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Monthly Archives: June 2024

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MT4/MT5 Account Optimisation Notice

Written on June 5, 2024 at 9:30 am, by

Dear Valued Client, PU Prime will implement the following optmisation to all MT4/MT5 accounts starting from 17 June 2024 to enhance competitiveness and improve the trading environment as follows: Optimisation in margin call level threshold and margin stop-out level threshold. Optimisation in leverage for Forex, Oil and Indices. Please refer to the table below accountContinue Reading

Oil Plummet On U.S. Crude Inventory Surge

Written on June 5, 2024 at 5:40 am, by

Market Summary Oil prices experienced their steepest decline of 2024, dropping over 5%, following the release of the American Petroleum Institute (API) weekly crude data, which revealed an unexpected inventory build-up exceeding 4 million barrels. This surprise data, coupled with OPEC+’s decision to increase oil supply in the fourth quarter, exerted significant downward pressure onContinue Reading

Loonie Slips On BoC Rate Cut Expectation

Written on June 5, 2024 at 2:09 am, by

Fundamental Analysis * Loonie Swoon: The Canadian Loonie have broadly fell, further erasing recent gains against the US Dollar. Canada is not releasing any economic data on Tuesday, leaving the Canadian Dollar influenced by general market sentiment. Mixed economic data from the US, coupled with a prolonged decline in Crude Oil prices, has pushed investorsContinue Reading

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