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Showing results for: "US"

USD/JPY Zigzag Amid Mixed Signal.

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 …

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USD/CHF Rose On Robust US Labor Market Data

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, …

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PU Prime Adjusts Maximum Leverage And Lowers Stop-Out Level

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Will Fed Push Back On Rate Cut Next Week?

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 …

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USD/JPY Rebounds On Weak Japan Data, Positive Risk Sentiment

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 …

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MT4/MT5 Pro Account Adjustment Notice

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 …

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GBP/USD Rose As Weak PMI Data Weigh On Dollar

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Gold Slumps Amid Rising US Treasury Yield

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Aussie Dollar Tumbles Following Hawkish FOMC

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Aussie Falls on Fed’s Tough Stance, Rising US Yields

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 …

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US Share CFDs Products Adjustment Notice

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 …

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USD/CAD Declines As US Inflation Moderates.

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 …

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USD/JPY Sees Strongest Demand Amid Fading “Yentervention”

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Crude Oil Gains Following US Crude Inventories Fell

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 …

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Canadian Dollar Weakens Despite US NFP Missed

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Gold Falls As US Dollar Rises On Strong Core PCE Inflation.

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% …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Aussie Dollar Remain Steadfast Following U.S Data.

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 …

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Trade Of The Day: Riding The USD/JPY Momentum

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 …

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USD/CAD Drops On Weak U.S PMI, Sparks Rate Cut Hopes

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 …

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Market Focus On Earnings Report

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 …

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Aussie Dollar Recovers As Risk Sentiment Improves

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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EUR/USD Steady Amid Renewed Selling Pressure On Greenback

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, …

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Share CFDs Products Adjustment Notice

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 …

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USD/CAD Extend Gains Amid Upbeat U.S Data

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 …

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Aussie Recovers, Mideast Risks May Limit Upside

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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UK100/UK100ft Trading Hours Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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AUD/USD Plunged Amid Dovish RBA

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Aussie Dollar Soars After Strong Jobs Data, Post-FOMC

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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GBP/USD Fell Amid Strong U.S Data, BoE Governor Comments

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 …

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USD/JPY Drops On BoJ’s Negative Rate Exit Speculation

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Trading Schedule Changes for US Daylight Saving

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 …

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Trade Of The Day: US Manufacturing PMI Miss, Gold Soars

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Trade Of The Day: Is EUR/USD Finally Escaping Consolidation?

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Understanding MetaTrader 4: How To Use MT4 For Beginners?

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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CPI Strength Hinders Fed Rate Cut; Focus On FOMC minutes.

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, …

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Robust CPI Report Sparks Surge In Dollar Demand

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 …

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US Share CFDs Products Adjustment Notice

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 …

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Dollar Holds Steady in Anticipation of US CPI

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 …

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Federal Reserve in No Hurry for Rate Cut; Investors Focus on Inflation Data

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Dollar Holds Steady, All Eyes On US GDP Release 

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Restrictive Monetary Policy Impact On US GDP

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Shares CFDs Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Dollar Hits 1-Week Low, Focus On PCE Report

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 …

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Hawkish RBA Meeting Minutes Buoys Aussie Dollar

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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What Is Santa Claus Rally And What It Means To Stock Traders

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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 …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Existing Home Sales May Experience Further Declines

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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RBA Contemplates Rate Hike Amid Surging House Prices

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 …

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Fed’s Rate Pause Pressures Dollar’s Strength

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 …

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Gold Dips From $2000 Amid Central Bank Focus

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 …

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Trading Hour Schedule Changes for US Daylight Saving

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Market Anticipates Pause In Rate Hike

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. …

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How Do Contrarian Traders Use A Contrarian Trading Strategy

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Indices Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Existing Home Sales Faces Challenges

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 …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Labor Market Raises Concerns

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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MT5 US Shares CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Fed’s Rate Pause And Dollar Fluctuating

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Economists Expect Fed To Pause Rate Hikes

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Euro And Sterling Tumble With Lacklustre Economic Data

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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The Impact of Rate Hikes On US Home Sales And Services PMI

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 …

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US Share SRE Stock Split Notice

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 …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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CPI Falls Short Of Market Consensus, Dollar Stands Pat

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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CFD Rollover Notice for August

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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China’s Economic Stimulus Package Spurs Stock Markets

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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The US Housing Market Will Be In Focus In The Upcoming Week

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Aussie Dollar Gains Ahead Of RBA Rate Decision

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 …

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US Share CFDs Products Adjustment Notice

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 …

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Resilient US Dollar And Robust Banks: Key Market Highlights

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, …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Data Releases Are Expected To Provide Insights Into The US Job Market

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 …

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Equity Markets Positive After Russia Mutiny Resolved

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 …

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Stock Markets Slide As Russian Instability Continues

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 …

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Russia Mutiny Spurs Risk-Off Sentiment

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 …

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High Inflation Across Multiple Countries: A Focus On Upcoming Significant Data

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Dollar Surrenders After Rate Pause Decision

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Hawkish Tone From The Fed After Rate Pause

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 …

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Higher Chance For Rate Pause With Softer CPI

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%, …

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Focus On The Upcoming Fed Interest Rate Decision

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Asian Equities Rise On China Stimulus Package

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 …

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US Federal Reserve Signals June Hike Skip

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 …

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All Eyes On U.S. Senate For Debt Ceiling Conclusion

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Debt Limit Bill Vote Passes The House

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 …

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Dollar Surges On Robust Economic Data, Fueling Investor Confidence

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Dollar Surges On Positive Data And US Debt Ceiling Deal

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, …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment On Index Dividend Notice

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. …

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Soft CPI Give Fed Room To Pause Rates

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 …

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US CPI Shows Signs Of Moderation But Caution Still Advised

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 …

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Business Intelligence Developer

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 …

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Customer Support

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 …

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US Share CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Fed Meeting Goes As Expected, Signals Potential Hike Pause

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 …

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Nasdaq Leads Wall Street Rally as US Tech Earnings Shine

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Asian Shares Dip Amid Cautious Trading

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 …

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Markets Cautious Ahead of Earnings Season

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Dollar Dips as Inflation Falls Short. 

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Tech Shares Push Wall Street Higher

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Fed is not Pausing Rate Hike

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Trading Schedule Changes for US Daylight Saving

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, …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Top Commonly Used Forex Trading Strategies For Beginners

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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4 Benefits Of Using MT4 For Forex Traders

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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WTI Crude Oil Cash (USOUSD) Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Must-Know Gold Trading Tips

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Brent Crude Oil Cash (UKOUSD) Optimisation Notice

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 …

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Trading Hour Schedule Changes for US Daylight Saving

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Liz Truss Resigns from Office

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 …

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PU Prime Awarded Best Customer Service at Forex Expo Dubai 2022

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, …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Currencies Hit Record Levels Against USD

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Optimisation Notice

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 …

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US to Place Cap on Russian Oil

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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G7 Backs Price Cap on Russian Oil

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Cooling US CPI Numbers Give Hope for Soft Landing 

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% …

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CFD Rollover Notice for August

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Musk Kills Twitter Deal

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US CPI Sees Yield Curve Inversion

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 …

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US Dollar Index Consolidates Ahead of US NFP Report

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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PU Prime Picks Up “Best Mobile Trading App Europe 2022” and “Best Affiliate Partnership Program Europe 2022” at the International Business Awards

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 …

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US Share CFDs Products Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Shares CFDs – Facebook Symbol Change Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Russia Cuts Gas to Finland

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Poor Retailer Earnings Lead Another US Stock Rout

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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EU Considering Sixth Round of Sanctions Against Russia

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Rate Hike Overshadows US ADP Nonfarm Employment Figures

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 …

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Russia Cuts Gas to Poland and Bulgaria

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Shares Rout on Inflation Fears

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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OPEC: Russian Crude “Nearly Impossible” to Replace

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, …

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Upcoming Weekly Adjustment on Index Dividend Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US ADP Nonfarm Data Points To Half-Point Rate Hike

On Wednesday afternoon March 30 (GMT+3), the US ADP Nonfarm Employment Change data reported an increase in 455,000 jobs. This figure is slightyly more than the expected increase of 450,000, and down from the previous month’s value of 486,000. While higher than expected, March’s ADP Employment numbers are still the lowest seen …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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US Share CFDs Products Optimisation Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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How to Use PU Prime’s Resources to Become a Better Trader

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Russia invades Ukraine

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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PUPRIME US Share CFDs Products Adjustment Notice

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 …

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Russian Invasion of Ukraine Imminent

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Unexpected Fed Dovishness Causes USD Drop and Gold Rise

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 …

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Commodities (Crude Oil) Leverage Adjustment Notice

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 …

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Chances of 50-point Rate Hike Increases as US CPI Hits 40-year High

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Gold rises as US ADP Nonfarm Employment massively underperforms

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Fed Expected to Expedite Rate Hikes as US CPI Beats Expectations

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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PUPRIME Indices Leverage Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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Crude Oil Product Leverage Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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DAX30 Index Expansion Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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PUPRIME CHF Products Margin Level Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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PUPRIME CFD Rollover Notice for August

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 …

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Indices Trading Hours Adjustment Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

PUPRIME Indices Leverage Adjustment Notice

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 …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

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PUPRIME TW50 Trading Adjustments Notice

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 …

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PUPRIME VIX & USDX Switching Notice

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 …

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Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

Upcoming Weekly Adjustment on Index Dividend Notice

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. …

Read More

PUPRIME XAGUSD Margin Level Adjustment Notice

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) …

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PUPRIME USDX & VIX Switching Notice

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 …

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Conclusion

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 …

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US Election 2020 Important Notification

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 …

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How to use order manage risk

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 …

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Oil Price Gains Following Positive Demand Outlook

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 …

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PU Prime App and MT4/MT5 Server Upgrade Notice

Dear Valued Client, PU Prime will be upgrading it’s PU Prime App and MT4/MT5 servers starting from 16 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 …

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Soft CPI Hammers Dollar 

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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Join PU Prime’s Euro 2024 Predictor Games And Win Rewards

Calling all football fans and trading enthusiasts! PU Prime is gearing up for the Euro Cup with a sizzling summer promotion brimming with exciting games, incredible prizes, and a chance to snag a share of a whopping $2,480 prize pool! What Is PU Prime’s Euro 2024 Predictor Game Promotion? The Promotion Period …

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Dollar Calm ahead of FOMC Minutes

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 …

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Gold’s Strategic Moves Ahead of Crucial Economic Events

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 …

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Dollar Steadies As The Market Await For FOMC Minutes

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 …

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Nasdaq Hits Record Highs On AI Hype

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 …

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NFP Shocks Market, Triggers Dollar Surge

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, …

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Market Awaits For Crucial NFP

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 …

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CFD Rollover Notice for June

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 …

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Dollar Hammers By Soft U.S. Job Data

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 …

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Kiwi Surge Amid Fed Rate Cut Bets, Positive China Data

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 …

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MT4/MT5 Account Optimisation Notice

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 …

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Oil Plummet On U.S. Crude Inventory Surge

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 …

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Loonie Slips On BoC Rate Cut Expectation

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, …

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Soft PMI Reading Hammers Dollar Lower

* 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 …

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Soft PCE Boost Equity Market

* 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 …

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Upcoming Changes to Trading Hours

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 …

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All Eye On Today’s PCE Reading

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 …

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NVDIA Stock Split Notice

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 …

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Non-Farm Payrolls Report: Market Movers Ahead?

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 …

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Oil Dips On Surprise Fuel Build, Weak Demand

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, …

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Dollar Fuels By Strong Treasury Yield

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 …

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Oil Prices Bullish As Geopolitical Tension Escalates

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 …

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Yen Falters Amid Poor Economic Data

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 …

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Commodity Surge As Geopolitical Tension Rise

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 …

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Euro Gains On Stronger PMI, Soft Dollar

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 …

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Dollar Dips Ahead Of Key Data, Fed Insights

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 …

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Pound Remain Steady Despite Weak Data

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. …

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Surprise or Steady? April’s Core PCE Data to Set Market Tone

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 …

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Dollar Gain on Hawkish Fed Prospect

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 …

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New Zealand Kiwi Dips Amid Fears Of Fewer Fed Cuts

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 …

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Dollar Surge on Hawkish FOMC Meeting Minutes

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% …

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Dollar Dilemma: FOMC Caution

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 …

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Dollar Rebound on Fed’s Hawkish Tone

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 …

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Gold Soars Amid Rising Expectation of Central Bank Rate Cuts

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 …

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Gold Prices Back to All-time High Territory

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 …

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Euro Gains Amid Firm Speculation Of Fed Rate Cut.

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 …

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Eyeing on Today’s Euro CPI

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 …

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Week Ahead Spotlight: CPIs, Retail Sales, RBNZ Rates!

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 …

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Eyeing on Today’s Euro CPI

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 …

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Server Upgrade Notice

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: …

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Soft CPI Hammers Dollar to Monthly Low

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 …

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Gold Surge on Soften Dollar

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. …

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Euro Jumps As Fed’s Powell Signals Prolonged Rates

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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Master The Art Of Weekly Planning For CFD Traders

In CFD trading, having solid strategies is essential for long-term success. Without a structured plan, trading can be like sailing without a compass. Weekly planning provides direction and focus, helping traders manage risks and adapt to market changes. It’s not just an administrative task but a strategic exercise that enhances trading skills …

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Japan’s Long-term Treasury Yield Surge

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 …

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BoJ Trim Bond Buying Amid Weakening Yen

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 …

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Oil Price Slips On Sluggish Fuel Demand

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 …

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Eye on the Horizon: Market Anticipate Inflation Data Ahead

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. …

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Soft U.S. Job Data Hammers Dollar

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 …

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Gold Surge Amid Weak U.S Jobs Data, Fed Rate Cut Speculation

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 …

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All Eye on BoE’s Monetary Decision Today

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, …

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Hawkish Fed’s Comment Strengthen The Dollar

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. …

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Nasdaq Breaks Key Resistance As Risk-On Sentiment

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 …

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CFD Rollover Notice for May

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 …

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Yen Drop on Japan FX Officials Comment

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 …

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Ceasefire Deal Stumbles: What’s Next For Safe-Haven Gold?

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 …

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Soft NFP Spurs Stock Market

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 …

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Top Mistakes In Trading A CFD Trader Makes

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 …

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RBA and BoE Take Center Stage Amidst U.S. Light Week

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 …

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All Eye Will Be On Today’s NFP

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 …

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Yen Rose On Possible Japanese Intervention Fears

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 …

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Dollar Hammers By Dovish Powell Statement

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, …

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Pound Rose On BoE Positive Comments, Soft U.S Dollar

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 …

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Dollar Strengthens On Strong U.S. Wage Data

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 …

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Upcoming Changes to Trading Hours

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 …

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Japanese Yen Fluctuation Eases after Rumour Clear

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 …

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Loonie Weakens Ahead Of GDP, Oil Price Weigh.

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, …

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Japanese Yen Seesaw after Hitting 160 Mark

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 …

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Fed Faces Inflation Heat: What’s Next for FOMC?

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 …

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All Eyes on Today’s U.S. PCE

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 …

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Eye On U.S. GDP Today

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, …

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Wall Street Closes Higher On Profit Optimism

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 …

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U.S. Stock Markets Rebound On Profit Optimism

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 …

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Oil Prices Rise As Investors Evaluate Middle East Risk

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 …

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What Are The Most Volatile Currency Pairs? How To Trade Them

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. …

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Unconfirm Explosion Stimulates Commodities Prices

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 …

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Market Clash With Rate Uncertainty: Can Data Bring Clarity?

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 …

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Gold Price Gains on Risk Aversion, Fed’s Bostic Remarks

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 …

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Oil Prices Plummet On Strong U.S. Crude Inventories Build-up

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, …

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Dollar Fuels By Powell Hawkish Statement

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 …

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Pound Sterling Decline Amid Weak UK Employment Data

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 …

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Upbeat U.S. Retail Sales Boost Dollar

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, …

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Safe-Haven Surge Amid Rising Middle East Tensions

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 …

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New Product Launch

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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Signs You Are Ready To Start Live Trading

Are you tired of just watching from the sidelines? Dreaming of taking your trading skills to the next level and diving into the exciting world of live trading? It’s a leap that many traders aspire to make, but it’s crucial to determine if you are truly ready before making that transition. Live …

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Inflation Takes the Wheel: Brace for Impact!

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 …

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Gold Surges On Escalating Middle East Tensions

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 …

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Yen Fell Amid U.S Inflation Data, Spark Intervention Fears

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 …

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Dollar Surges on CPI Beat, Gold Pressured

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 …

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All Eye on the U.S. CPI

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 …

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Bonds CFDs Symbol Change Notice

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 …

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Website Maintenance Notice

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. …

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Gold Prices At All-Time High Ahead Of CPI

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 …

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Euro Held Steady Following Dollar Weakness, Eye On ECB

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 …

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Strong NFP Bolsters The Dollar

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 …

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Oil Price Plunged As Middle East Tension Subsided

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 …

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CFD Rollover Notice for April

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 …

Read More

Rate Rumble: RBNZ, BoC, And ECB Take Centre Stage

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 …

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Dollar Buoys By Optimistic NFP Expectation

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 …

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Yen Rebounds On BoJ’s Potential Intervention

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 …

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MT4 Server Version Upgrade Notice

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 …

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Bullish Gold Trades To All-Time High

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 …

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Oil Price Rose On Supply Concerns

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 …

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Dollar Eases Ahead Of Jerome Powell Speech

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, …

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Pound Remains Defensive Amid Slowing UK Inflation.

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 …

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Trading Schedule Changes for AU Daylight Saving

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 …

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Upbeat PMI Readings Bolsters Dollar

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, …

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Dollar Dominance: Fed’s Hawkish Remarks

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. …

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Loonie Rises On Bright Economic Outlook

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 …

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Market Welcomes Easter, Will Data Egg-cites Next Week?

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 …

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PU Prime App Upgrade Notice

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 …

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Dollar Gains On Upbeat U.S. GDP Data

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 …

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Gold Price Near Record High Following Economic Uncertainty

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. …

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U.S. Equity Market Rally Ahead of GDP

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 …

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Dollar Bolsters By Upbeat Economic Data

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 …

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Euro Fell On Strong Dollar, Dovish ECB Outlook

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% …

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Market Trades Dully Ahead Of PCE

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 …

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Oil Price Rose On Tighter Supply Bets, Gaza Ceasefire Doubt

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 …

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Sticky Inflation Bolsters Dollar

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 …

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How To Choose The Best CFD Broker?

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 …

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Kiwi Plummeted Amid Bleak Economic Prospects In New Zealand

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 …

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Fed’s Dovish Surprise: Will PCE Amplify Further Next Week?

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 …

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Trading Schedule Changes for EU/UK Daylight Saving

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 …

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Dollar Rebounds Strongly On Upbeat Economic Data

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 …

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Swiss Franc Plunges Following SNB Surprise Rate Cut

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 …

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Dollar Dive on Fed’s Dovish Statement

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 …

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BoJ Dovish Rate Hike Weaken Japanese Yen

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 …

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Yen Plunges On BOJ Dovish Talk, Expect More Weakness

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 …

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Gold Price Rebounds Ahead Of FOMC Meeting

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) …

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Oil Extends Rally Amid Tight Supply Concern

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 …

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All Eye On BoJ Interest Rate Decision

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 …

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Yen Slips On BoJ’s Continued Loose Policy Expectation

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 …

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Fears Of Inflationary Pressure Drive Dollar Rebound

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, …

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Central Banks’ Rate Decision: The Week to Watch.

