PU Prime App
Exclusive deals on mobile
PU Prime App
Exclusive deals on mobile
Hold The Global Markets In Your Hands
Our trading mobile app is compatible with most smart devices. Download the App now and start trading with PU Prime on any device, anytime and anywhere.
16 June 2023,02:27
Weekly Outlook
16 June 2023, 02:27
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.
In April, the Consumer Prices Index (CPI) recorded a rate of 8.7%, indicating a decrease compared to the previous month’s rate of 10.1%. Conversely, the prices of food and non-alcoholic drinks experienced a significant increase. Bank of England Governor Andrew Bailey has acknowledged that inflation had not decreased as expected, adding to expectations of further rate hikes by the BoE.
Despite a recent slowdown in price increases in Switzerland, consumer-price growth in the country still surpassed the central bank’s 2% target. In a separate public statement earlier this week, Swiss National Bank President Thomas Jordan acknowledged the possibility of tightening monetary policy to address persistent Swiss inflation. Analysts and the market anticipate that the SNB will raise interest rates.
The Bank of England has raised interest rates to 4.5% from near zero since the end of 2021. Inflation in Britain peaked last year but has since fallen to 8.7% in April. However, the slowdown in inflation has been less pronounced than in the United States and Europe. Investors are confident that the Bank of England is expected to announce a minimum quarter-percentage point increase on June 22, taking the Bank Rate to 4.75%.
The Purchasing Managers’ Index in the US has consistently remained above the 50 index level in recent months, indicating a positive state for the service sector. In May, the PMI recorded a value of 54.9, slightly lower than the expected 55.1. A favourable PMI reading could potentially influence the Federal Reserve’s interest rate decision, as they closely monitor economic data to inform their policy choices.
Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.
Sign up for a PU Prime Live Account with our hassle-free process.
Effortlessly fund your account with a wide range of channels and accepted currencies.
Access hundreds of instruments under market-leading trading conditions.
Trading Platforms
Education
Company
FAQs
PU Prime App - Start Trading with an Edge
Risk Warning: Trading Contract for Difference (CFD) carries a high level of risk to your capital and may result in losses that exceed your deposits due to leverage. It's important to understand how CFDs work and assess whether you can afford the high risk of losing your money. When acquiring our derivative products, you do not own or have rights in the underlying assets. Past performance is not indicative of future results. The information on this website is general and does not take into account your personal objectives, financial circumstances, or needs. Seek independent advice from qualified experts if necessary, and ensure you fully understand the risks before making any trading decisions.
PU Prime is a brand name of different entities authorised and registered in various jurisdictions.
PU Prime Limited is authorized and regulated by the Financial Services Authority of Seychelles under License No. SD050, with registered address at CT House, Office 1A, Providence, Mahe, Seychelles.
PU Prime Ltd is authorized and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst Building, 40 Silicon Avenue, Cybercity Ebene, Mauritius.
PU Prime (Pty) Ltd is an authorised Financial Services Provider registered and regulated by the Financial Sector Conduct Authority of South Africa under License No. 52218, with registered address at 37 Harley Street, Ferndale, Randburg, Gauteng, South Africa.
The information on this website is not intended for residents of certain jurisdictions, including the United States, Singapore, Australia, China, Russia, and jurisdictions listed on the FATF and EU/UN sanctions lists. It is not intended for distribution or use where such distribution or use would be contrary to local law or regulation. While the Authority has granted a securities or derivatives investment business licence to the Licensee, it does not endorse the products offered.
Finzero Cap Ltd, registered in the Republic of Cyprus with registration number HE414308 and registered address at 62 Athalassas, Mezzanine, Strovolos 2012, Nicosia, Cyprus.
Copyright © 2024 PU Prime.
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!
