movements and guide trading decisions. Among these, the Shooting Star Candlestick Pattern stands out for its reliability in signalling potential bearish reversals. With its distinct structure and significant implications, the Shooting Star pattern …
Whether you’re a beginner exploring fixed-income investments, or an experienced investor looking to diversify your portfolio, this guide offers valuable insights into bonds, their benefits, and how to navigate the bond market effectively. What are Bonds? Bonds are a cornerstone of the financial markets, offering a dependable way for investors to generate …
Forex leverage is a fundamental concept in currency trading that empowers traders to control substantial positions with a relatively small amount of capital. By utilising leverage, traders can amplify their potential profits from market movements that would otherwise yield minimal returns due to the typically low volatility in forex prices. However, this …
An Inverted Hammer candlestick is one of the most famous charting tools in technical analysis. It is used to identify a potential reversal pattern from bearish to bullish. This trend may occur after a downtrend or a corrective phase within an uptrend, which suggests that selling pressure may slowly decrease and a …
Market Summary Ahead of the Fed’s interest rate decision today, the U.S. dollar maintained its recent high levels, while Wall Street faced downside risk. This market sentiment was largely driven by the U.S. retail sales data, which came in higher-than-expected and reinforced hawkish expectations for the Fed’s upcoming decision. Among the major …
Market Summary The U.S. dollar remained stable in yesterday’s session ahead of the Fed’s interest rate decision, which is scheduled for tomorrow. The market widely expects a 25 basis points rate cut, which has already been priced in. However, traders are closely watching today’s U.S. Retail Sales data to gauge the strength …
Introduction Options are financial contracts that give the holder the right to buy or sell a financial product at a specific price for a certain period of time. Options trading offers a range of strategies that the investors can use according to their choice of market. The most popular option trading strategies …
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The falling wedge screener is a bullish chart pattern that indicates an approaching breakout, potentially altering the downward trend to an upward trend. This type of pattern is classified by two downward-sloping parallel trend lines that converge towards a point where the price action gradually develops lower highs and lower lows. While …
A forex trading strategy is a systematic plan that guides traders on when to buy or sell currency pairs in the foreign exchange market. It serves as a roadmap, helping traders navigate the complexities of forex trading by outlining specific rules and methodologies tailored to their goals and risk tolerance. Developing a …
Introduction What is a pair trading strategy? Pair trading is a market-neutral strategy involving the simultaneous buying and selling of two correlated assets. In other words, this strategy involves matching two correlated assets, where one has a long position, and the other has a short one. This strategy is based on identifying …
Introduction The term “breakout trading strategy” is very famous worldwide, and traders use it daily to gain profits. But what is a breakout trading strategy? This strategy is a fundamental approach used by traders to capitalise on significant price movements of assets. The key point of this strategy is to enter a …
What Is Copy Trading? How Copy Trading Works Benefits of Copy Trading Risks and Considerations Choosing the Right Copy Trading Platform Top Copy Trading Strategies for Maximum Returns Case Studies and Real-World Examples Copy Trading in Forex vs. Other Markets Tips for Beginners in Copy Trading Limitations of Copy Trading Introduction What …
PU Prime is proud to announce the successful rollout of its revamped mobile application, which went live on 14 December 2024. This revamp reflects PU Prime’s commitment to delivering an unparalleled trading experience for its users, with enhanced features, cutting-edge integrations, and robust security improvements. These updates are designed to empower traders …
Market Summary Gold has declined over the past two sessions as the market braces for a pivotal Fed interest rate decision this week. Robust U.S. economic data has reinforced expectations of a hawkish stance from the Federal Reserve, bolstering the dollar and putting downward pressure on the precious metal. Should Fed officials …
Market Summary The dollar index (DXY) climbed to a two-week high, reaching the 107.00 mark, following the release of U.S. economic data. While initial unemployment claims rose to 242,000, concerns over a rebounding PPI reading have fueled speculation that the Fed may adopt a more hawkish stance ahead of next week’s monetary …
Tuesday, 17 December 2024, 15:30 – US Retail Sales (MoM) (Nov) The U.S. retail sales for October rose by 0.4% month-over-month, surpassing the market expectation of 0.3%. This marks the continuation of robust consumer spending, with retail and food services sales growing from $716.03 billion in September to $718.87 billion. Contributing factors …
Fundamental Analysis * Persistent Inflation: The pound sterling which traded against the dollar have reversed its gains and turned negative following the release of U.S. Producer Price Index (PPI) data. The report revealed that headline PPI rose to 3%, exceeding both estimates and the previous figure of 2.6%. Meanwhile, core PPI, which …
Market Summary Yesterday’s US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs. In the commodity market, Safe-haven gold benefited from the …
Ebene, Mauritius – 28 November 2024 – PU Prime, a leading global fintech company in trading and investment services, is excited to announce a new Christmas promotion, bringing holiday cheer to traders with an exclusive opportunity to win seasonal rewards. This special event offers traders exciting ways to win holiday rewards, including …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming December holidays Please refer to the table below outlining the affected instruments: *All dates and time are provided in GMT+2 (Server Time in MT4/MT5.) Note: In the event of reduced …
Market Summary Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist. Chinese …
Market Summary Chinese equities soared as top leaders signaled more aggressive stimulus measures to revitalize the economy. The Hang Seng Index and China A50 Index both rallied over 3% in the previous session, with momentum carrying into today’s trading. Oil prices rebounded from recent lows, buoyed by China’s economic revival plans and …
Fundamental Analysis * Rate Reckoning: The Euro has softened against the US Dollar as traders prepare for Thursday’s European Central Bank (ECB) rate decision. The currency’s movement has been relatively subdued in the early part of the week, with expectations of an ECB rate cut looming. Following weaker-than-expected economic data, the ECB …
Market Summary The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday’s Consumer Price Index (CPI) …
Tuesday, 10 December 2024, 05:30 – RBA Interest Rate Decision (Dec) In November 2024, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35%. The bank’s reasoning was that while inflation had significantly decreased from its 2022 peak, it was still above the target range. Headline inflation dropped …
Market Summary The Dollar Index fell against six major currencies after US jobless claims rose to 224,000, exceeding the forecast of 215,000, dampening optimism ahead of the Nonfarm Payrolls report. Profit-taking weighed on the dollar, but rising US Treasury yields, supported by hawkish Fed remarks, limited losses as investors await further clarity …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 7 December 2024 00:00 hrs. (GMT+2) until 7 December 2024 03:00 hrs. (GMT+2). Access to MT4/MT5 accountswill still be available during the server upgrading period. However. all orders of the affected products will not be executed during the server …
Dear Valued Client, PU Prime will be upgrading its PU Social App from 7 December 2024 06:00 hrs. (GMT+2) to 8 December 2024 20:00 hrs. (GMT+2). During this period, the following functionalities will be unavailable in PU Social App: Logging in. Connecting accounts. Modifying personal information. Initiating or providing copy trades. Adjusting …
Market Summary The euro traded largely unchanged after the French government was ousted in a no-confidence vote led by far-right leader Marine Le Pen. The anticipated outcome saw Prime Minister Élisabeth Borne lose parliamentary support, casting uncertainty over the next chapter of French politics, which may weigh further on the euro. Meanwhile, …
Ebene, Mauritius – As we embrace the new opportunities of 2024, the trading landscape continues to evolve, with traders seeking platforms that offer a seamless blend of innovation, security, and comprehensive market access. PU Prime has steadily gained recognition in the trading community for its robust offerings. This review dives deep into …
Market Summary The U.S. dollar held steady in the last session, with the dollar index (DXY) hovering near the 106.45 resistance level. The JOLTs job openings data exceeded market expectations at 7.744 million, yet investors adopted a cautious stance ahead of Friday’s critical Nonfarm Payrolls (NFP) report. Meanwhile, the euro recorded modest …
Fundamental Analysis * Fading Yen: The Japanese Yen was trading in negative territory against the dollar as upbeat U.S manufacturing data and job openings data this week indicated that the US economy remains robust, lifting the Greenback. The business activity in the US manufacturing sector continued to contract, albeit at a softer …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK …
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting …
Monday, 2 December 2024, 17:00 – ISM Manufacturing PMI (Nov) Last month, the US economic activity in the manufacturing sector contracted once again, marking the seventh consecutive month of decline and the 23rd contraction in the past 24 months. The Manufacturing PMI dropped to 46.5 percent, down from 47.2 percent in September, …
Dear Valued Client, PU Prime will launch MT4 & MT5 Server Version Upgrade to the latest version from 30 November 2024 00:00 hrs. (GMT+2) to 30 November 2024 12:00 hrs. (GMT+2) to provide a better and more reliable trading environment. Access to MT4/MT5 Live and Demo accounts including through PU Prime Apps …
Market Summary The Japanese yen strengthened further following an upbeat Tokyo CPI reading above 2%, reinforcing expectations of a potential BoJ rate hike. USD/JPY fell below the 150 level as market sentiment shifted. Meanwhile, the dollar remained subdued after Wednesday’s PCE report, with the Dollar Index retreating from the 106 mark, reflecting …
Fundamental Analysis * Japanese Yen Bullish Trend Continues? The Japanese yen continued to strengthen as robust inflation data fueled speculation of a near-term interest rate hike. The Tokyo Consumer Price Index (CPI) for November surged to 2.6%, up from 1.8% in October, while the core CPI (excluding fresh food and energy) climbed …
Market Summary The U.S. Personal Consumption Expenditures (PCE) report, released yesterday, met market expectations but failed to deliver any surprises, resulting in continued weakness in the U.S. dollar. Simultaneously, long-term Treasury yields fell to their lowest levels in November. In contrast, the Japanese yen and euro emerged as the strongest currencies amid …
Fundamental Analysis * Hawkish Expectations from the BoJ? The Japanese Yen has strengthened to a three-week high against both the U.S. Dollar and Pound Sterling as markets anticipate tighter monetary policy from the Bank of Japan (BoJ). Prime Minister Shigeru Ishiba’s push for significant wage increases during the upcoming “Shuntō” negotiations has …
Fundamental Analysis * Canada Dollar Weakness Amid Economic Concerns: The Canadian Dollar is under pressure due to growing pessimism surrounding Canada’s economic outlook. U.S. President Donald Trump’s recent announcement of potential significant tariffs on Canadian goods has raised concerns about a slowdown in Canada’s economic growth. In addition, the persistent drop in …
Market Summary Ahead of today’s U.S. PCE reading, most asset classes remained steady as markets await direction. A higher-than-expected reading could bolster the dollar, pressuring other assets. Meanwhile, Wall Street extended gains, with the Dow Jones hitting a fresh all-time high. In forex, the New Zealand dollar unexpectedly rallied to its weekly …
Fundamental Analysis * Tariff Impositions Weigh on Stock Prospects: President-elect Donald Trump’s announcement of potential tariffs on Chinese imports could significantly impact China’s economic progression and Chinese-related stocks. This sentiment has further diminished market risk appetite, triggering a selloff in the Hang Seng Index. Trump’s plan to impose an additional 10% tariff …
Market Summary The U.S. Dollar faced a sell-off during the Asian session as market sentiment shifted with speculation around Donald Trump’s potential Cabinet appointments. Reports suggest Scott Bessent may be considered for Treasury Secretary, a move viewed as bond-market friendly, leading to lower Treasury yields and pressuring the dollar. Despite this, the …
Fundamental Analysis * Surging Conflict: Crude oil prices, traded in dollars, surged to a two-week high as the escalating war in Ukraine heightened the market’s geopolitical risk premium. The conflict intensified after Britain and the U.S. authorized Kyiv to carry out deeper strikes into Russian territory using their missiles. In response, President …
Taichung, Taiwan – 23 November 2024 – PU Prime, a leading global fintech company specialising in trading and investment services, has added another milestone to its distinguished track record by clinching two prestigious awards at the 2025 Financial Trends Forum held in Taiwan. Organized by Business Today and FX GOLD, the event …
Tuesday, 26 November 2024, 17:00 – US CB Consumer Confidence The latest U.S. CB Consumer Confidence Index for showed a strong improvement to 108.7, surpassing both the forecast of 99.5 and the previous month’s 99.2. This rebound indicates heightened optimism among U.S. consumers about current and future economic conditions. Key drivers included …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 23 November 2024 00:00 hrs. (GMT+2) until 23 November 2024 03:00 hrs. (GMT+2). Access to MT4/MT5 accounts will still be available during the server upgrading period. However. all orders of the affected products will not be executed during the …
Market Summary The financial market’s focus remains locked on escalating tensions in Eastern Europe after Ukraine launched long-range British missiles into Russian territory, significantly heightening geopolitical risks. This development has intensified demand for safe-haven assets, with gold rallying over 3% since the start of the week. Analysts expect the bullish momentum in …
Fundamental Analysis * Dollar Dominance: The Canadian Dollar faces challenges in maintaining its gains as the U.S. Dollar strengthens, driven by increasing skepticism about the pace of Federal Reserve rate cuts. Speculation is mounting that the Fed might adopt a more gradual approach to easing rates. Chicago Fed President Austan Goolsbee suggested …
Promotion has ended, for more recent promotions, refer to https://www.puprime.com/promotions The holiday season is approaching, and PU Prime is spreading festive cheer with an exclusive Christmas Promotion! This special event offers traders exciting ways to win holiday rewards, including Deposit Vouchers, Trade Loss Vouchers, Credit Bonus Vouchers, and more. Not only that, but …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming Thanksgiving holidays. Please refer to the table below outlining the affected instruments: *All dates and time are provided in GMT+2 (Server Time in MT4/MT5.) Note: In the event of reduced …
Fundamental Analysis * Greenback Pause: The Canadian Dollar shifted to a bullish tone, regaining ground against the greenback. The move is driven less by demand for the Loonie and more by a pause in the recent dominance of US Dollar buying. With US data remaining subdued this week, markets are enjoying a …
Market Summary Bitcoin surged past $90,000, with a 30% rally since the U.S. election and the crypto market cap exceeding $3 trillion. However, momentum has slowed as investors digest earlier gains. Meanwhile, gold prices rebounded on renewed safe-haven demand driven by trade and political uncertainties, providing support despite pressure from higher Treasury …
Fundamental Analysis * Surging Conflict: Gold prices have rebounded amid escalating geopolitical tensions in the Middle East and the ongoing Ukraine conflict, driving increased demand for safe-haven assets. On Sunday, November 17, Israeli airstrikes reportedly killed dozens in Gaza, according to local civil defense sources, and targeted a central district in Beirut. …
Market Summary The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May. This suggests a resilient job market, potentially leading to stickier inflation and increasing the likelihood of a more hawkish Fed stance in …
Tuesday, 19 November 2024, 12:00 – Eurozone CPI (YoY) (Oct) In October, annual inflation in the Eurozone rose, with the preliminary Eurozone CPI reading climbing to 2% from 1.7% in September, according to Eurostat. The main contributors to this increase were higher prices in services, food, alcohol, and tobacco. The European Central …
Market Summary The U.S. CPI release aligned with market expectations at 2.6%, reflecting a rebound in inflation within the country. Coupled with Donald Trump’s election victory, this trend strengthens the likelihood of the Fed maintaining a restrictive stance to counter inflationary risks. This cautious Fed outlook contributed to a pause in Wall …
Market Summary The treasury market experienced intensified sell-off pressure, driving yields higher and boosting dollar strength in recent sessions. The Dollar Index (DXY) reached the 106.00 mark for the first time since June, with all eyes on the upcoming U.S. CPI reading, which could be pivotal for the dollar’s trajectory. Rising yields …
Fundamental Analysis * Jobless Surge: The pound has slid against the dollar after disappointing UK employment data. The Office for National Statistics (ONS) revealed that the ILO Unemployment Rate rose to 4.3% in the three months ending in August, up from 4.0% and exceeding forecasts of 4.1%. During this period, UK employers …
Market Summary The U.S. dollar extended its rally, reaching a four-month high after Trump’s presidential election victory. However, a pivotal test awaits on Wednesday with the release of U.S. CPI data, which could significantly impact the dollar’s trajectory. Wall Street remained robust, with the Dow Jones hitting an all-time high of 44,484 …
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at …
Market Summary The market’s focus was on the Fed’s interest rate decision, which saw the U.S. central bank reduce rates by 25 basis points, in line with market expectations. This rate cut weighed on the dollar, causing the Dollar Index to decline to a critical level near 104.30. Similarly, the BoE also …
Tuesday, 12 November 2024, 09.00 – German CPI (MoM)(Oct) Germany’s Consumer Price Index (CPI) for October 2024 rose by 0.4% month-on-month, surpassing the market’s expectation of a 0.2% increase and marking a recovery from the flat performance in September. This uptick was primarily driven by higher service prices and a rebound in …
Market Summary The market has responded decisively to the U.S. presidential election results from November 5, which confirmed Donald Trump’s re-election, fueling what’s now dubbed the “Trump trade.” The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July. Wall Street also rallied sharply in the previous …
Fundamental Analysis * Trump Triumph: Gold prices have plunged following Donald Trump’s win in the 2024 presidential election, which has driven both the dollar and Treasury yields higher. Treasury yields surged on expectations that a second Trump administration may introduce policies, like tariffs, likely to spur inflation, potentially prompting the Fed to …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary As vote counting for the U.S. election continues, Donald Trump is currently leading, which has spurred a “Trump trade” sentiment in financial markets. This momentum has caused the U.S. dollar to surge, with the Dollar Index jumping nearly 1%. Wall Street responded positively as well, with both major indices closing …
Fundamental Analysis * Raging Rafael: Oil prices have soared, driven by anticipated supply disruptions in the U.S. as Tropical Storm Rafael heads toward the Gulf of Mexico. Forecasts indicate that Rafael may strengthen into a category 2 hurricane, possibly halting around 4 million barrels of U.S. oil output this week. Major energy …
Market Summary Today’s U.S. presidential election is set to be a pivotal event, with polls indicating a tight race that could delay the final vote count and heighten market volatility. Analysts suggest that a Kamala Harris win could bring stability to the dollar, while a Trump re-election may boost its strength. The …
Fundamental Analysis * Rate Cut In Sight: The Canadian Dollar continue to weaken against the dollar as the Bank of Canada is expected to cut interest rates. BoC Governor Tiff Macklem opened doors for another 50 basis points (bps) interest rate reduction in December. “We’ve demonstrated we’re prepared to do a 50-basis-points …
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled …
Executive Summary The 2024 U.S. Presidential Election is a critical event with anticipated effects on forex and commodities markets, particularly for the U.S. dollar and gold. Each candidate’s economic policy direction—Donald Trump’s nationalistic trade stance and Kamala Harris’s focus on infrastructure and social programs—presents unique implications for these asset classes. As volatility …