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 …

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Dollar Flat, Eye On Pivotal Economic Data

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 …

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WTI Surges On Inventory Dips And Geopolitical Woes

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 …

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U.S. CPI Top Estimation Strengthening Dollar

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. …

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Loonie Weakens On U.S Data, Canada Economy Concern

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 …

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Financial Market Stall Ahead Of CPI

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 …

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Gold Surges To Record Highs As Gloomy Outlook

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% …

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New Product Launch

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 …

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Gold Soars As U.S Jobs Data Boost Early Rate Cut Bets

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 …

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Server Upgrade Notice

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: …

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Powell Promises Rate Cut, Will Next Week CPI Report Impact?

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 …

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Dollar Faces Strong Headwind From Dovish Fed

* 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 …

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Trade Of The Day: Pound Surges Post-Fed, BoE Rate Cuts Expected

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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Navigating Trading Losses With Our Easter Promotion

Are trading setbacks leaving you feeling discouraged and uncertain about the future of your investments? It’s time to turn those losses into opportunities with PU Prime’s exclusive Easter promotion. Discover how you can navigate trading losses and rejuvenate your portfolio with our special offers and strategies. Key Takeaways * Turn trading setbacks …

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Dovish Powell’s Testimony Hammers Dollar

* 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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A Comprehensive Guide Of MT4: What Is MT4?

Key Takeaways * MT4 is a widely utilized electronic trading platform in the realm of online retail foreign exchange (forex) speculation.  * MT4 offers a user-friendly interface and powerful features for traders of all levels. * The platform is compatible with various devices, including Windows, Mac, iOS, and Android. * Traders can …

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Trade Of The Day: Euro Soars On Upbeat Data And Powell’s Remarks

 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 …

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Gold Skyrocketing Ahead Of Powell’s Testimony

* 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 …

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Trade Of The Day: Loonie Weakens Ahead of BoC Rate Decision

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 …

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Financial Market Await Powell’s Testimony

* 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 …

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Trade Of The Day: Oil Price Fell On Weak Demand Concerns

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 …

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Poor PMI Reading Weigh On Dollar’s Strength

* 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 …

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CFD Rollover Notice for March

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 …

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Will U.S Jobs Data Make or Break Dollar Next Week?

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 …

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U.S. PCE Reading Boost Dollar Strength

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, …

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Dollar Eases On Low GDP Growth

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 …

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Dollar Stall Ahead Of 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 …

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Upbeat Japanese CPI Fuels Yen’s Strength

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 …

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All Eyes On Japan’s CPI

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 …

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WMT Stock Split Notice

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 …

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Raving Sentiment In The U.S. Stock Markets

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 …

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Fed Meeting Minutes Align with Expectations; PCE Price Index and GDP in Crosshairs.

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 …

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Fed’s Tightening Policy Remain, Meeting Minutes Shows

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 …

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Dollar Eases Ahead Of FOMC Meeting Minutes

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 …

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China Cuts Mortgage Rate To Revive Property Market

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 …

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Dollar Retreats On Profit-Taking, Eyes On FOMC Minutes

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 …

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Server Upgrade Notice

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 …

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Soft Retail Sales Hammers Dollar

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 …

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Dollar Ease On Profit-Taking Sentiment

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 …

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New Product Launch

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 …

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Dollar Flat: Investors Await Key Inflation Report

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 …

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Oil Prices Surge On Geopolitical Uncertainty

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 …

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Fed’s Hawkish Tone Buoys The Dollar

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 …

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Hang Seng Stock Index Rebounds Strongly

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, …

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U.S. Dollar Remain Strong On Upbeat Economic Data

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 …

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CFD Rollover Notice for February

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 …

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What Is NFP And Why Is It Important In Trading?

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 …

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Upbeat NFP Stimulates Dollar

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 …

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U.S. Dollar Eases Ahead Of Nonfarm Payroll

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. …

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Federal Reserve Maintains Interest Rates At 23-Year High, March Rate Cut Is Unlikely

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 …

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Powell’s Hawkish Statement Stirs Equity Market

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 …

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Yen Stimulates by Hawkish BoJ meeting minutes

The Japanese Yen gained strength following the release of the Bank of Japan (BoJ) meeting minutes, where discussions about the potential end of the negative rate policy were noted. The Japanese Yen gained strength following the release of the Bank of Japan (BoJ) meeting minutes, where discussions about the potential end of …

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Dollar Poise Ahead Of Interest Rate Decision

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 …

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Start Copy Trading In PU Prime App This Valentine’s Day

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 Valentine’s Day promotion – Match Your Moves, bringing you …

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U.S. PCE Pressures Dollar To Trade Lower

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 …

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All Eye On U.S. PCE Data

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 …

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Anticipated Fed Interest Rate Decision

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 …

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U.S. Dollar Edges Higher Ahead Of GDP 

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 …

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U.S. Equity Markets Trade At All-Time High

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 …

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All Eyes On BoJ Interest Rate Decision

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 …

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U.S. Government Shutdown Averts Fuels Risk-On Sentiment

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 …

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Dollar Gain On Upbeat Retail Sales Figure

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 …

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Dollar Strengthen As Fed Rate Cut Speculation Wane

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 …

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Dollar Strengthen As Sentiment Shift

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 …

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Gold Surges On Geopolitical Unrest

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 …

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PU Prime Application Upgrade Notice

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 …

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Oil Prices Jump As Red Sea Tension Escalates

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 …

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Fed May End Tightening, Expects Lower Borrowing Costs

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, …

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Stock Market Edges Higher Ahead Of CPI

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. …

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Website Maintenance Notice

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 …

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Dollar Strengthens Ahead Of CPI

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  …

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Dovish Fed Statement Hinders Dollar’s Strength

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% …

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Upbeat U.S. Job Market Fuels Treasury Yield

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 …

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Federal Reserve’s Stance On Elevated Rates Amidst Inflation Signals

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 …

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Upbeat Job Data Fuels Dollar Strength

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 …

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CFD Rollover Notice for January

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 …

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Hawkish Fed Meeting Minutes Boosts Dollar

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 …

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Dollar Gains As The U.S. Treasury Plunges

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 …

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Dollar Edges Higher When The Market Resumes

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, …

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Dollar Gain Despite Poor PMI Reading

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, …

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Dollar Rebound Despite Job Market Soften

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 …

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RBA’s Rate Hike Determined By Incoming Data

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 …

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Dollar Slump On Rate Cut Speculation

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 …

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Global Markets Surge On Rate Cut Anticipation

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 …

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Market Sideways While Celebrating Christmas

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 …

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Downbeat PCE Hinders Dollar

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 …

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All Eyes On U.S. GDP

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 …

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Dollar Plunges On Reinforced Fed Dovish Stance

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 …

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CGC Stock Split Notice

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 …

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Fed’s Hawkish Tone Bolsters Dollar

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 …

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UK Nearing 2% Inflation Target

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 …

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Euro and GBP Gain after Rate Decision Unveils

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 …

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Powell’s Dovish Tone Hammers Dollar’s Strength

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 …

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All Eyes On Jerome Powell Speech Today

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 …

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All Eyes On U.S. CPI Reading

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 …

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Dollar Surges On Exceptional Jobs Data

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 …

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Yen Rallies On BoJ Hawkish Comment

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 …

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Economists Anticipate The Fed To Keep Rates Steady In December

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, …

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Dollar Mutes As U.S. Job Data Comes 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. 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 …

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Dollar Bolsters Due To PMI Readings

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 …

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Dollar Gains Ahead Of 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) 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 …

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Gold Prices Raise To All Time High On Rate-cut Speculation

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 …

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Nonfarm Payrolls Forecasted At 175K Increase

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 …

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Oil Prices Decline On OPEC+ Meeting Result

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 …

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CFD Rollover Notice for December

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 …

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All Eyes On OPEC+ Meeting

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 …

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Should I Trade Forex During The Christmas Season

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 …

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Dollar Slides Ahead Of PCE

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 …

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Dollar Weakens As The Treasury Yield Slumps

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 …

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VIX At Record Low, Sparks Equity Market

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 …

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Risk Management Strategies You Will Need For Copy Trading

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 …

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MT4 & MT5 Server Version UpgradeNotice

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 …

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Market Muted While Celebrating Thanksgiving

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 …

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Anticipation Of RBNZ Holding High Rates

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 …

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Oil Prices Declines On OPEC Delay Meeting

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 …

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Dollar Drops On Dovish FOMC Minutes

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 …

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What Is The Difference Between Copy Trading And Manual Trading

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 …

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Risk-on Sentiment Sparks Equity Market

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 …

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Equity Market Bolstered By Fed Rate Peak Speculation

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 …

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Oil Prices Drop To 4-Month Low

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 …

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Dollar Gains On Upbeat Retail Sales

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, …

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Soft CPI Lead To DXY Crashes

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 …

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Dollar Stalls Ahead Of Key CPI Release

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 …

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Dollar Resurgence: Fed’s Hawkish Tone Sparks Market Shifts

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. …

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PU Prime System Upgrade Completion Notice

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 …

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Powell’s Hawkish Tone Fuels Dollar’s Strength

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 …

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Continued Worries About Oil Prices and Supply

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. …

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All Eyes On Jerome Powell’s Speech

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. …

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Oil Prices Plummet On Bearish U.S. Oil Data

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 …

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PU Prime System Upgrade Notice

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 …

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MT5 Shares CFDs Optimisation Notice

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 …

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Gold Prices Declines On Softening Middle East Conflict  

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 …

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CFD Rollover Notice for November

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 …

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Dollar Index Plummets On Soft NFP And Unemployment Rate  

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 …

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How To Be A Signal Provider On Copy Trading Platforms

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 …

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All Eyes On U.S. Nonfarm Payroll

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, …

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Server Upgrade Notice

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 …

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Master Essential Copy Trading Tips For Beginners

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 …

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Japanese Yen Slides On BoJ Dovish Stance

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 …

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New Product Launch

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.) …

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Gold Prices Hit $2000 As Middle East Tension Escalates

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. …

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Dollar Steadies: Investors Await PCE Report For Market Direction

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, …

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How To Choose The Best Copy Trading Platform

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 …

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Yen Breaks 150 Level, Sparking Intervention Speculation

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 …

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Dollar Strengthens On Upbeat PMI Reading

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 …

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Dollar Plunges on Treasury Yield Surge

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 …

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Trading Hour Schedule Changes for EU/UK Daylight Saving

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 …

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Middle East Conflict De-escalation Eases Gold Prices

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 …

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Exploring What Is Copy Trading And How Does It Work?

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 …

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Powell’s Dovish Statement Hammers Dollar

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 …

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Upcoming Major Country Central Bank Interest Rate Decision

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 …

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Escalating Middle East Conflict Strengthens Gold Prices

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 …

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Intensifying Middle East Conflict Bolsters Gold Price

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 …

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Dollar Softens As Middle East Tension Eases

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 …

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Middle East Tensions Fuel Safe-Haven Surge

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 …

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How to withdraw funds via Cryptocurrency?

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 …

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How to deposit funds via Cryptocurrency?

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 …

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Upbeat CPI Boosts Dollar’s Strength

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 …

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Dollar Softens On FOMC’s Dovish Stance

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 …

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How Is The Israel-Hamas War Affecting Oil And Gold Prices

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 …

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Dollar Softens Ahead Of FOMC Meeting Minutes

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 …

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Dollar Softens On Fed’s Dovish Tone

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 …

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Middle East War Bolsters Gold Prices

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 …

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CFD Rollover Notice for October

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 …

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Dollar Mutes Ahead Of Nonfarm Payroll

Before the release of Nonfarm Payroll, U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in the dollar index and gold prices. U.S. equity markets exhibited a subdued stance, mirrored by the sideways movement in both the dollar index and gold prices, all eyes turned toward the eagerly anticipated …

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A Week For Insights Into The Major Country’s Inflation

The Week Ahead: Week of 9 October (GMT+3) Wednesday, 11 October, 09:00 – EU German CPI (MoM) (Sep) In August, there was a 0.3% month-on-month increase in German consumer prices. The economy is expected to contract in the third quarter and show only modest growth in the fourth. Wednesday, 11 October, 15:30 …

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Dollar Ticks Lower By Poor Job Data

The US dollar plunged below the pivotal $107 threshold, following a mere 89,000 increase in private-sector employment in the last month. The US dollar faced a setback, plunging below the pivotal $107 threshold, following lacklustre private-sector job data showing a mere 89,000 increase in employment last month, marking its lowest figure since …

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The Yen’s Decline Sparks Speculation of Intervention

Japanese Yen Surges as USD/JPY Breaks Key 150 Level Amidst Speculation of Bank of Japan Intervention The financial landscape remains turbulent as global markets react to a host of impactful factors. The Japanese yen’s sudden dipped after hitting the pivotal 150 level has spurred speculation about potential intervention by Japanese authorities. Meanwhile, …

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Fed’s Hawkish Stance Bolsters Dollar

In a staunch show of strength, the dollar advances due to the market consensus towards the Fed maintaining elevated interest rates to combat persistent inflation. In a staunch show of strength, the dollar advances, driving the dollar index towards $107, bolstered by the Federal Reserve’s recent communication. The market consensus leans heavily …

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Equity Market Soars After U.S. Government Shutdown Averted

The dollar index held steady, while U.S. treasuries maintained robust levels when the threat of a U.S. government shutdown was averted. Global equity markets surged on the heels of reassuring news: the threat of a U.S. government shutdown was averted, instilling confidence across the board. Although tempered after breaching the $106 threshold, …

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Dollar Eases From Alleviates U.S. Government Shutdown Fears

US Dollar pulled back as investors took profits. Attention now turns to the upcoming PCE Price Index release for insights into US inflation The U.S. dollar, which had reached its peak since December, experienced a decline following yesterday’s release of U.S. economic data that failed to meet projections. Disappointing figures in the …

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Dollar Dominance Rises: Treasuries Surge

US Treasury yields continue to hit high levels, buoying by rate hikes expectations from the Federal Reserve. Gold dipped into six-and-a-half month low. The U.S. dollar continues its relentless ascent, fueled by soaring Treasury yields and expectations of Federal Reserve rate hikes. Recent data, including a robust uptick in U.S. Core Durable …

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Dollar Strengthens Amidst Fear Of A U.S. Government Shutdown

In the realm of U.S. equity markets, the dominant theme remains the Federal Reserve’s resolute hawkish stance, indicating an enduring era of monetary tightening. In the realm of U.S. equity markets, the dominant theme remains the Federal Reserve’s resolute hawkish stance, indicating an enduring era of monetary tightening. This posture has cast …

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Macroeconomic Headwinds Dampen Financial Market

Global macroeconomic worries drive hedge funds and retail investors to shed stock leverage. In the global markets, prevailing macroeconomic concerns persist, even as U.S. equity markets managed modest gains in their recent session. Notably, hedge funds and retail investors are unwinding stock leverage at a pace unseen since the 2020 pandemic crisis …

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PU Prime Account Opening and Registration Process Notice

Dear Valued Client, In regard to the recent PU Prime system upgrade, we are fully aware of its implication on the account opening and registration process. We are pleased to inform that all the systems and processes had been restored and fully functional. Hence, we encourage our clients to login into client …

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Equity Markets Decline On Fed’s Hawkish Outlook

The consistent hawkish tone from Fed officials has spurred investors to withdraw funds from the equity market at a rate not seen since December. U.S. equity markets, alongside their Asian counterparts, are grappling with headwinds following a challenging central bank week. The consistent hawkish tone from Fed officials, coupled with warnings of …

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PU Prime System Upgrade Completion Notice

Dear Valued Client, PU Prime have recently completed a system upgrade on the following date and time. Client Portal / IB Portal: 23rd September 2023 between 03:00 AM (GMT+3) to 3:00 PM (GMT+3). PU Prime Applications: 23rd September 2023 03:00 AM (GMT+3) until 24th September 2023 03:00 AM (GMT+3). We are pleased …

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U.S Equity Market Hit By Fed’s Hawkish Stance

The U.S. dollar remains steadfast above the $105 mark, while the domestic stock market experienced turbulence after the recent Fed Chair’s statement. The U.S. dollar remains steadfast above the $105 mark, while the domestic stock market experienced turbulence after the recent Fed Chair’s statement. Investors grappled with the implications of the Fed’s …

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More Economy Indicators From Major Countries Are Coming Next Week

Thursday, 28 September, 15:00 – EU German CPI (MoM) (Sep) In August, Germany’s inflation remained stable, as indicated by the Consumer Price Index (CPI). Inflation in the eurozone remains elevated, and investors are concerned that additional rate hikes could potentially trigger a recession, further negatively impacting the country’s current economic situation. Thursday, …

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PU Prime System Upgrade Notice

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: 23rd September 2023 between 03:00 AM (GMT+3) to 3:00 PM (GMT+3). PU Prime Applications: 23rd September 2023 03:00 AM (GMT+3) until 24th September 2023 03:00 AM …

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Understanding What Is Swing Trading For Beginners

The Swing trading strategy is a popular trading method that aims to capture short- to medium-term price movements in the financial markets. Some of the reasons why traders choose to use swing trading strategies include the capability of generating more frequent profits from shorter-term price fluctuations within a broader market trend, and …

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Market Mutes Ahead Of FOMC Statement

Awaiting the FOMC interest rate decision, the dollar index halts, reflecting market expectations of today’s announcement may bring a temporary pause. In the lead-up to today’s eagerly awaited FOMC interest rate decision, market volatility has remained relatively subdued. The dollar index maintains its position above the $105 mark, reflecting market expectations of …

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Gold Prices Continue To Surge Ahead Of The FOMC Statement

Gold prices have been increasing since last Friday, driven by widespread market expectations that the Fed will maintain its interest rates in September. The Dollar Index has remained relatively stable but at a robust level above the $105 threshold. This steadiness aligns with the prevailing sentiment in the equity markets as investors …

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Dollar Dips As Investors Take Profits Ahead Of FOMC Meeting

The US dollar recently retreated as investors capitalized on upbeat US economic data where 97% anticipate interest rates will remain stable. The US dollar recently retreated as investors capitalised on upbeat US economic data before the Federal Reserve’s forthcoming policy meeting, where 97% anticipate interest rates will remain stable. Simultaneously, gold rebounded …

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Understand The Pros And Cons Of CFD Trading

CFDs Are Great For Speculating On Price Movements But There Are Risks CFD trading allows you to speculate on the price movements of various financial instruments, such as stocks, indices, commodities, and currencies, with the added benefit of leverage. However, CFD, which is the short form of Contract For Differences, also carries …

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Euro Slumps With An Unexpected ECB Rate Hike

The market worries that a 25 basis points rate hike by the European Central Bank might further hamper the already dim economic prospects within the Eurozone. Upbeat U.S. economic data, particularly Retail Sales and Initial Jobless Claims, ignited a rally in both the dollar index and equity markets. Investors are now bolstered …

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Indices Product – CHINA50.s Optimisation Notice

Dear Valued Client, Please be advised that the trading hours of CHINA50.s will be optimised from 18th September 2023 onwards to further enhance the competitiveness and improve the trading environment. Please refer to the table below for adjustment:

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Market Stays Calm As U.S. CPI Increases

The market’s relatively muted reaction suggests that this uptick in CPI had already been priced in. Yesterday’s U.S. CPI release showed a higher reading than both the forecasted number and the previous reading. However, it appeared that the market had already priced in this uptick in CPI, and there was a relatively …

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Oil Remains Strong On OPEC Outlook

Oil prices continued their upward trend driven by the OPEC monthly report forecasting a 3.3 million barrel per day shortfall in the 4th quarter. The dollar index remained stable near $104.5 as the market awaited the release of U.S. CPI data, causing fluctuations in the equity and gold markets due to speculation …

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Wall Street Closes Higher Ahead Of CPI

Wall Street closed higher before the release of the U.S. Consumer Price Index (CPI) scheduled for Wednesday at 15:30 (GMT+3). Bank of Japan (BoJ) Governor Ueda’s hawkish statements over the weekend have contributed to the strength of the Japanese Yen during the Asian morning session. Ueda mentioned that the Japanese Central Bank …

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What Is The Pair Trading Strategy And How Does It Work

Pair trading is a versatile investment strategy that allows traders to take advantage of the relative price movements between two correlated financial assets. Whether you’re a beginner looking to understand the basics or an advanced trader seeking more sophisticated techniques, this comprehensive guide will walk you through the various aspects of pair …

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Yen Strengthens With Possible BoJ Policy Tweak

BoJ Governor Ueda suggests that by year-end, sufficient data will be available to evaluate the sustainability of wage growth and inflation in Japan. Bank of Japan (BoJ) Governor Ueda’s hawkish statements over the weekend have contributed to the strength of the Japanese Yen during the Asian morning session. Ueda mentioned that the …

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Knowing The Differences Between CFDs And Shares

Understand The Difference Between CFDs And Shares Trading While both shares trading and trading CFDs allow you to profit from changes in stock prices, CFDs, which is the abbreviation for Contract For Differences, have several advantages over conventional shares trading. Brief Summary Of What Is a CFD The financial instrument known as …

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Strong U.S. Economic Data Bolsters Dollar

The lower-than-expected initial jobless claims has reinforced the belief that the Federal Reserve may proceed with interest rate hikes.  U.S. economic data released on Thursday has reinforced the belief that the Federal Reserve may proceed with interest rate hikes on September 20th. This sentiment was supported by lower-than-expected initial jobless claims and …

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United Kingdom Experiences Significant Surge In GDP

The Week Ahead: Week of 11 September (GMT+3) Wednesday, 13 September, 09:00 – UK GDP (MoM) (Jul) The rate improved to 0.5% from -0.1%, a sharp increase in the second quarter of the year. The manufacturing sector experienced a notably robust month, with significant growth observed in both the automotive industry and …

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Dollar Strengthens On Fed Outlook

The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. The Dollar index has traded steadily at around the $105 level as the market anticipates further monetary tightening by the Federal Reserve. Short-term U.S. bond yields have surged past 5%, …

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Can Position Trading Be A Long-Term Investment Strategy?

