Monthly Archives: June 2024
41654156156NFP Shocks Market, Triggers Dollar Surge
Written on June 10, 2024 at 5:16 am, by jonywang
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, prompting a moreContinue Reading
USD/CHF Rose On Robust US Labor Market Data
Written on June 10, 2024 at 2:07 am, by jonywang
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, which could benefitContinue Reading
PU Prime Adjusts Maximum Leverage And Lowers Stop-Out Level
Written on June 7, 2024 at 9:39 am, by jonywang
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 the new demandsContinue Reading