Ebene, Mauritius – 1 November 2024 – PU Prime, a leading global fintech company in trading and investment services, is proud to announce the launch of its Environmental, Social, and Governance (ESG) initiative, marking a significant step in the company’s commitment to driving positive social impact worldwide. The first project of this …
Tuesday, 5 November 2024, 05.30 – RBA Interest Rate Decision (Nov) The latest update from the Reserve Bank of Australia (RBA) shows that rates were held steady at 4.35% for the seventh meeting in a row in September, reflecting its cautious approach amid mixed economic signals. Under the leadership of Governor Michele …
Fundamental Analysis * Hawkish Shift: The Japanese Yen has gained strength against the dollar following hawkish remarks from BoJ Governor Kazuo Ueda, hinting at a potential rate increase. During its Thursday meeting, the Bank of Japan (BoJ) chose to keep short-term interest rates steady at 0.25% and projected that inflation will stay …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers on the following dates and times: 2 November 2024 17:30 hrs. (GMT+3) to 23:30 hrs. (GMT+3) 3 November 2024 07:00 hrs. (GMT+3) to 14:00 hrs. (GMT+3)/ 13:00 hrs. (GMT+2) Access to MT4/MT5 Live and Demo accounts including through PU Prime Apps …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming November holidays. Please refer to the table below outlining the affected instruments: Note: In the event of reduced liquidity in the market, spreads might significantly increase from their normal average …
Market Summary The dollar faced pressure from the GDP reading released yesterday, which came in lower than market expectations. However, amidst prevailing risk-off sentiment, the dollar managed to find support above the $104.00 mark. Today’s highly anticipated U.S. PCE reading, the Fed’s preferred inflation gauge, is expected to provide crucial insights into …
Market Summary Gold surged to an all-time high in the last trading session, climbing above the $2,780 mark. Multiple bullish factors have fueled this rally, including intensifying geopolitical tensions in the Middle East and Eastern Europe, which have heightened demand for safe-haven assets. Additionally, as markets brace for the U.S. election, investors …
Fundamental Analysis * Kiwi Drift: The New Zealand Dollar remains under pressure, continuing its downward trend due to the dovish outlook surrounding the Reserve Bank of New Zealand (RBNZ). The RBNZ is anticipated to implement an additional 50-basis-point rate cut at its policy meeting of the year in November, with markets even …
In the complex world of trading, patterns hold significant meaning as their formation represents the sentiments of the traders. Understanding and recognising these stock chart patterns can be the difference between a bullish or a bearish trade. One such pattern is the cup-and-handle pattern (C&H), which has helped investors recognise profit-making opportunities …
Market Summary As the U.S. election draws near, safe-haven assets are gaining traction, with gold rallying back to its all-time highs and the U.S. dollar hovering close to recent peaks. Historical trends indicate that the Japanese yen tends to attract strong safe-haven demand during election years, having outperformed the dollar, Swiss franc, …
Fundamental Analysis * Gold Resillience: Gold prices trimmed earlier losses and held steady despite reduced concerns about a larger conflict impacting safe-haven demand. Tensions in the Middle East eased after Israel refrained from targeting Iran’s oil and nuclear facilities in a recent strike, which saw Iranian leaders downplay its significance, despite Tehran’s …
Market Summary Japan’s political landscape took centre stage this week after the Prime Minister called a snap election, following the ruling party’s loss of its parliamentary majority. This political uncertainty has led markets to believe the Bank of Japan may delay its next rate hike, causing the Yen to soften to a …
Fundamental Analysis * Coalition Collapse: The Japanese Yen has faced a substantial setback against the dollar due to political upheaval in Japan. Japan’s longtime ruling party has lost its majority for the first time in 15 years at Sunday’s national election, prompting concerns about the world’s fourth-largest economy and the uncertainty over …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 26 October 2024 00:00 hrs. (GMT+3) until 26 October 2024 03:00 hrs. (GMT+3). Access to MT4/MT5 accounts will still be available during the server upgrading period. However. all orders of the affected products will not be executed during the …
Market Summary The Japanese Yen is likely to weaken further as BoJ Governor Kazuo Ueda signalled no intention to raise rates in the upcoming central bank meeting, even with the yen trading near a 3-month low. Ueda expressed concern about potential economic impacts tied to the upcoming U.S. presidential election, which could …
Fundamental Analysis * Risk-Off Sentiment: In the short term, better-than-expected US economic data has shifted market sentiment, sparking a selloff in gold as investors gravitate towards riskier assets. Nonetheless, the long-term outlook for gold remains bullish, driven by heightened geopolitical tensions in the Middle East and the uncertainty surrounding the upcoming US …
Wednesday, 30 October 2024, 14.15 – ADP Nonfarm Employment Change (Oct) The U.S. private payrolls increased more than expected in September, boosted by hiring in the construction, leisure and hospitality industries, adding to the evidence of a stable labor market. Private payrolls increased by 143,000 jobs last month after rising by an …
Market Summary Wall Street was hit hard by the escalating geopolitical tensions in the Middle East, with Israel and Hezbollah exchanging heavy fire. The Dow Jones led the decline, closing around 400 points lower, marking a nearly 2% drop from its all-time peak. As earnings season progresses, market participants are bracing for …
Fundamental Analysis * Rising Odds: The British pound has continued to decline, hitting a ten-week low as dovish sentiment and growing expectations of a Bank of England (BoE) rate cut in November put pressure on the currency. Falling consumer and producer inflation figures, along with weak labor market data in the UK, …
Market Summary The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears. Investors are …
Fundamental Analysis * Rate Cut Hints: The Euro continues its decline against the dollar, hitting fresh two-month lows due to comments from European Central Bank (ECB) officials and elevated U.S. Treasury yields. ECB member Mario Centeno struck a dovish tone, suggesting the possibility of either a 50 or 25 basis point rate …
Dear Valued Client, We are pleased to announce that PU Prime will launch new products of US Share ADR CFDs on MT5 server starting from 28th October 2024 to provide clients with a broader portfolio of products. Please refer to the table below: *All dates are provided in GMT+3 (Server Time in …
Market Summary Safe-haven gold continues to trade within a bullish trajectory as traders closely watch developments in the Middle East. With the U.S. presidential election looming, demand for gold has surged due to the uncertainty surrounding the event. Meanwhile, silver has exhibited extreme bullish momentum, rising nearly 7% last week and holding …
Fundamental Analysis * Demand Doldrums: Crude oil prices remain under pressure as ongoing concerns about weak demand continue to weigh on the market. The easing of geopolitical tensions, along with softer global demand, particularly from China has kept the outlook for oil prices tilted to the downside. While China’s government has rolled …
Dear Valued Client, Please note that in observance of the upcoming end of EU/UK Daylight Saving Time on 27 October 2024, there will be changes to PU Prime’s trading schedule starting from 28 October 2024. Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (MT4/MT5 …
Market Summary Gold surged to a record high, nearing the $2730 mark per ounce, as worsening tensions in the Middle East escalated. The situation intensified after a Hezbollah drone explosion near the Israeli Prime Minister’s private residence, prompting discussions of retaliation from Israel, which fueled the safe-haven demand for gold. Similarly, silver …
Fundamental Analysis * Greenback Pause: The USD/JPY has faced selling pressure as the U.S. dollar retreated following a period of significant gains. On the Japanese side, the National Core Consumer Price Index (CPI), which excludes volatile food and energy prices, climbed to 2.1% in September, up from 2% in August. Rising inflation …
Market Summary Gold surged to the $2700 mark in the last session as heightened geopolitical risks in the Middle East spurred demand for safe-haven assets. Reports of the Israeli military killing Hamas leader Yahya Sinwar, a key figure behind the attacks that escalated into the Gaza war, have intensified market concerns, driving …
Wednesday, 23 October 2024, 15.45 – BoC Interest Rate Decision The latest Bank of Canada interest rate decision saw a 25-basis point cut on its previous meeting, bringing the key policy rate to 4.25%. This marks the third consecutive rate cut in 2024, a response to weakening economic conditions, such as reduced …
Fundamental Analysis * Weak Pound: The pound remains weak as the U.S. dollar strengthens, bolstered by stronger-than-expected U.S. economic data. U.S. Retail Sales rose by 0.4%, exceeding the 0.3% forecast and surpassing August’s 0.1% increase, with robust demand at retail and food stores and for clothing. Additionally, jobless claims dropped to 241K, …
Market Summary The Dow Jones continues its upward momentum, reaching a new all-time high as the market enters the 3rd quarter earnings season. Strong performances from mega-cap banks such as Goldman Sachs, Morgan Stanley, and Bank of America, which exceeded earnings expectations, have further fueled risk appetite in the U.S. equity market. …
Fundamental Analysis * Gold Glimmers: Gold continues to attract buying interest as market uncertainty, triggered by a dip in U.S. manufacturing data on Tuesday which could prompted a downward revision in the expected U.S. interest rate trajectory. The NY Empire State Manufacturing Index slipped into negative territory in October, registering -11.4, a …
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Market Summary Wall Street saw a retracement in the last session, with a similar sentiment spreading to the Asian markets during the Tokyo session, where the Chinese equity market led the decline. This sell-off is believed to have been triggered by ASML, the world’s most advanced chip making machines manufacturer, missing its …
Market Summary Wall Street extended its gains, with the Dow Jones and S&P 500 both continuing to reach all-time highs as the U.S. equity market enters the Q3 earnings season. Investors remain optimistic about corporate performance, fueling the ongoing rally. In contrast, the Chinese stock market struggled to find direction, with sentiment …
Market Summary The Dollar Index remains volatile as mixed economic data sparks uncertainty around Federal Reserve policy. While stronger-than-expected CPI and job numbers initially boosted the dollar, a lower-than-anticipated PPI reading has led to speculation about a cautious Fed stance on rate cuts. Investors are now awaiting retail sales data and earnings …
Fundamental Analysis * PPI Heat: The euro continues to slide against the dollar following the release of stronger-than-expected U.S. PPI data. The U.S. Core PPI rose at a faster annual rate, coming in at 2.8%, surpassing both market expectations and previous readings of 2.7% and 2.6%. This hotter-than-anticipated producer inflation, coupled with …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 12 October 2024 00:00 hrs. (GMT+3) until 12 October 2024 03:00 hrs. (GMT+3). Access to MT4/MT5 accounts will still be available during the server upgrading period. However. all orders would not be executed during the server upgrading period. Gentle …
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential …
Fundamental Analysis * Gold Surges Despite Better-than-Expected CPI? Gold initially declined after the inflation report but quickly rebounded as investors turned to safe-haven assets amid rising Middle East tensions. The recent Israeli airstrikes in Beirut fueled uncertainty, overshadowing the hotter-than-expected inflation data and reinforcing gold’s role as a hedge against geopolitical risks. …
Market Summary The Chinese equity market faced strong selling pressure in the last session due to disappointing economic data, while Wall Street reached another all-time high, driven by a fresh tech rally led by companies like Apple Inc, Amazon, and Netflix. However, traders should closely monitor today’s CPI reading, as a higher-than-expected …
Market Summary Chinese equities, including the China A50 and Hang Seng Index (HSI), extended their losses following the resumption of trading after the National Day holiday. Poor holiday economic data, combined with growing skepticism around stimulus measures, sparked a sell-off in the market, with the HSI plunging nearly 10% since its last …
Market Summary Oil prices surged by nearly 4% in the last session, reaching a near two-month high as the confrontation between Israel and Iran-backed militaries escalated, sparking concerns over potential supply disruptions in the region, which accounts for a significant portion of global crude production. In contrast, gold prices remained stable, hovering …
Market Summary The Dollar Index surged to a seven-week high, driven by strong U.S. economic data, with Nonfarm Payrolls hitting 254,000 and the Unemployment Rate dropping to 4.1%. This data diminished expectations for a 50-basis-point rate cut, bolstering the dollar but weighing on gold as the stronger dollar overshadowed the metal’s safe-haven …
Market Summary The Pound Sterling fell sharply yesterday, with the Pound Sterling Index (BXY) dropping more than 2% following a dovish statement from BoE Governor Andrew Bailey. Bailey indicated that the Bank of England is prepared to implement rate cuts if UK inflation shows signs of easing. Similarly, the Japanese Yen remained …
Wednesday, 9 October 2024, 03:00 – RBNZ Interest Rate Decision (Q2) In August, The Reserve Bank of New Zealand (RBNZ) cut its Official Cash Rate (OCR) by 25 basis points to 5.25%, marking the first reduction in over four years. This decision is primarily driven by a cooling in price pressures and …
Fundamental Analysis * Data Slump: The Euro is weakening against the dollar after weak inflation data cast a bleak outlook for the Eurozone. The headline inflation rate, represented by the CPI, dropped to 1.8%—marking the first time in 39 months that it has fallen below the European Central Bank’s (ECB) 2.0% target. …
Market Summary Hong Kong’s stock rally paused in today’s session after the Chinese index surged by over 30% from its September lows. The equity market is now facing profit-taking pressure, with the Hang Seng Index down nearly 3% as of writing. In contrast, Japan’s Nikkei 225 jumped at the market’s open, driven …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary Middle East tensions took centre stage in the global financial markets during the last session as Iran fired missiles at Israel, with further retaliation expected, heightening geopolitical risks. This event fueled demand for safe-haven assets, leading gold to surge by over 1%, approaching its peak. Similarly, oil prices spiked by …
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 …
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 …
Fundamental Analysis * Rate Cut Speculation: The Dow Jones has recently broken through the crucial Fibonacci expansion (38.2%) resistance level, signaling potential bullish momentum in the US equity market. Rising expectations that the Federal Reserve might consider cutting interest rates have contributed to this positive sentiment. According to the Bureau of Economic …
Dear Valued Client, We are pleased to announce that PU Prime will launch new products of Japan Share CFDs on MT5 server starting from 7th October 2024 to provide clients with a broader portfolio of products. Please refer to the table below: *All dates are provided in GMT+3 (Server Time in MT5.) …
Market Summary The financial markets were shaken by the unexpected victory in the Japan’s ruling party’s leadership race, which is set to replace the current Prime Minister of Japan. The win by Shigeru Ishiba, seen as favouring a more hawkish stance on monetary policy, led to a significant strengthening of the Japanese …
Fundamental Analysis * Ishiba Wave: The Japanese Yen surged against the US Dollar after former Defense Chief Shigeru Ishiba won the Liberal Democratic Party’s (LDP) presidential election, securing his position as Japan’s next prime minister. Market participants view Ishiba’s victory as supportive of potential interest rate hikes by the Bank of Japan …
Dear Valued Client, Please note that in observance of the upcoming AU Daylight Saving Time on 6 October 2024, there will be changes to PU Prime’s trading schedule starting from 7 October 2024. Kindly refer to the table below for the schedule of all the instruments that are subject to changes: *All …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming October holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity …
Market Summary The Chinese equity market has emerged as the standout asset class in the financial world, with the China A50 index posting its largest weekly gain in a decade and the Hang Seng Index (HK50) rising by over 12% this week. The market rally has been driven by ongoing economic stimulus …
Monday, 30 September 2024, 08:00 – UK GDP (QoQ) (Q2) The latest UK GDP data released in August 2024 showed a growth of 0.6% quarter-on-quarter (QoQ) for Q2 2024 in its preliminary reading. The reading was in line market expectation but slightly lower the previous reading of 0.7%. The British economy has …
Fundamental Analysis * Rate Cut Speculation: The New Zealand Dollar has pulled back from its recent highs amid speculation of further rate cuts by the RBNZ. Despite being the top-performing G10 currency over the week—boosted by news of new stimulus measures in China and New Zealand’s main export market, the currency is …
Market Summary The U.S. dollar rebounded sharply towards the $101 mark ahead of key economic data releases, including GDP and the PCE reading due on Friday. The Dollar Index (DXY), however, faces resistance between $101.00 and $100.85 at its previous fair-value gap; a break above this range could shift the current bearish …
Fundamental Analysis * Pound Resilience: The Pound Sterling slipping against the US Dollar due to a modest recovery in the greenback. However, losses are limited as the outlook for the British currency remains positive, driven by expectations of a less-dovish Bank of England (BoE). Investors anticipate that the BoE will reduce interest …
Market Summary The Asian equity market has taken centre stage in the global financial landscape, particularly with Chinese indexes, such as the China A50 and the Hang Seng Index (HSI), both surging by nearly 10% over the past two sessions. This rally has been driven by monetary easing policies and stimulus packages …
Dear Valued Client, PU Prime will be upgrading its website servers from 24 Sep 2024, 16:00 hrs. (GMT+3) until 25 Sep 2024, 22:00 hrs. (GMT+3). During this period, there may be website intermittent interruption, but the Client Portal will remain unaffected. Once the update is completed, the websites will be fully restored …
Dear Valued Clients, We are pleased to announce the addition of the commodities product Robusta Coffee Future on 30 September 2024 to our product portfolio, providing clients with broader diversification opportunities. Robusta coffee represents 30% of global production, with Vietnam, Indonesia, and Uganda as key producers. Robusta coffee priced lower than Arabica …
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be …
Fundamental Analysis * Post Fed Pop: The pound sterling continues to gain strength against the dollar, as the greenback remains fragile following the Federal Reserve’s recent shift toward a rate-cutting cycle. Last week, the Fed’s unexpected decision to implement a double rate cut has weakened USD flows, pushing GBP to the upper …
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be …
Market Summary Wall Street surged with strong bullish momentum after digesting the FOMC interest rate decision on Wednesday. All three major U.S. equity indexes saw significant gains, with the Nasdaq leading the charge, closing up by more than 2.5%. This tech-heavy index, sensitive to interest rate changes, is expected to catch up …
Monday, 23 September 2024, 15:45 – US Manufacturing PMI (Sep) The S&P Global US Manufacturing PMI was revised slightly down to 47.9 in August 2024 from a preliminary of 48. The data continued to point to the most marked deterioration in the health of the manufacturing sector so far this year. Production …
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Market Summary The Federal Reserve’s monetary policy decision was announced yesterday, aligning with market expectations for a more aggressive rate cut. This bold move sparked significant volatility in the market, with the Dollar Index (DXY) fluctuating by over 1% during the event. However, as the rate cut had been largely priced in …
Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipated by global markets. The futures and bond markets are positioning for a larger-than-usual rate cut, exceeding the standard 25 bps. As speculation of this larger cut grows, the U.S. dollar has continued …
Fundamental Analysis * Rate Cut Countdown: The euro continues to strengthen against the U.S. dollar as growing market expectations of a significant Fed rate cut weigh on the greenback. Speculation of a larger cut intensified following softer-than-expected August Producer Price Index (PPI) data and media reports suggesting officials are open to such …