Position trading is a popular investment strategy that allows traders to take advantage of long-term market trends. By holding positions for extended periods, position traders aim to capitalize on significant price movements and maximize their investment returns. Unlike short-term trading or day trading, which focus on quick profits from short-lived price fluctuations, …

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Oil Prices Gain On OPEC+ Supply Cuts Extension

Dollar continues to edge higher, amid rising US Treasury yields. Oil prices surge as investors anticipate OPEC+ might extend its oil supply cut. The Dollar index has surged to its highest level since March, while the Dow Jones index closed lower for the third consecutive session. Several Federal Reserve governors have expressed …

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What Are The Risk Differences Between Stock And Indices Trading?

Indices Trading Is Different From Stock Trading When it comes to trading, two popular options are stocks and indices. While they may seem similar at first glance, there are significant differences between the two that investors should be aware of. In this article, we will explore the factors that can affect the …

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Caixin Services PMI Shows China’s Economy Is Still Struggling

China’s equity market dropped, influenced by the decline of Caixin Services PMI reading, underscoring persistent challenges in China’s ongoing economic recovery. Last night, US markets observed Labor Day celebrations, resulting in a subdued environment across asset classes, marked by sideways trading. Conversely, China’s equity market experienced a morning session decline. The catalyst …

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Strong NFP Bolsters Dollar’s Strength

Nonfarm Payroll beat expectations, lifting the dollar. China reduced property down payments, boosting its equity markets. The latest Nonfarm Payroll report, released last Friday, exceeded market expectations with 187k jobs added, significantly higher than the previous 157k. This robust job data boosted the dollar by over 0.6%, while equity markets took some …

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Global Country Interest Rates And GDP Trends Analyzed

The Week Ahead: Week of 4 September (GMT+3) Tuesday, 5 September, 07:30 – AU RBA Interest Rate Decision (Sep) With inflation slowing from 5.4%in June to 4.9% in July, the RBA has opted to maintain its interest rate at 4.1%. This decision allows the central bank to evaluate the effects of previous …

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Dollar Surge On Above Expectation Job Data

Dollar strengthened as U.S. economic data including PCE and initial Jobless Claims better than than market expectation. The U.S. equity market’s winning streak ended as the Dow Jones closed about 0.5% lower due to mixed economic data. The Fed’s preferred inflation measure, the PCE index, matched market forecasts at 4.2%, while Initial …

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Server Upgrade Notice

Dear Valued Client, Please be informed that PU Prime will be having an upgrade on its MT4/MT5 servers between 02:00 hrs. (GMT+3) until 08:00 hrs. (GMT+3) on September 2. Access to MT4/MT5 accounts will not be available during the server upgrading period. We would also like to highlight that all orders would …

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U.S. Economic Data Continue To Dampen Dollar’s Strength

Downbeat U.S. economic data continue to hammer the dollar and is struggling to hold above $103 trajectory The United States continues to release disappointing economic data, leading to a further weakening of the dollar’s strength. The labour market’s cooling trend is evident as the ADP Nonfarm Employment Change figures declined to 177k, …

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CFD Rollover Notice for September

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 …

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Softer Job Data Hammers Dollar

The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a …

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Risk-on Sentiment Heightens Ahead Of Job Data

US equities advanced as the dollar’s vigor abated after Jerome Powell’s dovish tone at the Jackson Hole Symposium. US equities advanced as the dollar’s vigor abated after assimilating Jerome Powell’s Jackson Hole Symposium discourse. Powell’s subtly dovish tone vowed meticulous inflation management to foster risk appetite. Speculation also swirled around a softer …

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What Are The Best Scalping Strategies For Beginners

In the dynamic world of financial markets, traders employ various strategies to capitalize on market opportunities. One such strategy is scalping, a technique that aims to exploit short-term price fluctuations to generate quick profits. In this article, we delve into the intricacies of the scalping strategy, its key principles, and considerations for …

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Powell’s Hawkish Statement Boosts Dollar

The Fed chief has jointly reaffirmed his determination to combat inflation, which has strengthened the dollar. The Fed chief, along with the Deputy Governor of the BoE and the Chair of ECB, have jointly reaffirmed their determination to combat inflation until it remains consistently within the targeted range. This Hawkish stance has …

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All Eyes On Jackson Hole Economic Symposium

Before the release of the Jackson Hole Economic Symposium, the dollar surged impressively due to the positive initial jobless claims data. In anticipation of Jerome Powell’s address at the Jackson Hole Economic Symposium today, the dollar surged impressively by over 0.6% yesterday, propelling the dollar index to a current trading position above …

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Anticipated Economic Data For The Upcoming Week

The Week Ahead: Week of 28 August (GMT+3) Tuesday, 29 August, 17:00 – US JOLTs Job Openings (Jul) The market had anticipated a June reading of 9.610 million, but the actual figure fell slightly short of expectations, registering at 9.582 million. Given the current tight labour market conditions, this reading is seen …

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Risk-Off Mode Fades On Wall Street

Investor enthusiasm for risk-taking declined after technology-driven gains on Monday. Investor enthusiasm for risk-taking experienced a swift decline following a day of technology-driven gains on Monday in the U.S. stock market. Investors are now eagerly awaiting Nvidia Corp’s results, hoping for a surge in excitement around artificial intelligence. As the Jackson Hole …

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Chinese Ailing Economy Drags Kiwi Lower

The New Zealand dollar has declined and cannot recover due to China’s ongoing struggles in stimulating its economy. The Chinese stock market remains in a downward trend, primarily influenced by challenges within the property sector and limited Chinese economic stimulus efforts. The recent bullish oil prices have also hindered the much-worried Chinese …

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Trading Strategies: Mastering The Basics For Beginner Traders

Are you a beginner trader eager to dive into the world of trading strategies? This comprehensive guide is here to equip you with the essential knowledge needed to navigate the exciting yet challenging realm of trading. Understanding various trading strategies is crucial for achieving success and maximizing profits. In this ultimate guide, …

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China’s Smaller Rate Cut Weighs Down Stock Market

The Chinese government’s decision to modestly reduce the short-term loan rate has disappointed the market. Asian stock markets are on track for a weekly decline, partly influenced by China’s economic challenges and the prevailing global high-interest rate environment. A notable increase in the global government bond yield, reaching a level not seen …

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Global Equity Markets Tumble as Recession Looms

Asian stock markets are on track for a weekly decline, but global government bond yields increased, reaching a level not seen in 15 years. Asian stock markets are on track for a weekly decline, partly influenced by China’s economic challenges and the prevailing global high-interest rate environment. A notable increase in the …

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Hawkish FOMC Meeting Minutes Boost Dollar 

The Federal Open Market Committee (FOMC) meeting revealed that inflation may remain elevated. The dollar stands fortified after the release.  The Chinese stock markets, including the Hang Seng index, are grappling with downward pressure due to investor pessimism surrounding the Chinese economy. Adding to these concerns, the release of the Federal Open …

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Indices CFDs Symbol Change Notice

Dear Valued Client, PU Prime will update the symbol of Indices CFDs products effective from 4th September 2023. 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 positions …

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U.S. Retail Sales Rise Echo Hawkish Fed Outlook

Following the release of increased US Retail Sales data, the U.S. equity market experienced a decline as investors leaned towards a hawkish Fed policy stance. Last night, the spotlight was on U.S. retail sales data, which surpassed market expectations by coming in at 0.7%, an improvement from the previous figure of 0.3%. …

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China Unexpected Rate Cut To Boost Economy

The surprise interest rate cut by the People’s Bank of China has sparked apprehensions within the market.  China has taken an unexpected decision to reduce its interest rate as a measure to invigorate its persistently subdued economy. The action, carried out by the People’s Bank of China, has sparked apprehensions within the …

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China’s Worsening Property Slump Dampens Market Sentiment

Chinese equity markets are grappling with selling pressures due to the nation’s escalating property concerns, which have cast a shadow over market sentiment. Chinese equity markets, including the Hong Kong stock market, are grappling with selling pressures due to the nation’s escalating property concerns, which have cast a shadow over market sentiment. …

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What Are The Best Day Trading Strategies For Beginners

Day trading, the art of buying and selling financial instruments within a single trading day, offers fast opportunities and exhilarating market participation. However, navigating the volatile and fast-paced nature of day trading requires a well-defined day trading strategy. In this guide, we will explore the best day trading strategies that can help …

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Decline in UK CPI Signals Rate Hikes Efficacy

The Week Ahead: Week of 14 August (GMT+3) Tuesday, 15 August, 15:30 – US Retail Sales (MoM) (Jul) In May, US Retail Sales showed a 0.2% increase on a monthly basis, falling short of the anticipated 0.5%. Nevertheless, there’s a silver lining as May’s figures were revised upwards from 0.3% to 0.5%, …

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All Eyes On U.S. CPI 

As the anticipation builds for releasing the Consumer Price Index (CPI) today, the U.S. equity markets maintain their downward trajectory. As the anticipation builds for releasing the Consumer Price Index (CPI) today, the U.S. equity markets maintain their downward trajectory. The market speculation is rife, with expectations suggesting a modest uptick in …

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Stock Market Slides After Moody’s Downgrades Banking Sector 

Moody’s decision to downgrade select U.S. banks triggered selling pressure in the U.S. stock market. Moody’s decision to downgrade select U.S. banks, citing escalating financial risks, triggered selling pressure in the U.S. stock market last night. The situation worsened as China unveiled its Consumer Price Index (CPI) and Producer Price Index (PPI) …

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What Is A Range Trading Strategy

Range trading is a popular strategy utilized by financial traders to profit from price fluctuations within a defined range. By identifying key support and resistance levels, traders can strategically enter and exit trades, capitalizing on the market’s oscillations. In this comprehensive guide, we will delve into the intricacies of range trading. What …

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U.S. Equity Market Closes Higher Ahead of CPI

U.S. equity markets resurge as Warren Buffet’s Berkshire Hathaway and Amazon Inc. showcase impressive climbs. U.S. equity markets embraced a resurgence yesterday, effectively putting an end to their four-day losing spell. Notably, Warren Buffet’s Berkshire Hathaway reached an unprecedented pinnacle, while Amazon Inc. showcased an impressive climb of over 10% within the …

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Dollar Softer After NFP Comes Short

The unemployment rate in the U.S. improved to 3.5%, but the Nonfarm Payroll saw a reduction to 187k, resulting in slightly easing the dollar. Last Friday, the United States experienced a blend of economic indicators. The unemployment rate in the country improved to 3.5%, but the Nonfarm Payroll saw a reduction to …

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Insights on Major Country Economies and Inflation

The Week Ahead: Week of 7 August (GMT+3) Tuesday, 8 August, 09:00 – EU German CPI (MoM) (Jul) In June, inflation rebounded, rising by 0.3% month-on-month, matching the preliminary figure. Currently, the market is anticipating the preliminary release of Germany’s Consumer Price Index (CPI) for July to stay at 0.3%. Following the …

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BoE Delivers 25 BPS Rate Hikes Softening Pound Sterling

The Bank of England (BoE) delivered a 25 bps rate hike, with the BoE governor emphasising that the policy will remain tight. The dollar’s ascent of nearly 1% in August was further bolstered by the U.S. credit rating downgrade, pushing it close to the $103 threshold. However, yesterday U.S. economic data has …

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U.S. Equity Market Tumbles After Fitch’s Downgrade

U.S. equity markets declined after Fitch’s downgrade of U.S. treasuries. Last night, the financial market witnessed significant turbulence as Fitch’s downgrade of U.S. treasuries sent shockwaves. U.S. equity markets experienced a sharp decline, with Nasdaq leading the losses with a plunge of over 2%. Simultaneously, the U.S. 10-year bond yield surged to …

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Gold Prices Surge On U.S. Credit Downgrading

The announcement of Fitch has downgraded U.S. treasuries immediately affected gold prices. Fitch, the U.S. credit rating agency, has downgraded U.S. treasuries from their pristine AAA rating to AA+. The implications for the dollar remain to be seen, but the announcement immediately affected gold prices, which quickly surged by nearly 0.3%. In …

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All Eyes On RBA Interest Rate Decision

Market analysts project a 25 basis point rate hike from the RBA, but positive economic data may lead to a rate hike pause. All eyes are on the Reserve Bank of Australia (RBA) as investors eagerly await the announcement of their interest rate decision, scheduled for later today. Market analysts have projected …

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Upcoming Changes To Trading Hours

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.) Please note that in the event of …

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Softer PCE Reading Fuels Equity Market

After the release of the U.S. PCE data, equity markets responded positively, with Asian markets sharing the upbeat sentiment. Last week’s release of the U.S. PCE data sparked optimism in the market, fueling demand for risky assets on expectations of further inflation moderation. Equity markets responded positively, with Asian markets sharing the …

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Japanese Yen Appreciates On Possible YCC Tweak

Japanese yen strengthened against majors. BoJ to discuss potential YCC strategy adjustments, sparking market speculation. The Japanese yen displayed strength against its major counterparts last night. The market buzzed with speculation as the BoJ unveiled plans to discuss potential adjustments to its yield curve control (YCC) strategy. Speculators opine that the central …

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What Will the Interest Rate Decisions from Major Central Banks Impact on the Global Market?

The Week Ahead: Week of 31 July (GMT+3) Tuesday, 25 July, 17:00 Tuesday, 1 August, 07:30 – AU RBA Interest Rate Decision (Aug) In July, the Reserve Bank of Australia chose to keep the rate unchanged with a current rate of 4.10%. The Reserve Bank of Australia’s (RBA) decision to pause rate …

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Dollar Weakens After Fed Delivers Small Size Rate Hike

After the announcement, gold and oil prices climbed as the U.S. dollar weakened, making them more attractive. The Federal Reserve delivered as anticipated, implementing a 25 bps rate hike that propelled the interest rate to its highest level in 22 years. With the benchmark rate now residing within the range of 5.25% …

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Market Stays Calm Ahead Of Fed’s Rate Announcement

Investors await the Fed’s interest rate decision, to be released today at 21:00 (GMT+3). If the rate is raised from 5.25% to 5.5%, it will mark the highest level in 22 years. Investors’ unwavering attention is fixed on the Fed’s interest rate decision, eagerly awaiting its release later today. With market speculations …

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BoJ Monetary Policy Remains Dovish

Japanese yen weakens as officials state no immediate plan to modify ultra-loose monetary policy. This week, major central bank decisions will be in focus, including the Fed’s rate announcement on Wednesday and the ECB’s on the following day. Investors will closely watch the CB Consumer Confidence released on Tuesday for insights into …

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Upbeat Job Data Encourages Dollar Surge

U.S. dollar surged more than 0.5% triggered by optimistic job data in the U.S. Asian equity markets faced declines, influenced by the U.S. equity market’s disappointing earnings results. Last night, Nasdaq experienced a substantial drop of over 2%, marking its most significant single-day decline since March. Conversely, the U.S. dollar displayed strength, …

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Fed Faces Crucial Decisions

The Week Ahead: Week of 24 July (GMT+3) Tuesday, 25 July, 17:00 US CB Consumer Confidence (Jul) Despite the Federal Reserve’s efforts to curb inflation through interest rate hikes, the U.S. economy maintains positive performance. Consumer confidence reached its highest level in June, rising from 102.5 to 109.7. However, Dana Peterson, Chief …

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Pound Sterling Hammers By Softer Inflation Data

Sterling experienced a sharp drop of nearly 1% following the release of CPI data. Last night, the dollar index surpassed $100 following the release of CPI data for both the UK and Eurozone; as the Sterling experienced a sharp drop of nearly 1%, while the euro also showed a slight decline. The …

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Strong Earnings Boost Equities, Gold Surges On Downbeat Data

Strong quarter results from US banks spark optimism in US equity market. Strong quarterly results from Wall Street banks, Microsoft, and other major corporations fueled the US equity market’s upward momentum, while lacklustre economic data led to a dip in US treasury yields, signalling expectations of a more cautious stance by the …

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Market Calm Before U.S. Retail Sales Releases

The financial market was relatively calm last night ahead of the release of U.S. retail sales data scheduled for later at 15:30 (GMT+3). The financial market experienced a relatively calm session last night as investors awaited the release of U.S. retail sales data scheduled for later today (18th July). Major currency pairs …

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China’s GDP Misses Expectation, Hammers Oil Prices

The latest release of China’s second-quarter GDP has fallen short of market expectations which has exerted upward pressure on oil prices. Investors are wagering that the upcoming rate hike in July will mark the end of the tightening cycle, yet Federal Reserve officials are keeping their options open for a potential increase …

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CPI Hammers DXY To Below $100

The U.S. dollar continues to decline, breaking below the key psychological support level of $100. The release of lower-than-expected CPI data on Wednesday has significantly impacted the financial market. The equity market has extended its gains, while gold prices have risen by over 1.5% following the data release. Conversely, the U.S. dollar …

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CPI Shows U.S. Inflation Softening

US CPI released yesterday showed a two-year low inflation rate of 3%, leading to a decline in the US dollar. Yesterday’s release of the U.S. Consumer Price Index (CPI) revealed that the country’s inflation had reached a two-year low of 3%, lower than the previous reading and the forecasted figure. As a …

