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Yearly Archives: 2024

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Dollar Retreats on Jobless Claims, Eye on NFP

Written on December 6, 2024 at 4:14 am, by

Market Summary The Dollar Index fell against six major currencies after US jobless claims rose to 224,000, exceeding the forecast of 215,000, dampening optimism ahead of the Nonfarm Payrolls report. Profit-taking weighed on the dollar, but rising US Treasury yields, supported by hawkish Fed remarks, limited losses as investors await further clarity on the laborContinue Reading

USD/CHF Dips On Weakening Dollar

Written on December 6, 2024 at 2:11 am, by

Fundamental Analysis * Dollar Retreat: The USD/CHF pair faced selling pressure as the U.S. dollar weakened amid disappointing economic data. Recently, weaker-than-expected results from the ADP Non-Farm Employment Change and ISM Non-Manufacturing PMI intensified bearish sentiment, applying significant pressure on the greenback. Additionally, the Labor Department reported an increase in initial jobless claims to 224k,Continue Reading

Server Upgrade Notice

Written on December 6, 2024 at 2:03 am, by

Dear Valued Client, PU Prime will be upgrading its MT4/MT5 servers starting from 7 December 2024 00:00 hrs. (GMT+2) until 7 December 2024 03:00 hrs. (GMT+2). Access to MT4/MT5 accountswill still be available during the server upgrading period. However. all orders of the affected products will not be executed during the server upgrading period. PleaseContinue Reading

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