Market Summary The US Dollar Index continues to extend its losses, hovering near strong support levels ahead of the Federal Reserve’s crucial monetary policy meeting this week. With market expectations leaning towards a rate cut, investors are closely watching the Fed’s decision, as nearly 41% anticipate a 50-basis-point reduction, according to the …
Dear Valued Client, PU Prime recently completed a MT4/MT5 servers upgrade on 14 September 2024 00:00 hrs. (GMT+3) to 15 September 2024 23:59 hrs. (GMT+3). We are pleased to inform that the server upgrade has been successfully completed and had been restored and fully functional. Gentle Reminder: If your MT4/MT5 accounts log …
* The dollar eases to a weekly low while Wall Street gains ahead of Wednesday’s Fed interest rate decision. * Gold surged to an all-time high on the weakening dollar’s strength. * Oil prices ease in strength, hindered by lacklustre Chinese economic indicators. Market Summary U.S. Dollar (USD) has been under pressure …
Market Summary Contrary to the U.S. inflation data (CPI) released on Wednesday, which showed price increases, the U.S. job data from yesterday suggested that the labour market is softening, reinforcing expectations of a Federal Reserve rate cut next week. The probability of a 50 bps rate cut rose sharply from 14% to …
Tuesday, 17 September 2024, 08:00 – US Core Retail Sales (MoM) (Aug) The latest U.S. Core Retail Sales for July reported a 0.4% increase, surpassing the market’s forecast of 0.1%. This better-than-expected outcome was fueled by strong consumer spending, notably in online shopping and restaurant sales, despite ongoing concerns about high inflation. …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 14 September 2024 00:00 hrs. (GMT+3) to 15 September 2024 23:59 hrs. (GMT+3). Access to MT4/MT5 Demo and Live accounts via the MT4/MT5 App, WebTrader, and PU Prime App will remain available during the server upgrade. However, price quotes, …
Market Summary The U.S. CPI readings released last night exceeded market expectations, dispelling concerns about an economic contraction in the U.S. In response, Wall Street rallied, with the Nasdaq leading the gains, climbing over 350 points in the last session. In the bond market, swap traders are now fully pricing in a …
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Market Summary Ahead of the highly anticipated U.S. CPI data release today, which the market is closely watching for clues on the Fed’s upcoming monetary policy moves, Wall Street remained largely unchanged in the previous session. The dollar index (DXY) faced rejection below the $102 mark, signalling that expectations of a Fed …
Market Summary The U.S. dollar remained stable in the last session as traders await Wednesday’s key U.S. inflation data, which is expected to provide clues on the Federal Reserve’s rate cut decision next week. Wall Street saw a slight recovery from its recent bearish trend, with the Dow Jones surging nearly 500 …
Fundamental Analysis * ECB Cut Watch: The euro extended its losses against the dollar amid growing expectations that the European Central Bank (ECB) will cut rates at its September 12 meeting. The ECB is set to release economic projections, likely showing downward revisions in growth and inflation. Money market traders are pricing …
Market Summary The financial markets were shaken by the release of key U.S. economic indicators last Friday, triggering heightened volatility across sectors. The Nonfarm Payrolls (NFP) came in significantly lower than expected at 142k, indicating a slowdown in U.S. economic growth. This weighed heavily on Wall Street, with the Nasdaq dropping more …
Market Summary Ahead of today’s highly anticipated Nonfarm Payroll (NFP) report, the U.S. dollar remains under pressure, with major market players like Citigroup and JP Morgan betting on a larger rate cut from the Federal Reserve this month. The ADP Nonfarm Employment Change report, released yesterday, significantly missed market expectations, while unit …
Tuesday, 10 September 2024, 08:00 – German CPI (YoY) (Aug) The German Consumer Price Index (CPI) preliminary data released on August 29, 2024, showing a year-over-year increase of 1.9%. This figure was below both the forecast of 2.1% and the previous month’s 2.3%. The decline in inflation is largely attributed to weaker …
Fundamental Analysis * Data-driven: The Japanese Yen continues to strengthen against the U.S. dollar, supported by recent positive data from Japan. In July, Japan’s Labor Cash Earnings increased by 3.6% year-on-year, a slowdown from June’s 4.5% rise where it was the highest since January 1997, but still exceeding market expectations of 3.1%. …
Market Summary The U.S. dollar lost strength after reaching a two-week high in the Dollar Index (DXY). The release of the Fed’s Beige Book indicated a decline in economic activity, a softening labour market, and moderating wage growth, which fueled speculation of a potential Fed rate cut. This dampened the dollar’s momentum, …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary Wall Street experienced a significant single-day sell-off yesterday, with the Nasdaq leading the decline, dropping more than 3%. Nvidia, a key player in the AI sector, saw a massive $279 billion loss in market value as its share price plunged by 9.5%. This sell-off was fueled by a softening market …
Market Summary Oil prices rebounded above the critical support level near the $73.00 mark, driven by several key factors. Libya’s key oil field shutdowns have led to a reduction of a million barrels in global daily oil supplies, significantly pushing oil prices higher in the last session. Additionally, the U.S. government is …
Market Summary The highly anticipated PCE reading released last Friday catalysed the U.S. dollar, pushing it above its previous resistance level of $101.00 to reach a weekly high. While the Fed’s preferred inflation gauge came in lower than market expectations, it remained well above the 2% target, suggesting that the Fed may …
Fundamental Analysis * Declining Odds: The pound sterling extend its losses against the greenback following the release of U.S PCE Price Index data which reduce expectation of Fed rate cut bets. The PCE inflation report showed that the core inflation, which excludes volatile food and energy prices, came in with 2.6%, slower …
Market Summary The Dow Jones set a new milestone, rising to 41,577 points before experiencing a retracement. In contrast, the Nasdaq continues to struggle, weighed down by Nvidia’s earnings report, which appears to lack a significant “wow” factor. The Asian equity markets are expected to mirror the sentiment of the U.S. market …
Tuesday, 3 September 2024, 16:00 – US ISM Manufacturing PMI (Aug) The latest data for the U.S. ISM Manufacturing PMI, released on August 1, 2024, shows a decline to 46.8, down from 48.5 in June. This marks the sixth consecutive month of contraction (a reading below 50) and remains well below the …
Fundamental Analysis * Supply Concerns: Oil prices remained stable in early Friday trading as investors balanced supply concerns in the Middle East with indications of weakened demand. Reports indicate that over half of Libya’s oil production, approximately 700,000 barrels per day (bpd), was offline on Thursday, with exports halted at several ports …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming September holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity …
Market Summary Nvidia’s highly anticipated earnings report was released yesterday, but despite the numbers beating market consensus, the performance lacked a “wow” factor for investors. As a result, the market seemed to have already priced in the earnings, leading to a decline in all three major indexes on Wall Street. Despite yesterday’s …
Market Summary As the market searches for direction, most asset classes remained relatively flat in the last session, with investors waiting for a catalyst to drive momentum. On Wall Street, attention turns to Nvidia’s earnings report, due later today. Expectations are high for strong earnings performance, which could potentially lift major indexes …
Market Summary Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significant unease in the broader financial markets. Adding to the uncertainty, market participants are positioning for a potential September Fed rate cut, which seems increasingly likely. In response to the geopolitical uncertainty, oil prices surged nearly 3% …
Fundamental Analysis * Double Top Formation? Overall, the long-term trend for gold remains bullish, but the commodity might face a technical correction and attract bargain buying from investors ahead of several crucial U.S. economic data releases and events. In the short term, the technical chart indicates that the gold market has been …
Market Summary Jerome Powell’s highly anticipated speech last Friday at the Jackson Hole Economic Symposium drove the dollar to its lowest level since last July. The Fed Chair expressed concerns about the U.S. job market and indicated confidence that the inflation rate will reach the 2% target, suggesting a dovish stance from …
Fundamental Analysis * Dovish Fed: Gold prices have surged, reclaiming the $2,500 level after dovish remarks from the Fed signaled an upcoming interest rate cut starting in September, coupled with a weaker dollar. Fed Chair Jerome Powell delivered the message at the Kansas City Fed’s annual economic symposium in Jackson Hole on …
Market Summary The Bank of Japan (BoJ) remains on course with its monetary tightening policy, according to the BoJ Chief, following his hearing at the Japan Lower House. However, he emphasised that there is no rush for the next rate hike, as the central bank continues to monitor global economic conditions. This …
Market Summary The dollar continued to face downside pressure following the release of the FOMC meeting minutes. Concerns were raised by FOMC members over potential labour market deterioration, with the majority of the members signalling that a September rate cut might be appropriate. This dovish narrative provided buoyancy to the equity market, …
Fundamental Analysis * Deficit Drag: The Japanese Yen have fell against the dollar as a record of Japan’s trade deficit data has dragged the Japanese Yen. According to data showed on Wednesday, Japan’s Merchandise Trade Balance fell into a deficit of ¥621.84 billion in July, reversing the surplus of ¥224.0 billion reported …
Dear Valued Client, Please be advised that the leverage of HKTECH will be optimised from 26th August 2024 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for adjustment:
Market Summary Wall Street took a pause in the last session, with all three major indexes remaining relatively flat as investors awaited the highly anticipated FOMC meeting minutes. Should the minutes align with market expectations and present a dovish tone, it could put further downward pressure on the dollar while potentially fueling …
Fundamental Analysis * Crude Calm: Crude oil prices have declined amid expectations of easing tensions in the Middle East, following diplomatic efforts in the region and rising U.S. crude inventories. U.S. Secretary of State Antony Blinken concluded a Middle East visit aimed at facilitating a ceasefire in Gaza. Blinken, along with mediators …
Market Summary The Dollar Index (DXY) remains under pressure as dovish comments from multiple Federal Reserve officials suggest the possibility of a rate cut in the near future. Traders are now eagerly awaiting Wednesday’s FOMC meeting minutes for further insight into the Fed’s upcoming monetary policy moves. Meanwhile, Wall Street rallied last …
Fundamental Analysis * Dropping Yields Support Equity: The US equity market remains resilient, with several analysts offering positive forecasts for its outlook. Bank of America analysts suggest that US equities are well-positioned to continue their upward trajectory, provided that economic growth remains stable. The potential for rate cuts from the Fed, coupled …
Market Summary Gold prices soared above the $2,500 mark for the first time, driven by expectations of potential interest rate cuts, which have weakened the dollar to its recent low levels. Market participants are now focused on Wednesday’s FOMC meeting minutes for insights into the Fed’s next monetary policy moves. Additionally, Federal …
Fundamental Analysis * Middle East Tensions: Gold prices have surged, breaking above record highs as a combination of downbeat US economic reports, expectations for Fed rate cuts, and rising tensions in the Middle East drive demand for safe-haven assets. Fears that Iran may retaliate against Israel for recent conflicts have kept geopolitical …
Market Summary The U.S. dollar rebounded after being weighed down earlier in the week by softer-than-expected PPI and CPI readings. The turnaround was driven by stronger-than-anticipated U.S. Retail Sales growth and Initial Jobless Claims, which eased recession fears and bolstered the dollar’s strength in the last session. Wall Street reacted positively to …
Tuesday, 20 August 2024, 14:30 – Canada CPI (YoY) (Jul) For June 2024, Canada’s CPI rose by 2.7% year-over-year, down from 2.9% previously. This decrease in core inflation is driven by a combination of slower economic growth and moderated wage growth, even with a strong labor market. With the current monetary policy …
Fundamental Analysis * Upbeat Data: The pound sterling gained against the dollar following positive U.K. data. Reports indicate that the U.K. economy grew as expected in the second quarter, with GDP increasing by 0.6% quarter-on-quarter and 0.9% year-on-year. The annual GDP growth figures showed a strong recovery from the previous 0.3% reading. …
Market Summary The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has …
Fundamental Analysis * Gold Slide: Gold prices which trading against the greenback have edged lower as markets absorbed the U.S. inflation data released on Wednesday. The Labor Department reported that U.S. inflation in July met expectations, with the headline Consumer Price Index (CPI) rising 0.2% month-over-month, resulting in a 2.9% annual inflation …
Market Summary Market risk appetite improved following the release of U.S. Producer Price Index (PPI) data, which came in lower than expected at 0.1%, below both the market consensus and the previous reading. This softer inflation figure suggests that inflationary pressures in the U.S. may be easing, prompting markets to increase their …
Market Summary Gold prices experienced their largest gain in three weeks, driven by escalating tensions in the Middle East and the easing of the U.S. dollar as markets await the crucial CPI reading due on Wednesday. Gold has surged to an all-time high above $2,460, as uncertainties surrounding developments in both the …
Market Summary The equity markets continued their upward momentum, driven by the easing of the Japanese Yen’s strength. The Yen was pressured by a dovish tone from Japanese authorities, signalling that the Bank of Japan (BoJ) might keep its monetary policy unchanged amid rising global economic uncertainties. However, attention is now shifting …
Market Summary The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday’s disappointing NFP report. Wall Street benefited from the improved …
Tuesday, 13 August 2024, 16:00 – US PPI (MoM) (Jul) The U.S Producer Price Index (PPI) for June showed a month-over-month increase of 0.2%, which was slightly above market expectations of 0.1%. This increase followed a flat reading in May and a decline of 0.2% in April, highlighting some volatility in producer …
Fundamental Analysis * Yen Woes: The Japanese Yen continues to weaken against the dollar as the market processes dovish statements from the Bank of Japan (BoJ). According to Reuters, BoJ Deputy Governor Shinichi Uchida recently stated that the BoJ would not consider raising interest rates amidst market instability. He also mentioned that …
Market Summary The U.S. dollar remains stable amidst significant market volatility this week. The low NFP reading from last Friday has cast a shadow over the economic outlook, and the Yen carry trade situation may worsen if the BoJ continues to tighten its monetary policy. Traders are closely watching today’s U.S. job …
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Market Summary The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar …
Fundamental Analysis * Kiwi Rally: The New Zealand Dollar continues to strengthen against the USD, fueled by a stronger-than-expected employment report from New Zealand. Traders are adjusting their expectations, reducing bets on a potential rate cut by the Reserve Bank of New Zealand (RBNZ) next week. Statistics New Zealand’s data released on …
Market Summary The financial markets, especially the equity sector, continue to be shattered by recession fears. The U.S. equity fear index, VIX, spiked to 65.70—the highest level since the pandemic in 2020—before quickly retracing to 38. This fear weighed heavily on the equity market, with the Dow Jones closing more than 1000 …
Fundamental Analysis * Tension-Fueled: Oil prices surged by over $1 on Tuesday, recovering from the previous day’s decline as fears of a worsening Middle East conflict overshadowed concerns about a potential U.S. recession that might dampen demand. The rise in oil prices comes amid heightened tensions between Israel and Iran, with both …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming August holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity …
Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering …
Fundamental Analysis * NFP Flop: The euro surged against the dollar following the disappointing U.S. Nonfarm Payrolls (NFP) data. In July, NFP increased by 114,000, a decline from the revised 179,000 in June and below the forecast of 185,000, according to the Labor Department’s report on Friday. The Unemployment Rate also rose …
Monday, 5 August 2024, 16:00 – ISM Non-Manufacturing PMI (Jul) In June, U.S. services sector activity plunged to its lowest level in four years, driven by a significant decline in new orders. This concerning trend suggests a potential slowdown in economic momentum would likely spill over to the second half 2024. The …
Market Summary The spotlight was on the Bank of England (BoE) yesterday as the market awaited its interest rate decision. The BoE’s decision to cut rates by 25 basis points came in line with market consensus, leading to a decline in the Pound Sterling, which trailed to a one-month low against the …
Market Summary The highly anticipated Fed’s interest rate decision was disclosed yesterday, hammering the dollar’s strength lower as Fed Chief Jerome Powell explicitly signalled that a September rate cut is possible. The U.S. central bank is balancing both inflation and recession risks, with interest rates adjusted to curb inflation while maintaining a …
Fundamental Analysis * Dovish Statements from Fed and Risk-Off Sentiment: Gold prices rebounded and extended their gains, driven by two major factors. First, the Federal Reserve’s dovish tone and hints at potential rate cuts bolstered demand for the non-yielding asset. Second, escalating tensions in the Middle East added to the safe-haven appeal …
Market Summary The Japanese Yen strengthened ahead of the BoJ’s interest rate decision, with part of the market anticipating a monetary tightening policy from the Japanese central bank due to sustainable inflation and wage growth in the country. If the BoJ raises rates by 10 bps, as expected, the Yen could strengthen …
Fundamental Analysis * Swiss Defiance: The Swiss Franc gained against the dollar despite better-than-expected U.S. economic data, as investors continued to focus on the possibility of a Federal Reserve rate cut. The Conference Board’s Consumer Confidence Index increased to 100.30 in July, up from a revised 97.8 in June, indicating a slight …
Market Summary The financial market remained relatively quiet in the last session ahead of crucial central bank interest rate decisions, including those from the Fed and BoJ, which are due tomorrow. The dollar index (DXY) managed to break above its near-term resistance level at 104.50, which has been a barrier for the …
Fundamental Analysis * Demand Drag: Crude oil prices continued to decline from the previous session due to worries about weakening demand from China, the world’s largest oil consumer. Recent data revealed an 11% drop in China’s total fuel oil imports during the first half of 2024 amid sluggish growth. Additionally, a series …
Market Summary The financial market has reacted to the highly anticipated U.S. inflation gauge preferred by the Federal Reserve, the PCE reading. The PCE came in line with market expectations at 2.5%, suggesting that inflationary pressure in the country is moving toward the targeted 2% rate and heightening the likelihood of a …
Fundamental Analysis * Fed-Fueled: The EURUSD pair recorded mild gains against the dollar as traders continued to expect the September interest rate cut by the US Federal Reserve (Fed) in September, which dragged the Greenback lower. Recent US inflation, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, …
Market Summary Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday’s session while the Dow Jones eked out a marginal gain. The small-cap Russell 2000 index remains on an upward trajectory, indicating capital rotation away from mega-cap stocks, tempered by AI jitters. The dollar index …
Market Summary The U.S. equity market experienced one of its worst trading days this year, with the Nasdaq leading the decline, plunging more than 700 points in the last session. Investor concerns over the AI sector surged following Tesla’s earnings miss and Google’s higher-than-expected spending, both of which saw sharp declines. Meanwhile, …
Fundamental Analysis * Yen Frenzy: The Japanese Yen (JPY) continues to strengthen against the dollar, driven by expectations that the Bank of Japan (BoJ) will raise interest rates at next week’s policy meeting. Toshimitsu Motegi, a senior official in the ruling party, has urged the BoJ to more transparently communicate its plans …
Market Summary The dollar index traded in a relatively sideways range, poised at its weekly high, awaiting PMI readings to gauge the strength of the U.S. economy. The UK and eurozone PMI readings are due today and may directly impact the recent lacklustre price movement for both currencies. Conversely, the New Zealand …