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Japanese Yen Strengthen With Heighten Recession Risk

Major central banks tightening policies, boosts Japanese Yen. The Japanese Yen has reached its highest level in a month, surpassing the 140 mark against the U.S. dollar. This surge is attributed to the growing concerns of a global economic downturn due to major central banks tightening their monetary policies to combat persistent …

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Fed Officials Emphasise Higher Interest Rate Needed

Markets are now assessing the hawkish outlook against visibly cooling inflation Several Federal Reserve officials have expressed the view that interest rates need to be raised further this year in order to bring inflation back to the targeted rate of 2%. Despite this hawkish sentiment from the Fed, the market is inclined …

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美联储官员强调继续提高利率

市场须知 多位美联储官员表示,今年需要进一步加息,以使通胀率回到2%的目标水平。尽管美联储态度强硬,但市场倾向于认为最新经济数据表明美国通胀正在放缓,美联储货币紧缩周期已接近尾声。结果,美元价值和美国国债收益率一直在下跌,而油价则因美联储将摆脱高利率环境的预期而受到提振。与此同时,投资者热切期待明天(7 月 8 日)公布的美国消费者价格指数(CPI),以衡量美联储未来的货币政策决策。 市场看点 当前对 7 月 26 日美联储利率决定的加息押注: Source: CME Fedwatch Tool 0个基点 (11%) 对比 25 个基点 (89%)   市场概括 财经日历 市场走势 美元指数, H4 在美联储官员强调有必要进一步加息以应对通胀、同时暗示当前紧缩周期即将结束后,美元大幅下跌。美联储负责监管的副主席巴尔(Michael Barr)表示,美联储可能在今年两次加息后,未来的紧缩货币政策将会结束。然而,货币政策仍未确定,因此投资者必须持续关注未来的经济发展以获得更准确的交易信号。 美元指数目前正在测试支撑位。然而,MACD指标显示看跌势头减弱,而相对强弱指数在31,暗示该指数可能进入超卖区域。 阻力位:102.50,103.35 支撑位:101.95,101.05 黄金/美元,H1 黄金价格在关键的1930美元阻力位附近停滞不前,投资者等待关键的经济数据,特别是6月份的消费者价格指数(CPI)数据。对月度物价压力上升的预期加剧了对通胀的担忧,增加了美联储(Federal Reserve)在即将召开的7月货币政策会议上加息的可能性。92%的投资者预计会有这样的举动,市场波动是意料之中的,因此交易要谨慎。 黄金价格目前在阻力位附近持平。MACD指标显示看涨势头增强,而相对强弱指数在56,暗示该商品在成功突破后可能会走高,因为相对强弱指数保持在中线上方。 阻力位:1930.00,1950.00 支撑位:1910.00,1895.00 欧元/美元, H4 明天美国消费者物价指数 (CPI) 公布前,美元进一步走软,汇价自去年 5 月以来再次触及 1.100 点。尽管几位美联储官员口气强硬地敦促加息,以将通胀率降至央行支持的水平,但市场正在根据经济数据做出相应反应。 CPI已较峰值减半,而就业数据显示劳动力市场正在宽松,这导致市场认为美联储的货币紧缩周期已接近结束。投资者密切关注明天公布的CPI,以衡量美联储下一步的政策举措。 欧元/美元交投强劲,突破心理阻力位 1.100。 RSI 继续上升并接近超买区域,而 MACD …

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Awaiting The RBNZ And BoC Interest Rate Decisions

The Week Ahead: Week of 10 July (GMT+3) Tuesday, 11 July, 09:00 – EU German CPI (MoM) (Jun) The June preliminary release of the Consumer Price Index (CPI) in Germany increased by 0.3% compared to the previous month. This persistent rise indicates that the country still has a significant challenge ahead in …

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Fed June Minutes Reveal Hawkish Stance

FOMC meeting minutes spark demand on the US Dollar Last night’s release of the FOMC meeting minutes revealed a divergence of opinions among Fed officials, with the majority committed to further rate hikes in their ongoing battle against persistent inflation. The Fed is expected to continue its rate hike cycle this month, …

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RBA Holding The Interest Rate Unchanged

Market participants remained relatively calm, eye on several crucial data including Non-Farm Payroll (NFP) The market was surprised when the RBA decided to keep rates unchanged yesterday. The Australian central bank emphasized a data-dependent strategy and indicated potential future tightening if necessary. Oil prices slightly increased as Saudi Arabia unilaterally reduced production, …

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CFD Rollover Notice for July

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 …

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U.S. PCE Shows Inflation Moderating

Cooling inflation has given hopes to the equity markets and weighed on the dollar The US Dollar has strengthened significantly as economic data exceeded expectations, bolstering confidence in the currency. Furthermore, the robust performance of the banking sector has ignited positive momentum in the US equity market. The Federal Reserve’s stress test …

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How To Identify Market Trends For Trend Trading Strategies

The trend trading strategy is a popular strategy employed by many traders seeking to capitalise on sustained price movements in the financial markets. By learning how to identify market trends and adhering to these trends, traders aim to ride the wave of momentum and potentially generate profitable trades. In this article, we …

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Dollar Gains As Federal Reserve Unleashes Hawkish Tone

Fed’s hawkish tone continues to spark rate hike expectations, US Dollar extend its bullish momentum. The global financial landscape is being marked by shifting monetary policies and concerns over inflationary pressures. Federal Reserve Chairman Jerome Powell’s hawkish tone has injected confidence in the US dollar, as market expectations for a rate hike …

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BoE Surprises With 50 Bps Rate Hike

Hike expectations have also increased across other central banks as the focus shifts back to inflation Markets have increased the probability of the Federal Reserve raising interest rates, a sentiment also applied to other major central banks worldwide, including those of the U.K, Switzerland, and Norway. Furthermore, U.S. Treasury Secretary Janet Yellen …

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What Is A Breakout Trading Strategy

Breakout trading strategy has gained significant popularity among traders seeking to capitalize on powerful price movements in financial markets. By identifying key breakout points, traders can ride the wave of momentum and potentially increase their chances of success. In this comprehensive guide, we will explore the ins and outs of a breakout …

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Powell Signals Higher Rates

On the first day of Jerome Powell’s two-day testimony before the House, the Federal Reserve Chair delivered a semi-annual monetary policy report. The equity markets and the dollar both experienced declines as Powell took a hawkish stance, stating that the central bank would need to raise interest rates further to curtail U.S. …

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Dollar Stands Pat Ahead Of Powell’s Testimony

Fed Chair Jerome Powell is due to give his twice-yearly testimony before congress today The market is exhibiting cautious sentiment as it edged lower in anticipation of Fed Chair Jerome Powell delivering his semi-annual monetary policy report before the House today (21st June). Investors closely scrutinise this two-day testimony to gain insights …

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Positive Talks Between Blinken And Xi Spur Hope For Equities

Additionally, China has announced its first reduction in the benchmark lending rate in 10 months, a move that could provide support for oil prices. Last night, the U.S. Secretary of State met with the Chinese President and expressed satisfaction with the accomplishments of their trip. This positive development in bilateral relations has …

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Blinken Potentially Meeting President Xi

Improved relationships between the US and China could potentially lead to the equities markets surging Equities in the U.S. contracted last Friday after a bullish run in the past week with Nasdaq up by more than 3%. Notably, U.S. Secretary of State Anthony Blinken’s visit to China, including meetings with top diplomats …

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Market Expected To Calm As Holidays Approach

The Week Ahead: Week Of 19 June (GMT+3) Monday, 19 June, All Day – US  Juneteenth During the upcoming US holiday, the market is expected to be relatively calm, and it may be a suitable time for investors to take a break. Wednesday, 21 June, 9:00 – UK CPI (YoY) (May) In …

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Markets Waiting For CPI To Gauge Fed’s Next Move

The U.S. equity market witnessed a notable rally as investors expressed optimism about the possibility of the Federal Reserve pausing the rate hike The U.S. equity market witnessed a notable rally as investors expressed optimism about the possibility of the Federal Reserve pausing the rate hike, with the decision scheduled to be …

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Market Sideways Ahead Of U.S. CPI 

Dollar movement remains muted as investors await inflation data as well as the upcoming FOMC meeting The upcoming week is expected to be quite busy for investors, as significant events are anticipated to have a profound impact on the market. The U.S. Consumer Price Index (CPI) will be released on Tuesday, setting …

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Dollar Drops On Cooling U.S. Job Market

High jobless claims have weighed on the dollar and thrown a wrench into the market outlook on the Fed’s hiking schedule U.S. initial jobless claims recorded the highest level since October 2021, confusing the market which previously speculated the Fed might follow the footstep of RBA and BoC to raise rates next …

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Is The Fed Going To Raise Interest Rates In June?

After the rate hikes by the Canadian central bank and the RBA, the Federal Reserve is now under pressure to consider raising interest rates. Despite the prevailing risk of an economic downturn in Australia, the RBA surprised the market by adding another 25 bps to its interest rate, vowing to bring the …

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Dollar Hammered By Weak PMI Data

The dollar’s value experienced a decline, falling below $104 following the release of disappointing U.S. service PMI data. The reading dropped from 51.9 to 50.3, prompting the market to reconsider the possibility of the Federal Reserve pausing its interest rate hike in June. Investors are currently awaiting the announcement from the Reserve …

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4 Indices Trading Strategies You Can Consider

The Popularity Of Indices Trading Strategies Trading indices is a popular way for investors and traders to gain exposure to the overall performance of a market or specific sector. Indices track the performance of a group of stocks, providing a convenient and cost-effective way to invest in a basket of stocks rather …

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Differences Between Indices Trading And Forex Trading

What Are Indices Trading And Forex Trading Indices trading and forex trading are both types of financial trading, but they involve different assets and markets. Forex trading, on the other hand, involves buying and selling currencies which involves forex traders speculating on the future movement of one currency against another.  Indices trading, …

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Dollar Surges on Impressive NFP and Debt Ceiling Resolution

Markets are now risk-on after the US Nonfarm Payrolls reported a much higher-than-expected increase in jobs. In response to impressive non-farm payroll figures, the US Dollar surged, buoyed by renewed market optimism surrounding the US economic progression. NFP in May saw a remarkable increase of 330,000 jobs, surpassing expectations and outpacing the …

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Is The Fed Skipping The June Rate Hike?

Over 70% of punters are now betting on a hike pause at the upcoming FOMC meeting The focus of attention is currently directed towards the U.S. Senate, where the passage of the debt limit is being closely observed. Concurrently, senators are engaged in debates concerning 11 amendments to the bill. The value …

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Understanding The Basics Of Risk Management In Trading

Content: What Is Risk Management In TradingAssessing and Identifying Trading RisksMinimising Psychological Risks in TradingSetting Trading Goals And Risk ToleranceRisk Management With Order TypesOther Strategies For Risk Management In TradingMonitoring And Adjusting Risk Management StrategiesHow Stop-out And Margin Can Affect Your TradesShort-Term vs. Long-Term Risk Management In Trading What Is Risk Management …

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Understanding Margin Requirements In Leveraged Trading

Optimizing Your Trading Potential Leverage and Margin Requirements play a crucial role in the world of leveraged trading. They allow traders to control larger positions in the market with a smaller amount of capital. However, it’s important to fully grasp these concepts and their implications before venturing into leveraged trading. What Is …

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Forex Products Optimization Notice

Dear Valued Client, Please be advised that the leverage on certain forex products will be adjusted starting from 5th June 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 you have …

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Debt-Limit Bill Clears 1st Hurdle

Uncertainty Remains In The Markets As Both Political Parties In The U.S. Continue With Their Discourse Around The Debt Ceiling Issue The bill regarding the U.S. debt limit has successfully cleared its first obstacle at the House Rules Committee, but it now faces another challenge in Congress. Ahead of the bill’s debate …

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Optimism Ignites Asian Markets As Debt Ceiling Deal Sparks Risk Appetite

Market participants are now eagerly waiting for the conclusion of a debt ceiling deal in congress Global markets experienced a mixed landscape as Western holidays provided a sense of calm for dollar-related currencies. In contrast, Asian markets saw a surge in positive sentiment, driving the Nikkei index to its highest level in …

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CFD Rollover Notice for June

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 …

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Dollar Soars On Optimistic Debt Ceiling Deal

Markets Risk-on After Positive U.S. debt Ceiling Deal Boosted The Dollar The US Dollar continued its impressive rally, buoyed by the optimistic prospects of a tentative debt ceiling deal between President Joe Biden and top Republican Kevin McCarthy. The deal aims to avert a potentially catastrophic default, boosting investor sentiment. Concurrently, the …

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Nvidia Shares Soared 26% Due To High Demand For AI Chips

Shares for NVDA surged after a better-than-expected earnings report forecast for 2024’s first quarter Nvidia reported better-than-expected earnings for its fiscal 2024 first quarter, which led to a 26% surge in shares during extended trading. The company’s adjusted EPS was $1.09, surpassing the estimated 92 cents, and revenue amounted to $7.19 billion, …

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Credit Rating Agencies Threatens to Cut U.S. Rating

Fitch has threatened to lower the US’ AAA rating as the debt ceiling issue remains at an impasse Wall Street slid as well as the Asian stock markets as the worries over the debt ceiling escalated when the time was getting closer to the X-date. Meanwhile, the dollar strengthened to its highest …

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Dollar Rises On Debt Ceiling Optimism And Hawkish Fed Tone

The dollar has its highest since March as Fed meeting participants lean hawkish even as punters expect a hike pause in June.  Important this week: the Fed meeting minutes released on Wednesday and more updates on the U.S. debt ceiling talks.  The minutes for the Fed’s May 2-3 meeting was released yesterday, …

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Trading Indices: Unveiling Market Potential

Trading indices is known to be a valuable way for traders and investors to diversify their portfolios and gain exposure to a broad range of financial markets. Indices, also referred to as stock market indices or index funds, are collections of assets or instruments that represent a particular segment of the market …

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U.S. Debt Ceiling Remains At An Impasse

The Biden-McCarthy meeting on the debt-limit bill has yet to yield any deal to avert a catastrophic U.S. default, with U.S. Treasury secretary warning that the country will run out of cash in June. Market sentiment worsened as the White House has no more meetings planned; and gold prices have rebounded due …

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Biden-McCarthy Talks Productive

Both President Biden and the House Speaker claimed that yesterday’s meeting on the debt-limit bill has a productive outcome but both parties are yet to come to an agreement. Meanwhile, U.S. treasury secretary Janet Yellen, reiterated that the department will run out of cash in early June. The dollar index has strengthened …

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Debt-Limit Talks Resume

After a brief setback in debt ceiling talks, US President Joe Biden is set to resume discussions with Kevin McCarthy President Biden is scheduled to resume discussions on the debt limit with House Speaker Kevin McCarthy on Monday, following his participation in the G-7 Summit. The dollar index reached its highest level …

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Optimism Showed About Debt Ceiling Between Biden and McCarthy

House Speaker Kevin McCarthy was optimistic that congressional negotiators could reach a deal to raise or suspend the debt ceiling in time. The focus on resolving the debt limit issue overshadowed macroeconomic data as the June 1 deadline approached. McCarthy’s positive outlook came after a meeting at the White House and the …

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Debt Ceiling Optimism Overshadows Macro Data

The dollar has hit a 7-week high after significant progress on the debt ceiling bill has been reached. Macroeconomic data has taken a backseat as the U.S. nears its 1 June debt ceiling deadline as outlined by Treasury Secretary Janet Yellen. Unlike the hard data of economic releases, this is a political …

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Biden Confident On Debt Ceiling Bill

President Biden is confident in reaching a bipartisan agreement with congressional leaders to elevate the debt ceiling, effectively averting an unprecedented default situation for the United States. This development has sparked a wave of optimism, prompting the dollar to trade higher, while the safe haven commodity gold languishes amid the surge in …

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Positive Progress On U.S. Debt Ceiling Bill

Investors are rotating out of gold en masse on optimism surrounding the U.S. avoiding a default Both President Biden and House Speaker Kevin McCarthy struck an optimistic tone regarding the prospects of reaching a consensus to raise the national debt ceiling and avert a potentially catastrophic default on the debt. As a …

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All Eyes On Biden Meeting Outcome

US Treasury Secretary Janet Yellen has once again emphasised the need to pass the debt ceiling bill before June 1, warning that failure to do so could result in the federal government running out of cash to meet its obligations. President Biden is set to hold a meeting with congressional leaders today …

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Dollar Boosted By Fed’s Hawkish Comments

A bounce in the U.S. dollar has put downward pressure on oil and gold prices Equity markets were stagnant while the dollar has strengthened, driven by hawkish comments from various Fed officials stressing high inflation in the U.S. On the other hand, President Joe Biden and the country’s congressional leaders are going …

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Disney Shares Fall On Losing Of 4M Streaming Subscribers

Elon Musk announced on Thursday that he was stepping down as CEO of Twitter and moving to a product and technical role. Shares of Walt Disney Co fell over 8% after it reported a surprising drop in streaming subscribers, resulting in worries that the company may have sacrificed growth to stem losses. …

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Understand How Asset Classes Correlate With Each Other

Understand The Intermarket Correlations Across Different Asset Classes And Role Of ETFs As an investor or trader, understanding how various asset classes relate to each other is critical to make informed investment decisions, build diversified portfolios, and manage risk. Asset class correlation refers to the extent to which the prices of different …

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Biden-McCarthy Meeting Postponed

Investor sentiment has taken a hit in the market following the postponement of a meeting between U.S. President Joe Biden and the House Speaker to address the looming debt ceiling crisis. The Biden administration is under pressure to pass the debt ceiling bill by June to avoid a potential default on the …

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Markets Calm Before U.S. Inflation Data

Ahead of the release of U.S. CPI, the markets remain subdued as most asset classes saw little change overnight. As investors await the U.S. Consumer Price Index (CPI) and monitor the development of the U.S. debt ceiling, the markets remain subdued. Most of the asset classes saw little change overnight ahead of …

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Back Office Officer

Responsibilities & Duties Responsible for transactions processing Monitor the correct workflow (deposit/ withdrawal process in internal systems) Responsible for communication and coordinate with different departments Responsible for customer relationship management: coordinate with client’s orders, payments and issue resolution Handle customers’ inquiries regarding payments Prepare reports and analysis Requirements University/ college degree in …

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Senior SEO Executive

Responsibilities & Duties Assist the SEO team to drive all SEO activity to improve key metrics and deliver meaningful return on investment Amending SEO elements within the CMS will be a significant part of the job so you must be comfortable making basic CMS changes Undertake in-depth keyword research with the goal …

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Senior Pricing and Risk Developer

Responsibilities & Duties Design and develop pricing and risk components for multiple asset classes, including forex, indices, commodities, shares and other derivatives Partner with other key groups: business operations, product development and the other IT teams. And ensure products are implemented efficiently and meet the demands both internally and externally and addressing …

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Markets Quietly Await U.S. CPI

The markets are quiet before the U.S. CPI released on Wednesday (10th May). U.S. equity markets moved sideways while the dollar index and gold prices have little change as the market is digesting the renewed banking sector risk as well as developments regarding the U.S. debt ceiling. On the other hand, Australia …

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CFD Rollover Notice For May

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 …

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Share Markets Advance After NFP Release

The Non-Farm Payroll (NFP) reading was in line with expectations, showing a substantial increase from the previous reading of 165,000 to 253,000. This suggests that the job market in the United States remains strong, indicating a robust economy. The equity market responded positively to this economic data and closed higher, resulting in …

