Monthly Archives: October 2024
41654156156Server Upgrade Notice
Written on October 25, 2024 at 6:13 am, by glennsong
Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 26 October 2024 00:00 hrs. (GMT+3) until 26 October 2024 03:00 hrs. (GMT+3). Access to MT4/MT5 accounts will still be available during the server upgrading period. However. all orders of the affected products will not be executed during the server upgrading period.Continue Reading
BoJ Signal No Rate Hike Next Week
Written on October 25, 2024 at 5:24 am, by pumarketings
Market Summary The Japanese Yen is likely to weaken further as BoJ Governor Kazuo Ueda signalled no intention to raise rates in the upcoming central bank meeting, even with the yen trading near a 3-month low. Ueda expressed concern about potential economic impacts tied to the upcoming U.S. presidential election, which could also weigh onContinue Reading
Gold Testing Resistance: Potential Breakout Amid Risk-off Sentiment?
Written on October 25, 2024 at 1:13 am, by pumarketings
Fundamental Analysis * Risk-Off Sentiment: In the short term, better-than-expected US economic data has shifted market sentiment, sparking a selloff in gold as investors gravitate towards riskier assets. Nonetheless, the long-term outlook for gold remains bullish, driven by heightened geopolitical tensions in the Middle East and the uncertainty surrounding the upcoming US Presidential Election. Additionally,Continue Reading