Fundamental Analysis * Crude Collapse: The price of crude oil has dropped to a six-week low due to the anticipation of a ceasefire in Gaza and growing concerns about demand in China. In the Middle East, efforts to broker a ceasefire agreement between Israel and Hamas, based on a plan proposed by …
Market Summary Wall Street rallied in the last session as investors anticipate earnings reports from mega-caps including Alphabet and Tesla, due later today. Mitigated U.S. political uncertainty and renewed confidence in the U.S. economy, especially if Donald Trump is re-elected in the upcoming presidential election, have bolstered the equity market’s upward momentum. …
Fundamental Analysis * Kiwi Tumble: The New Zealand dollar remains under pressure due to increasing expectations of an imminent rate cut by the Reserve Bank of New Zealand (RBNZ). This sentiment has been driven by a softer Consumer Price Index (CPI) inflation for New Zealand in the second quarter (Q2), which has …
Dear Valued Client, Please be advised that there will be optimisation on ETFs product from 29th July 2024 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) Please ensure there is sufficient margin …
Market Summary Biden’s withdrawal from the upcoming U.S. presidential election has thrown a stun grenade into the market, with most asset classes standing pat as investors digest the event. The dollar remains poised at its high from last Friday, with expectations of strengthening as Trump’s advocacy may favor the greenback. Meanwhile, the …
Fundamental Analysis * Yen Falter: The Japanese Yen (JPY) weaken against the greenback following the release of the latest mixed inflation data on Friday. Japan’s National Consumer Price Index (CPI) for June remained steady at 2.8%, matching the previous month’s figure and maintaining its highest level since February. However, Core CPI inflation …
Market Summary The U.S. job data released yesterday bolstered speculation of a September Fed rate cut. Initial Jobless Claims saw the biggest increase since May, suggesting the labor market in the U.S. is easing, and inflation is cooling as a result. Despite this, the dollar took a breather from its downtrend and …
Wednesday, 24 July 2024, 15:45 – US Manufacturing PMI (Jul) The latest S&P Global US Manufacturing PMI for June 2024 has been revised to 51.6, slightly lower than the expectation of 51.7 but up from 51.3 in May. This indicates an improvement in manufacturing business conditions for the second consecutive month, driven …
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Fundamental Analysis * ECB Halts: The euro fell against the dollar after the European Central Bank (ECB) announced its interest rate decision. The ECB have maintained its interest rates unchanged while hinting at a future rate cut, though this guidance is likely to be ambiguous and include caveats. The ECB did not …
Market Summary The dollar continues to tumble, trading at its lowest level since April, below the $104 mark. The U.S. Beige Book suggests economic growth has moderated and inflation shows signs of easing, strengthening the likelihood of a September rate cut. Improved risk appetite in the market propelled the Dow Jones up …
Fundamental Analysis * CPI Drag: The New Zealand dollar weakened against the US dollar following the release of weaker-than-expected New Zealand CPI data, increasing speculation about a potential rate cut from the RBNZ. Government data revealed that the CPI rose 3.3% year-on-year for the three months ending June 30, below the expected …
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 …
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. …
Market Summary As we step into the earnings report season, the U.S. equity market rallied, with the Dow Jones climbing to its highest point in the last session, gaining over 200 points. The aftermath of Donald Trump’s shooting incident has influenced the equity market, compounded by a dovish statement from Jerome Powell …
Market Summary Over the weekend, a significant event unfolded in the U.S. presidential race as candidate Donald Trump was shot at a campaign rally in Pennsylvania, intensifying geopolitical uncertainty across markets. The dollar swiftly reacted, rebounding from recent lows amid expectations that Trump’s fiscal policies, known for potentially boosting treasury yields, could …
Dear Valued Client, PU Prime will be upgrading its PU Prime App starting from 13 July 2024 06:00 hrs. (GMT+3) until 11:00 hrs. (GMT+3) to further optimise the trading environment. We would like to highlight that access and functionality of PU Copy Trading will be temporarily suspended during the upgrading period, as …
Tuesday, 16 July 2024, 08:30 – Canada CPI (MoM) (Jun) In May, Canada’s Consumer Price Index rose by 0.6%, surpassing both market forecasts of 0.6% and the previous figure of 0.5%. Statistics Canada attributes this increase primarily to higher food prices, especially for wheat-based products, which exerted notable inflationary pressures. Additionally, elevated …
Market Summary The highly anticipated U.S. CPI report met expectations with a figure below market consensus, shaking up financial markets. The dollar plummeted to its lowest level since last month amid heightened speculation of a dovish Fed stance. Concurrently, the U.S. equity market experienced a notable anomaly, marked by significant declines. This …
Dear Valued Client, We are pleased to announce the addition of the Hang Seng Tech Index Cash on 15 July 2024 to our product portfolio, providing clients with broader diversification opportunities. We would like to highlight that as trading with us would be with CFDs. The Hang Seng Tech Index Cash are …
Market Summary Jerome Powell’s two-day testimony before the Senate concluded yesterday, with a dovish tone that bolstered the market’s risk-on sentiment and tempered the dollar’s strength amidst expectations of accommodative monetary policy. Wall Street continued its rally as the U.S. equity market entered earnings season, buoyed by optimistic outlooks for corporate earnings. …
Fundamental Analysis * Dovish Outlook: The EUR/USD has risen against the greenback, buoyed by broad market selling of the US Dollar. Market sentiment has recovered significantly, with renewed expectations for rate cuts following Federal Reserve Chairman Jerome Powell’s dovish remarks during his two-day testimony before US Congressional committees. Powell expressed concerns that …
Market Summary The highly anticipated testimony of Jerome Powell commenced yesterday, but the market remained calm as the Fed’s chief delivered a neutral statement. Powell acknowledged that inflationary pressure in the U.S. is showing signs of easing and raised concerns about potential risks to the labour market from persistent high borrowing costs. …
Fundamental Analysis * Barrel Blues: Crude oil prices have declined by over 1% as traders realized that prolonged supply disruptions from Hurricane Beryl were unlikely. Hurricane Beryl was initially predicted to cause significant damage to U.S. crude hubs, but major refineries along the Gulf Coast sustained minimal impact after Beryl weakened into …
Market Summary Jerome Powell’s 2-day testimony at Capitol Hill begins today, and traders will be closely monitoring his statements for insights into the rate cut schedule. With the U.S. presidential election approaching, it is believed that the Fed will maintain its independence and possibly delay any rate cut policy until after the …
Fundamental Analysis * Loonie Dip: The Canadian Dollar has declined against the U.S. Dollar due to expectations of consecutive rate cuts from the Bank of Canada (BoC). These expectations have risen amid turmoil in the labor market. Recently, Canada’s unemployment rate increased more than anticipated, reaching 6.4% compared to the expected 6.3% …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary Last Friday’s U.S. employment report delivered a mixed bag of results: Nonfarm Payrolls (NFP) surpassed expectations at 206,000 new jobs added, yet the unemployment rate climbed to 4.1%, its highest since 2021. The Dollar Index (DXY) initially fluctuated on the news but ultimately trended lower as markets absorbed the data. …
Market Summary The UK general election 2024 was held on Thursday, and while the results are yet to be finalized, the Labour Party is poised to win a majority, ending the Conservatives’ 14-year rule. The UK’s equity market index, FTSE 100, edged higher in the last session, while the Pound Sterling remained …
Fundamental Analysis * Intervention Cue: The Japanese Yen has regained some strength, appreciating against the dollar as markets remain vigilant, anticipating possible intervention by Japanese authorities to prevent excessive depreciation. Japan’s near-zero interest rates create a significant rate differential with other major currencies, leading to the Yen being pressured globally. Due to …
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Market Summary In the last session, Wall Street saw a notable rally with the Nasdaq and S&P 500 reaching all-time highs, while the Dow Jones lagged. This surge was driven by soft job data, suggesting that the Federal Reserve may proceed with its plan to begin cutting rates in the third quarter …
Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by …
Market Summary The U.S. dollar regained strength after a technical retracement earlier in the session. The recent presidential debate over the weekend had a spillover effect on the financial market, with sentiment shifting in favour of Donald Trump’s re-election prospects. This political development, combined with Wall Street strategists advising clients to brace …
Fundamental Analysis * BoJ Fog: The Japanese Yen has continued to plunge against the dollar following ongoing uncertainty over the Bank of Japan’s policy outlook. Recent BoJ policy minutes revealed that officials are in favor of further policy tightening, as the weak Yen is contributing to rising inflationary pressures. This depreciation has …
Market Summary The dollar’s recent strength was tempered by last Friday’s Personal Consumption Expenditures (PCE) reading, which aligned with market expectations. The mixed results of recent U.S. economic indicators have cast uncertainty over the Federal Reserve’s upcoming monetary policy moves, although part of the market remains optimistic about an October rate cut. …
Market Summary The dollar has eased from its bullish trend, which was fueled by upbeat PMI readings last Friday. Apart from Friday’s PCE reading, traders are also keeping an eye on Wednesday’s U.S. 5-year note auction to gauge market sentiment toward the Fed’s upcoming monetary policy and its implications for the dollar’s …
Fundamental Analysis * Dovish Tone: The GBP/USD exchange rate declined after the Bank of England (BoE) decided to keep interest rates at 5.25%. The accompanying statement indicated the decision was “finely balanced,” implying there was a significant risk the BoE might have opted to cut rates. The language of the accompanying statement …
Tuesday, 25 June 2024, 16:00 – US CB Consumer Confidence (Jun) According to the U.S. Conference Board, consumer sentiment in the U.S. improved in May, with the CB Consumer Confidence Index rising to 102 from 97.5 in April. While the survey indicated a slight decline in consumers’ views of current business conditions, …
Monday, 1 July 2024, 17:00 – US ISM Manufacturing PMI (Jun) The US ISM Manufacturing PMI came in at 48.7 for May, below the forecast of 49.8 and the previous reading of 49.2. The main reasons for this stagnant reading are ongoing weak demand, which affects supplier orders, inventories, capital investments, and …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming July holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity …
Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economic indicators including upbeat Initial Jobless Claims and GDP figures. However, bullish momentum remained tempered amidst market perceptions of a potential Fed policy shift in September, reflected in a decline in U.S. Treasury yields. Investors …
Dear Valued Client, PU Prime will be upgrading it’s PU Prime App and MT4/MT5 servers starting from 29 June 2024 00:00 hrs. (GMT+3) to 12:00 hrs. (GMT+3). Access to PU Prime Apps and MT4/MT5 accounts will not be available during the server upgrading period. All orders would not be executed during the …
Market Summary The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback. The currency pair has lost more than 12% this year and is well above the tolerance level for the BoJ to intervene. The BoJ hinted at a potential rate hike in July, and the Japanese …
Market Summary On the back of the upbeat CB Consumer Confidence reading of 100.4, several Fed governors issued hawkish comments on upcoming monetary policy, which ultimately bolstered the dollar’s strength. Despite the Fed’s hawkish outlook, the U.S. equity market rallied, driven by Nvidia, the AI bellwether company, which rose approximately 7%, fueling …
Market Summary The dollar has eased from its bullish trend, which was fueled by upbeat PMI readings last Friday. Apart from Friday’s PCE reading, traders are also keeping an eye on Wednesday’s U.S. 5-year note auction to gauge market sentiment toward the Fed’s upcoming monetary policy and its implications for the dollar’s …
Fundamental Analysis * Buck Backslide: The Canadian Loonie continues to gain strength against the US Dollar, which is experiencing a slight decline due to profit-taking in the absence of significant fundamental drivers. With limited new information for investors to consider, market sentiment is currently aimless as attention turns to forthcoming data for …
Market Summary All eyes are on the Japanese Yen as it continues its downward slide against its peers, notably experiencing a 3% decline against the dollar in June. As the USD/JPY pair approaches the critical 160 mark, Japan’s top currency official has heightened concerns by stating that Japanese authorities are prepared to …
Fundamental Analysis * Solid Green: Crude prices dropped by about 1% on Friday due to concerns that global oil demand growth might be affected by a strong U.S. dollar and negative economic news from various regions. The U.S. dollar reached a seven-week high against a basket of other currencies, with the Federal …
Tuesday, 25 June 2024, 16:00 – US CB Consumer Confidence (Jun) According to the U.S. Conference Board, consumer sentiment in the U.S. improved in May, with the CB Consumer Confidence Index rising to 102 from 97.5 in April. While the survey indicated a slight decline in consumers’ views of current business conditions, …
Market Summary The spotlight was on the Pound Sterling following the Bank of England’s (BoE) interest rate decision announced yesterday. Despite the UK’s Consumer Price Index (CPI) reaching the targeted rate of 2%, the BoE voted 7-2 to maintain its interest rate unchanged, providing buoyancy for the Pound Sterling. However, the BoE …
Fundamental Analysis * Dovish Tone: The GBP/USD exchange rate declined after the Bank of England (BoE) decided to keep interest rates at 5.25%. The accompanying statement indicated the decision was “finely balanced,” implying there was a significant risk the BoE might have opted to cut rates. The language of the accompanying statement …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 22 June 2024 15:00 hrs. (GMT+3) until 23 June 2024 04:00 hrs. (GMT+3). Access to MT4/MT5 accounts will not be available during the server upgrading period. All orders would not be executed during the server upgrading period. Gentle Reminder: …
Fundamental Analysis * Kiwi Comeback: The New Zealand dollar has edged higher against the US dollar, driven by stronger-than-expected GDP data for the first quarter. New Zealand’s economy grew by 0.2% quarter-on-quarter in Q1, up from 0% in the previous quarter, surpassing expectations according to Statistics New Zealand’s report on Thursday. On …
Market Summary The dollar index (DXY) slid further after U.S. Retail Sales figures came in below market expectations, triggering a technical correction for the dollar. U.S. policymakers have emphasised the need for patience on rate cuts, citing the necessity for more evidence to prove that inflation is cooling. The risk-on sentiment has …
Market Summary The U.S. dollar is hovering near its recent high levels amid global navigation through Eurozone political uncertainty and the divergence in central bank monetary policies. Besides the U.S. dollar, market attention is focused on the Australian dollar today as the Reserve Bank of Australia (RBA) is set to announce its …
Market Summary The Dollar Index experienced a slight rebound as investors processed hawkish comments from Federal Reserve officials, particularly Minneapolis Fed President Neel Kashkari’s suggestion to delay rate cuts until December. This shift in sentiment strengthened the dollar, influencing various markets. Crude oil prices retraced from two-week highs as investors took profits …
Market Summary After digesting Jerome Powell’s comments following the FOMC interest rate decision on Wednesday, the dollar erased all its losses from the soft CPI reading, continuing its upward trajectory. The hawkish outlook from the Fed stimulated dollar strength against its peers, while the bullish momentum in equity markets was hindered by …
Fundamental Analysis * Crude Boom: Crude oil prices have edged higher against the US dollar, bolstered by signs of a robust demand outlook for crude and fuel this year. The Organization of Petroleum Exporting Countries (OPEC) maintained its forecast for strong global oil demand growth in 2024, while Goldman Sachs projected solid …
Dear Valued Client, PU Prime will be upgrading it’s PU Prime App and MT4/MT5 servers starting from 15 June 2024 00:00 hrs. (GMT+3) to 13:00 hrs. (GMT+3). Access to PU Prime Apps and MT4/MT5 accounts will not be available during the server upgrading period. All orders would not be executed during the …
Market Summary The financial markets experienced significant fluctuations in the last session, driven by two major economic events. Firstly, the U.S. CPI came in lower than market consensus, indicating easing inflation and boosting risk appetite. However, later in the session, the FOMC announced that there will be only one interest rate cut …
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Market Summary The dollar index steadied in the last session, trading above the $105 mark, ahead of the highly anticipated FOMC meeting minutes. Market expectations are leaning towards a more hawkish stance from the U.S. central bank due to a tight labour market. Analysts predict that the Fed is likely to implement …
Fundamental Analysis Gold prices have seen a slight rebound, continuing to trade within a consolidation range. This movement reflects a shift by investors towards safe-haven assets in anticipation of several crucial economic events. The market is characterized by uncertainty as traders await the upcoming US Consumer Price Index (CPI) data and the …
Market Summary The dollar index is poised at its recent high level, while U.S. equity markets eked out marginal gains as the market awaits Wednesday’s crucial CPI reading and the FOMC meeting minutes. Although the market widely believes that the Fed will keep the rate on hold, there is less certainty about …
Fundamental Analysis The Nasdaq has surged to fresh record highs, bolstered by bullish momentum stemming from the ongoing excitement around artificial intelligence (AI). This rally is particularly influenced by Apple’s recent announcement to enhance its Siri voice assistant and operating systems through a partnership with OpenAI’s ChatGPT. This strategic move aims to …
Market Summary Last Friday’s U.S. Nonfarm Payroll (NFP) report rattled financial markets with a significantly higher-than-expected reading, far surpassing both market expectations and the previous month’s figures. The robust job data dashed hopes for an early rate hike from the Federal Reserve, as a tight labour market could potentially spur higher inflation, …
Market Summary All eyes are on today’s Nonfarm Payroll (NFP) and U.S. unemployment rate data, which could be the final piece of the puzzle for the Federal Reserve’s rate cut decision this year. Recent lackluster U.S. economic indicators, alongside monetary policy pivots from the Bank of Canada (BoC) and the European Central …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary The ADP Nonfarm Employment Change data released yesterday provided a preview of the highly anticipated Nonfarm Payroll report due on Friday. The dollar tumbled to its lowest level in two months following the disappointing job data, which reinforced bets on a Federal Reserve rate cut. This speculation of a dovish …
Fundamental Analysis * Kiwi Boost: The New Zealand Dollar continues to extend its rally against the US Dollar, reaching a three-month high as investors start to anticipate two interest rate cuts by the Federal Reserve, which weakens the greenback. Despite better-than-expected ISM Service PMI data, the dollar’s strength was short-lived due to …
Dear Valued Client, PU Prime will implement the following optmisation to all MT4/MT5 accounts starting from 17 June 2024 to enhance competitiveness and improve the trading environment as follows: Optimisation in margin call level threshold and margin stop-out level threshold. Optimisation in leverage for Forex, Oil and Indices. Please refer to the …
Market Summary Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+’s decision to increase oil supply in the fourth quarter, exerted significant …
Fundamental Analysis * Loonie Swoon: The Canadian Loonie have broadly fell, further erasing recent gains against the US Dollar. Canada is not releasing any economic data on Tuesday, leaving the Canadian Dollar influenced by general market sentiment. Mixed economic data from the US, coupled with a prolonged decline in Crude Oil prices, …
* U.S. Dollar continued to slide as the PMI readings came short. * Seeking today’s JOLTs job opening data to gauge the dollar’s strength. * Gold traded within its sideways range despite the dollar having been weakening. Market Summary The U.S. dollar remained on a downward trajectory following the release of yesterday’s …