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“Godfather of AI” Geoffrey Hinton Resigned From Google And Warned Of AI’s Threat

Geoffrey Hinton, who is famously known as “The Godfather of AI,” resigned from his part-time role at Google and cautioned the world about the potential danger of AI. Geoffrey Hinton, also known as “The Godfather of AI,” resigned from his part-time position at Google and warned the world about the potential threat …

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Forex Products Optimization Notice

Dear Valued Client, Please be advised that the leverage on certain forex products will be adjusted starting from 8th May 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.) Please note: The …

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Equity Market Slides Ahead Of NFP Release

Renewed fears about the banking crisis have caused investors to turn risk-off even as gold hits a new high While investors are still digesting the recent rate hike by both the Fed and the ECB, the equity markets continue to slide with the renewed banking turmoil. Several regional banks in the US …

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Understanding Indices Trading And How To Trade Them

Indices trading can provide several benefits to traders, which includes allowing diversification of trade, access to multiple major markets and cost effectiveness. Find out exactly what indices trading is and how to trade indices in this comprehensive guide.  What Are Indices Indices are key indicators in the financial markets, serving as a …

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Fed Rate At The Highest Level Since 2007

The dollar has dipped on dovish expectations and downward pressure on the economy Federal Reserve Chairman Jerome Powell announced yesterday that the central bank would deliver its 10th consecutive interest-rate hike of 25 basis points, bringing the Fed rate to 5.25%, its highest level since 2007. Powell also hinted that the Fed …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new product of Forex on 08th May 2023 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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All Eyes on Fed’s Interest Rate Decision

Markets are widely expecting a 25-point hike at the upcoming Fed meeting The U.S. financial markets experienced much-needed stabilisation after JP Morgan’s acquisition of First Republic bank, the latest financial institution to fail. This development has lifted the U.S. equities markets, with Asian markets also opening higher after returning from the labour …

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First Republic Bank’s $100B Deposit Withdrawal Spurred Market Concerns

To improve its financial condition, the bank’s management considered selling assets worth between $50 billion to $100 billion In Q1 2023, First Republic Bank experienced a significant decrease in its revenues, net profit, and deposits. Customers withdrew over $100 billion in deposits, causing a 50% drop in FRC shares in just one …

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Wall Street Rally Boosts Asian Equities

Markets now hang in balance with the future of First Republic Bank on contagion concerns Wall Street’s gained at the end of last week as investors waited for news on a bid for First Republic Bank. Japanese and Australian stocks edged higher, while U.S. futures were broadly flat in early Asian trading …

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Euro Surges on Upward German Growth Forecast, ECB Hawkish Tone

The euro has received a boost from a combination of hawkish guidance from the ECB and positive economic data in the region The Euro stole the spotlight as it surged to a record high following Germany’s upward revision of its economic growth forecast for 2023. The move is reinforced by positive indicators, …

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Overall Equities Markets Down Despite Positive Earnings Season

Markets are risk-off due to fear of contagion from First Republic Bank’s imminent collapse Earnings season is ramping up, with results have been much better than market’s expectations. Tech stocks are leading with a 0.64% increase in the Nasdaq on Wednesday. Meta shares shot up 12% after the company posted an earnings …

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First Republic Bank’s Deposit Plunge Sparks Risk-Off

A probable bank run and a far lower-than-expected drop in deposits have prompted market participants to turn to safe havens First Republic Bank’s disappointing first-quarter results with a significant plunge in deposit levels, had raised concerns about the bank’s financial health. This triggered a risk-off sentiment, driving the CBOE Volatility Index to …

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What You Need To Know About CFD Trading

Content: How Do CFDs WorkWhat Are The Advantages Of CFDs?What Are The Risks Of Trading CFDs?Calculating Profits And LossesWhat Are The Costs And Fees Incurred In CFD Trading?Leverage And MarginRegulation And Choosing A CFD ProviderCFD Trading Strategies To Consider After Selecting Your Best Broker How Do CFDs Work In the ever-evolving landscape …

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Dollar Slips Ahead of Fed’s Monetary Policy Decision

With a 25-point hike already priced in for the dollar, investors have turned to the ECB’s hawkish outlook to price the euro The US Dollar slipped to a one-week low as investors pondered the Federal Reserve’s monetary policy ahead of next week’s meeting, where a rate hike is expected. Uncertainty lingers, with …

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China’s economy grew at the fastest pace in Q1, reaching 4.5%

The economic resilience of the world’s second-largest economy will be headwind for oil prices China’s Q1 GDP grew by 4.5%, exceeding expectations of a 4.0% expansion and marking the fastest pace of growth since Q1 2022. On a quarter-by-quarter basis, the GDP grew by 2.2% in Q1, compared to a revised 0.6% …

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Investors Brace for Uncertainty Ahead of Key Economic Data

The U.S. is trading flat as the markets prepare for potential uncertainty ahead of GDP and inflation figures The King Dollar is trading flat as market participants prepare for potential uncertainties. The upcoming release of GDP figures, core PCE price index, and employment cost index are critical for global investors. Meanwhile, the …

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Gold Prices Surge as Recession Looms

Dollar weakness has leant support to the precious metal, which has climbed back to the near-2000 mark U.S. equities took a hit as concerns over corporate earnings weighed heavily on investor sentiment, a sentiment that spilled over into Asian markets. The market’s risk appetite has contracted due to fears of a possible …

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Dollar Holds on to Gains After Hike Expectations Bounce

USD remains elevated even as the economy shows signs of weakening The U.S dollar saw a bounce on Monday after a sustained dip on the back of signs of easing inflation and the recent bank stress. Resilient retails sales, optimistic earnings in Wall Street, and hike-signalling from the Fed have caused the …

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Dollar Struggles as Investors Remain Sceptical of Fed’s Hawkish Tone

The US Dollar is uncertain due to recent hawkish comments by Atlanta Fed President Raphael Bostic and James Bullard on rate hikes. The US Dollar continues to struggle as uncertainty over US monetary policy lingers in the global financial market. Despite hawkish comments from Atlanta Fed President Raphael Bostic and James Bullard …

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China’s GDP Shows Solid Economic Recovery

Economic growth in the world’s second-largest economy will be bullish for oil prices China’s freshly released economic data has shown resilient growth in the country compared to the previous quarter. China’s GDP in the first quarter surged to 2.2% from the previous quarter’s 0%, a favourable sign that could potentially stimulate higher …

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Alibaba to roll out AI Tech to rival ChatGPT

Alibaba Cloud has unveiled its AI chatbot, Tongyi Qianwen The Chinese tech giant, Alibaba Cloud, unveiled an AI-driven chatbot  Tongyi Qianwen that will gradually become available across all Alibaba products, from enterprise communication to e-commerce, in the coming period. The chatbot will possess Chinese and English language capabilities and will be initially …

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Rate Hike Expectations Falter as PPI Plummets 

The US Producer Price Index came in lower than expected The US Federal Reserve’s rate hike expectations have continued to wane amid a flurry of lacklustre economic data. The latest blow to inflationary pressures came from the Producer Price Index (PPI) released by the Bureau of Labor Statistics, which displayed a significant …

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Gold Surges Past 2010 as Inflation Shows Signs of Slowing

On Wednesday, 12 April, the U.S. CPI data was released, showing that March’s headline inflation in the U.S. slowed more than anticipated, with the year-on-year number showing a drop from 6.0% in February to 5.0% in March; lower than the expected 5.2%. The monthly rate decreased to 0.1% from 0.4%, which was …

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Markets Calm Before Inflation Data

Economists project the upcoming U.S. CPI figures will galvanise the markets in either direction depending on its performance U.S. equity markets have traded in low volatility for the past few sessions, but economists project the lull period will be broken after the U.S. CPI is released later today. A softer reading from …

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Equities Market Edge Higher as Risk-On Sentiment Escalates

The market has a higher risk tolerance, with U.S. equity markets edging higher and the dollar extending its gain for the 2nd straight session. On the other hand, notwithstanding a dovish stance from the newly appointed BoJ governor, economists projected that the ultra-loose monetary policy is unsustainable with the rising inflation in …

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Markets Muted While Celebrating Easter

The markets remained clueless after releasing mixed signals in the U.S. economic data last Friday. Last Friday, U.S. economic data gave mixed signals, leaving the markets clueless, especially on the upcoming Fed’s monetary policy. The Non-Farm Payroll decelerated to 236k but is in line with the market consensus. However, the country recorded …

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Mixed Asian Shares After Surprise Rate Hike by RBNZ

Asian markets were mixed as investors digested a US labour report showing a drop in job openings to their lowest level in almost two years in February. New Zealand’s central bank increased its benchmark cash rate by 50 basis points to 5.25%, causing the New Zealand dollar to strengthen by almost 0.9%. …

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CFD Rollover Notice for April

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 …

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Markets Steady Ahead of NonFarm Payroll.

Most of the asset classes were muted ahead of the Nonfarm Payroll report which will be released today; Markets seemed confused and contradictory between asset classes with the backdrop of high inflation and recession fears. Assets class, including equity markets, the U.S. dollar, gold, stayed flat on Thursday amid directionless trading. On …

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Nasdaq 100 Enters Bull Market as Fears Over Banking Crisis Ease

On Wednesday, 8 March, the U.S. ADP Nonfarm Employment Change data for February was released, coming in at a lower-than-expected 145,000 against the expected 200,000 and down from January’s figure of an upwardly-revised 261,000. This is the latest in a string of cooling data showing that the Fed’s aggressive tightening regime might …

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Is a Recession Looming?

Recession fears have escalated in the markets, especially after the ADP Nonfarm payroll was released yesterday. The dollar index traded higher, and gold prices poised at a yearly high as safe-haven assets are being sought after by investors amid a recession looming with a lower-than-expected U.S. job report. On top of that, …

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Banking Crisis Fears Resurface

Evidence of a weakening U.S. economy has led investors to rotate out of the dollar Although a hawkish statement from Cleveland Fed President Loretta Mester advocated for sustained rates above 5%; the market is struggling with the resurgence of banking fears. The newly released economic data, including the manufacturing PMI and JOLTs …

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PU Prime Server Upgraded Reminder

Dear Valued Client, PU Prime would like to remind you that we have recently completed a server upgrade to provide an enhanced trading environment for all our clients. The upgrade was carried out on 18 March 2023, from 00:00 hrs. (GMT+3) until 05:00 hrs. (GMT+3). As a result of the upgrade, the …

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Stock Markets Mixed On Concerns Over Oil Inflation Risk

OPEC+’s surprise production cut has roiled Asian the equity markets U.S. equity markets continue to be bullish, with market sentiment continuing upwards after the banking sector woes. Asian markets saw mixed performance due to inflationary worry after a surprise move from OPEC+. The oil cartel further cut production by more than 1 …

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Oil Prices Surges With OPEC+ Surprise Supply Cuts 

Oil prices surged by more than 8%, with WTI crude trading above $81 for the first time since January after an unexpected announcement from OPEC+ to cut crude supply to tighten the market. The oil allies announced cutting more than 1 million barrels of oil per day, with Saudi Arabia leading the …

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Crude Surges on Surprise OPEC+ Cuts

Oil prices surged at the beginning of the week after OPEC+ unexpectedly announced crude output cuts that could tighten the market, causing inflationary concerns for the global economy. The cuts, which will exceed 1 million barrels a day, were not expected by traders who anticipated output to remain steady. Goldman Sachs raised …

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PU Prime Starts 2023 With Beginner-Friendly Accolades

With its commitment to creating an approachable and welcoming environment for new traders, PU Prime is proud to announce that it has received three awards that perfectly encapsulates its ongoing efforts. The three awards are: Top User-Friendly Mobile App Global 2023 and Best Trading Account for Beginners Global 2023 from global media …

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Global Markets Maintain Risk-On Sentiment in Anticipation of Key PCE Reports

China’s economic performance continues to astound global markets as the latest Purchasing Managers’ Index (PMI) data revealed that the service sector activity in the country surged to its fastest pace in 12 years in March. Such sentiment has sparked optimism for the antipodean currencies, which are closely linked to China’s economy. The …

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Nasdaq 100 Enters Bull Market as Fears Over Banking Crisis Ease

Has the banking crisis abated? Equity investors seem to think so, with the Nasdaq surging close to 2% on Wednesday as the markets assess a successful containment of the banking crisis caused by the failure of regional banks and one Credit Suisse. This puts the tech-heavy index technically in bull market territory, …

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China Equity Market Rallies with Alibaba Revamp

Driven by tech shares, as concern over the financial system eased, Wall Street and Asian equity markets rallied Chinese stock indices, including the Hang Seng Index, rallied as Alibaba said it would split the company into 6 units that would potentially be listed individually. This reflects a loosening attitude from the Chinese …

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Markets Get Relief From Banking Turmoil

The banking crisis was seemingly resolved after yesterday’s news reported that First Citizens Bancshares Inc agreed to buy Silicon Valley Bank. On top of that, the U.S. authorities are considering expanding its emergency lending facilities for banks to shore up the bank’s balance sheet, which in a way supports the embattled First …

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Markets Put Less Weight On Banking Crisis

Focus has shifted back to inflation and interest rates as the banking crisis shows signs of easing Equity markets advanced and major currencies fluctuated in narrow ranges in the last session. Easing in the banking crisis and perceived lower risk of recession spurred the equity market to trade higher while modest rate …

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Equities Markets Slide as Banking Sector Concern Still Intact. 

Wall Street was hindered by the banking sector and slumped after investors digested the comment from Janet Yellen, U.S. Treasury Secretary on Wednesday’s hearing. However, Yellen attempted to alleviate market concerns during a subsequent hearing on Thursday, promising that policymakers would take further action to safeguard bank deposits if necessary. Meanwhile, Japan’s …

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Fed Takes Risk With Rate Hike Amid Banking Crisis

Investors hoping for a pause in rate hikes were disappointed as the U.S. Federal Reserve pushed ahead with a quarter-point hike at its interest rate decision on Wednesday. While way lower than 2022’s mega-hikes of 50 to 75 bps and in line with economist expectations, March’s 25-point hike is a calculated risk …

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Markets Risk-on Ahead of Fed’s Interest Rate Decision

Wall Street closed high and gold prices retraced as the fears over the banking sector crisis abated; the dollar index remains calm before the Fed’s interest rate decision announcement, which will be made later today (22nd March). However, investors are starting to discuss the banking turmoil as aftermath of central banks’ frenetic …

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Trading Schedule Changes for EU/UK Daylight Saving

Dear Valued Client, Please note that in observance of the upcoming EU/UK Daylight Saving Time on 26 March 2023, there will be changes to PU Prime’s trading schedule starting from 27 March 2023. Kindly refer to the table below for the schedule of all the instruments that are subject to changes: *All …

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Credit Suisse Fallout Hits Major Banks

The latest and largest fall in the recent banking turmoil is embattled Swiss lender Credit Suisse. Credit Suisse Group AG bondholders suffered a historic loss of about CHF 16bn ($17.3bn) worth of risky notes when a takeover by UBS Group AG triggered a “complete write-down” of the bank’s additional tier 1 (AT1) …

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Stubbornly Strong Jobs Data Supports Hawkish Fed Outlook

In a continued chain of unrelentingly robust jobs data, the U.S. ADP Nonfarm printed a reading of 242,000  for February, higher than an estimated 205 000 and up from a revised 119,000 for January. The service sector had the largest contribution to  job additions with 190,000, of which a majority came from …

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MT4 And MT5 Are Back On The App Store

MT4 and MT5 are back on the Apple App Store after being banned for more than five months Popular forex trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), have been reinstated in the Apple App Store after being banned from iOS in September 2022.  The ban has lasted over 5 months, …

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Commodities Surge as China’s Economy Recovery Sprints Ahead

On Wednesday, China released its Manufacturing PMI and Caixin Manufacturing PMI for February, beating economists’ expectations of 50.5 and 50.2 respectively. A reading above 50 indicates expansion from the previous month. This is the highest reading since April 2012, marking a faster-than-expected rebound for the world’s second-largest economy after covid-19 related shutdowns …

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CFD Rollover Notice for March

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 …

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FOMC Minutes Show Fight Against Inflation Will Continue, Soft Landing Possible

An increasingly risk-off market has been proved right as the U.S. Federal Open Market Committee (FOMC) has released the minutes of its 31 Jan – 1 Feb meeting, signalling the Fed’s resolve to continue the fight against inflation. This includes further hikes, although almost all members of the FOMC supported a slowing …

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Cheap Consumer Loans Might Backfire in China

President Xi Jinping’s effort to stimulate China’s economy through increased consumer spending is facing a new challenge as citizens misuse cheap consumer loans. Borrowers are using low-interest loans to prepay mortgages or invest in stocks, instead of buying goods as intended. This practice, which is prohibited by regulators, threatens to undermine Beijing’s …

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What Are The Factors That Affect Gold Prices?

Understand Deeper About Factors Affecting How Gold Prices Work Being one of the most widely-traded commodities in the world, gold prices can fluctuate significantly based on a number of different factors. Here are some of the key factors that easily affect the gold market and important for anyone looking to embark in …

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Understanding The Gold-Silver Ratio Trading Strategy

What Is The Gold-Silver Ratio The gold-silver ratio trading strategy is commonly used by traders in gold trading. The ratio refers to the price of gold divided by the price of silver. In other words, it is the amount of silver that is equivalent to one ounce of gold. This ratio has …

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“Goldilocks” Markets Sees Diverging Signals After CPI Release

On Tuesday, February 14, the U.S. Consumer Price Index (CPI) figures were released, showing an increase of 0.5% in January and the highest in three months but in-line with expectations. The year-on-year increase, meanwhile, is 6.4%, up slightly from market forecasts of 6.2%. Meanwhile, the core CPI, which excludes volatile food and …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new product of Forex on 20th February 2023 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+2 (Server Time in MT4/MT5.) Please note …

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Investors Snap Up Adani Bonds

Hedge funds and distressed debt specialists are buying bonds related to Gautam Adani’s business empire, a potential sign of encouragement after a recent short-seller report. Oaktree Capital Management and Davidson Kempner Capital Management are among the firms buying the debt, which suggests that a rout in Adani’s securities may be easing after …

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Techniques For Trading Bonds Futures

Make More Informed Decisions While Trading Bonds Explore the various techniques for trading bonds futures and optimize your investment strategy. Learn about the different types of bond futures contracts, such as U.S Treasury bonds futures and Eurodollar bond futures, and how to use them to hedge against interest rate risk. Understand the …

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Crude Oil Prices Defy Inventory Build

On Wednesday, the U.S Energy Information Administration reported an increase in crude inventories by 2.42 million barrels, close to the market expectations of 2.46 millions barrels. This is the third consecutive crude inventory build, coming after an outsized 4.14 million last week. This makes it a rough 4% above the 5-year average …

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What Are Government Bonds And How To Trade Them?

