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Monthly Archives: October 2023

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Dollar Strengthens On Upbeat PMI Reading

Written on October 25, 2023 at 5:11 am, by

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 a downturn dueContinue Reading

Dollar Plunges on Treasury Yield Surge

Written on October 24, 2023 at 5:14 am, by

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 optimism into globalContinue Reading

Trading Hour Schedule Changes for EU/UK Daylight Saving

Written on October 23, 2023 at 6:33 am, by

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 above data areContinue Reading

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