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Monthly Archives: February 2024

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Soft Retail Sales Hammers Dollar

Written on February 16, 2024 at 2:49 am, by

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 a decline inContinue Reading

Dollar Ease On Profit-Taking Sentiment

Written on February 15, 2024 at 5:50 am, by

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 stance maintained byContinue Reading

New Product Launch

Written on February 14, 2024 at 3:51 am, by

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 that the aboveContinue Reading

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