* Soft PCE reading hammered the dollar’s strength and improved stock market performance. * Eye on today’s U.K. and U.S. PMI readings. * Oil prices are expected to be hindered by the outcome of the OPEC meeting. Market Summary The highly anticipated U.S. PCE, the Fed’s preferred inflation gauge, met market expectations …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming June holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity …
Market Summary The U.S. dollar failed to sustain its gains following the release of U.S. GDP data that fell short of expectations, coupled with Initial Jobless Claims that exceeded market forecasts. This has prompted a slight shift in market sentiment away from the expectation of a more hawkish Federal Reserve stance. All …
Dear Valued Client, Please be advised of the upcoming NVDIA Corp (NVDIA) stock split that is going to take place as per the following schedule: Ex-Date: June 7th, 2024 (GMT+3, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. The primary motive is to make the shares more affordable …
Tuesday, 4 June 2024, 03:30 – Australia GDP (QoQ) (Q1) Australia’s economy experienced sluggish growth, with the Gross Domestic Product expanding by only 0.2% in the fourth quarter of 2023, below the anticipated 0.3%. This marked the fourth consecutive quarter of disappointing figures. Domestic demand was weak, as household spending on essentials …
Fundamental Analysis * Crude Conundrum: Crude oil prices continue to experience selling pressure as the U.S. government reported weak fuel demand alongside an unexpected rise in gasoline and distillate fuel inventories. Despite U.S. crude stocks falling more than expected last week with refiners operating at their highest rates in over nine months, …
Market Summary The U.S. 7-year note auction held yesterday saw tepid demand for long-term Treasury yields, resulting in a decline in bond prices and pushing bond yields higher. This development, combined with market perception that the Federal Reserve is not planning to initiate a rate cut policy soon, fueled risk-averse sentiment and …
Market Summary As U.S. markets resumed following the Monday public holiday, the implementation of the “T +1” settlement rule was overshadowed by a hawkish tone from the Federal Reserve. The Nasdaq and S&P 500 closed unchanged, while the Dow Jones declined. Fed official Neel Kashkari indicated that the Fed would maintain its …
Fundamental Analysis * Yen Woes: The Japanese Yen continued to weaken against the dollar following the Bank of Japan’s disappointing inflation data release. In April, Japan’s Weighted Median Inflation Index, a key indicator of the nation’s inflation trend, rose by only 1.1%, down from a 1.3% increase in March. This marks the …
Market Summary The market saw muted activity as both the U.S. and the U.K. observed public holidays in yesterday’s session. The dollar index (DXY) edged lower, failing to hold above the 104.50 level. This decline comes as the market anticipates signs of cooling U.S. inflation ahead of the PCE reading due on …
Fundamental Analysis * Euro Uplift: The Euro has gained ground against the U.S. dollar following recent positive PMI data from the Eurozone and a weakening dollar. In May, the Eurozone’s private sector activity displayed promising growth, driven by robust expansion in the services sector and a less severe contraction in the manufacturing …
Market Summary The Dollar Index dipped as investors took profits ahead of key economic data and events later this week, including the Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index. With US markets closed for a holiday, trading in dollar-related products is expected to be subdued. Investors are also …
Fundamental Analysis * Unyielding Pound: The pound sterling holds its ground against the dollar despite the release of weak UK data, as a drop in the dollar mitigates the impact of the negative figures. Earlier, the currency pair was under considerable pressure following a sharp decline in UK Retail Sales for April. …
Tuesday, 28 May 2024, 03:30 – Australia Retail Sales (MoM) (Apr) Australian retail sales experienced a greater decline than anticipated in the March quarter, dropping by 0.4% compared to the expected 0.2% decrease. This marked the lowest annual retail sales growth since 2021, excluding pandemic-related impacts. The primary factors behind this decline …
Market Summary Yesterday’s US data release surprised markets, with upbeat PMI readings exceeding expectations. The S&P Composite PMI reached a two-year high, while Initial Jobless Claims fell short of forecasts. This robust economic performance dampened hopes for a Fed rate cut this year, leading to a sharp selloff across both equities and …
Fundamental Analysis * Kiwi Troubles: The New Zealand Kiwi declined against the dollar after the rise in the US Purchasing Manager Index (PMI) figures reignited concerns that persistent inflation in the services sector could keep price growth elevated for much longer than investors hoping for rate cuts had initially anticipated. Expectations for …
Market Summary The U.S. dollar has strengthened, with the Dollar Index (DXY) climbing to its highest level this week, fueled by hawkish FOMC meeting minutes released in the last session. The minutes revealed that some members doubted whether the current interest rate level is sufficient to bring inflation down to the 2% …
Market Summary The US Dollar remained subdued as investors awaited the FOMC meeting minutes, with Federal Reserve officials emphasising the need for more evidence of easing inflation before considering rate cuts. This cautious stance has kept the dollar in check, influencing other markets as well. Gold prices stayed flat but slightly retreated …
Market Summary In yesterday’s market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also …
Fundamental Analysis * Gleaming Gold: Gold prices are continuing to rise against the US dollar as expectations grow that global major central banks, including the Federal Reserve, may ease monetary policy in 2024. A recent consumer inflation report in the United States, which came in lower than expected, has led to speculation …
Market Summary Asian equity markets opened strongly at the start of the week, buoyed by the bullish sentiment from last Friday’s U.S. market performance. Investors in the U.S. are eyeing Nvidia’s earnings report on Wednesday, anticipating another AI-driven rally. On the other hand, geopolitical issues in Eastern Europe and the Middle East …
Fundamental Analysis * Fed Buzz: The Euro has gained ground against the US dollar, propelled by strong speculation that the Federal Reserve will initiate interest rate cuts starting from the September meeting, thereby exerting downward pressure on the dollar. The recent muted Consumer Price Index (CPI) release sparked fresh optimism that the …
Market Summary The dollar index (DXY) found support above the $104 mark after two consecutive sessions of decline, as U.S. inflation showed signs of easing. The U.S. initial jobless claims released yesterday came in slightly better than the previous reading, providing some buoyancy for the dollar. While the U.S. stock market lacked …
Tuesday, 21 May 2024, 14:30 – Canada Consumer Price Index (MoM)(Apr) In March, Canada’s consumer price index increased by 0.6% compared to the previous month, surpassing the 0.3% growth seen earlier. Although the overall inflation rate in Canada rose slightly in March, it remained within the target set by the Bank of …
Market Summary The dollar index (DXY) found support above the $104 mark after two consecutive sessions of decline, as U.S. inflation showed signs of easing. The U.S. initial jobless claims released yesterday came in slightly better than the previous reading, providing some buoyancy for the dollar. While the U.S. stock market lacked …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 18 May 2024 00:00 hrs. (GMT+3) until 18 May 2024 04:00 hrs. (GMT+3). Access to MT4/MT5 accounts will not be available during the server upgrading period. All orders would not be executed during the server upgrading period. Gentle Reminder: …
Market Summary Yesterday’s U.S. inflation gauge, CPI, rattled financial markets as the dollar index (DXY) plunged nearly 1% and equity markets jumped following a reading below market consensus. The April CPI came in at 0.3%, lower than the previous month, alongside flat Retail Sales data at 0%. This downbeat economic data has …
Market Summary The Fed’s preferred inflation gauge, the Producer Price Index (PPI), was released yesterday, showing April PPI slightly above market consensus at 0.5%. Following the inflation data, Fed Chairman Jerome Powell reiterated that the U.S. central bank is likely to keep interest rates higher for longer to address persistently sticky inflation. …
Fundamental Analysis * Rate Rapture: The Euro strengthened against the dollar after comments made by Fed Chair Jerome Powell. On economic data, the US Bureau of Labor Statistics reported that both monthly headline and core Producer Price Index (PPI) exceeded expectations, with a 0.5% growth compared to the anticipated 0.3% and 0.2% …
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Market Summary In the most recent trading session, asset classes remained largely unchanged as markets awaited key U.S. inflation data. The Producer Price Index (PPI) is set for release today, followed by the Consumer Price Index (CPI) tomorrow. These figures are critical as they could influence the Federal Reserve’s monetary policy. In …
Market Summary On Friday, the U.S. dollar remained stagnant after being affected by positive initial jobless claims data, which hinted at an easing job market and potential measures from the Fed to curb inflation. U.S. equity markets continued their upward trajectory in anticipation of a more accommodative monetary policy from the Fed …
Fundamental Analysis * Demand Doldrums: Oil prices extended its decline following indications of sluggish fuel demand, coupled with remarks from U.S. Federal Reserve officials that tempered expectations of interest rate reductions. This potential lack of rate cuts could impede economic growth and limit fuel demand in the world’s largest economy. Analysts predict …
Tuesday, 14th May 2024, 14:30 – US PPI (YoY) (Apr) The Producer Price Index, which is an important gauge of wholesale-level inflation, increased by 2.1% over the 12 months leading up to March. This marks a rise from the 1.6% gain observed in February, representing its most substantial increase since April 2023. …
Market Summary Following the market’s digestion of last Friday’s soft Nonfarm Payrolls report, the dollar index (DXY) initially showed signs of recovery, inching towards the $106 mark and mitigating previous losses. However, the dollar’s upward momentum was abruptly halted by the release of the latest U.S. Initial Jobless Claims data, which surged …
Fundamental Analysis * Cooling Labor: The price of gold resumed its upward movement and climbs more than 1% following weak US jobless claims data and falling US Treasury yields, dampening demand for the US dollar. The US Department of Labor revealed that Initial Jobless Claims for the week ending May 4 climbed …
Market Summary In the last session, the financial markets experienced relative calm, with the dollar index (DXY) maintaining stability around the 105.50 level, while U.S. equity markets remained near recent highs. Notable movements were observed in the bond markets, where the 10-year benchmark yields for Australia, New Zealand, and Japan saw increases, …
Market Summary The latest session saw equity markets mainly focusing on earnings reports from prominent companies, maintaining a relatively steady position amidst a broader economic context. While last week’s softer-than-expected Nonfarm Payrolls (NFP) report temporarily influenced market sentiment, attention has shifted back to corporate performance as a key driver for stock movements. …
Fundamental Analysis * Risk-on Appetite Boosts Equity Market: The U.S. equity markets have sustained their upward trajectory, propelled by a prevailing risk-on sentiment. This optimism is underpinned by robust global investor confidence, bolstered by positive expectations surrounding trade relations, particularly with China and other major economies. All eyes are on President Xi …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Market Summary The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan’s Nikkei 225 index surged over 1% this morning upon …
Fundamental Analysis * Dovish Fed Commentary Fuels Demand for Gold: Today’s trade fundamental highlights the bullish momentum in the gold market, driven by geopolitical tensions and dovish signals from the Federal Reserve. The breakdown of the ceasefire deal in the Middle East, coupled with comments from Fed officials like Thomas Barkin and …
Market Summary Last Friday saw a notable weakening in the dollar, with the dollar index (DXY) declining to its monthly low following the underwhelming U.S. Non-Farm Payroll (NFP) report, which significantly missed market expectations. This soft job data has fueled market speculation about a possible interest rate reduction by the Federal Reserve …
Entering the world of financial trading can be as thrilling as it is challenging, with Contracts for Difference (CFD) offering a gateway to the volatile markets. Yet, even the most experienced CFD traders can sometimes find themselves stumbling through the same pitfalls. Is it a lack of knowledge, overconfidence, or just bad …
Tuesday, 7th May 2024, 06:30 – RBA Interest Rate Decision (May) During the March meeting, Australia’s central bank kept its interest rates steady at 4.35% and adopted a more relaxed approach towards tightening, suggesting growing confidence in inflation reaching its target despite economic deceleration. Following the release of March’s CPI data, hopes …
Market Summary Following Jerome Powell’s remarks subsequent to the Fed’s interest rate decision announcement, equity markets rallied in response to the dovish tone from the Fed chief, while the Dollar index continued its decline. The Fed’s dismissal of another rate hike possibility, despite persistent inflation in the U.S., contributed to the Dollar’s …
Fundamental Analysis * Yen Triumph: The Japanese Yen is maintaining its rally against the US dollar amid speculation that Japan’s financial authorities have intervened for the second time this week to support the domestic currency. According to Reuters, data from the Bank of Japan on Thursday suggests that Japanese officials may have …
Market Summary The financial markets were roiled by Jerome Powell’s remarks following the Fed’s interest rate decision announcement. Powell’s dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar. Despite ongoing signs of inflationary pressures in the U.S, …
Fundamental Analysis * Sterling Spark: The British pound strengthened against the US dollar, buoyed by positive remarks from Bank of England officials and a decline in the dollar following the Federal Reserve’s recent interest rate decision. On U.S front, the Fed maintained its benchmark rate within a target range of 5.25%–5.50%. The …
Market Summary The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year. This data underscores the tightness of the U.S. job market and raises concerns about potential inflationary pressures. Investors are eagerly anticipating the …
Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming May holidays. Please refer to the table below outlining the affected instruments: * All hours are provided in GMT+3 (Server Time in MT4/MT5.) Note: In the event of reduced liquidity …
Market Summary The Japanese Yen experienced a significant fluctuation, moving more than 500 pips against the U.S. dollar in the last trading session. This volatility was driven by market speculation regarding potential intervention by Japanese authorities after the Yen surpassed the 160 mark against the dollar. Meanwhile, market participants are also focusing …
Fundamental Analysis * Loonie Lull: The Canadian dollar, which had been trading against both the U.S. dollar and other currencies, experienced a drop. This was due to a slight recovery in the U.S. dollar and a decrease in oil prices, both contributing to the currency’s decline. On U.S front, Federal Reserve officials, …
Market Summary The U.S. Personal Consumption Expenditures (PCE) data released last Friday slightly surpassed market expectations and the previous reading, supported by recent positive economic indicators in the U.S. This bolstered the dollar index, as investors interpreted the data as a sign that the Federal Reserve may scale back its plans for …
Tuesday, 30th April 2024, 03:30 – Australia Retail Sales (MoM) (Mar) In February, retail sales in Australia saw a slight increase, fueled by heightened spending on clothing and dining out, likely spurred by popular Taylor Swift concerts drawing crowds. According to Australian Bureau of Statistics (ABS), Australia increased by 0.3 percent compared …
Market Summary The release of the U.S. GDP data yesterday sent shockwaves through the financial markets, as the GDP price index surpassed both forecasted and previous readings. This has prompted market speculation that the U.S. PCE index, scheduled for release later today, will also exceed expectations, dampening prospects for Fed interest rate …
Market Summary The U.S. equity markets saw a halt in their two-day rally, primarily pulled down by disappointing earnings from Meta Platforms. As a result, both the Nasdaq and S&P 500 were left nearly unchanged, while the Dow Jones Industrial Average closed lower. Market focus is now turning to Alphabet and Microsoft, …
Market Summary In the latest trading session, the Dollar Index retreated, failing to sustain its position above the $106 mark. This movement coincides with heightened buying interest in U.S. 2-year Treasuries, suggesting that investors are bracing for slower economic growth and potentially anticipating a Federal Reserve rate cut within the year. In …
Market Summary As we delve deeper into the earnings season, the spotlight shifts to the U.S. equity market, particularly with the impending release of earnings reports from tech giants such as Tesla, Microsoft, Meta Platforms, and Alphabet. Anticipation for a potential rally in the AI sector has fueled optimism among investors, propelling …
Fundamental Analysis * Fueling Fears: Oil prices increased slightly during early Asian trading on Tuesday, recovering from losses seen in the prior session as investors remained vigilant in evaluating the potential impact of geopolitical tensions in the Middle East. Analysts pointed out that there are numerous risks still present in the oil …
Enter the dynamic world of CFD trading, where market volatility can turn the tides in your favour. As traders scrutinise the constantly shifting landscape, an understanding of volatile currency pairs becomes essential. The key to unlocking financial growth and resilience dwells within the knowledge of how to trade volatile currency pairs effectively. …
Market Summary The market was roiled by unconfirmed reports of explosions in Iran, Iraq, and Syria, adding to the already tense atmosphere following Iran’s recent attack on Israel over the weekend. Anticipation of potential retaliation from Israel contributed to heightened nervousness in the markets throughout the week. Gold prices surged above the …
Thursday, 25th April 2024, 14:30 – US GDP (QoQ) (Q1) In March, the government revised its previous estimate, indicating that the U.S. economy expanded at a robust annualized rate of 3.4% from October to December. Initially, it reported a slightly lower growth figure of 3.2% for the same period. This growth represented …
Fundamental Analysis * Shining Bright: Gold prices continue to hold strong, supported by increased geopolitical tensions concerning Iran and Israel. As reported by The Times, Prime Minister Benjamin Netanyahu of Israel has stated that “his country will take all necessary measures to protect itself.”. The comments from PM Netanyahu came after his …
Market Summary The U.S. dollar experienced a technical retracement, easing from its 2024 peak and breaking below the $106 mark. Despite this, robust U.S. economic performance and the Federal Reserve’s hawkish stance are expected to provide underlying support to the dollar. Concurrently, the easing dollar has allowed its peers to make gains, …
Market Summary The market’s attention has shifted from Middle East tensions to remarks made by Federal Reserve Chair Jerome Powell. Powell’s recent speech signals that the U.S. central bank may opt to maintain interest rates at elevated levels for an extended period, given the backdrop of robust economic indicators and surprisingly high …
Fundamental Analysis * Sterling Stumble: The British Pound has resumed its downward trend against the dollar, following lackluster UK employment data. This has fueled speculation that the Bank of England could initiate rate cuts sooner than expected, leading to a decline in the value of the GBP.The number of claimants for unemployment …
Market Summary In yesterday’s trading session, the U.S. dollar saw appreciable gains, buoyed by stronger-than-expected U.S. Retail Sales data. This robust economic indicator has led market participants to speculate that the Federal Reserve might delay any prospective rate cuts due to persistent inflationary pressures. Amid ongoing geopolitical tensions in the Middle East, …
Market Summary Gold surged past $2400 per troy ounce, hitting record highs driven by geopolitical tensions and global uncertainty before retracing as technical indicators signalled overheating, prompting profit-taking. Despite this, gold saw a remarkable 20% surge since mid-February, catching investors off guard amid talks of Federal Reserve interest rate cuts. Geopolitical tensions …
Dear Valued Client, We are pleased to announce that PU Prime will launch new products of Indices on 22nd April 2024 to provide clients with a broader portfolio of products. Please refer to the table below outlining the new instrument: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) Please note …
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Monday, 15th April 2024, 14:30 – US Retail Sales (MoM) (Mar) According to the US Census Bureau, retail sales in the US rose by 0.6% on monthly basis in February. This reading followed a 1.1% decline registered in the initial month of the year, amounting to $696.7 billion, and fell below the …
