Monthly Archives: September 2024
41654156156Fed Rate Watch: The Week That Moves Markets!
Written on September 13, 2024 at 2:08 am, by pumarketings
Tuesday, 17 September 2024, 08:00 – US Core Retail Sales (MoM) (Aug) The latest U.S. Core Retail Sales for July reported a 0.4% increase, surpassing the market’s forecast of 0.1%. This better-than-expected outcome was fueled by strong consumer spending, notably in online shopping and restaurant sales, despite ongoing concerns about high inflation. Based on recentContinue Reading
USD/JPY Slips On Fed Rate Cut Bets, Weak USD
Written on September 13, 2024 at 1:57 am, by pumarketings
Fundamental Analysis * Surging Odds: The USD/JPY pair continues to slide during the Asian session as the dollar weakens. The US Dollar (USD) hit a new weekly low, driven by growing expectations of more aggressive easing by the Federal Reserve (Fed) next week. This sentiment was reinforced by Wednesday’s lower-than-anticipated US Producer Price Index (PPI)Continue Reading
Server Upgrade Notice
Written on September 12, 2024 at 5:51 am, by alanzhu
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 14 September 2024 00:00 hrs. (GMT+3) to 15 September 2024 23:59 hrs. (GMT+3). Access to MT4/MT5 Demo and Live accounts via the MT4/MT5 App, WebTrader, and PU Prime App will remain available during the server upgrade. However, price quotes, order execution, andContinue Reading