Monthly Archives: June 2024
41654156156Oil Price Gains Following Positive Demand Outlook
Written on June 14, 2024 at 1:47 am, by jonywang
Fundamental Analysis * Crude Boom: Crude oil prices have edged higher against the US dollar, bolstered by signs of a robust demand outlook for crude and fuel this year. The Organization of Petroleum Exporting Countries (OPEC) maintained its forecast for strong global oil demand growth in 2024, while Goldman Sachs projected solid U.S. fuel demandContinue Reading
PU Prime App and MT4/MT5 Server Upgrade Notice
Written on June 13, 2024 at 9:00 am, by glennsong
Dear Valued Client, PU Prime will be upgrading it’s PU Prime App and MT4/MT5 servers starting from 15 June 2024 00:00 hrs. (GMT+3) to 13:00 hrs. (GMT+3). Access to PU Prime Apps and MT4/MT5 accounts will not be available during the server upgrading period. All orders would not be executed during the server upgrading period.Continue Reading
Soft CPI Hammers Dollar
Written on June 13, 2024 at 5:49 am, by jonywang
Market Summary The financial markets experienced significant fluctuations in the last session, driven by two major economic events. Firstly, the U.S. CPI came in lower than market consensus, indicating easing inflation and boosting risk appetite. However, later in the session, the FOMC announced that there will be only one interest rate cut this year, reinforcingContinue Reading