Understand More About Government Bonds And How To Trade Them Government bonds are widely considered as one of the least risky investments available to many investors. Read this article and learn all about government bonds including what they are, how they work and how to take a position in them through our …

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CFD Rollover Notice for February

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 …

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The Different Types Of Bonds And How To Trade Bonds

Learn How You Can Trade Bonds Successfully Get into one of the most popular financial assets in the world: bonds. Learn more about how you can trade in the bond market with PU Prime, the world’s leading CFD provider. What Are Bonds? A bond is a financial instrument that allows individuals to …

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Amazon Reports Growing Share of Tech Market

Amazon’s advertising business continues to thrive, growing 19% YoY in Q4 2022 to $11.6 billion in sales, despite a slowdown in the digital advertising market that has affected other companies like Alphabet, Facebook, and Snap. While Amazon’s advertising unit is still a small portion of the company’s overall revenue, it is seen …

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What Are Bonds And How Do They Work

What Are Bonds? Bonds refer to a type of loan in which a bondholder lends money to a company or government. The borrower pays interest periodically until a specified date in the future when repaying the original loan amount. The final amount that the bond issuer repays to the bondholder is called …

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Ahead of NFP, Fed Implements Lowest Rate Hike in 10 Months

On Wednesday, the U.S Federal Reserve released its monetary policy decision for February 2023, raising the benchmark interest rate by 25 points at the conclusion of the FOMC meeting, as widely expected by the markets. This brings the target range of 4.5% to 4.75%, making it the highest since October 2007. This …

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6 Risks Of Forex Trading Traders Should Consider

The Forex Market Is Quite Volatile And Can Carry Some Risks While there are several benefits to forex trading, the forex market also comes with a significant amount of risks. In this article, we will discuss some of the main risks that traders should consider before entering the forex market. Forex Trading …

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Adani Hits Back Against Activist Short Sellers Hindenburg

Indian billionaire Gautam Adani has published a 413-page rebuttal against Hindenburg, which has recently published a report covering extensive allegations, including stock manipulation and accounting fraud, about Adani’s multi-billion-dollar conglomerate. In response, Adani has accused Hindenburg Research of conducting a “calculated securities fraud”, and an attack on India. Adani is now considering …

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Will Chinese Demand Overshadow Supply Concerns for Crude?

A lower-than-expected build in crude oil inventories has seen the commodity trade flat as demand concerns hit the markets. On Wednesday evening, the EIA Crude Oil Inventories was released, showing a build of 522,000 barrels, putting the total inventory at 448.5 million. This is much lower than the forecasted increase of 971,000 …

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Bank of Japan (BoJ) maintains a dovish stance, Dollar dips on pessimistic economic outlook

On Wednesday, the Bank of Japan left its ultra-easing policy unchanged, sparking heavy speculation that it could be prompting the monetary policy divergence between the Bank of Japan (BoJ) and the Federal Reserve while defying market expectations it would phase out its massive stimulus program.   In the face of uncertainties worldwide, the …

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Upcoming Changes to Trading Hours

Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming Lunar New Year holidays. The deposit channel of China Mobile Pay will be temporarily suspended from 20th January 2023 to 30th January 2023. However, PU Prime will remain fully operational …

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China’s reopening :  Is the Chinese Equity Market Warming Up?

Starting Sunday, China no longer requires quarantine for inbound travellers. No more testing requirements to board trains, planes, ferries or shuttle buses for domestic travel. While anyone wanting to enter the country will only need a 48-hour negative Covid test result. Officials estimate that the number of trips over the Chinese New …

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Understanding Stop Loss And Stop Limit Order In CFD Trading

Stop Loss And Stop Limit Orders Are Commonly Used In CFD Trading. Stop loss orders and stop limit orders are often used in trading CFD, which stands for Contract For Differences, to limit losses on a position. A stop loss order is an order to sell a security when it reaches a …

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CFD Rollover Notice for January

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 …

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FOMC Minutes:  No Light at the End of The Tunnel for Fed

On Wednesday, the U.S Federal Reserve released the minutes for its 13-14 December meeting, revealing a key message coming from committee members to investors: don’t start counting on a dovish pivot just yet.   Quoting from the minutes – “an unwarranted easing in financial conditions, especially if driven by a misperception by the …

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Understand The Basics Of Contract For Difference (CFD)

Contract For Differences Overview & Examples CFD refers to a financial contract between brokers and traders to pay the price differences in the asset between opening and closing trade. Find out about what CFD is and how it works below. What Is Contract For Differences (CFD) First of all, a contract for …

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PU Prime Bags a Grand Total of 12 International Awards for 2022

After a gruelling but rewarding year, PU Prime is proud to announce that it has accumulated 12 industry awards (see complete list below) for 2022. The awards originate from a variety of well-established international organisations, reflecting a range of best-in-class achievements under various criteria, from having the best affiliate partnership program in …

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North Korea in a Year of Unprecedented Aggression

North Korea in a Year of Unprecedented Aggression North Korea has launched a record number of missile tests in 2022, far outnumbering previous recorded years at a total of 90 missiles fired – compared to 2021’s 8 missiles. Meanwhile, North Korean leader Kim Jung Un has ordered an ‘exponential’ increase in the …

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Will the Japanese Yen See a Big U-Turn in 2023?

On Wednesday, the Bank of Japan released a summary of opinions from its December meeting. The meeting, originally held on 20 December, saw the BoJ increase its 10-year benchmark yield ceiling in a surprise move that boosted the yen over 3% by investors betting on a Hawkish turn by the BoJ.  However, …

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Learn How To Trade Contract For Differences (CFD)

Learn How To Trade Contract For Differences (CFD) Contract For Differences, also known as CFD in short, allows traders to earn from price movements of underlying assets such as stocks and currencies without actually owning them. Learn how you can trade CFD. CFDs refer to financial contracts between brokers and traders which …

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Bank of Japan’s Surprise Bond Cap Raise

Japan’s outgoing central bank governor Haruhiko Kuroda surprised markets with an increase of 25 basis points on the cap for the BoJ’s 10-year yields, effectively doubling the limit. The surprise has caught economists by surprise in light of the BoJ’s extreme dovishness even as the rest of the world embraces tightening. While …

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Comparison Between MetaTrader Platforms: MT4 And MT5

MT5 being known as the upgraded adaptation of MT4 Both MT4 and MT5 have very similar interfaces, but the latter has more features which facilitates a more efficient trading experience. Read on and find out the differences between the two platforms and how one can make their MetaTrader platform selection.  More Trading …

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Outlook on Crude Positive for Early 2023 on China Reopening and OPEC+ Cuts

U.S. crude oil stockpiles fell much more than expected, according to the data of the American Petroleum Institute (API). The weekly report released by the organisation reported a draw of nearly 3.1 million barrels of crude oil for the week ending in December 16th. Compared to a build up of more than …

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What Are The Best Trading Indicators For Gold?

Gold Price Movements Can Be Predicted With The Best Trading Indicators For Gold Trading indicators are widely used in gold trading to derive insights from historical data so that these gold traders could make predictions about gold price movements. Hence, here are the best trading indicators for gold you need to know …

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PU Prime Wins Best CFD Broker in The Philippines 2022

PU Prime is delighted to announce that it has added yet another award to its wide range of accolades this year. The company most recently picked up the Best CFD Broker in The Philippines for 2022 at a gala dinner held in Ho Chi Minh City on 10 December 2022. The award …

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U.S. Charges Sam Bankman-Fried for Fraud

Embattled FTX founder Sam Bankman-Fried has been slapped with 8 charges by federal prosecutors, including conspiracy and wire fraud. The ex-CEO was arrested in the Bahamas on Monday – the first move by the authorities to hold those involved in the FTX meltdown and the subsequent loss of billions in client funds …

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Scaled-Down 50bps Hike From Fed Belies Hawkish Outlook

On Wednesday, 14 December, the U.S. Federal Reserve announced its last rate hike of the year – a 50-basis point increase to the Fed fund rate, well in line with the market’s expectations. This brings the Fed benchmark rate to 4.25% – 4.5%, the highest in 15 years. While a dovish step …

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Understanding What You Need To Know About Leverage

Find out more about leverage, margin, and how they can benefit you when trading forex, gold, and more You might have heard the term “leverage” being used by traders or in the finance world, but what does it really mean? Leverage is a tool used by investors or traders to amplify their …

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U.S. to Send More Aid to Ukraine

The U.S. will send another security package to Ukraine, worth US$275 million, consisting of new capabilities to boost its air defences. This puts the total amount of direct aid the U.S. has delivered to Ukraine since Russia’s invasion at $13 billion. U.S. President Joe Biden and Treasury Secretary Janet Yellen have both …

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Gold Struggles to Find Direction even as China Eases Covid Restrictions

China has announced that it will be lifting its strictest covid policies, including being forced to quarantine in state facilities and the need to test before entering most venues. The easing has been released in a series of new guidelines that include a ban on blocking fire exits, encouraging vaccinations among the …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new product of Forex on 12th December 2022 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+2 (Server Time in MT4/MT5.) Please note …

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6 Key Gold Trading Strategies To Know

Understanding Gold Trading Strategies Is Vital To Increasing Gains Gold trading strategies are referred to as guidebooks by many gold traders to navigate how to manage a trade and when to close it. However, each form of a transaction has its own characteristics and not all trading strategies used for trading other …

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CFD Rollover Notice for December

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 …

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Will Dovish Signalling Underscore the Effects of the Upcoming NFP?

On Wednesday evening, November’s ADP Nonfarm Employment Change numbers were released, vastly underperforming expectations with an increase of 127,000 private payroll jobs, well below the estimate of 190,000 and the previous month’s 239,000.  The leisure and hospitality sector was the largest gainer, with an increase in 224,000 jobs. The most significant sector …

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Covid Protests Erupt Across China

As frustrations mount over China’s zero covid policy and continued lockdowns, protests, a rare sight in China, have sprung up all over the country. The lastest happened on Sunday, where protesters and and police clashed in Shanghai. In Wuhan, Chengdu and the capital of Beijing, demonstraters have also taken to the streets, …

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FOMC Minutes Point to Less Hawks Decisions

On Wednesday, 24 November (GMT+2), the Federal Open Market Committee (FOMC) released the minutes of its 1-2 November meeting. Reflecting statements multiple officials have made over the last several weeks, the meeting summary concluded that a substantial majority of the Monetary Policy Committee (MPC) agreed it would probably moderate the pace of …

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Tencent Wins First Game License in 18 Months

Chinese tech and gaming giant Tencent has been awarded its first license for a video game in 18 months. This comes after the Chinese authorities started its wide-reaching crackdown on big tech companies, implementing legislation like limiting the amount of time children could spend playing games, and freezing the approval of new …

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Why Is Gold Volatility So High?

Understanding Gold Volatility Factors Is Key To Successful Gold Trading To be more successful in gold trading, a good understanding of gold volatility and gold prices would, more often than not, help gold traders make more informed decisions. While gold remains a highly liquid asset with hundreds of billions worth traded everyday, …

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Geopolitical Headwinds Overshadow Crude Inventory Drop

On Wednesday evening, the EIA Crude Oil Inventories was released, with a draw of 5.4 million barrels – almost 5 million higher than the expected draw of 440,000 barrels. This puts current inventories at 435.4 million barrels, 4% below the 5-year average for this time of the year.  Normally, a larger-than-expected drop …

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Key Indices From Around The World

Financial Times-Stock Exchange 100 Share Index (FTSE 100) The FTSE 100 tracks the 100 largest companies on the London Stock Exchange. Like the S&P 500, it is often regarded as an indicator of the health of the wider UK equity market. Also like the S&P 500, the FTSE 100’s constituent stocks are …

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FTX Declares Bankruptcy

Embattled cryptocurrency exchange FTX has declared bankruptcy in the latest saga in the crypto world. The company saw a mass exodus of holders of its native coin, FTT, after news emerged that its finances, including that of its sister trading company Alameda Research, was on shaky ground. Alameda itself is being accused …

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PU Prime – Forex Trading App

Access The Forex Market Anywhere With PU Prime’s Mobile Forex Trading App Forex trading apps are mobile applications that allow traders to access the foreign exchange market and make trades on their mobile devices. These apps typically offer many of the same features as desktop trading platforms, such as real-time quotes, charting …

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Top Benefits To Forex Trading

It Is Key To Understand The Reasons Why You Choose To Start Forex Trading Forex trading has emerged as a dynamic and potentially rewarding financial endeavor, drawing the attention of traders and investors worldwide. The forex market, known for its accessibility and liquidity, has become a preferred choice for many. Check this …

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CFD Rollover Notice for November

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 …

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U.S. Midterm Elections Ahead

What You Need to Know Asian markets are on the upsurge, especially the Hong Kong market, which climbed more than 11% in November. The Sterling will suffer as the BoE has turned its focus from inflation to saving its negative economic outlook, which will drive the market to sell off more pounds. …

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U.S. Midterm Elections Underway

After weeks of campaigning, the 2022 U.S. midterm elections are set to be held on 8th November, Tuesday.  With inflation in full swing and multiple signals of an impending recession, it looks the economy – more specifically the cost of living – might decide who the winning party is. All 435 House …

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U.S. Shares Tumble on Hawkish Fed Signals

On Wednesday, 2 November, the US Federal Reserve implemented its fourth mega hike, raising interest rates by 75 basis points, or 0.75%, in its continuing fight against high inflation. This brings the current Fed’s benchmark rate to 3.75% – 4%, with rates expected to hit a ceiling at 4.5% – 4.75% in …

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PU Prime Launches Bonds and Bovespa Index

Customers of leading CFD broker PU Prime can now enjoy trading a new category of instruments: Bonds. The new product category has launched with 7 sovereign bonds, including futures for the US Treasury 10-year note, and EURIBOR (see full list below). With this addition to its range of product offerings, PU Prime …

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What a New Prime Minister Spells for the Pound’s Future

On Tuesday, 25 October, Rishi Sunak was sworn in as the new Prime Minister of the UK. The 42-year-old is the third UK PM in 7 weeks, replacing Liz Truss, who was PM for the whole of 44 days. Sunak comes at a time of great financial instability for the UK, with …

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What Are The Best Trading Hours In Forex Markets

Just as with most forms of investing and trading, taking note of the trading hours in the forex market is everything in Forex trading. Grasping the right trading hours in the day to trade, knowing the dates of important economic announcements, and just timing your trades correctly will give you an edge, …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new product of Bonds and Indices CFD on 31st October 2022 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 …

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Trading Hour Schedule Changes for UK/EU Daylight Saving

Dear Valued Client, Please note that in observance of the upcoming Daylight Saving Time in UK/EU, there will be changes to PU Prime’s trading schedule from 31st October 2022. 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 …

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Gold Remains Downbeat as Treasury Yields Hit Decade High

Recession fears are plaguing the markets more strongly than ever. On Wednesday, US Treasury yields hit a 14-year high, with the 10-year note hitting as high as 4.153% as of writing – the highest since 2008’s recession. Meanwhile, the 2-year yield rose by 13 basis points to 4.57%. More importantly, the 3-month …

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More U-turns Foreseen From Bank of England

UK Chancellor of the Exchequer Kwasi Kwarteng made an unprecedentedly dramatic early exit from an International Monetary Fund event in Washington on Friday, with many thinking it was to return to the UK to prepare his fiscal plan. Turns out, Kwarteng was being asked to leave his post by UK Prime Minister …

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Fed Inflation Fears and Weak Demand Outlook Weigh on Crude

On Wednesday, 12 October (GMT+3), the US Energy Information Administration (EIA) released its Short-Term Energy Outlook (SETO). Forecasts for 2023 revealed an average global oil production of 100.7 million barrels a day – down 600,000 from September’s forecast and reflecting OPEC+’s announced cuts.  Oil consumption for 2023 is forecasted to be 101 …

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PU Prime Received The Fastest Growing Forex Broker APAC 2022

Straight from winning multiple prizes from various global organisations, PU Prime enters the fourth quarter with an award for Fastest Growing Forex Broker APAC 2022 from global finance publication World Business Outlook. World Business Outlook’s awards programme is made possible through a team of field experts and industry captains, who make up …

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Europe Has Almost Enough Gas for Winter, But IEA is Worrying About 2023

The International Energy Agency’s (IEA) executive director, Fatih Birol, has said that 90% of gas storage was full in Europe, and that bar surprises, Europe can get through the winter. 2023, however, remains in question because 2022 still saw some Russian gas being imported, as well as lower demand from China due …

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CFD Rollover Notice for October

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 …

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Outsized ADP Nonfarm Employment Fizzles Stock Rally give back

On Wednesday evening (GMT+3), the US ADP Nonfarm Employment data was released, clocking in at 208,000 jobs added, better than the 200,000 forecasted and August’s 185,000. While the manufacturing, natural resources, and mining industries reported a loss of 29,000 positions, huge additions in the trade, transportation, utilities; and business and professional services …

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Bank of English Stages Emergency Bond Buying as Pound Plunges 

Bank of English Stages Emergency Bond Buying as Pound Plunges  The Bank of England, UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability” after the pound went into free fall after new prime minister Liz Truss announced tax cuts …

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Pound Freefall Prompts BoE Emergency Bond-Buying

The Bank of England, the UK’s Central Bank, has announced this week a temporary gilt-buying programme to urgently respond to a “material risk to UK financial stability”. This comes as gilt yields were on course for record highs as investors exited UK’s bonds after the government announced underfunded tax cuts and increased …

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How To Invest In And Trade Gold

Gold has been used as a store of value for thousands of years. Even today, it remains a highly liquid asset, with hundreds of billions worth traded every day. Content: What Is Gold And Gold Trading?What Affects The Price Of Gold? Why Gold Trading?How To Start Trading Gold?How To Read And Analyse …

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What is Copy Trading?

Often used by new investors to replicate the success of more experienced traders, copy trading is exactly what it sounds like – a system that allows traders to join a network of other traders, pick the traders they like, and copy the trades that they make. For the less-experienced trader, the trading …

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Google Fined in South Korea and Europe

Google will be fined $4.12 billion in its antitrust suit with the EU, which describes an accusation that Google uses its Android OS to quash competition. However, the fine has been reduced from the original 4.34 billion euros, proposed in 2018, to 4.125 billion euros. This is the third EU fine for …

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SDR Stock Split Notice

Dear Valued Client, Please be advised of the upcoming Schroders PLC (SDR) stock split that is going to take place as per the following schedule: •   Ex-Date: September 20th, 2022 (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 …

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Downbeat CPI Read Sends Shares Tumbling

On Tuesday (GMT+3), the US released its year-on-year Consumer Price Index (CPI) figure, showing that inflation came in at 8.3%, higher than the expected 8.1% but lower than the previous month’s 8.5%. The month-on-month core CPI change, meanwhile, came in at an increase of 0.6% versus an expected increase of 0.3%. While …

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Upcoming Changes to Trading Hours

Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming The Queen‘s Funeral. Please refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that in the event of …

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PANW Stock Split Notice

Dear Valued Client, Please be advised of the upcoming Palo Alto Networks Inc Prov (PANW) stock split that is going to take place as per the following schedule: • Ex-Date: September 14th, 2022 (GMT+3, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. The primary motive is to make …

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CFD Rollover Notice for September

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 …

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Upcoming Changes to Trading Hours

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.) Please note that in the event of reduced …

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ADP Nonfarm Underperforms Ahead of NFP

On Wednesday (GMT+3) 31st August, the ADP US Nonfarm Employment figures were released after a 2-month hiatus. According to the ADP, US private payrolls grew by 132,000 – down from the 268,000 in July and the forecasted 300,000 increase. The ADP took a two-month hiatus to revise its methodology and released June, …

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EU/UK Share CFDs Products Optimisation Notice

Dear Valued Client, Please be advised that the minimum commission 13 USD per trade of all EU/UK Share CFDs product will be removed starting from 5th September 2022 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 …

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Large Crude Inventory Drop Sends Prices Up

On Wednesday (GMT+3) 24th August, the US crude oil inventories greatly outperformed expectations, dropping by 3.282 million barrels against an expected drop of 0.922 barrels for the week of 19 August. The Energy Information Administration also reported a drop of 0.661 million barrels against expectations for an increase of 0.58 million barrels.  …

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Congress Passes Inflation Reduction Act

Despite its name, the Inflation Reduction Act does not, nor is it meant to ease inflation. Instead, the broadly-named $750 billion bill covers health care, taxes, and climate change in what president Joe Biden called a win for the American people and a loss for special interests. Some of the primary constituents …

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FOMC Minutes Reveals Fed’s Inflation Fears

On Wednesday, 17 August (GMT+3), the Federal Open Market Committee (FOMC) released the minutes for its 26-27 July meeting. In it, the Fed has finally decided to take a step back to assess the effects of aggressive monetary tightening. For the past few rate hikes, which saw increases as high as 75 …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new products of ETFs on MT5 server starting from 29th August 2022 to provide clients with a broader portfolio of products. Please refer to the below outlining of the new instruments: Product Number of ETFs Product List and Specifications …

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Coinbase reports $1.1 Billion Loss

At its most recent earnings call, cryptocurrency platform Coinbase reported a tremendous loss of $1.1 billion in revenue for Q2, pulling the company’s stock down over 10% on Tuesday to $87.68. Earnings per share for the company also largely underperformed, with a loss of $4.98 per share versus an expected $2.65. Quarter-on-quarter …

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Is This Little-Known Hong Kong Tech Company the Next Meme Stock?