Market Summary Gold prices surged to near-record highs, driven by a subdued US Producer Prices Index, fueling expectations of Federal Reserve rate cuts and bolstering gold’s appeal as a safe-haven asset amidst escalating geopolitical tensions, notably between Israel and Iran. Meanwhile, the US Dollar initially stumbled following lower-than-expected PPI data but rebounded …
Fundamental Analysis * • Intervention Imminent?: The Japanese Yen has reached a 34-year low against the dollar, a level not witnessed since 1990, following robust U.S. inflation data that boosted the greenback. In March, the Consumer Price Index (CPI) experienced a 0.4 percent monthly surge, exceeding the anticipated 0.3 percent increase as …
Market Summary The Dollar Index surged on the back of robust inflation data, surprising investors and challenging expectations of an imminent rate cut. US Consumer Price Index (CPI) figures outpaced forecasts for the fourth consecutive month, reaching 3.5% over the 12 months to March. This unexpected inflationary pressure prompted a reevaluation of …
Market Summary Market participants are keenly awaiting the U.S. Consumer Price Index (CPI) data set for release today, a crucial determinant of the Federal Reserve’s forthcoming monetary policy direction. In the lead-up, the Dollar Index (DXY) has experienced a downturn, struggling to stay above the critical 104.00 threshold. Concurrently, a decline in …
Dear Valued Client, PU Prime will update the symbol of Bonds CFDs products effective from 15th April 2024. Kindly refer to the table below outlining the affected instruments: Please note the above data are subject to changes. Kindly refer to MT4/MT5 for details. Important Note: Live Account: For clients with open and …
Dear Valued Client, Please be informed that our website will undergo maintenance on 10 April 2024 21:00 – 11 April 2024 03:00 (GMT+8). During the maintenance period, there might be downtime for the website. Note: Client Portal, MT4 & MT5, PU Prime application will not be affected and operations will remain uninterrupted. …
Market Summary As the financial markets brace for the forthcoming U.S. Consumer Price Index (CPI) announcement on Wednesday, U.S. equities presented a subdued performance, while the dollar index witnessed a modest decline. The anticipation surrounding the Federal Reserve’s rate-cutting measures has been significantly adjusted, with expectations now set at a 60 basis …
Fundamental Analysis * Euro Rides High: EUR/USD remains steady and post modest gains against the dollar as the current weakness in greenback currently offering some support to the major pair due to market cautiousness while investors currently eyeing on the ECB. The greenback fluctuated following a slowdown in services growth followed by …
Market Summary The U.S. labour market’s vigorous expansion, with the Non-Farm Payroll (NFP) report disclosing an impressive 303,000 job additions that exceeded both previous results and projections, accentuated the U.S. economy’s resilience and amplified concerns over enduring high inflation. Consequently, the Dollar Index (DXY) experienced a resurgence as forecasts about the Federal …
Fundamental Analysis * Peace Talk Breakthrough?: Oil prices fell by 1% due to easing tensions in the Middle East. Israel withdrew more troops from southern Gaza and committed to new discussions for a potential ceasefire in the ongoing six-month conflict. Both Israel and Hamas sent delegations to Egypt for fresh ceasefire talks …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Wednesday, 10th April 2024, 04:00 – RBNZ Interest Rate Decision The New Zealand central bank maintain its benchmark interest rate at 5.50% as expected during its previous meeting. While there was no surprise of the central bank paused rates, the less hawkish tone was a surprise as 23% of the market surveyed …
Market Summary The dollar index (DXY) briefly dipped below the pivotal $104 mark before rebounding in anticipation of the upcoming release of the Non-Farm Payrolls (NFP) report, introducing an element of volatility into the market. Recent positive economic indicators, particularly the ADP non-farm employment change figures, exceeding expectations, have buoyed market sentiment …
Fundamental Analysis * Yen On the Edge: The Japanese Yen has slowly recovered its footing against the greenback following speculation of BoJ’s potential invention in the currency market. Earlier this week, Tatsuo Yamasaki, Japan’s former Vice Finance Minister for International Affairs, stated that Japan is prepared to intervene in the currency market …
Dear Valued Client, PU Prime would launch MT4 Server Version Upgrade to the latest version from 6 April 2024 00:00 hrs. to 02:00 hrs. (GMT+3) to provide a better and more reliable trading environment. Access to trading accounts including PU Prime Apps and MT4 platform will not be available. Deposit, withdrawal, data …
Market Summary Gold prices have reached another milestone, currently trading steadily above $2300, as market sentiment leans towards the likelihood of a Federal Reserve interest rate cut this year. Federal Reserve Chair Jerome Powell’s speech yesterday reiterated the central bank’s stance, indicating that it will take more time to assess market conditions …
Fundamental Analysis * Supply Fears: Oil prices continue to climb amid concerns over reduced supply, as major producers continued to enforce output cuts, coupled with signs of robust economic expansion in the United States, the world’s largest oil consumer. The oil price is boosted by Ukraine’s attacks on Russian refineries, disrupting fuel …
Market Summary The U.S. stock market experienced a significant decline yesterday, with all three major indexes dropping by approximately 1%. This downturn occurred as U.S. long-term Treasury yields surged to their highest level since last December, fueled by robust economic data suggesting that the Federal Reserve might postpone interest rate cuts. However, …
Fundamental Analysis * Dismal mood: The Pound Sterling has fell against the dollar and its peer as the major pair remains at risk due to slowing UK inflation and negative market sentiment. On U.S front, several Federal Reserve officials discussed the monetary policy outlook on Tuesday. Loretta Mester, President of the Cleveland …
Dear Valued Client, Please note that in observance of the upcoming AU Daylight Saving Time on 7 April 2024, there will be changes to PU Prime’s trading schedule starting from 8 April 2024. Kindly refer to the table below for the schedule of all the instruments that are subject to changes: *All …
Market Summary The dollar index (DXY) surged by nearly 0.5% in the previous session, propelled by the robust ISM PMI readings surpassing the 50-mark threshold, signalling sustained economic growth in the United States. Federal Reserve Chair Jerome Powell’s relatively dovish remarks last Friday, following the release of the PCE reading within expectations, …
Market Summary The Dollar Index extended its upward trend, buoyed by hawkish remarks from Federal Reserve officials and robust inflation figures, including the Personal Consumption Expenditures (PCE) Price Index hitting 2.5% annually. Concurrently, safe-haven gold surged to record highs amidst subdued market sentiment, although concerns lingered regarding the Federal Reserve’s inflation-fighting stance. …
Fundamental Analysis * Loonie Comeback: The Canadian Dollar has surged against the dollar and other currency pairs as recent positive data release from Canada renewed confidence in Canada’s economic future, dampening expectations of immediate interest rate cuts by the Bank of Canada. In January, the Canadian Gross Domestic Product (GDP) saw growth …
Monday, 1st April 2024, 16:00 – ISM Manufacturing PMI (Mar) In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM). The contraction was due to …
Dear Valued Client, PU Prime will be upgrading its PU Prime App starting from 30 March 2024 00:00 hrs. (GMT+3) until 31 March 2024 12:00 hrs. (GMT+3) to further optimise the trading environment. We would like to highlight that access and functionality of PU Copy Trading will be temporarily suspended during the …
Market Summary The Dollar surged as upbeat U.S. GDP data, surpassing expectations at 3.4%, fueled speculation of a Federal Reserve pullback on anticipated rate cuts, heightening investor confidence in the currency. Concurrently, safe-haven gold experienced significant bullish momentum as investors hedged portfolios ahead of pivotal events despite the dollar’s ascent. Eyes are …
Fundamental Analysis * Golden Resistance: The price of the yellow metal continues to exhibit strength as the market continues to seek safe haven amidst mounting economic worries and the potential for interest rate cut. One major driver behind gold’s rapid rise is the ongoing accumulation of physical gold by central banks globally. …
Market Summary The dollar index (DXY) edged higher in anticipation of the U.S. GDP release scheduled for later today. However, it’s noteworthy that the U.S. long-term treasury yield is easing from its recent peak at 4.30%, which may exert downward pressure on the dollar’s strength. Meanwhile, the U.S. equity market, led by …
Market Summary The dollar index (DXY) saw an uptick yesterday amid favourable economic indicators, reinforcing the perception of a robust U.S. economy. Notably, the growth in Durable Goods Orders from -6.9% to 1.4% for February indicates ongoing consumption growth, potentially fueling persistent inflationary pressures. This development has caused a recalibration of market …
Fundamental Analysis * Dipping Euro: The Euro has slipped against the greenback from its weekly high following a buoyant USD supported by positive data and dovish signals from ECB. The US Census Bureau reported that Durable Goods Orders in February increased by 1.4% compared to the previous month, surpassing expectations of 1.1% …
Market Summary The market exhibited relative quietness in yesterday’s trading session as investors positioned themselves ahead of Friday’s release of the PCE index. There is a palpable sense of confusion among market participants regarding the Federal Reserve’s forthcoming monetary policy. While the U.S. central bank remains steadfast in its commitment to implementing …
Fundamental Analysis * Gaza Ceasefire on Thin Ice: The price of crude oil has climbed, fueled by increasing expectations of reduced global crude supplies as well as geopolitical tension. Reports suggest that Russia plans to decrease oil output while Ukraine persists in targeting the country’s refineries. On Gaza front, the United Nations …
Market Summary At the outset of the week, market attention is squarely focused on the upcoming release of the Fed’s preferred inflation measure, the PCE index, scheduled for Friday, alongside remarks from Federal Reserve Chair Jerome Powell following the release. Currently, the U.S. dollar is supported by persistent inflationary pressures in the …
Choosing the right CFD broker is crucial for successful trading. With so many options available, it can be overwhelming to make a decision. How do you navigate the world of CFD trading platforms and find the one that suits your needs? In this article, we will guide you through essential tips on …
Fundamental Analysis * Grim Economic Future: The New Zealand Kiwi has fell against its peers due to the country’s sluggish economic growth. Recent statistics revealed that the New Zealand economy entered a technical recession during the last quarter of 2024. Contrary to economists’ expectations of a 0.1% increase, the New Zealand Gross …
Tuesday, 26 March 2024, 14:30 – U.S Durable Goods Orders (MoM) (Feb) In January, the U.S durable goods orders have fell 6.1% vs -4.5% expected, marking the largest decrease in nearly four years, while business investment in equipment appeared to have eased, indicating a decrease in economic momentum at the beginning of …
Dear Valued Client, Please note that in observance of the upcoming EU/UK Daylight Saving Time on 31 March 2024, there will be changes to PU Prime’s trading schedule starting from 1 April 2024. Kindly refer to the table below for the schedule of all the instruments that are subject to changes: *All …
Market Summary Yesterday witnessed a pronounced rally in the dollar index (DXY), effectively nullifying the losses incurred in the preceding session, with the dollar now vying to surpass its prior resistance level at $104.15. This resurgence was underpinned by encouraging economic indicators, including robust job market data and PMI figures that exceeded …
Fundamental Analysis * SNB Surprise: The Swiss Franc experienced a sharp decline against the dollar and its peers after the Swiss National Bank’s (SNB) decision to cut interest rates by 25 basis points (bps) to 1.50% in its March meeting held on Thursday. The SNB decided to lower interest rates in response …
Market Summary The Federal Reserve announced its decision to maintain interest rates in the range of 5.25% to 5.50%, consistent with market expectations. However, Fed Chair Jerome Powell’s subsequent dovish statement indicated a commitment to rate cuts later this year, despite recent signs of inflationary pressure, as evidenced by last week’s Producer …
Market Summary The Bank of Japan (BoJ) has concluded its era of negative interest rates with its first rate hike since 2007, simultaneously ending its yield curve control (YCC) policy. Despite this adjustment, the Japanese central bank will persist in purchasing the country’s government bonds. This move has been characterised by the …
Fundamental Analysis * Yen Turbulence: The Japanese yen continue to experience depreciation against other currencies as the central bank’s reaffirmation of a dovish near-term outlook largely eclipsed any positive impact despite with BoJ interest rate hike. On Tuesday, the Bank of Japan raised interest rates by 0.1%, marking its first increase in …
Market Summary In the lead-up to pivotal interest rate decisions by the Bank of Japan (BoJ) and the Reserve Bank of Australia (RBA), global financial markets are exhibiting signs of stability. The U.S. Dollar Index (DXY) is maintaining its position above the 103.50 threshold, bolstered by last week’s Producer Price Index (PPI) …
Fundamental Analysis * Supply Squeeze: Oil prices extend its rally towards 4.5 month high as energy markets show growing concern over the ongoing decline in crude oil supplies expected to persist in the near future. Despite countries outside of the Organization of the Petroleum Exporting Countries (OPEC), notably the US, are pumping …
Market Summary The financial markets are bracing for a flurry of events this week, with central banks including the Bank of Japan (BoJ), the Federal Reserve (Fed), and the Bank of England (BoE) all set to announce their monetary policy decisions. All eyes are particularly focused on the BoJ, where there is …
Fundamental Analysis * BoJ’s Ultra-Loose Policy Hopes Soar: The Japanese Yen continue to weaken against the greenback amid anticipations that the Bank of Japan (BoJ) will maintain its expansionary policy stance during the upcoming meeting on Tuesday. Currently, numerous underlying factors support the possibility of the BoJ moving away from negative interest …
Market Summary Amidst a flurry of economic data and speculation, the Dollar Index surged on the back of stronger-than-expected inflation figures, fueling expectations of impending interest rate hikes and bolstering US Treasury yields. Concurrently, crude oil prices maintained their upward momentum as the International Energy Agency forecasted a supply deficit for 2024, …
Tuesday, 19 March 2024, 05:30 – RBA Interest Rate Decision (Mar) The RBA maintained the cash rate steady at 4.35% during its February meeting as widely expected by analysts. Reserve Bank governor Michele Bullock previously indicates her skepticism regarding the sustainability of inflation returning to the target level. Hence, the market expects …
Market Summary The Dollar Index retreated from resistance levels, as market participants applied profit-taking strategies ahead of crucial events. With attention shifting towards the pivotal Producer Price Index (PPI) and retail sales figures, investors seek insights into the economy’s trajectory and potential interest rate adjustments by the Federal Reserve. Meanwhile, US equity …
Fundamental Analysis * Fueling Momentum: The price of crude oil has soared as supply concerns intensified and rising geopolitical risk that threaten to underwhelm supply. The US Energy Information Administration (EIA) revealed that crude oil stockpiles fell by 1.5 million barrels in the prior week, a figure below the anticipated 1.34-million-barrel rise …
Market Summary The recent U.S. CPI data, indicating a year-over-year increase of 3.2%, has caused a significant shift in market sentiment, suggesting a more cautious approach by the Federal Reserve towards cutting interest rates. This hinting at a sustained period of economic pressure that could delay the anticipated easing of monetary policy. …
Fundamental Analysis * U.S data drift, Canadian woes: The Canadian Loonie has fell against the dollar as stronger-than-anticipated US inflation report weigh on market sentiment. The US inflation, as measured by the Consumer Price Index (CPI), unexpectedly increased to 3.2% YoY in February, keeping the Federal Reserve (Fed) on course to wait …
Market Summary The U.S. financial markets remained relatively calm in anticipation of the forthcoming Consumer Price Index (CPI) reading, slated for release later today. This inflation data is seen as a critical determinant for market speculation on the timing of potential monetary policy moves by the U.S. Federal Reserve. Concurrently, expectations of …
Market Summary The US Dollar faces challenges as key employment indicators present a mixed picture, with a disappointing unemployment rate and hourly earnings figures contrasting with a robust non-farm payroll report. The US Unemployment rate and Average Hourly Earnings came in at 3.90% and 0.10%, respectively, both worse than the expected 3.70% …
Dear Valued Client, We are pleased to announce that PU Prime will launch new products of Metals on 18th March 2024 to provide clients with a broader portfolio of products. Please refer to the table below outlining the new instrument: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) Please note …
Fundamental Analysis * Rate Cut Anticipation Imminent: The gold price has skyrocketed to a record high as U.S jobs data fueled expectation that the Fed could initiate interest rate cuts soon. Friday’s data revealed that the U.S. economy added 275,000 jobs last month, surpassing economists’ expectations of 160,000 new jobs. Despite the …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 10 March 2024 07:00 hrs. (GMT+2) until 10 March 2024 15:00 hrs. (GMT+3). Access to MT4/MT5 accounts will not be available during the server upgrading period. All orders would not be executed during the server upgrading period. Gentle Reminder: …
Tuesday, 12 March 2024, 14:30 – U.S CPI (YoY) (Feb) In January, the annual rate of inflation dropped less than expected to 3.1% from 3.4% in December. Numerous economists and Federal Reserve officials have cautioned that the final push to bring inflation back to the bank target of 2% would be a …
* The dollar Index (DXY) continues to plunge due to persistent dovish messages from Jerome Powell. * Gold prices continue to break their all-time high level and currently face strong resistance at the $2160 mark. * BTC has rebounded and is back to $67000 territory. Market Summary The dollar is currently experiencing …
Fundamental Analysis * Post-Fed Rate Cut Hopes: The Pound Sterling has exhibited strength against the US Dollar, driven by investor optimism regarding potential interest rate cuts by the Bank of England (BoE) after rate cut by the Federal Reserve (Fed). Market consensus anticipates rate adjustments during the upcoming June and August policy …
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* The dollar index traded to its one-month low after a Dovish Testimony by Jerome Powell. * The soft dollar has pushed the gold to break its all-time high levels with strong bullish momentum in sight. * BTC rebounded and is back to $67000 territory. Market Summary The Powell testimony that began …
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Fundamental Analysis Eurozone Booms: Powell Sparks Buzz: The EUR/USD climbs to five-week high after the release of Eurozone Retail Sales data showed shoppers continued spending liberally in January and Fed’s Powell affirms hopeful inflation outlook. On the data front, Eurozone Retail Sales experienced a milder-than-expected decline of 1.0% at the beginning of …
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs …
Fundamental Analysis BoC Buzz: USD/CAD surges to a three-month high following a gloomy market sentiment while market participants waiting for Bank of Canada’s interest rate call which will be announced on Wednesday. The Bank of Canada is anticipated to maintain the current interest rate at 5% for the fifth consecutive time. As …
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 …
Fundamental Analysis Warm Winter Chill: Crude oil price saw a modest decline on Monday with anticipated prolonged voluntary output reductions by the OPEC+ coalition through mid-year being offset by challenges in demand. Despite OPEC+ announcement to extend cuts, the ending of mild winter in the Northern Hemisphere which could reduce demand counteracts …
* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Market Summary Last week’s release of ISM PMI readings, which …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: Please …
Wednesday, 6 March, 15:15 – ADP Nonfarm Employment Change (Feb) In January, private payroll growth decelerated to 107,000, falling short of expectations and reflecting a decrease from the downwardly revised figure of 158,000 in December. While this data implies a prudent commencement in the private sector labor market, it is noteworthy that …
