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Yearly Archives: 2024

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Oil Slips As Demand Outlook Remains Weak

Written on October 22, 2024 at 2:09 am, by

Fundamental Analysis * Demand Doldrums: Crude oil prices remain under pressure as ongoing concerns about weak demand continue to weigh on the market. The easing of geopolitical tensions, along with softer global demand, particularly from China has kept the outlook for oil prices tilted to the downside. While China’s government has rolled out a stimulusContinue Reading

Trading Hours Schedule Changes for EU/UK Daylight Saving

Written on October 21, 2024 at 7:45 am, by

Dear Valued Client, Please note that in observance of the upcoming end of EU/UK Daylight Saving Time on 27 October 2024, there will be changes to PU Prime’s trading schedule starting from 28 October 2024. Kindly refer to the table below outlining the affected instruments: *All hours are provided in GMT+3 (MT4/MT5 Server Time). PleaseContinue Reading

Middle East Conflicts Intensify, Gold Jump

Written on October 21, 2024 at 5:35 am, by

Market Summary Gold surged to a record high, nearing the $2730 mark per ounce, as worsening tensions in the Middle East escalated. The situation intensified after a Hezbollah drone explosion near the Israeli Prime Minister’s private residence, prompting discussions of retaliation from Israel, which fueled the safe-haven demand for gold. Similarly, silver (XAGUSD) soared toContinue Reading

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