AMTD Digital, a little-known fintech company based in Hong Kong and listed on the NYSE (HKD) surged over 1500% in five days during last week’s trading. Since its IPO earlier this year in July, the company’s stock has surged from US$7.80 to a high of over US$1670 for a market cap of …

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Indices Product Optimisation Notice

Dear Valued Client, Please be advised that there will be optimisation on indices product from 13th August 2022 to further enhance the competitiveness and improve the trading environment. Please refer to the table below for optimisation: *All dates and time are provided in GMT+3 (Server Time in MT4/MT5.) Please be aware that …

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Will JOLTs Data Foreshadow Friday’s NFP?

On Tuesday evening (GMT+3), the US JOLTs Job Openings data was released, showing 10.689 million job openings, lower than the expected 11 million and the previous month’s value of 11.303 million. This is also the lowest in 9 months.  Robert Frick, corporate economist at Navy Federal Credit Union, notes: “Fewer openings likely …

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Upcoming Changes to Trading Hours

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.) Please note that in the event of reduced …

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Debate on Recession Continues

With the most recent US GDP figures (-0.9%) showing a second back-to-back negative reading, many are saying that the US has entered a recession. This comes after another recession indicator, an inversion of the US Treasury yield curve, began flashing several times starting in April. Most recently, interest on the 2-year note …

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Tech Stocks Slide on Trimmed Forecasts

Stocks of Apple slid 2% to $147.07 on Monday as the world’s most valuable company announced that it would be slowing hiring and spending growth in 2023 as recession concerns hit the market. Alphabet stock is also down over 2%, a week after it announced that Google would slow hiring for the …

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Will the ECB Hike Rates by 25 or 50 Points?

At 15:15 (GMT+3) on Wednesday, the European Central Bank will be making its interest rate decision. The central bank is expected to hike rates, the first time it will do so in 11 years. For the past 8 years, interest rates in the EU have been negative – but rampaging inflation has …

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GOOG Stock Split Notice

Dear Valued Client, Please be advised of the upcoming ALPHABET INC-CL C (GOOG) stock split that is going to take place as per the following schedule: •  Ex-Date: July 18th, 2022 (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 …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new products of Share CFDs on MT5 server starting from 18th July 2022 to provide clients with a broader to provide clients with a broader portfolio of products. Please refer to the below outlining of the new instruments: Shares …

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CFD Rollover Notice for July

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 …

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PU Prime Launches Copy Trading App – PU Social

04/07/2022 – Award-winning online trading platform PU Prime has launched its newest feature, copy trading, through the PU Social app. With its belief that given the right tools, everyone can trade, PU Prime is taking things one step further with PU Social. Now, all traders can connect, learn, and copy the trades …

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Crude Drops Despite EIA Inventory Decrease

On Wednesday (GMT+3), the US Energy Information Administration reported a decrease of 2.762 million barrels in its crude oil inventories for the week of 24 June. This is more than the forecasted decrease of 569,000 barrels and the previous week’s decrease of 386,000.  Meanwhile, gasoline stocks increased by 2.6 million barrels, while …

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Upcoming Changes to Trading Hours

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.) Please note that in the event of reduced …

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MT4 Server Version Upgrade Notice

Dear Valued Client, PU Prime would like to launch MT4 Server Version Upgrade to the latest version of “build 1353” on July 2 MT4 Server Time (GMT+3) to provide a better and more reliable trading environment. Please make sure your MT4 trading platform is up to date with version 1353 after July …

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Powell Raises “Unconditional” Commitment to Battling Inflation

Fighting rampant inflation has become the Fed’s main objective, and Fed Chair Jerome Powell’s words to the US House Financial Services Committee during his semi-annual testimony might have sparked more than a few fears about a recession. Specifically, it means that the Fed might be ready to cause increased unemployment or even …

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Crude Tumbles On Recession Fears and Biden’s Petrol Tax Holiday

On Wednesday afternoon, 22 June, Fed Chairman Jerome Powell made his semi-annual testimony to the Senate Banking Committee. In his testimony, Powell highlighted that the Fed was “strongly committed” to bringing down inflation and that the American economy is in a strong position to handle the continued rate hikes. However, Powell has …

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SHOPIFY Stock Split Notice

Dear Valued Client, Please be advised of the upcoming SHOPIFY INC – CLASS A (SHOP) stock split that is going to take place as per the following schedule: •  Ex-Date: June 29th, 2022 (GMT+3, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. The primary motive is to make the …

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Fed’s 75 Point Hike Boosts Equity Markets

On Wednesday evening (GMT+3), the US Federal Reserve announced a rate hike of 0.75% or 75 basis points, up from the last rate hike of 50 points. This is the largest Fed interest rate hike in 28 years, and brings the benchmark interest rate to between 1.50% – 1.75%, a number last …

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Server Upgrade Notice

Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers between 03:30 hrs. (GMT+3) until 11:00 hrs. (GMT+3) on June 18. Access to MT4/MT5 accounts will not be available during the server upgrading period. We would also like to highlight that all orders would not be executed during the hours mentioned …

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Upcoming Changes to Trading Hours

Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming Juneteenth holiday. Please refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that in the event of reduced …

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Biden Looks The Other Way For Chinese Solar Manufacturers

To boost the slowing US solar industry, Biden has ordered that regulators turn a blind eye to potential trade regulation violations by Chinese solar panel manufacturers and let them go unpunished for the next two years. This is with the hopes that an influx of cheap, foreign solar panels into the US …

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Oil Rises Despite EIA Crude Oil Inventory Increase

On Wednesday evening (GMT+3), the US EIA Crude Oil Inventories data was released. For the Week of 3 June, US inventories of crude increased by 2.025 million barrels. This is compared to the forecasted draw of 1.917 million, and the previous week’s draw of 5.068 million.  Meanwhile, distillate inventories saw a rise …

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New Product Launch

Dear Valued Client, We are pleased to announce that PU Prime will launch new product of Commodities on 13th June 2022 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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CFD Rollover Notice for June

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 …

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Upcoming Changes to Trading Hours

Dear Valued Client, Please be advised that the following instruments’ trading hours and market session times will be affected by the upcoming Queen’s Birthday and Youth Day holidays. Please refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that in …

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PU Prime Picks Up “World’s Best Online Broker”
award at The Financial Expo Egypt 2022

Dear Valued Clients, 03 June 2022 – Fresh from picking up two awards for 2022, online trading platform PU Prime has once again received recognition, this time with the award for World’s Best Online Broker at the Financial Expo Egypt 2022. Held from 25-26 May in Egypt, the Financial Expo gathered more …

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AMAZON Stock Split Notice

Dear Valued Client, Please be advised of the upcoming AMAZON.COM INC(AMAZON) stock split that is going to take place as per the following schedule: •   Ex-Date: June 6th, 2022 (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 …

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Positive Manufacturing PMI Buoys Dollar

On Wednesday evening (GMT+3), the US ISM Manufacturing Purchasing Managers‘ Index (PMI) figure for May was released. May showed a reading of 56.1, higher than the forecasted 54.5 and the previous month’s value of 55.4. The ISM Manufacturing PMI measures product demand from over 300 key manufacturers in the US and is …

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ECB To End 8 Years of Negative Interest Rates

On Wednesday morning (GMT+3), Germany released its quarter-on-quarter GDP figures. The 0.2% increase was exactly in line with forecasts, while an increase from the previous quarters -0.3%. Year-on-year growth for Q1 stands at 3.8%, up from the forecasted 3.7%. Earlier in the week on Tuesday, European Central Bank (ECB) president Christine Lagarde …

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Indices Products Optimisation Notice

Dear Valued Client, Please be advised that PU Prime is removing the suffix on Indices CFDs products from 16th May 2022. This would make it easier for clients to identify our Indices products on Market Watch thus improving clients’ experience. Please refer to the table below for optimisation: *All dates are provided …

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CFD Rollover Notice for May

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 …

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An Imminent Global Food Crisis?

Russia’s war in Ukraine has had a profound effect on global food distribution, and world leaders are anxious to address any coming issues. US Treasury Secretary Janet Yellen will be meeting ministers from industrial nations – including IMF leaders and G7 members – around the world to address the growing food supply …

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French Presidential Election 2022

Dear Valued Client, With the five-year term of the incumbent officeholder coming to a close, France kick started their Presidential Election with the first round held on 10th April 2022. As no candidate have secured an absolute majority of votes in the first round, the second and final round will be held …

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8 Million EIA Inventory Drop Sends Crude Prices Up

On Wednesday (GMT+3), the US Energy Information Administration reported a large decrease of 8.02 million barrels in its crude oil inventories, bringing its current inventory to 413.7 million barrels. The numbers are far from the forecasted increase of 2.471 million barrels, and last week’s increase of 9.382 million. Meanwhile, gasoline inventories see …

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CFD Rollover Notice for April

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 …

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How to Diversify Your Portfolio for Inflation

While most investors will greet inflation as bad news, moderate, consistent inflation is healthy for the economy, promoting productivity and driving demand and consumption. However, high inflation can also erode the value of cash – often at a much quicker rate than income increases. Other assets, however, can grow with and even …

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Huge EIA Inventory Increase Fails to Soothe Oil Prices

On Wednesday (GMT+3), the US Energy Information Administration reported an increase in 9.382 million barrels in its crude oil inventories. This is significantly higher than both the estimated increase of 863,000 barrels, and the previous number of 2.421 million barrels. An increase in inventories usually implies weaker demand and would be bearish …

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Indices CFDs – HSI Symbol Change Notice

Dear Valued Client, PU Prime will be updating our HSI symbol to HK50 effective from 18th April 2022. Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note that the above information may be subjected to change. Kindly refer to …

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FOMC Minutes Point To $95b Balance Sheet Cuts

On Wednesday, 6 April (GMT+3), the Federal Open Market Committee (FOMC) released the minutes for its 15-16 March meeting. As expected, the meeting was focused on discussing the tightening measures that the Fed would take to rein in galloping inflation. Chiefly, the central bank has plans to shrink its almost-US$9 trillion balance …

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New Product Launch

Dear Valued Clients: We are pleased to announce the addition of the following IFEU futures to provide clients with a broader portfolio of products, Brent Crude Oil Futures (UKOUSDft) and Financial Times Stock Exchange 100 Index Futures (FTSE 100ft). We would like to highlight that as trading with us would be with …

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Singapore Increasingly Seen as Safe Haven For Chinese Wealth

As Beijing’s crackdown on the country’s wealthy continues under president Xi Jinping’s “common prosperity” policy, an increasing number of China’s affluent are moving their money to Singapore and setting up family offices. Singapore’s attractiveness stems from its large Chinese-speaking population, lack of wealth tax, and relative proximity. The trend started in 2019 …

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Upcoming Changes to Trading Hours

Dear Valued Client, Please be advised that the trading hours and market session times of the following instruments will be affected by the upcoming Odisha Day and Ching Ming Festival. Please refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (Server Time in MT4/MT5.) Please note …

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Server Upgrade Notice

Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers between 00:00 hrs. (GMT+3) until 09:00 hrs. (GMT+3) on April 2. Access to MT4/MT5 accounts will not be available during the server upgrading period. We would also like to highlight that all orders would not be executed during the hours mentioned …

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PU Prime Picks Up “World’s Fastest Growing Online Broker 2021”
and “Most Innovative Forex Broker MENA 2021”

Dear Valued Clients, PU Prime is proud to announce that we have been awarded the World’s Fastest Growing Online Broker 2021 and Most Innovative Forex Broker MENA 2021 at the International Business Awards 2021. Organised by the Dubai-based International Business Magazine, the International Business Awards is a recognition of the best-in-class achievements …

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Crude Surges Amid Lower-than-expected EIA Inventories

On Wednesday evening March 23 (GMT+3), the US Energy Information Administration (EIA) reported a decrease of 2.508 million barrels in its crude oil inventories for the week of 18 March. This is in contrast to the forecasted increase of 0.114m barrels, and the previous increase of 4.345M. Meanwhile, a disruption in the …

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PU Prime Unveils a new Logo and Website

Dear Valued Clients: PU Prime is excited to announce a brand-new logo and an improved site experience. To better appeal to a new generation of customers, the industry-leading brokerage has launched with a fresh look for its logo. Figure 1. The new PU Prime logo The new PU Prime logo As the …

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China Sees Worst Covid-19 Outbreak Since Pandemic Start

28 of China’s 31 provinces have recently seen an outbreak of the highly-infectious Omicron variant of the coronavirus. With over 15,000 infected, this is the largest outbreak China has seen since the initial wave of the virus. The recent outbreak has hit major cities including Shanghai and Shenzhen. Dongguan city, the fifth-largest …

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Gold Steadies as Fed Increases Interest Rate By Expected 0.25%

On Wednesday, 16 March, the US Federal Reserve made the long-awaited decision to raise interest rates to combat surging inflation. As per the market’s expectations, the Fed raised rates by 25 basis points. The 0.25% rate hike was voted on almost unanimously by policymakers, except St Louis Fed president James Bullard, who voted …

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The Psychology of Trading

When trading, the two most common and dangerous emotions are fear and greed. Fear and greed can ruin even the best trading strategies. A single moment of fear or greed and lose your months of hard-earned profits. Having discipline and keeping your emotions under control is an invaluable skill in trading. Greed …

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Technical Analysis: Chart Patterns

Traders believe that the underlying theory behind chart patterns is that various shapes, or patterns, repeatedly show up on charts, and highlight various trends that can present trading opportunities. The most common chart patterns are: Symmetrical TrianglesAscending TrianglesDescending TrianglesDouble TopDouble BottomHead and ShouldersReverse Head and Shoulders Symmetrical Triangles A neutral continuation pattern …

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The Basics Of Technical Analysis

Understanding technical analysis and the dynamics of price movements is crucial for traders and investors in the fast-paced world of the financial markets. This is where technical analysis comes into play. By examining historical market data, technical analysis empowers individuals to decipher patterns and trends, enabling them to make informed decisions about …

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Understanding The Basics Of Fundamental Analysis

When formulating a trading strategy, traders employ various tools that can be broadly classified into two types of analysis methods: technical analysis and fundamental analysis. Although there are differing opinions on each approach, there is no definitive answer as to which trading strategy is “superior.” Each analysis method has its own advantages, …

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Understanding Fundamental Forex Trading Basics

Content: What Is Forex Or The Foreign Exchange?Example Of Forex TradingWhen Is Forex Traded?What Are Quotes In Forex Trading?How Do You Read A Forex Quote?Understanding What Is A Pip And A LotExplaining The Bid, Ask And Spread In Forex TradingWhat Does It Mean To Go Long Or Short In Forex TradingWhat Is …

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Understanding The Main Financial Market Categories

In the ever-evolving landscape of global economics, understanding the diverse array of the financial market is crucial for informed decision-making and successful investments. This blog article serves as your gateway to comprehending the intricate world of financial markets. By exploring the various categories and functions within this dynamic realm, you’ll gain the …

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An Introduction To The Financial Markets And Trading

Financial trading refers to the buying and selling of financial instruments in the financial markets, with the goal of generating profit from the price movements of these assets. It involves making decisions based on various factors, including market knowledge, market analysis and risk management strategies. What Are The Financial Markets? A financial …

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Oil Prices Cool as UAE Pledges to Open the Taps

After a month of rallying in response to the Russia-Ukraine conflict, oil prices have finally cooled at the combined news of Ukraine withdrawing its NATO application; and the UAE saying that it will increase oil production while encouraging its allies in the Organization of the Petroleum Exporting Countries (OPEC) to do the …

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Chinese tech companies bullish on the metaverse

Despite the regulatory risks, Chinese tech companies are doubling down on their bets on the metaverse, ranking in the top among companies filing for NFT and metaverse-related trademarks and patents. In 2021 and 2020, Tencent filed a total of 4085 patents while Baidu filed 3094, taking second and third places respectively behind …

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Markets Build Risk Appetite as ADP Nonfarm Exceeds Expectations

On Wednesday, 15:15 (GMT+2), data for the February US ADP Nonfarm Employment Change was released. At 475,000, the number beat out the market estimate of 378K, although it is still lower than the previous month’s 509,000. Broken down, February’s numbers indicate a significant employment drop of 96,000 in small businesses, although overall …

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PUPRIME CFD Rollover Notice for March

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 …

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Gold Surges as Geopolitical Tension in Eastern Europe Rises to New Heights

Rising geopolitical tensions between Russia and the West, combined with the effects of booming worldwide inflation, has caused the price of gold to soar. The precious metal is trading at its highest prices in over a year as investors seek the safe-haven asset in response to Putin’s increasing belligerent stance against Ukraine; …

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PUPRIME CFD Rollover Notice for February

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 …

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Tonight’s EIA Data will Confirm Bullish Sentiment for Crude Oil

On Wednesday night, January 19 (GMT+2), data released by the American Petroleum Institute (API) showed that U.S. crude oil inventories increased by 1.4 million barrels in the week of 14 January, while gasoline inventories increased by 3.5 million barrels. Meanwhile, distillate fuel stocks fell by 1.2 million barrels. In its latest report, …

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What To Look Out For When Picking A Forex Broker

Some Features That A Good Forex Broker Would Have It is important to choose the best forex broker for a more effective forex trading experience. Read this article to find out some of the features that the right forex broker should have. The Cost Of Trading: Spreads, Fees, And Swap Rates To …

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The Importance of Having a Reliable Online Broker

Now that you’ve decided to embark on your investment journey, it’s time to pick a broker or trading platform with which to conduct your investments through. There will be a large number of options to choose from, with most offering some kind of incentive to register, from deposit bonuses to low trading …

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The 5 Most Common Mistakes Made By Beginner Forex Traders

Most Forex Traders Who Are Just Starting Forex Trading Tend To Make Mistakes Becoming a forex trader and entering the world of forex trading can be an exciting endeavor. It’s a market brimming with potential and opportunities. However, for many beginner forex traders, the journey is often marked by a series of …

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PUPRIME CFD Rollover Notice for January

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 …

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How Can You Deal with a Bear Market?