The much-anticipated U.S. PCE reading, the Federal Reserve’s preferred inflation gauge, was released yesterday, meeting market expectations at 2.4%. The much-anticipated U.S. PCE reading, the Federal Reserve’s preferred inflation gauge, was released yesterday, meeting market expectations at 2.4%. As the market awaits comments from Federal Reserve officials regarding the PCE inflation gauge, …
The Dollar Index underwent considerable volatility, fluctuating within a range of approximately 0.3% in the recent session. The Dollar Index underwent considerable volatility, fluctuating within a range of approximately 0.3% in the recent session. This movement followed a mixed bag of U.S. economic data. On one hand, the last quarter’s U.S. GDP …
The Dollar Index continues to trade within a narrow range, exhibiting minimal change with a marginal increase of 0.02% in the last session The Dollar Index continues to trade within a narrow range, exhibiting minimal change with a marginal increase of 0.02% in the last session. Concurrently, U.S. equity markets find themselves …
Japan’s Core Consumer Price Index (CPI) data exceeded market expectations at 2%, strengthening the Japanese Yen against other major currencies. The bullish momentum in U.S. equity markets appears to be tapering off, trading flat in anticipation of the crucial U.S. Personal Consumption Expenditures (PCE) reading. This data is poised to influence market …
The robust U.S. stock markets, having reached record highs, paused for breath last Friday, reflecting a momentary halt in their bullish momentum. The robust U.S. stock markets, having reached record highs, paused for breath last Friday, reflecting a momentary halt in their bullish momentum. Conversely, the dollar index has maintained a subdued …
Dear Valued Client, Please be advised of the upcoming Walmart Inc. (WMT) stock split that is going to take place as per the following schedule: Ex-Date: February 23rd, 2024 (GMT+2, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. The primary motive is to make the shares more affordable …
The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia’s impressive earnings report. The U.S. stock markets, particularly the Nasdaq, have experienced a significant surge, reaching record high levels, largely driven by Nvidia’s impressive earnings report, which signals a positive outlook for …
Wednesday, 28 Feb, 03:00 – RBNZ Interest Rate Decision In November, the RBNZ maintained its interest rate at 5.50%. Nevertheless, the central bank had earlier indicated a possible rate increase in 2024, citing persistent inflation. Despite the economy technically being in a recession, global markets are bracing for a potential unexpected interest …
The dollar index exhibited a narrow range of movement following the much-anticipated release of the FOMC meeting minutes yesterday. The dollar index exhibited a narrow range of movement following the much-anticipated release of the FOMC meeting minutes yesterday. As anticipated, board members expressed concerns about the potential risks of cutting rates too …
As the FOMC January meeting minutes loom, the Dollar Index (DXY) is losing steam, struggling to maintain its value above $104. As the Federal Open Market Committee (FOMC) January meeting minutes loom, the Dollar Index (DXY) is losing steam, struggling to maintain its value above $104. Conversely, gold prices are surging due …
China has executed its most substantial cut on record to the five-year loan prime rate in an effort to stimulate its economy. China has executed its most substantial cut on record to the five-year loan prime rate in an effort to stimulate its economy. However, the equity markets, including Hang Seng, have …
The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data The US Dollar undergoes a notable retreat driven by profit-taking activities following recent gains, fueled by optimistic economic data suggesting a delay in Federal Reserve interest rate cuts. Despite the pullback, the dollar’s overall …
Dear Valued Client, Please be informed that PU Prime will be having an upgrade on its MT4/MT5 servers between 00:00 hrs. (GMT+2) until 05:00 hrs. (GMT+2) on February 17. Access to MT4/MT5 accounts will not be available during the server upgrading period. We would also like to highlight that all orders would …
The Retail Sales figure disappointed at -0.8%, marking its lowest point since January 2023. This has fueled expectations for a potential rate cut by the Federal Reserve in May. The much-anticipated U.S. Retail Sales figures failed to sustain positive sentiment following the robust Consumer Price Index (CPI) reading unveiled last Tuesday. Despite …
The Dollar Index (DXY) experienced a moderation in its bullish momentum due to prevailing profit-taking sentiment in the market. The Dollar Index (DXY), initially bolstered by a positive Consumer Price Index (CPI) reading, experienced a moderation in its bullish momentum due to prevailing profit-taking sentiment in the market. Nevertheless, the steadfastly hawkish …
Dear Valued Client, We are pleased to announce that PU Prime will launch new product of ETFs on 20th February 2024 to provide clients with a broader portfolio of products. Please refer to the table below outlining the new instrument: *All time are provided in GMT+2 (Server Time in MT4/MT5.) Please note …
After a four-week climb, the Dollar Index sees a slight pullback as investors engage in profit-taking The Dollar Index retreats after a four-week climb as investors engage in profit-taking ahead of key inflation data, influenced by positive economic indicators hinting at a potential delay in the Federal Reserve’s easing policy. The US …
Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East. Ceasefire talks took a gloomy turn as Israeli Prime Minister Benjamin Netanyahu rejected the Gaza deal, deeming it “delusional.” This geopolitical uncertainty …
Several Fed officials have made consistent statements following last week’s interest rate decision and the disclosure of the Nonfarm Payroll. Several Fed officials have made consistent statements following last week’s interest rate decision and the disclosure of the Nonfarm Payroll. Jerome Powell and his colleagues have emphasised that the strength of the …
The Hang Seng Index has continued to show strength for the second consecutive session, with the Chinese government support. The Hang Seng Index has continued to show strength for the second consecutive session, with the Chinese government directing the China sovereign fund to provide support to the Chinese equity markets. In contrast, …
The dollar maintained its strength and continued to rise, propelled by robust economic data released yesterday. The dollar maintained its strength and continued to rise, propelled by robust economic data released yesterday. Higher-than-expected ISM PMI figures indicated ongoing strength in the U.S. economy despite elevated borrowing costs. The U.S. equity markets faced …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
Non Farm Payroll (NFP) is a monthly report released by the US Bureau of Labor Statistics that measures the number of jobs added or lost from the previous month in the non farm sector. It is a critical economic indicator as it provides insights into the performance of the labor market, including …
The robust U.S. Nonfarm Payroll report released last Friday, with a reading of 353k has significantly impacted the market The robust U.S. Nonfarm Payroll report released last Friday, with a reading of 353k, higher than the previous 333k, has significantly impacted the market. The data suggests that the U.S. labour market remains …
U.S. equity markets staged a rebound fueled by impressive earnings reports, and this positive sentiment spilled over to Asian markets U.S. equity markets staged a rebound fueled by impressive earnings reports, and this positive sentiment spilled over to Asian markets, including Hong Kong and China, which all opened on a positive note. …
Monday, 5 Feb, 17:00 – US ISM Non-Manufacturing PMI (Jan) In November, the US non-manufacturing PMI increased to 52.7 from 51.8, rebounding from a 5-month low. However, economists anticipate a decline in demand for services in the current quarter as consumers redirect a greater portion of their spending towards goods. Tuesday, 6 …
Jerome Powell emphasised that the central bank is not in a rush to shift its monetary policy and has ruled out near-term interest rate cuts The Federal Reserve’s interest rate decision aligned with market expectations, maintaining the rate at its current level. However, the notable aspect of the event unfolded in the …
The U.S. dollar has been trading sideways recently, as market participants await the pivotal Federal Reserve interest rate decision The U.S. dollar has been trading sideways recently, as market participants await the pivotal Federal Reserve interest rate decision, along with the release of the Federal Open Market Committee (FOMC) meeting minutes scheduled …
Promotion has ended, for more recent promotions, refer to https://www.puprime.com/promotions As the month of February approaches, love is in the air, and hearts are aflutter with anticipation for the most romantic day of the year – Valentine’s Day. In the spirit of celebrating love and connection, we are excited to introduce our special …
The PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The Federal Reserve’s preferred inflation gauge, the PCE reading, revealed last Friday, contributed to a decline in the strength of the dollar. The inflation data, aligning with market expectations at 2.6%, suggests that pricing pressures in …
The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. The U.S. equity markets continue to surge, propelled by a rally in tech stocks, notably led by Nvidia—the world’s largest chip maker. Optimistic earnings outlooks from Nvidia suggest that the …
Wednesday, 31 Jan,21:00 – US Fed Interest Rate Decision Economists suggest the U.S. Federal Reserve may delay interest rate cuts until the second quarter, with June more likely than May. This adjustment follows comments from Fed Chair Jerome Powell last month, initially shifting expectations to March. Thursday, 1 Feb,14:00 – BoE Interest …
In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the previous day. In the financial markets, the U.S. long-term treasury yield held firm above 4.1%, contributing to a slight uptick in the U.S. dollar’s value on the …
U.S. equity markets saw upward momentum, driven by a rally in tech stocks. The U.S. dollar maintained a sideways trajectory as market participants awaited more cues from the U.S. Personal Consumption Expenditures (PCE) data that is due on Friday. Investors are keenly observing developments that could provide insights into the upcoming monetary …
The market is dominated by speculation regarding an early rate cut by the Federal Reserve, leading to record highs in U.S. equity markets The market is dominated by speculation regarding an early rate cut by the Federal Reserve, leading to record highs in U.S. equity markets. Despite a recent slide in the …
The greenback experiences a slight easing as the U.S. Congress approves funding for government spending The U.S. economic data continues to underscore robust performance, contributing to the dollar’s strength. However, the greenback experiences a slight easing as the U.S. Congress approves funding for government spending, alleviating concerns about a potential government shutdown …
The U.S. dollar secured its fifth consecutive session of gains, continuing its upward trajectory following a better-than-expected U.S. Retail Sales data. The U.S. dollar secured its fifth consecutive session of gains, continuing its upward trajectory following a better-than-expected U.S. Retail Sales data. Robust economic indicators, including a rebound in the Consumer Price …
The U.S. dollar maintained its upward trajectory, putting pressure on both gold and equity markets. Despite a relatively dovish speech from Fed governor Christopher Waller, the U.S. dollar maintained its upward trajectory, putting pressure on both gold and equity markets. Wall Street faced selling pressure as early bets on Fed rate cuts …
The U.S. dollar has experienced a resurgence, reaching its highest level in a month, propelled by a revival in U.S. treasury yields. The U.S. dollar has experienced a resurgence, reaching its highest level in a month, propelled by a revival in U.S. treasury yields. This rebound signals a departure from earlier speculation …
Dollar remains range-bound near resistance, with conflicting signals from the U.S. – robust economic performance juxtaposed with dovish Federal Reserve statements. The Dollar Index remains range-bound near resistance, with conflicting signals from the U.S. – robust economic performance juxtaposed with dovish Federal Reserve statements, obscuring its trajectory. Despite a U.S. holiday pausing …
Dear Valued Client, To ensure the continued performance, reliability, and security of our systems, PU Prime will upgrade its system on: PU Prime Applications: 13th January 2024 between 00:00 AM (GMT+2) to 15th January 2024 00:00 AM (GMT+2) Access to our PU Prime Application will not be available during the hours mentioned …
Oil prices experienced a significant rally as geopolitical tensions heightened in the Red Sea. Oil prices experienced a significant rally, reaching their highest level in 2024, as geopolitical tensions heightened in the Red Sea. Following a retaliatory move by the U.S. against Houthi attacks on ships, airstrikes were launched, escalating tensions and …
Wednesday, 17 Jan, 09:00 – UK CPI (YoY) (Dec) In November, the UK’s Consumer Price Index (CPI) rose 3.9% year-over-year, down from October’s 4.6% surge. Expectations for a modest decrease to 4.3% were surprised by the decline, prompting speculation about a potential interest rate cut by the Bank of England in 2024, …
U.S. equities climbed in anticipation of the upcoming earnings season, driven by tech giants like Microsoft, Meta, and Nvidia. However, gains were tempered as investors prepared for the release of the U.S. CPI U.S. equities climbed in anticipation of the upcoming earnings season, driven by tech giants like Microsoft, Meta, and Nvidia. …
Dear Valued Client, Please be informed that our website will undergo maintenance on 11 Jan 2024 16:00 – 11 Jan 2024 22:00 (GMT+2). During the maintenance period, there might be downtime for website. Note: Client Portal, MT4 & MT5, PU Prime application will not be affected and operations will remain uninterrupted. For …
U.S. Dollar displayed subtle strength, with investors redirecting their attention toward the impending release of critical U.S. inflation data (CPI) In yesterday’s market, the U.S. Dollar displayed subtle strength, with investors redirecting their attention toward the impending release of critical U.S. inflation data (CPI). As anticipation grows, the prevailing sentiment of a …
The reassurance from Fed officials that the targeted inflation rate of 2% may soon be achieved provided a dovish perspective in the market. In anticipation of the upcoming U.S. CPI release on Thursday, the dollar retreated from its consolidation range. The reassurance from Fed officials that the targeted inflation rate of 2% …
The U.S. job market exceeded expectations, leaving the financial market perplexed about the strength of the economy despite the prevailing high-interest rate environment. Last week, the U.S. job market exceeded expectations, leaving the financial market perplexed about the strength of the economy despite the prevailing high-interest rate environment. The diminished belief in …
Thursday, 11 Jan, 15:30 – US CPI (YoY) (Dec) The consumer price index surged to 3.0% in November, surpassing the Fed’s 2% target, indicating continued advancement. The Fed’s commitment to sustaining elevated rates until inflation stabilises is a focal point for markets, alongside their future signals. Friday, 12 Jan,09:00 – UK GDP …
The U.S. ADP Nonfarm Employment Change exceeded expectations, reaching 164k, signaling the resilience of the job market. The U.S. ADP Nonfarm Employment Change exceeded expectations, reaching 164k, signalling the resilience of the job market. Simultaneously, Initial Jobless Claims dropped to 202k, indicating a robust labour market. U.S. equity markets responded by trading …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
The U.S. dollar strengthened, driven by the Hawkish narrative revealed in the meeting minutes. U.S. equity markets registered a second consecutive decline following the release of the December Federal Reserve meeting minutes. The U.S. central bank signalled an intention to maintain interest rates at a restrictive level for an extended period until …
The global bond market experienced selling pressure as traders scaled back expectations of interest rate cuts from major central banks, including the Federal Reserve. The global bond market experienced selling pressure as traders scaled back expectations of interest rate cuts from major central banks, including the Federal Reserve. The U.S. Treasury saw …
The U.S. dollar continued its ascent on the first trading session after returning from the New Year holiday. The U.S. dollar continued its ascent on the first trading session after returning from the New Year holiday. All eyes are set on the upcoming U.S. Purchasing Managers’ Index (PMI) reading scheduled for tomorrow, …
The U.S. Chicago Purchasing Managers’ Index (PMI) reading significantly dropped to 46.9, falling below both the previous reading and market consensus. The U.S. Chicago Purchasing Managers’ Index (PMI) reading significantly dropped to 46.9, falling below both the previous reading and market consensus. This suggests a contrasting economic landscape in the U.S. However, …
Despite dollar rebound, persistent speculation surrounding a potential dovish pivot by the Federal Reserve continues to exert downward pressure on the U.S. dollar. U.S. equity markets managed to eke out modest gains during the last trading session, contrasting with a pullback observed in Asian stock markets. The recovery in the U.S. 10-year …
Tuesday, 2 Jan, 05:30 – RBA Interest Rate Decision (Dec) At its latest interest rate decision, the Reserve Bank upheld its benchmark rate at 4.35%. The RBA’s stance on potential monetary policy tightening hinges on incoming data and evolving risk assessments, highlighting the board’s steadfast commitment to achieving target inflation. Friday, 5 …
Investors strategically position themselves for an anticipated Federal Reserve interest rate cut in the coming year. Investors strategically position themselves for an anticipated Federal Reserve interest rate cut in the coming year, evident in the robust market demand observed during recent auctions for U.S. short-term treasuries. The heightened appetite for U.S. Treasury …
Investors anticipate an early rate cut by the Federal Reserve next year Asian markets have edged up following a surge in U.S. equity markets, which attained record highs as investors anticipate an early rate cut by the Federal Reserve next year. The U.S. dollar remains subdued, contributing to the continued rise in …
As Christmas and Boxing Day festivities take Centre stage globally, financial markets are characterized by a tranquil opening to the week. As Christmas and Boxing Day festivities take centre stage globally, financial markets are characterised by a tranquil opening to the week. Major currencies, including the dollar, have maintained stability in their …
The U.S. Personal Consumption Expenditures (PCE) price index falling short suggests a slowdown in inflation, contributing to the persistent dovish sentiment from Fed officials. The US Dollar continues its decline, with increasing speculation about the Federal Reserve’s dovish stance, particularly after the latest U.S. economic data released last Friday. The U.S. Personal …
Traders are eagerly awaiting the release of U.S. GDP data later today as they seek insights into the overall strength of the dollar. The U.S. equity markets experienced selling pressure yesterday, retreating from their record high levels. This downturn was accompanied by a rebound in the VIX index, known as the fear …
The U.S. dollar lost steam, with the dollar index retracing more than 0.3% yesterday. . The dovish tone from Richmond Fed president, weighed on Dollar demand. The U.S. dollar lost steam, with the dollar index retracing more than 0.3% yesterday. The dovish tone was reinforced by the Richmond Fed president, in contrast …
Dear Valued Client, Please be advised of the upcoming Canopy Growth Corp (CGC) stock split that is going to take place as per the following schedule: Ex-Date: December 20th, 2023 (GMT+2, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. The primary motive is to make the shares more …
The dollar index received a boost from a hawkish tone adopted by Federal Reserve officials, including the New York President and Chicago President. The dollar index received a boost from a hawkish tone adopted by Federal Reserve officials, including the New York President and Chicago President. This stance dampened market speculation of …
Wednesday, 20 Dec, 09:00 – UK CPI (YoY) (Nov) In October, U.K. inflation dropped significantly to 4.6% from the previous month’s 6.7%. The Bank of England successfully met its goal to cut inflation by half this year. This suggests that the return of inflation to the Bank of England’s 2% target might …
ECB & BoE have announced their interest rate decisions, leading to the appreciation of both the euro and the British pound last night The European Central Bank (ECB) and the Bank of England (BoE) have announced their interest rate decisions, leading to the appreciation of both the euro and the British pound …
The Fed chief struck a dovish tone in his statement following the interest rate decision. Discussions around when policymakers might start cutting rates emerged The Federal Reserve’s interest rate decision aligned with market expectations, as the U.S. central bank maintained interest rates for a third consecutive meeting. However, despite a positive Nonfarm …
Traders are on edge, awaiting Federal Reserve Chair Jerome Powell’s speech later today for insights into the Fed’s upcoming monetary policy. The eagerly anticipated U.S. Consumer Price Index (CPI) reading was unveiled last night, aligning with market expectations and indicating signs of moderation in the country’s inflation rate. In contrast to the …
