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Monthly Archives: April 2024

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Dollar Eases Ahead Of Jerome Powell Speech

Written on April 3, 2024 at 6:03 am, by

Market Summary The U.S. stock market experienced a significant decline yesterday, with all three major indexes dropping by approximately 1%. This downturn occurred as U.S. long-term Treasury yields surged to their highest level since last December, fueled by robust economic data suggesting that the Federal Reserve might postpone interest rate cuts. However, the dollar indexContinue Reading

Pound Remains Defensive Amid Slowing UK Inflation.

Written on April 3, 2024 at 2:00 am, by

Fundamental Analysis * Dismal mood: The Pound Sterling has fell against the dollar and its peer as the major pair remains at risk due to slowing UK inflation and negative market sentiment. On U.S front, several Federal Reserve officials discussed the monetary policy outlook on Tuesday. Loretta Mester, President of the Cleveland Fed Bank, maintainedContinue Reading

Trading Schedule Changes for AU Daylight Saving

Written on April 3, 2024 at 1:58 am, by

Dear Valued Client, Please note that in observance of the upcoming AU Daylight Saving Time on 7 April 2024, there will be changes to PU Prime’s trading schedule starting from 8 April 2024. Kindly refer to the table below for the schedule of all the instruments that are subject to changes: *All hours are providedContinue Reading

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