Like the tides, the financial markets wax and wane. It’s all part of the natural cycles of the financial system since no bull market can last forever. A bear market is usually defined as a 20% or more drop of a major stock index. While the index most commonly used as the …

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ADP Employment Data Far Exceeds Expectations

On January 5 (Wednesday), the United States announced the December ADP employment data. According to the ADP private payroll numbers for December, 807,000 jobs were added compared to estimates of a figure of 410,000 and the previous value of 534,000, the largest increase since May 2021. The minutes from the Fed’s December FOMC meeting on …

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PUPRIME CFD Rollover Notice for December

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 …

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PUPRIME Shares CFDs – MVRS Symbol Change Notice

Dear Valued Client, Pacific Union will update the symbol for Facebook Inc. from MVRS back to FB effective from 6th December 2021. Facebook Inc. (FB) have announced to delay the ticker change to the first quarter of 2022. Shares will continue to be listed on the Nasdaq with the ticker: FB (the stock …

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PUPRIME CFD Rollover Notice for December

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 …

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PUPRIME New Product Launch

Dear Valued Client, We are pleased to announce that Pacific Union will launch the new product of Forex pairs USDTRY and EURTRY on 6th December 2021 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+2 (Server …

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PUPRIME New Product Launch

Dear Valued Client, To provide a broader portfolio of products, Pacific Union will launch the new product of Forex pairs USDBRL and USDINR on 15th November 2021. Please refer to the table below outlining the new instrument: *All dates are provided in GMT+2 (Server Time in MT4/MT5.) Please note that the above …

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PUPRIME CFD Rollover Notice for November

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 …

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PUPRIME System Upgrade Maintenance Notice

Dear Valued Client, To provide a better reliable trading environment, Pacific Union would like to launch a Live and Demo Server upgrades for MT4/MT5 starting from Server Time (GMT+3) 00:00 of November 7th 2021. Clients would not be able to login for MT4/MT5 Live/Demo account and also Client Portal during the upgrade …

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Important Annoucement:Official Statement from PUPRIME Regarding Counterfeit Apps

Since our establishment in 2015, PUPRIME has grown into an industry-leading online trading service, providing over 200 financial products to customers all over the globe. With increased recognition and support of our brand, a few counterfeit PUPRIME apps have sprung up to deceive our customers and defraud them. In view of the …

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PUPRIME System Upgrade Maintenance Notice

Dear Valued Client, To provide a better reliable trading environment, PUPRIME would like to launch a Live and Demo Server upgrades from MT4/MT5 Server Time (GMT+3) 16:00 of October 16th 2021 to 19:00 of October 16th 2021. The upgrade maintenance would make clients unable to log in all Live Account and Demo …

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Official Statement from PUPRIME regarding Imposter Sites

Dear Valued Client, Pacific Union has always worked consistently to improve our range of products and services – and we are endlessly grateful for the continued support and trust we have received from our customers over the years. However, as we grow as a company, imposter sites have sprung up. It has …

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PUPRIME CFD Rollover Notice for October

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 …

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PUPRIME CHF Products Margin Level Resumption Notice

Dear Valued Client, As Pacific Union continues to review the pricing of the CHF markets and prudent evaluation, we are glad to announce that we will decrease the margin requirements by 5 times for all CHF Products and CHF Crosses Products starting from 00:00 of 11th October 2021 (GMT+3). Hence, the margin …

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PUPRIME New Product Launch

Dear Valued Client, To provide a broader portfolio of products, Pacific Union will launch the new product of Forex pairs USDBRL and USDINR on 4th October 2021. Please refer to the table below outlining the new instrument: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) Please note that the above …

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Official Statement from PUPRIME regarding Imposter Sites

Dear Valued Client, Pacific Union has always worked consistently to improve our range of products and services – and we are endlessly grateful for the continued support and trust we have received from our customers over the years. However, as we grow as a company, imposter sites have sprung up. It has …

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PUPRIME New Product Launch

Dear Valued Client, To provide a broader portfolio of products, Pacific Union will launch the new product of US Share CFDs on 27th September 2021. Please refer to the table below outlining the new instrument: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) Please note that the above data are …

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PUPRIME CFD Rollover Notice for September

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 …

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PUPRIME NVIDIA Stock Split Notice

Dear Valued Client, Please be advised of the upcoming Nvidia Corporation. (NVIDIA) stock split that is going to take place as per the following schedule: • Ex-Date: July 20th, 2021 (GMT+3, MT4/MT5 server time). Common shares will trade at the new split-adjusted price. Important notes of the NVIDIA Stock Split●  The quantity of …

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PUPRIME CFD Rollover Notice for July

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 …

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PUPRIME CFD Rollover Notice for June

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 …

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PUPRIME New Product Launch

Dear Valued Client, To provide a broader portfolio of products, Pacific Union will launch the new products of EOSUSD , XLMUSD and INDIA 50 as per the dates in the table below. Please refer to the table below outlining the new instruments: *All dates are provided in GMT+3 (Server Time in MT4/MT5.) …

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PUPRIME CFD Rollover Notice for May

Dear Valued Client, Please be advised that the following CFD instrument 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 …

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PUPRIME CFD Rollover Notice for April

Dear Valued Client, Please be advised that the following CFD instrument will be automatically rolled over as per the date 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 date: *All …

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PUPRIME CFD Rollover Notice for March

Dear Valued Client, Please be advised that the following CFD instrument will be automatically rolled over as per the date 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 date: *All …

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PUPRIME New Product Launch

Dear Valued Client, To provide a broader portfolio of products, Pacific Union will launch the new products of USDZAR and SA40 as per the dates in the table below. Please refer to the table below outlining the new instruments: *All hours are provided in GMT+2 (Server Time in MT4/MT5.) Please note that …

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PUPRIME CFD Rollover Notice for February

Dear Valued Client, Please be advised that the following CFD instrument will be automatically rolled over as per the date 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 …

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PUPRIME CFD Rollover Notice for January

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 …

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The Technical VS. Fundamental

Technical and Fundamental Analysis are both tools used by traders to help determine a trading strategy. Both fundamental and technical analysis help traders to predict possible trends and future prices. Technical Analysis; “The process of analysing a financial instrument’s historical prices and other statistics generated by market activity, in an effort to determine probable …

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The Basics of the Fundamentals

Fundamental analysis is a method of evaluating an asset; it attempts to measure its intrinsic value by examining the underlying forces that could affect the asset. Fundamental Analysis includes; Geo Political factors – such as interest rates and other government policies Macroeconomic factors – such as the level of unemployment Company or …

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Interest Rates

Every time the chairman of the FOMC, Janet Yellen, gives a speech everybody is playing the guessing game trying to figure out what’s going to happen with the interest rates. Interest rate can be defined as; ‘The cost of borrowing money expressed as a % of loan value’ Understanding Interest rates is …

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Money Supply

The main role of any central bank is to control a country’s money supply. By decreasing borrowing costs, central banks are effectively increasing the money supply. The money supply is a measure of the entire amount of bills, notes, coins, loans, credit and other liquid instruments in circulation within a country’s economy. …

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Inflation

What is inflation?We’ve spoken about inflation a lot in this module, and in case you haven’t got it yet; put simply inflation is ‘Rising prices’. It can also be described as the sustained increase in the prices of goods and services. What does inflation do?Inflation causes what we call an erosion of the …

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What is Technical Analysis

Now that we’ve spoken about fundamental analysis, what it means and what it consists of, let’s take a closer look at technical analysis. What is technical analysis?Unlike fundamental analysis, which is concerned with an asset’s intrinsic value and what its price should be, technical analysis focuses more on pattern recognition. Technical analysis is a …

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Support and Resistance

Support and resistance is a concept used within technical analysis that suggests that the market price of an asset will tend to fall and rise at certain predetermined levels. SupportThe support level is the level at which the price tends to find support as It is falling; it is more likely to …

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Trendlines Channels

Trendlines“The trend is your friend” is a quote used often by traders and the theory behind it is simple; it’s perceived as easy to make money trading in the same direction as the trend. An uptrend line (successive higher highs and higher lows) is depicted as a line drawn along the bottom …

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Indicators

There are essentially two groups into which technical indicators fall – leading and lagging indicators. Leading indicators will change in advance of expected economic trends; they are often used to predict future movements but not always necessarily accurate. Lagging indicators are used to summarise past movements as opposed to predicting future; it …

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Lagging Indicators

Moving AveragesA moving average is a type of technical indicator that traders use in order to calculate the average price of a security over a given time. There are two different types of moving averages; simple moving average [SMA] and an exponential moving average [EMA] Simple Moving Averages (SMAs)A simple moving average …

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Leading Indicators

As mentioned before leading indicators will change in advance of expected economic trends; they are often used to predict future movements but not always necessarily accurate. Now that we have discussed moving averages, an example of a lagging indicator, let us move on to the Relative Strength Index which is a type …

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Bollinger Bands

Bollinger bands is an analytical tool used by traders to identify a market’s volatility and looks at the levels of current prices relative to previous trades. We can see from the above graph that in an instance where there is little volatility the bands contract and as the market becomes increasingly volatile …

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Fibonacci Sequence

Fibonacci sequence is used widely in many different industries in the world which is why it may sound the most familiar to you out of all the technical analysis tools we have covered so far. Leonard Fibonacci was an Italian mathematician (1200 AD) who discovered a simple sequence of numbers (Fibonacci numbers) …

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Chart Patterns

Technical analysis, like we said before, is not just about charts. It does, however, rely heavily on them and often uses chart patterns to assist in making trading decisions. The underlying theory is that traders often expect chart patterns to repeat, and this prediction is what presents them with various trading opportunities. …

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Forex

FOREX is the largest financial market in the world in terms of both size and liquidity. To give you a general idea of the size, an average of $5 trillion is traded globally each day. No stock market in the world trades such a huge amount on a daily basis. The idea …

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Quotes in Forex

We mentioned above that currencies are always traded in pairs; this is because when you buy one you’re essentially selling the other and vise versa. So how do you read an FX quote? E.g. EUR/USD = 1.1200This means that 1 € = 1.12 $EUR; in this quote EUR is known as the base currency.USD; in …

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Going Long or Going Short

Going long or going short is just trader lingo for buying or selling.As long as you remember LONG = BUY and SHORT = SELL then you’re half way there.The next bit is a bit trickier… When to go Long and when to go Short in FX“Going long” in FX terms is buying the base currency and selling …

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Watch Your Pips Grow into a Lot More

You’ve probably heard them a million times; “PIPs” and “LOTs” may be little but in the trading world they’re a BIG thing. You won’t understand trading until you understand them. What the pip!? PIP stands for “percentage in point” and is the smallest possible increment in a quote. Example: GBP/USD has a rate …

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How Much is a Lot

One of the first concepts you need to understand as part of your Forex trading training are standard lots and micro lots; what are they and what’s the difference between them? What is a Forex lot? A standard forex lot is equal to 100,000 of the base currency so in the case …

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Leverage and Margin

Now that we know what a pip is, we know that it is just a teeny amount, so you need to trade a LOT for these tiny PIPs to really make a difference. ‘Leveraging lets you magnify your profit potential, at the risk of greater losses, through allowing you to control a …

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Calculating Your Profit an Loss in the Market

Show me the money!Now that you understand what a pip is and what a lot is, you need to know why you learnt about them in the first place. We need pips and lots to work out our profit and loss; so here are the basics of your Ps and Ls. Remember …

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CFD Trading Example

A Contract for Differences, commonly known as CFD, is an agreement where the difference in settlement of a financial derivative’s open and close prices is resolved with a cash settlement. CFDs exist for multiple assets, including stocks, indices and commodities, although no delivery of actual goods or securities happen when trading a …

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The Potential Pitfalls of CFD Trading

CFD trading can be a risky business. As we have mentioned, leverage allows you to take positions that are larger than your deposit size. It means you can potentially amplify your profits, but it also means that the risk of large losses is greater. If you are a beginner, then the most …

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The 3 Main Market Categories

Bullion Bullion refers to the physical gold and silver of high purity. The demand for bullion isn’t driven only by their practical use, but also by their role as investments and a store of value. Paper currencies come with all sorts of problems, like the risk of inflation in times of political …

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Financial Markets

The financial markets are places where financial securities and derivatives are traded. This means that, generally, through the trading of assets like securities, money flows where it’s needed, creating liquidity for individuals, businesses, and organisations. There are three International Financial Centres designated located around the world: one each in Tokyo, London, and …

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Market Participants

Now that you have a basic understanding of what the financial markets are, let us look at the various stakeholders: Commercial Banks – Retail and investment banks that accept deposits from and give loans to the public to make a profit Brokers – A person or a company that arranges transactions between …

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PUPRIME DEMO Server Upgrade Completed Notice

Dear Valued Client, Please be advised that the Demo Server upgrade is completed and Demo Account Opening Application is resumed accordingly. Meanwhile, MT4 Demo Server is renamed from PacificUnion-Demo to PacificUnionInt-Demo, you could re-login with the following 2 method: 1. MT4 for Mobile• Launch the MT4 app and select “Setting”–“New Account”–“Login to …

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PUPRIME DEMO Server Upgrade Notice

Dear Valued Client, Please be advised that Pacific Union will launch a Demo Server upgrade from MT4 Server Time (GMT+2) 00:00 of 19th December to 15:00 of 20th December 2020. The upgrade would make clients unable to log in MT4 Demo Account temporarily. At the same time, the Demo Account Opening Application …

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PUPRIME Server Upgrade Notice

Dear Valued Client, To provide a better reliable trading environment, Pacific Union would like to launch a Live Server upgrades from MT4 Server Time (GMT+2) 00:00 of December 12th 2020 to 11:00 of December 13th 2020. The maintenance would make clients unable to log in MT4 Live Account temporarily, but it won’t …

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PUPRIME CFD Rollover Notice of Dec

Dear Valued Client, Due to the rollover date of VIX index, Oil CFD(CL-OIL) and USDX index is approaching, please be advised that the pricing are difference between old and new futures contracts, we recommend clients to monitor their positions closely and properly control their positions. New contracts for VIX index, Oil CFD(CL-OIL) …

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PUPRIME Index CFDs Dividend and Swap Separation Notice

Dear Valued Client, Regarding our current method of combining indices dividends with swaps, please be advised that we expect to launch the new feature starts from November 16th 2020 to separate indices dividends with swaps in order to add more clarity on these rates. The impact of this change will be that the indices dividends …

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PUPRIME CFD Rollover Notice of Nov

Dear Valued Client, Due to the rollover date of VIX index is approaching, please be advised that the pricing are difference between old and new futures contracts, we recommend clients to monitor their positions closely and properly control their positions. New contracts for VIX index will automatically be rolled-over as below: *All …

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PUPRIME AAPL Stock Split Notice

Dear Valued Client, Please be advised of the upcoming Apple Inc. (AAPL) 5th stock split that is going to take place as per the following schedule: •  Ex-Date: Aug 31st, 2020. Common shares will trade at the new split-adjusted price. Important notes of the AAPL Stock Split ●  The quantity of shares of each …

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PUPRIME TSLA Stock Split Notice

Dear Valued Client, Please be advised of the upcoming Tesla, Inc. (TSLA) 1st stock split that is going to take place as per the following schedule: •  Ex-Date: Aug 31st, 2020. Common shares will trade at the new split-adjusted price. Important notes of the TSLA Stock Split ●  The quantity of shares of each …

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How to develop a trading plan

Why a trading plan is important When trading, as in most endeavors, it’s important to start at the end and work backwards to create your plan and figure out what type of trader you should be. The most successful traders trade to a plan, and may even have several plans that work …

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How to efficiently managing risk

Any analyst or trading guide will tell you how important it is to manage your risk. However, how does one go about managing that risk? And what exactly do they mean by managing risk? Here is a step-by-step guide to one of the most important concepts in financial trading. 1. Determine Your …

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The advantages and disadvantages of CFD trading

Contracts for Difference or CFDs, as they are commonly referred to, are derivative instruments that enable traders to speculate on a wide range of financial markets, without taking direct ownership of the underlying asset. The contract referred to is an agreement between the buyer and the seller to exchange the difference between …

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Trading skills and common mistakes

FOREX tRading skills Before you start something new, begin with the fundamentals. Let’s look at trading tips every trader should consider before trading currency pairs. Know the Markets We cannot overstate the importance of educating yourself on the forex market. Take the time to study currency pairs and what affects them before …

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Why Should You Trade Gold

Gold Has Been Long Valued By Societies For Its Lustre And Malleability Gold trading is one of the most popular financial transactions conducted worldwide. Many forex traders get their hands on trading gold with the aim of generating income from multiple channels and types of transactions in the gold market. Discover the …

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How to invest in shares

Share trading refers to investing in a publicly listed company or corporation by purchasing a number of that company’s shares, also referred to as stocks. A company’s shares become available for trading once it has completed an Initial Public Offering (IPO) and can be purchased on the stock market. When share trading, …

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What is currency

Currency, or foreign exchange, often abbreviated as forex or simply FX, refers to the exchange of global currencies on a decentralised market place – also known as over the counter (OTC) currency exchange. The foreign exchange market is the largest and most liquid market in the world, with an average daily trading …

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What are leverage and margin

WHat IS LEVERAGE ? Financial Leverage enables retail Forex traders to control market positions that are much larger than their initial investment. Effectively, financial leverage takes the form of a loan that a trader takes from their broker, helping them invest in the foreign exchange market without needing to put up a …

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What are liquidity and volatility

What Is Liquidity? Liquidity refers to how active a market is. It is determined by how many traders are actively trading and the total volume they’re trading. One reason the foreign exchange market is so liquid is because it is tradable 24 hours a day during weekdays. It is also a very …

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What are CFDs

Contracts for Difference (CFDs) are financial derivatives that allow investors to speculate on whether the price of a specific instrument will rise or fall, without taking ownership of the underlying asset. Contracts for Difference have grown in popularity in recent years, enabling retail traders to invest in various financial instruments including forex, …

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Leading Economic Indicators

Economic indicators, or economic releases, are vital components to consider when making trading decisions. While some releases like Employment data or Retail Sales gives us a snapshot of an economy’s strength or weakness, some are a bit more subtle in their ways and can actually serve as a leading supposition of what’s …

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What is day trading

Day trading is the practice of buying and selling a financial asset within a single trading day. Known as day traders, investors that follow this practice usually make use of high levels of financial leverage to maximise the profit they can earn from small market movements. Day trading is most commonly seen …

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Key Economic Announcements

Economic announcements, or new events, are a widely followed aspect of trading due to their influence on monetary as well as political policy. Therefore, it is important to know which announcements are going to create the most impact and volatility so as to take advantage of their movements. Here are some of …

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Consumer and Producer Price Indices

The Consumer Price Index (CPI) and Producer Price Index (PPI) are inflationary measures used to determine whether prices for goods and services are rising (inflation), falling (deflation when below zero or disinflation when falling but still above zero), or staying the same (since there is no particular term for this, let’s just …

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Non-Farm Payrolls

Non-Farm Payrolls (NFP) measures the amount of jobs gained in the U.S. during the previous month that aren’t farm related. It is typically released on the first Friday of the new month, and also includes the Unemployment Rate, Average Hourly Earnings, and the Participation Rate. While all of those releases can have …

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Options trading strategies

There are various options trading strategies that experienced investors use to attempt to profit from the financial markets including: Straddles One of the popular options trading strategies, a straddle involves an investor holding both a call and put option on an asset, with the same strike price and expiration date, while paying …

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Why trade options

Options trading strategies are usually used by investors to: Speculate on Financial Markets Similar to other forms of derivatives trading, options trading is used by investors to speculate on whether the value of a financial instrument will rise or fall. If an asset’s price is expected to rise, a call option can …

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Central Banks

In its simplest context, Central Banks are responsible for overseeing the monetary system for a nation (or group of nations); however, central banks have a range of responsibilities, from overseeing monetary policy to implementing specific goals such as currency stability, low inflation and full employment. Central banks also generally issue currency, function …

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