Market focus is now trained on the impending U.S. Consumer Price Index (CPI) reading, anticipated to influence the dollar’s trajectory. The U.S. Dollar is holding firm above the $103.50 level, buoyed by the positive momentum gained from upbeat U.S. job data released last Friday. Market focus is now trained on the impending …
The US Dollar staged a robust rebound on stellar employment figures, with Nonfarm Payrolls exceeding expectations at 199K and the unemployment rate declining to 3.70%. The US Dollar staged a robust rebound on stellar employment figures, with Nonfarm Payrolls exceeding expectations at 199K and the unemployment rate declining to 3.70%. This unexpected …
Governor Ueda remarked on the exploration of diverse options to navigate the country out of its negative interest rate regime leading to a substantial 2% drop in the USD/JPY pair overnight The Japanese Yen staged a robust rally in the previous session, leading to a substantial 2% drop in the USD/JPY pair …
Tuesday, 12 Dec, 15:30 – US CPI (MoM) (Nov) In October, the Consumer Price Index (CPI) remained at 0.0%, below the predicted 0.1%, sustaining stability after a 0.4 percent rise in September. The broader all items index indicated a slowdown, reflecting a trend of price stability across various sectors. Wednesday, 13 Dec, …
In yesterday’s highly anticipated release of the ADP Non-Farm Unemployment Change data, the dollar failed to gather momentum as the figure came short. In yesterday’s highly anticipated release of the ADP Non-Farm Unemployment Change data, the dollar failed to gather momentum as the figure came short. Persistent downward pressure on the dollar’s …
The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial NFP The latest U.S. Job Opening data, dropping to its lowest level since March 2021 at 8.73 million, offers a preliminary insight ahead of the crucial Non-Farm …
Wall Street’s bullish momentum showed signs of easing, coinciding with the U.S. dollar stabilising ahead of the eagerly anticipated U.S. job data (NFP) Wall Street’s bullish momentum showed signs of easing, coinciding with the U.S. dollar stabilising ahead of the eagerly anticipated U.S. job data (NFP) set for release this Friday. Market …
The market remains firmly convinced that the U.S. central bank is poised for such actions next year, gold prices briefly reaching an all-time high at $2146. Despite Jerome Powell, the Federal Reserve Chief, attempting to push back on rate-cut expectations, the market remains firmly convinced that the U.S. central bank is poised …
Tuesday, 5 Dec, 05:30 RBA Interest Rate Decision (Dec) The Organisation for Economic Co-operation and Development (OECD) has predicted that rates in Australia have reached its peak, an outlook supported by the country’s Treasurer Jim Chalmers. The RBA rate is currently at a 12-year high of 4.35%, with just 2% of the …
Despite OPEC+ announces production cuts, oil traders remained unconvinced, leading to a nearly 3% plunge in oil prices overnight. The efficacy of these cuts is questionable as they are implemented on a “voluntary” basis. Despite OPEC+ announces production cuts, oil traders remained unconvinced, leading to a nearly 3% plunge in oil prices …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
Market attention is currently focused on the OPEC+ meeting scheduled for today, with widespread expectations that further oil production cuts will be on the agenda, potentially fueling a surge in oil prices. The surge in the U.S. Treasury prices has led to a decline in Treasury yields, placing the U.S. dollar under …
The festive season isn’t just about jingle bells and merry-making; it’s also a time when the financial markets like the forex market introduce unique market dynamics that demand careful navigation from traders. As Christmas approaches, understanding the nuances of forex trading during Christmas is crucial for capitalising on potential trading opportunities while …
Prominent figure on Wall Street, Bill Ackman, is speculating that the Federal Reserve (Fed) is poised to cut rates as early as the first quarter of the upcoming year. Prominent figure on Wall Street, Bill Ackman, is speculating that the Federal Reserve (Fed) is poised to cut rates as early as the …
U.S. long-term treasury yields have retraced to recent lows downside pressure on the U.S. dollar U.S. long-term treasury yields have retraced to recent lows, adding sparking discussions about the possibility of the Federal Reserve cutting rates next year; this has added downside pressure on the U.S. dollar, with the dollar index reaching …
The U.S. equity market is set to return to normal trading hours after the Thanksgiving holiday; The VIX index reaching its lowest level since January 2020 The U.S. equity market is set to return to normal trading hours after the Thanksgiving holiday; meanwhile, with the VIX index reaching its lowest level since …
Copy trading is a trading technique that allows traders to replicate the trading strategies of seasoned and successful traders called signal providers, by following them on a copy trading platform. It is becoming a popular technique for beginners looking to leverage on the experience of skilled traders. However, copy trading also comes …
Dear Valued Client, PU Prime would like to launch MT4 & MT5 Server Version Upgrade to the latest version from 25 Nov 2023 00:00 to 26 Nov 2023 23:59 Server Time (GMT+2) to provide a better and more reliable trading environment. Latest MT4 Server: Version 1380 Latest MT5 Server: Version 3980 Server …
Amidst the Thanksgiving holiday, with the U.S. equity market closed, market observers anticipate subdued trading in the Dollar Index (DXY). Amidst the Thanksgiving holiday, with the U.S. equity market closed, market observers anticipate subdued trading in the Dollar Index (DXY) and gold prices throughout the festive season. Concurrently, the trajectory of oil …
The Week Ahead: Week of 27 Nov (GMT+2) Tuesday, 28 Nov, 17:00 – US CB Consumer Confidence (Nov) In October, U.S. consumer confidence dropped for the third consecutive month, sliding from 104.3 to 102.6. This decline, influenced by concerns over inflation and increased borrowing expenses, suggests a lack of market confidence in …
The scheduled OPEC meeting slated for the upcoming weekend has been deferred to November 30th, resulting in a nearly 1% dip in oil prices In an unexpected turn of events, the scheduled OPEC meeting slated for the upcoming weekend has been deferred to November 30th, resulting in a nearly 1% dip in …
Nvidia’s quarterly report beat expectations; however, the company’s share prices dropped about 2% after the closing bell. In a much-anticipated earnings release, Nvidia’s quarterly report beat expectations; however, the company’s share prices dropped about 2% after the closing bell. This unexpected downturn interrupted the recent winning streak in U.S. equity markets, dampening …
In this ever-changing landscape of financial markets, copy trading and manual trading are two distinct approaches that stand out. Both methods cater to a wide spectrum of traders with varied levels of experience and risk appetite, each offering unique benefits and challenges. In this blog article, we will delve into the intricacies …
Nasdaq ascended to nearly a two-year high, driven by anticipation surrounding Nvidia’s upcoming report. US dollar has slid to its lowest point since September Recent market dynamics have seen a surge in risk-on sentiment, with global equities rallying fervently. The Nasdaq has ascended to nearly a two-year high, driven by heightened anticipation …
Recent weak U.S. economic data, hinting at slowed growth and contained inflation, suggests the Federal Reserve might be near the end of its tightening cycle. Recent downbeat economic data from the U.S., which indicates a moderation in economic performance and contained inflation, has led the market to believe that the Federal Reserve …
The financial markets experienced a relatively subdued session overnight, as lacking significant catalysts. Investor attention remains focused on the APEC forum The financial markets experienced a relatively subdued session overnight, lacking significant catalysts to drive decisive movements. Investor attention remains focused on the APEC forum, with particular interest in the meeting between …
The U.S. dollar staged a modest recovery following a notable decline on Wednesday. However, the latest U.S. Retail Sales data surpassed expectations, supporting the greenback’s upward nudge. The U.S. dollar staged a modest recovery following a notable decline on Wednesday, spurred by indications of easing inflation from the U.S. CPI report. However, …
The Dollar Index took a substantial hit, plummeting over 1.5% in the wake of the U.S. Consumer Price Index (CPI) release. The Dollar index took a substantial hit, plummeting over 1.5% in the wake of the U.S. Consumer Price Index (CPI) release. The data indicated a softening of inflationary pressures, leading the …
The US dollar remains in a holding pattern as investors brace for a week of pivotal events. Markets expect the October Consumer Price Index (CPI) will set at a 0.10% monthly rise. The US Dollar remains in a holding pattern as investors brace for a week of pivotal events. All eyes are …
Dollar staged a significant rebound driven by hawkish sentiments from Federal Reserve members, particularly emphasised by Federal Reserve Bank of San Francisco President Mary Daly. The US Dollar staged a significant rebound driven by hawkish sentiments from Federal Reserve members, particularly emphasised by Federal Reserve Bank of San Francisco President Mary Daly. …
Dear Valued Client, PU Prime recently completed a system upgrade on the following date and time. Client Portal / IB Portal: 11th November 2023 between 03:00 AM (GMT+2) to 10:00 AM (GMT+2). PU Prime Applications: 11th November 2023 between 03:00 AM (GMT+2) to 10:00 AM (GMT+2). We are pleased to inform that …
The Fed Chair’s stern warning indicated that the Fed’s monetary tightening efforts are far from concluded, prompting a resurgence of the dollar’s strength. Jerome Powell’s speech yesterday sent ripples through the financial markets, disrupting the U.S. equity markets’ winning streak. The Fed Chair’s stern warning indicated that the Fed’s monetary tightening efforts …
The Week Ahead: Week of 13 Nov (GMT+2) Tuesday, 14 Nov, 15:30 – US CPI (MoM) (Oct) The recent consumer price index, which serves as a significant indicator of inflation, rose by 0.4%. Several Federal Reserve officials have expressed the view that these increases might eliminate the necessity for additional policy tightening. …
The VIX index, a key measure of fear in the U.S. equity market, plummeted by over 20% in November, indicating a rising risk-on sentiment among investors. The VIX index, a key measure of fear in the U.S. equity market, plummeted by over 20% in November, indicating a rising risk-on sentiment among investors. …
Oil prices tumbled nearly 5% as the demand outlook dimmed. China’s upcoming economic data, promise further fluctuations in oil prices. In a sharp turn, oil prices tumbled nearly 5% as the demand outlook dimmed, exacerbated by a substantial surge in U.S. crude stockpiles revealed in the API weekly data. This surge implied …
Dear Valued Client, To ensure the continued performance, reliability, and security of our systems, PU Prime will upgrade its system on: Client Portal / IB Portal: 11th November 2023 between 03:00 AM (GMT+2) to 10:00 AM (GMT+2). PU Prime Applications: 11th November 2023 between 03:00 AM (GMT+2) to 10:00 AM (GMT+2). Access …
Dear Valued Client, PU Prime are pleased to announce a leverage adjustment for all MT5 Shares CFDs products to 1:5 for new positions opened 30 minutes after market reopens and 30 minutes prior market close starting from 13 November 2023 to further enhancing the trading environment. Please refer to the table below …
In a significant market shift, gold prices have witnessed a notable downturn as tensions in the Middle East show signs of abating. In a significant market shift, gold prices have witnessed a notable downturn as tensions in the Middle East show signs of abating. Israel’s decision to implement a ceasefire for humanitarian …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …
The dollar index plummeted following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data. The dollar index plummeted to September levels following last Friday’s U.S. Nonfarm Payroll report and the Unemployment rate data, indicating a softening job market and further easing U.S. inflation. Despite the softening dollar, commodity prices including …
In the rapidly evolving realm of financial markets, the position of a signal provider has become notably prominent. As someone well-versed in market trends and trading tactics, you have the chance to impart your knowledge and, potentially, generate income by assisting others in their trading endeavours. Learn the steps to follow to …
Before the release of the U.S. Nonfarm Payroll report, the dollar index faced a significant setback following disappointing U.S. job data. In anticipation of the pivotal U.S. Nonfarm Payroll report slated for release today, the dollar index faced a significant setback, dropping nearly 0.5% overnight. This decline follows disappointing U.S. job data, …
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers to further enhance the performance and services: The Server Upgrade schedule are as follows: • First Phase : 4 November 2023, 02:00 hrs. to 03:00 hrs. (GMT+3) • Second Phase: 5 November 2023, 07:00 hrs. to 14:00 hrs. (GMT+3) Access to MT4/MT5 accounts …
The world of trading in financial markets has changed dramatically as a result of the groundbreaking idea of copy trading. It provides a chance for traders who are beginner traders to learn and benefit from the expertise of seasoned traders. This novel approach has attracted a great deal of attention due to …
The Japanese yen weakened against the USD after the Bank of Japan (BoJ) maintained its dovish stance. The Japanese Yen weakened against the USD, hitting its lowest level since last October, after the Bank of Japan (BoJ) maintained its dovish stance in its recent interest rate decision. Investors now anticipate a shift …
Dear Valued Client, We are pleased to announce that PU Prime will launch new product of US Shares CFDs on 6th November 2023 to provide clients with a broader portfolio of products. Please refer to the table below outlining the new instrument: *All time are provided in GMT+2 (Server Time in MT4/MT5.) …
Amidst deepening tensions in the Middle East conflict, gold surged past its pivotal $2000 mark, propelled by the expansion of ground warfare. Amidst deepening tensions in the Middle East conflict, the market’s gaze remains fixated on evolving dynamics. Gold surged past its pivotal $2000 mark, propelled by the expansion of ground warfare. …
The US Dollar experienced a relatively flat day, marked by robust GDP growth at 4.90% while Initial Jobless Claims worse-than-market expectations at 210K The US Dollar experienced a relatively flat day, marked by robust GDP growth at 4.90% while Initial Jobless Claims worse-than-market expectations at 210K. Gold markets adopted a cautious stance, …
Copy trading has become a game-changing phenomenon in the dynamic world of modern finance, affecting how both new and seasoned traders interact with the markets. This new way of trading enables individuals to imitate the trades of more seasoned and successful traders and learn from their expertise. In this comprehensive guide, let’s …
The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. The Japanese yen has weakened to a one-year low at 150 per dollar, raising the spectre of potential currency intervention. Alphabet’s disappointing earnings report sent shockwaves through the US equity market, triggering …
Favourable U.S. PMI data, coupled with better-than-expected Eurozone economic figures, led to the dollar rebounding above the $106 level. Amidst improving conditions in the Middle East conflict, international leaders and the United Nations advocate for Humanitarian Pauses to facilitate essential aid access for civilians. Gold prices remained stable, but oil prices faced …
The US dollar experienced a decline of over 0.5% as the US long-term bond yield touched the 5% mark. Hamas militants freed 2 hostages while Israel delayed a ground attack and provided relief from the heightened tension in the Middle East region. Meanwhile, China’s surprising affirmation of Israel’s right to self-defence injected …
Dear Valued Client, Please note that in observance of the upcoming Daylight Saving Time in EU/UK, there will be changes to PU Prime’s trading schedule from 29th October 2023. Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note the …
Israel’s decision to halt its ground invasion of Gaza has temporarily eased Middle East tensions. Amid diplomatic efforts to calm the Middle East conflict, Israel’s decision to halt its ground invasion on Gaza has momentarily eased tensions. Oil prices faced resistance at $90, leading to a decline since last Friday, while gold …
Copy Trading has swept the investment world by storm in today’s fast-paced financial landscape. Both novice and seasoned traders now approach the markets differently, thanks to this innovative practice. In this comprehensive guide, we will go deep into what is copy trading, shed light onto how it works, and cover the benefits …
Despite visits by the U.S. president and the U.K.’s prime minister to Israel, gold and oil prices surge due to Middle East tensions. Despite diplomatic efforts by world leaders, including planned visits by the U.S. president and UK’s prime minister to Israel, gold and oil prices continue to surge in response to …
The Week Ahead: Week of 23 October (GMT+3) Wednesday, 25 October, 17:00 – CA BoC Interest Rate Decision In September, Canada’s annual Consumer Price Index (CPI) showed a decline in inflation from 4% in August to 3.8%. The Bank of Canada’s upcoming rate decision will be crucial, as it previously held the …
President Biden in Israel, leading global efforts to de-escalate Middle East conflict, causing surges in gold and oil due to regional tensions. U.S. President Joe Biden, alongside UK Prime Minister Sunak, stepped foot in Israel, leading international efforts to de-escalate the Middle East conflict. The heightened regional tensions propelled commodity prices, with …
Escalating tensions in the Middle East ahead of the U.S. The President’s visit to Israel cast a shadow. Gold and oil prices rallied amid stalled ceasefire efforts in Gaza. Escalating tensions in the Middle East cast a shadow as the anticipated visit of the U.S. President to Israel looms on Wednesday. Against …
U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Amid escalating Middle East tensions, Western allies have intensified diplomatic efforts. U.S. President Joe Biden’s upcoming visit to Israel signals a show of support, bolstering market confidence. Equities surged, reflecting improved risk appetite, while traditional safe-havens …
Safe-haven assets such as gold and the US Dollar have experienced a substantial upswing in response to the deepening Middle East conflict. Safe-haven assets such as gold and the US Dollar have experienced a substantial upswing in response to the deepening Middle East conflict. As tensions escalated on the Israel-Lebanon border, with …
Log in to your Client Portal – click “Withdraw Funds” – select your “Account Number” then input “Withdrawal amount” to be withdrawn and click “Continue”. Choose the Cryptocurrency at the right section of “Withdraw Method” and select the corresponding Cryptocurrency (Bitcoin/USDT) Scroll down and fill in your wallet address, ensure that you have …
Log in to your Client Portal – click “Deposit Funds – select “Cryptocurrency” – click on corresponding cryptocurrency method you wish to use to deposit funds – fill in Account Number and Amount and press “Submit” – you will then be directed to a new window displaying a wallet address – copy …
Market sentiment shifted significantly after the U.S. Consumer Price Index data exceeded expectations, along with strong Initial Jobless Claims figures. Market sentiments shifted significantly following the release of yesterday’s U.S. Consumer Price Index (CPI) data, which surpassed expectations. Coupled with robust Initial Jobless Claims figures indicating a resilient labour market, investors are …
The dollar remains subdued due to the Fed’s balanced assessment of inflation and recession risks. The dollar struggles below the $106 mark as the Federal Reserve adopts a dovish stance, signalling a potential end to its rate-hiking cycle. Despite a stronger-than-expected U.S. Producer Price Index (PPI), the dollar remains subdued due to …
What Is The Israel-Hamas War About? The Gaza-Israel conflict, commonly referred to as the Israeli-Palestinian conflict, is a protracted dispute between Israel and the Palestinian organisation Hamas. The conflict has gone on tumultuously for decades, but Hamas decided to launch an unprecedented attack against Israel on 7 October by deploying armed troops …
US Dollar tumbled ahead of several crucial market events, including CPI, PPI as well as FOMC Meeting Minutes Investors navigated a cautious market terrain as more Federal Reserve officials echoed dovish sentiments, indicating the necessity of maintaining rates at a restrictive level to curb inflation. Anticipation mounts ahead of the September FOMC …
The dollar index lost momentum following a dovish tone from Federal Reserve officials. In a surprising turn, the dollar index lost its momentum following a markedly dovish tone from Federal Reserve officials, igniting widespread speculation that the central bank might maintain interest rates through 2023’s end. This sentiment shift occurred amidst rising …
The week started with a surge in gold prices, driven by the escalating conflict in the Middle East involving Israel and the Palestinian militant group Hamas. The week kicked off with a surge in gold prices, climbing nearly 1%, driven by the escalating conflict in the Middle East involving Israel and Palestinian …
Dear Valued Client, Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly. Expiration dates: *All …