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Monthly Archives: September 2024

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USD/JPY Slips On Fed Rate Cut Bets, Weak USD

Written on September 13, 2024 at 1:57 am, by

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

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

Dollar Remain Strong on Upbeat CPI

Written on September 12, 2024 at 5:35 am, by

Market Summary The U.S. CPI readings released last night exceeded market expectations, dispelling concerns about an economic contraction in the U.S. In response, Wall Street rallied, with the Nasdaq leading the gains, climbing over 350 points in the last session. In the bond market, swap traders are now fully pricing in a quarter-point rate cutContinue Reading

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